Question

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91. Which of the following would not be an advantage of buyer brokerage?

1. A buyer agent can help the buyer negotiate a fair price

2. A buyer agent can negotiate on behalf of the sellers without violating his or her fiduciary duties to the buyer

3. A buyer agent owes complete loyalty and confidentiality to the buyer

4. A buyer agent can show FSBO properties and other non-MLS properties

92. Which of the following is included in the legal concept of land?

1. The surface of the earth and all natural things permanently attached to the earth

2. Only the surface of the earth that is delineated by boundaries

3. The surface of the earth except for lakes and streams

4. Land and buildings attached to it

93. What hazards of older homes must owners advise prospective buyers about?

1. Iron deposits

2. Lead paint

3. EMFs

4. CFCs

94. What is meant by rentable square footage?

1. All of the floor area of a building

2. Only the footage that lies within the tenant’s space

3. Evert area in a building that can be used as workspace

4. Useable square footage, plus a portion of the common areas

95. What distinguishes a lien from other types of encumbrance?

1. It involves a monetary claim against the value of a property

2. It lowers the value of a property

3. It is created voluntarily by the property owner

4. It attaches to the owner of the property

96. A property valued at $350,000 has an annual net operating income of $43,750. What is the capitalization rate?

1. 9.5%

2. 10.5%

3. 11.5%

4. 12.5%

97. What is the fundamental purpose of recording a deed to real property>

1. Prove that taxes have been paid

2. Avoid adverse possession

3. Give the property owner protection against unrecorded claims of ownership

4. Assemble all relevant documents in a single place

98. Which of the following is not a reason a business might choose to lease instead of purchase a a property?

1. Owning makes downsizing easier

2. Leasing is more cost effective

3. Owning requires a large capital outlay

4. Leasing allows more flexibility for the owner

99. Fair housing laws are designated to

1. Give housing choices to the widest range of people

2. Restrict the housing market

3. Prohibit discrimination

4. Ensure fair real estate negotiations

100. What is the best definition of an interest in real estate?

1. Owner of chattels

2. Ownership of an estate

3. Ownership of any combination of the bundle of rights to real property

4. Ownership of a loan on a parcel of real property

Please do everything.

Answer 1

91. A buyer agent can negotiate on behalf of the sellers without violating his or her fiduciary duties to the buyer.

92.  The surface of the earth and all natural things permanently attached to the earth.

93.  Lead paint

94. Use able square footage, plus a portion of the common areas

95. It involves a monetary claim against the value of a property

96. 12.5% Capitalization rate = (Income/ value of property)* 100 = (43750/350000) 100 = 12.5

97. Avoid adverse possession

98. Owning makes downsizing easier

99. Prohibit discrimination

100. Ownership of any combination of the bundle of rights to real property.