Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
6 Cards in this Set
- Front
- Back
|
Which mandatory disclosure gives prospective buyers the warning that certain "hazards may limit your ability to develop the real property, to obtain insurance, or to receive assistance after a disaster? -lead-based paint hazards disclosure -homeowners guide to earthquake safety -natural hazard disclosure statement -all of the above |
Natural hazard disclosure statement |
|
|
The residential listing agreement - exclusive, if the seller checkmarks the box in the sign clause, this: -authorizes the broker to sign all documents regarding the sale of the property -authorizes the broker to put a for sale/sold sign of any size on the property -authorizes the broker to put a for sale/sold sign on the property -does not authorize the broker to put a for sale/sold sign on the property |
does not authorize the broker to put a for sale/sold sign on the property |
|
|
Sellers ryan and liz would like to sell their home quickly. they also want as much exposure for their home as possible. what should ryan and liz do? -include their home in MLS? -exclude their home from MLS -be sure that only their broker handles the sale -Both a and c |
Include their home in the MLS |
|
|
The "seller's advisory" form alerts sellers to the various disclosers they need to make regarding the condition of their home and its surroundings. if a home is sold "as is", the seller is still required to disclose any observable or hidden defects. Which of the following statements is correct? -observable defects are called latent defects -observable defects are called patent defects -hidden defects are called patent defects -all of the above are correct |
Observable defects are called patent defects |
|
|
As a licensee, which form must you use to explain the nature of agency? -disclosure of agency law form -agency relationship disclosure act -disclosure regarding real estate agency relationships -real estate agency election contract |
disclosure regarding real estate agency relationships |
|
|
which section of the residential listing agreement should the washer and dryer be listed for inclusion in price? -section 1. A -section 2 -section 3.B -section 4 |
Section 2 |
