Question: Hey guys, please help me answer these 5 questions!! 1. A salesperson at SOLD Realty signed a listing agreement on behalf of the brokerage, and
Hey guys, please help me answer these 5 questions!!
1. A salesperson at SOLD Realty signed a listing agreement on behalf of the brokerage, and another salesperson at the same brokerage signed a facilitation agreement with a buyer. The buyer is making an offer on the seller's property. The purchase agreement should indicate that representation in this transaction is:
A. facilitator.
B. seller agency.
C. dual agency.
D. buyer agency
2. A real estate investor must pay taxes on the propertys
A. Cash flow
B. Effective income
C. Taxable income
D. Net income
3. A counteroffer from a seller on sale price would affect which of the following seller expenses on the sale of real estate
A. Tile search costs
B. State deed tax
C. Prorated property taxes
D. Mortgage registry tax
4. The term Victorian refers to
A. specific architectural style.
B. an era or designs that were prevalent during a certain time period.
C. the designs of a particular person or school.
D. architectural education institutions.
5. A real estate investor wishes to convert an apartment building shed owns into condominium. To do so, she must
A. Apply for building permit
B. Create a plat map
C. Record a declaration
D. Register the property with the department of commerce
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