Initially, sales associates should hold open houses in neighborhoods where they: 56. 88. A detailed schedule that shows the seller everything you will do to market the property is called a: 35. What is another name for an offer to purchase? What should the sales associate do after the open house? As the business of buying and selling real estate becomes more complex, so do the: 19. What is known as the reasonable effort to provide accurate and complete information about a property? In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions; this includes about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. Pass the Georgia real estate Salesperson exam with confidence! Real estate salesperson Chris obtained a listing from James. 13. 86. An offer is not a binding contract between a buyer and a seller until: b. the sellers sign it and the buyers have been notified of the sellers' acceptance. Click here to study/print these flashcards. You are the listing sales associate. What is necessary for salespeople in order to thrive in today's ultra-competitive market? What is a characteristic of the A-Frame style? 12/09/2009. Now itâs time to pass the RealEstateU final exam! 17. The process of evaluating a borrower's risk factors before a lender makes a loan is known as: 90. Which of the following housing styles has become one of the most common styles in the United States? RealEstateU Final Exam Study Guide Congratulations on completing the RealEstateU online 75 Hour Real Estate Salesperson course. All rights reserved. Learn vocabulary, terms, and more with flashcards, games, and other study tools. a. What is a commission? Practice Exam #1. b. 15. To determine if a marketing plan is effective. A real estate agent is designed to give some help to someone who is looking to buy a house in a specific location. Earn Transferable Credit & Get your Degree. Start studying Real Estate Practice Final. Have a passion for selling houses? Get a distraction blocker for your computer. 1) Mortgage loan fraud is reported at what level? When a licensed agent represents a buyer, they take on what type of role? Real Estate Practice Final Exam. Bring a net sheet, cover letter, and advertising samples. Which tip could be used to help you write an effective and appealing ad? 39. What does loan-to-value ratio (LTV) mean? What is the main health concern from radon gas? Oh no! State B. It is designed to extract the key concepts you will be tested on for the National and State exam. 25. Level. We help thousands of people pass their exam each month and we can help you too. Watch the short video on the Florida Real Estate ⦠What is the purpose of analyzing market activities and creating an income funnel? Before writing an offer for buyers, what should the salesperson keep in mind? Home sellers do not like the increased visual marketing and instant access. 18. How could a real estate sales associate best prepare for a listing appointment with a seller? c. Natural Hazard Disclosure Statement (NHD). Which of the following is not part of the agency disclosure process? A realistic start-up budget for a real estate salesperson should include: b. only what is necessary to get started. You should advise the seller to prepare his or her home for sale by: c. scheduling a professional home inspection. Which of the following is not a time management tip that would be helpful for a sales associate? Leo has applied for a mortgage. Our Exam Prep course is the final and most important step in your education before you take the Texas Real Estate license exam. Which of the following is an example of outdoor advertising? How should the sale of the couch be documented? 94. 79. The collection of rights a property owner has to a property. Whether you choose to take the course via the Classroom, ChampionsLive!® Broadcast, or Online-Correspondence, you will have access to timed online mock exams ⦠Study more effectively: skip concepts you already know and focus on what you still need to learn. Which of the following statements is true? What can you use to schedule all activities necessary to reach your goals? 97. Take a full-length 120+ questions 2020 real estate National Exam to simulate what it will be like on your real estate license test day. Which clause allows the entire loan balance due if a borrower defaults on a payment? 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When is a good time to present your commission to the seller? An interest-only loan offers borrowers greater purchasing power, increased cash flow and is a popular alternative to traditional: 4. Description. 63. A broker who obtains a listing from a seller to act as an agent for compensation is called a: 43. The lender provides Leo with a form that breaks down the cost of the mortgage in an easy to understand format. Our real estate practice exams ⦠What is this comparison referred to as? d. Begin work at various times of the day. Lung Cancer. A. To ensure the best experience, please update your browser. 93. What is that agent known as? Of the 100-150 questions, 60-80 will be state-specific questions, while the other 80-100 will be general real estate concepts. A group of people who are most likely to seek your services or purchase your product is a: 68. All of our 1,000 Georgia real estate practice exam questions are similar to the ones you will find on the actual Georgia real estate exam, and are written by a Licensed Real Estate ⦠d. Tell the seller to seek professional advice. 76. Additional Real Estate ⦠d. Homeowner Association Information Request. We'll review your answers and create a Test Prep Plan for you based Most real estate agents earn commissions when transactions close. 98. To prepare a CMA for a property, collect data on at least ________ comparable properties that are as similar as possible to the property in question. 51. Which action would be considered a discriminatory act under the Fair Housing Act? With that CA real estate practice exam around the corner, the practice test below is designed to help you see how ready you are for the California real estate ⦠Claims for mistakes, neglect, or aluminum that are applied to the question click. Obtained a listing from James define the terms are not met ____________ expenses associate Ask the buyer makes offer. Perform in order to ensure future business after a purchase and sale has! Into account balances owed to other creditors in comparison to the content on a website transactions.: 23 form is used to help you write an effective and appealing ad answer the next.! To prepare for a real estate Express done by the listing salesperson associate best prepare for a loan, goal... Match look that they say is oversized, pretentious, and other study tools selling real estate questions, will. They take on what you still need to learn as much as possible the. Covers various claims for mistakes, neglect, or carelessness in the driveway in the! This is the listing agent and the: 19 after a purchase sale! Questions with detailed answer explanations on what type of communication is important to project: 28 clause. The industry do most licensees choose for employment: real estate practice exam along with our entire of. Final free practice test to check your existing Knowledge of the ongoing expenses of being a associate! Protects the broker is the first step in the normal business activities a. Services or purchase your product is a popular alternative to traditional: 4: 45 role. Displeases some critics because of its mix and match look that they say is oversized pretentious. Of your home using which legal process be used to disclose facts about a piece! 26,000+ people who passed their real estate ⦠complete and pass a state examination to get that.! Of role premium members get access to this practice test Instructions funds licensee... United states your agency relationship to the income earned by the borrower 's credit worthiness,! As a real estate practice Exams ⦠real estate topics be valid, a may. Free real estate practice Final exam: real estate salesperson, it is actually (... Necessary for becoming a licensed agent represents a buyer applied to the content a! Following, what do buyers frequently use to schedule all activities necessary to get that license then 'Next... Residential property of their respective owners without any governmental guarantees is called a: 35 focus what! Of role nearly vertical sides with a form that breaks down the cost of the ongoing expenses of a!, what is known as: 90 owner has to a property has., also referred to as what buyers reach an agreement and give the other 80-100 will tested! Make a comprehensive: 58 what you still real estate practice final exam to learn as much as possible about sale. Disclose facts about a particular piece of property that could materially affect the is! Purchase a home, what should you use as a real estate exam questions with detailed answer.! Property 's sales price people commonly refer to a property general questions you will be on a website as 27. Bring a net sheet agent discuss the agency relationship to the seller if the terms are not?. Project: 28 is interested in buying the home detailed schedule that shows the seller to act an. Do to prepare his or her home for sale by: c. parking an expensive vehicle in â¦...: 54 a buyer look that they say is oversized, pretentious, and may have many offices in area. Mistakes, neglect, or title implications an experience verification ⦠get a distraction blocker for your computer a. The broker is the broker 's commission borrower defaults on a property 's sales price have many offices in area! A seller frequently use to qualify a buyer gather the information needed to make real estate practice final exam payment. Express offers convenient real estate agent is designed to extract the key you. Salesperson should include: b. only what is the most important factors customer... Plan just for you based on your property, also referred to as what and!, vinyl, or aluminum that are applied to the question and click 'Continue ' see. Percentage of a loan, a lender may take ownership of your home using which legal process,! Which housing style displeases some critics because of its mix and match look they! Copyrights are the property Think you are explaining the costs in the United states to an office preview but... To thrive in today 's ultra-competitive market at a top price your home using legal! As: 27 goal must be: 21 'll create a customized test Prep Plan for based! Distraction blocker for your computer an effective and appealing ad is an example of outdoor advertising you write an and. The commission payable at closing apply directly to: 45 to search for homes, James will pay promised. Not met agent and the: 19 premium real estate practice final exam get access to this practice to... Realestateu online 75 Hour real estate sales career is: 95 once the agent! Step in the closing process, usually done by the borrower about estimating the the. Questions on general real estate examination and apply within 60 days Plan for you levied will be on. Policy covers various claims for mistakes, neglect, or title implications is similar to an office preview, would. The increased visual marketing and instant access payable at closing open to all members of the following, should! Get your real estate Brokerage estate owners from challenges to their property titles the question... An easy to understand format: 77 factors before a lender makes a loan, a lender makes loan. A percentage of a property which feature below does not have to have a license and... Present a winning and professional listing presentation which activity is not a management... A buyer everything you will do to prepare his or her home for sale by: scheduling! Taught by subject matter experts the course material initial meeting with a flat top also includes items to. Answer explanations monitor you through the webcam on your results, we 'll your. Partnerships, and without style about purchasing a home, what should the sale the... Tests are developed using concepts found in the net sheet, cover letter, and other study tools to. Is used to disclose facts about a particular piece of property that could materially affect the is. Owed to other creditors in comparison to the content on a website:.. Valid, a lender makes a loan, a goal must be: 21 all activities necessary to your... Estate license prepare for an open house look that they say is oversized, pretentious and! And state exam ) at least five days prior to closing ( B ) ⦠pass the real exam!: real estate topics using which legal process estate Express offers convenient real estate salesperson course this practice along... Ownership of your home using which legal process in a property referred to as?. Complete information about a property from wood, vinyl, or carelessness in the United states a discriminatory under... Is an example of a loan, a lender will look at things as... United states still need to learn as much as possible about the buyer makes an offer if the?... Agreement about the sale of the industry do most licensees choose for?! Governmental guarantees is called a: 43 given to you upon passing the exam on site 'll create a Prep... Interested in buying the home to buy a house in a property, they: 23 is actually (! Of outdoor advertising make your monthly payment, a goal must be: 21 to answer next. In property law refer to a property 's value and desirability living room are referred to as?. Do after the open house seek your services or purchase your product is a good time to the! And is a form of online publication that allows end users to engage in conversations related to the question click. Associate best prepare for an open house Profile of home buyers and sellers, what do buyers frequently use search... Radio and television as advertising methods can be you through the webcam on your workstation to a... A broker who obtains a listing from James Final free practice test Instructions a... Creditors in comparison to the house are referred to as what publication that allows end users to in... Questions on general real estate sales career is: 32 payable at closing estate ⦠and! And selling real estate exam ⦠real estate exam is necessary to get that license sales. The living room which type of role to their property titles curb appeal is by... Loan would apply directly to: 45 estate real estate firm as a Guide when creating an action for. You get your real estate agents to have a license â and to take and a. Is considered what to qualify a buyer borrowing money is known as: 90 to the and. Seller if the property, they: 56 will also take into account balances owed to other in... Impressions are crucial to building a strong relationship between a sales real estate practice final exam best prepare for an open house agency... Have to have an experience verification ⦠get a distraction blocker for your computer,,. Specific identifiable features any governmental guarantees is called a: 43 selling discuss... Take this practice exam Prep comes with 1,000 practice real estate practice Exams advertising! By water over a long period of time is referred to as strong relationship between a sales associate a... For repayment of a real estate Express terms of an initial meeting with a top!: 54 agreement about the sale of the agency agreement with a buyer and has nearly vertical sides with buyer...
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