Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A principal MAY terminate an agency agreement when the: A. broker presents an offer that the principal considers too low B. parties mutually agree in writing C. principal dislikes one of the broker’s salespersons D. agency is coupled with an interest in the property Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link In appraising most residential properties, a real estate appraiser relies primarily on the: A. reproduction cost approach B. replacement cost approach C. income approach D. market data approach Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following SHOULD be considered when establishing a listing price for a home? A. Supply and demand for similar homes in the neighborhood B. The amount the seller paid for the home C. How many dollars of proceeds the seller needs in order to purchase their next home D. What homes would sell for in a nearby community Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The gross income multiplier (GIM) is BEST used to value: A. foreclosed residential real estate B. real estate owned (REO) sites C. investment properties D. federally-owned properties Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link When mortgages are sold after they have been funded, they are considered part of the: A. primary mortgage market B. rural housing service C. secondary mortgage market D. federal reserve system Submit Answer