9) Which of the following is a characteristic of land leases? d) A sublease conveys the entire leasehold interest. Diff: 3 5) In which type of loan is the payment allocated only to interest? A) Buyers for all kinds of organizations (governments, nonprofit groups, intermediaries) tend to buy in much the same way as do manufacturers. Recommend that the seller delay response to make the buyer nervous and then submit a counteroffer. Which of the following statement(s) is/are true regarding death of a seller? b) states that the contract is subject to the approval of each of the client_s attorneys. 1) Broker Norm prints and completes lease agreements to which he is not a party. They do not try to get a loan, and when the deadline for loan approval draws near, they tell their agent they couldn't get a loan. Question: 33.Which of the following statements is true about the buyer's rights of inspection? 2) Fred reclaimed a foreclosed property by paying off owed amounts, including interest and costs? AACSB: Analytical thinking; Application of knowledge, 13) Mothers-to-be are potential users who will turn into heavy users of infant products and services. e. interfirm cooperation. a) Graduated b) Gross c) Percentage d) Net. neg/selling ch 11 Flashcards | Quizlet b) Only attorneys can hold and deposit earnest money. The history of the listing activities, information about the buyers and then the offer itself. C. The process of obtaining commitment occurs only toward the end of any sales call. 15) Which of the following does not meet the criteria for a VA loan? c) The borrower pays a fixed rate of interest. c) A sublease does not convey any of the leasehold interest. c) They are always a debit to one party and a credit to the other party for the same amount. c) The escrow agent will subtract the seller_s total debits from the total credits and arrive at what the seller will receive at closing. A buyer with a 640 credit score and an 80% loan-to-value ratio will have a fee of 2.25%, while a buyer with a 740 score will have a fee of 0.875%. _____ centers on all activities directed toward establishing, developing, and maintaining successful exchanges with customers and other constituents. LO: 6.1: In what ways can a company divide a consumer or business market into segments? b) There must be evidence that a structural inspection has shown no evidence of pest infestation. C) segment profitability d) It's an invalid offer. a) deed. Comment on any similarities or differences present. A) measurable Today, when a buyer can't specify all of the details of what it will need in the future, the relationship with a supplier is most likely to involve: Close buyer-seller relationships have many advantages for a firm, but one key disadvantage is: B) long-term commitments to another organization reduce flexibility for a firm. C) product specialization Diff: 1 a) Preservation and Maintenance of Property b) Property Inspection Report c) Property Order d) Borrower's Duties. 9) Bill has informed his landlord that he will be moving in 30 days. d. Neither (a) nor (b) is true. A purchase offer is a binding contract between the buyer, the seller and their agents. b. solidarity. a. c) The escrow agent will subtract the seller_s total debits from the total credits and arrive at what the seller will receive at closing. chapter 6 test Flashcards | Quizlet 7) The fact that Honda described its boxy Element as a "dorm room on wheels," but then attracted so many baby boomers that the average age of the Element turned out to be 42 illustrates what quality of baby boomers? Diff: 2 a. The buyers have been pre-qualified by a lender. A. this form must be provided to the purchaser by a seller who is selling his own property without the assistance from a real estate broker, B. in the event a seller does not provide the purchaser with this form by the date of the first offer, the transaction is automatically terminated by law, C. if the seller does not provide the purchaser with a copy of this form by the date of the offer, the buyer is automatically entitled to a refund of his earnest money deposit, D. this form is required to be provided by the seller in the sale of new construction that has been used as a model home but has not been occupied as a personal residence, this form must be provided to the purchaser by a seller who is selling his own property without the assistance from a real estate broker. a) Amanda has illegally commingled the earnest money with her own money. B. Daniel F Viele, David H Marshall, Wayne W McManus, DECA practice tests questions multiple choice. C) accessible b) He has given notice. A) single-segment concentration C) consumer maturity 8) Conventional loans are typically uninsured. 7) A buyer submits an offer to a seller. 10 of 10 All of the following are true statements about goals except which one? LO: 6.1: In what ways can a company divide a consumer or business market into segments? b. The fact that the NC listing agreement and buyer agency agreement must be in writing is required by: Employment agreements are not a right or interest in real estate subject to the statute of frauds, but need to be in writing due to commission rules. 13) Which organization insures loans made by approved lending institutions? 1) Proof of ownership of a property is called what? 4) The Statute of Limitations requires that parties to a contract who have been damaged or who question the contract's provisions do what? a) Estate for years b) Estate at will c) Estate from period to period d) Estate at sufferance. b. Transactional exchange e. Only (a) and (b). 8) Which of the following is not an item that a seller usually pays at closing? d) The original offer is legally terminated. AACSB: Analytical thinking, 16) Urgency, specific application, and size of order are examples of ________ segmentation variables for business markets. NameTornadoInc.TsunamiCorp.TyphoonCorp.NumberofShares8001,2502,140TotalCost$14,00031,25043,870$93,400TotalFairValue$15,60035,00042,800$93,400. Jerry agreed to what type of lease? 12) Seller James has taken back $20,000 as a second mortgage so Buyer Karl can qualify to buy the property. 3) Prospecting for buyers has a much lower return on output than prospecting for sellers. B. It's easier to prioritize your tasks if your goals are in writing. a. The expiration of the individual agent's license does not terminate the listing because the licensee is not a party to the agreement. a) Expense b) Credit c) Debit d) Proration. Once an offer has been accepted, the agent should do all of the following except which? According to North Carolina Real Estate Commission Rules, all of the following are required to be part of a listing agreement, EXCEPT: Listing agreements and buyer broker agreements may not provide for an automatic extension of the agreement.
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