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
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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

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