Question

which tax exemption is preferable o a taxpayer principle residence? a. senior property tax exemption b....

which tax exemption is preferable o a taxpayer principle residence?
a. senior property tax exemption
b. universal property exemption
c. homeowner exemption
d. veteran's exemption
one indictor of exceptional knowledge and proficiency in real estate is
a. being number one in your market
b. the REALTOR of the year award
c. one advanced real estate designation
d. specializing in a niche market

the average FSBO will try to sell her house for
a. six to eleven months before seeking professional help
b. two to three months before seeking help from a real estate broker
c. ten to twenty weeks before calling a licesned professional real estate agent
d. ten days to two weeks before seeking help from a licesned professional

licesnees working under an employing broker are eligiable for all of the following i surence programs except:
a. workers compenstation
b. social security
c. errors and omission
d. unemployment compensation

a warranty deed has been replaced in CA in by a/an:
a. trust deed
b. quitclaim deed
c. deed of reconveyance
d. grant deed with title insurence

a licesnsee must take care to see that a recipient of any disclosure:
a. gets the original for her file
b. has received it and acknowledged receipt i writting
c. has an opportunity to discuss each one with the escrow officer
d. forwards a copy to the escrow office for the file
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1) Solution: homeowner exemption
Explanation: The homeowner exemption is most preferred by a taxpayer principle residence

2) Solution: two to three months before seeking help from a real estate broker
Explanation: Average FSBO prefers to sell 2-3 months before seeking any assistance from a real estate broker

3) Solution: specializing in a niche market
Explanation: The specializing in a niche market indicates the exceptional proficiency and knowledge for real estate professional

4) Solution: unemployment compensation.
Explanation: Unemployment insurance coverage will not be needed because professionals in real estate work as independent contractors and thus would not be eligible for insurance in unemployment.

As per policy we have to answer first four parts

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. One advantage of Adjustable Rate Mortgages (ARM) is that a. lenders face lower levels of...
1. One advantage of Adjustable Rate Mortgages (ARM) is that a. lenders face lower levels of interest rate risk than a fixed rate mortgage. b. the outstanding loan balance can be adjusted regularly. c. the default risk of borrowers is lower than under a fixed rate mortgage. d. All of the above. 2. Gilbert takes out a 23-year adjustable rate mortgage loan for $6,000,000 with monthly payments. The first two years of the loan have a “teaser” rate of 2%,...
1. The U.S. income tax was enacted by the _____ amendment to the Constitution. a.16th b.18th...
1. The U.S. income tax was enacted by the _____ amendment to the Constitution. a.16th b.18th c.2nd d.13th 2. Tax law is a tool used by government to: a.Raise revenue to run government b.Support research and development c.Further economic goals d.Encourage social objectives e.All of these choices are correct. 3. Entities required to report income to the IRS are: a.Partnerships b.Estates c.Trusts d.Corporations e.All of these choices are correct. 4. What is reported on Schedule A of Form 1040? a.Itemized...
The Republican tax cut has been in the news. The tax cut which, on net, is...
The Republican tax cut has been in the news. The tax cut which, on net, is set to increase the deficit by $1.5 trillion over the next ten years is the focus of this question. A) One important thing to keep in mind is that the economy is already essentially at potential with unemployment at 4.1%. Assume that the economy is in long run equilibrium before the tax cut. What will happen to the US economy in the short run?...
^Kori^: 21. Which of the following is not relevant in determining whether an activity is profit...
^Kori^: 21. Which of the following is not relevant in determining whether an activity is profit seeking or a hobby?     A.   Whether the activity is enjoyed by the taxpayer.     B.   The expertise of the taxpayers and time and effort expended.     C.   The relationship of profits earned and losses incurred.     D.   All of these are relevant factors. ^Kori^: 22. Barbara is in the business of dairy farming. During the year, one of her barns was completely destroyed...
Why do you suppose the marketing of the tax shelters at KPMG grew so fast? a.Transformational...
Why do you suppose the marketing of the tax shelters at KPMG grew so fast? a.Transformational leadership b. Moral manager c. Social learning theory d. Moral intensity [The following information applies to the question.] In Chapter 4 we discussed the artificial tax shelter arrangements developed by KPMG LLP for wealthy clients that led to the settlement of a legal action with the Department of Treasury and the Internal Revenue Service. On August 29, 2005, KPMG admitted to criminal wrongdoing and...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe,...
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2016, the Deans had the following receipts: Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income—    City of Albuquerque general purpose bonds $1,000    Ford Motor company bonds 1,100    Ally Bank certificate of deposit 400 2,500 Child...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described itself as "a quarterly survey of business leaders from across the globe … surveying 11,500 businesses in 40 economies across the globe on an annual basis." 1 According to the 2011 IBR, the Asia Pacific region had a higher percentage (27 percent) of female chief executive officers (CEOs) than Europe and North America. Japan is the only Asia Pacific region exception. The report further...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT