Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The total amount of money required to buy, build, or develop something is referred to as: A. price impact B. cost C. direct cost D. value Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Sylvia is building a home on an empty lot. Every other home in her neighborhood is a craftsman-style bungalow, but Sylvia really wants to build a three-story gothic Tudor. Her architect explains that building such a different house will affect its value and the value of the houses around it. What principle of value is the architect taking into consideration? A. principle of contribution B. principle of anticipation C. principle of change D. principle of conformity Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The completed Buyer Representation and Broker Compensation Agreement must include: A. the exact sales price of the property B. the exact address of the property C. the names of all salespersons who may work with the buyer on the broker's behalf D. the start date of the agreement Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link How does an agent's requirement to disclose material facts differ from a seller's requirement? A. Sellers are held to a higher standard because they own the property. They are expected to disclose both what they know and what they should have known. B. Agents are held to a higher standard. They are expected to disclose both what they know and what they should have known based on their expertise. C. Agents and sellers are held to the same standard. They both must disclose what they know AND what they should've known. D. Agents and sellers are held to the same standard. They both must only disclose what they know. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link If CAR members use the RPA, what is the default way to treat a dispute between parties? A. civil action B. mediation C. arbitration D. criminal action Submit Answer