A salesperson has been selling residential properties for five years, and would like to get into listing and selling industrial properties. What would be the salesperson's best course of action?

Question 1

Question 1 of 5

Answer

A. Prospect for some industrial properties to list.

B. Seek to work with a practicing industrial broker either in the salesperson's present company or at another local brokerage.

C. Stay selling residential properties because industrial property brokerage requires a different license and is complex and difficult.

D. Move to a property management company and manage some industrial properties for a while before making this decision.

Question 2

Question 2 of 5

Answer

A. conditional

Question 3

Question 3 of 5

Answer

A. ensure a minimum price for goods.

B. control the number of competitors.

C. maintain and preserve business competition.

D. ensure that consumers do not pay any more than maximum allowable prices.

Question 4

Question 4 of 5

Answer

A. a competitive market analysis for a buyer or seller

B. a price opinion for a lender involved with a short sale transaction

C. an analysis to determine a project's estimated market capture and capitalization rate

D. a property valuation report supporting a federally-related loan application

Question 5

Question 5 of 5

Answer

A. market analysis

B. sales contract

C. appraisal report

D. assessor's determination

A salesperson has been selling residential properties for five years, and would like to get into listing and selling industrial properties. What would be the salesperson's best course of action?

A. Prospect for some industrial properties to list.

B. Seek to work with a practicing industrial broker either in the salesperson's present company or at another local brokerage.

C. Stay selling residential properties because industrial property brokerage requires a different license and is complex and difficult.

D. Move to a property management company and manage some industrial properties for a while before making this decision.

A property owner and a tenant enter into a written agreement whereby the owner will let the tenant live in a home in exchange for monthly rent. Which of the following types of contracts has been created?

A. conditional

B. assigned

C. implied

D. bilateral

The main purpose of antitrust laws is to

A. ensure a minimum price for goods.

B. control the number of competitors.

C. maintain and preserve business competition.

D. ensure that consumers do not pay any more than maximum allowable prices.

Which of the following analyses must be prepared by a certified appraiser?

A. a competitive market analysis for a buyer or seller

B. a price opinion for a lender involved with a short sale transaction

C. an analysis to determine a project's estimated market capture and capitalization rate

D. a property valuation report supporting a federally-related loan application

What does the mortgage lender most often rely on when deciding how much is safe to lend on a parcel of real estate?

A. market analysis

B. sales contract

C. appraisal report

D. assessor's determination

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