New Age purchased a new coffee maker the office was in need of. A. 7- What are the capital gains exclusions associated with the sale of a personal residence? Encourage Sam to make a counteroffer at 2% below Sam's asking price. 3- What kinds of limits are placed on the interest rate in an adjustable rate mortgage? What approach can their agent take to change the sellers perception of the offer? How to make a Best Offer. C. Real estate can respond quickly to changes in the market. 46- A life insurance company would most likely invest in all but which of the following properties? 5 of 10 Which of these is not a true statement? Allows the agent to determine community market trends. Study the other terms of the offer so that you can maximize the offers benefits and minimize the lower price. 1- What is important to know about unlicensed real estate assistants? Properties are very liquid and can move quickly. What are some important tips for home tours? The price of a plane ride rises by 10 percent. B. 6 of 12 The maximum commission amount a mortgage loan broker can charge on a second mortgage loan of 3 years for $18,000 is what? 3- Differentiate between mortgage brokers and mortgage bankers. Hometown received $2400.00 in referrals. D. Visiting a neighborhood with a co-worker could make you feel more comfortable. D. Seeking buyers for others agents listings. 63- Jennys home appraised for $550,000. Making a Best Offer | eBay Sam asks Bob what the price is. B. 1.555.555.555 | frontier airlines crash history. 1 of 10 What form can an agent use to show a seller what he or she will net on the sale of the property? buyer randy makes an offer to purchase - ftp.ivnowandzen.com At the time the agent presents an offer. 1 of 10 Gail is a licensed real estate assistant. B. C. Giving buyers your opinion of what works best for them. 5- If lenders intend to sell mortgages in the secondary market, what must they do? There is nothing that can offset this problem. C. Analyzing the income potential of the property. 6- When is a lender required to terminate a borrowers private mortgage insurance? 4- What do Fannie Mae and Ginnie Mae do that Freddie Mac does not? From whom may a salesperson receive compensation for performed activities? D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever. C. Deposit into the brokerage business account. 1- What is an important thing to remember about listing agreements? A. Brenda must follow all of Jims instructions. D. The monthly payments increase overtime. The purchase price, plus improvements 2- What is floor time and why is it important? 2. D. Convince a seller to list with you. The monthly net rental is $600. D. In most situations, an assistant should not have the responsibility of in-person contact with clients. 2 of 10 All of these statements are true except which one? C. Give the tenant a 3-day notice to pay or quit. What should Bob do? B. 5- Under what circumstances can a loss on the sale of a personal residence be deducted from income taxes? During the time Sam owned the property he paid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. The borrower makes payments of interest only over the term of the loan.

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