today:
26
yesterday:
301
Total:
1,001,932

부동산

Chapter 3 Quiz

2019.04.13 18:28 Views : 329

1 of 10 - When must a listing agent present the Disclosure Regarding Real Estate Agency Relationships to the seller?
Prior to bringing an offer to purchase.
 
Prior to accepting the listing.
 
As soon as possible.
Prior to conducting any showings.
You answered incorrectly
According to California Code, the listing agent must provide the agency relationship disclosure to the seller prior to securing the listing agreement.
2 of 10 - The principles of an agency relationship include all of these factors except which one?
Mutual consent
 
Authorization
 
Compensation
Fiduciary duties
You answered incorrectly
An agency relationship is not dependent upon compensation and may exist without compensation. It must, however, include mutual consent, authorization, and fiduciary duties.
3 of 10 - Which booklet is not part of the Combined Hazards Book?
The Residential Environmental Hazards Guide
Protect Your Family From Lead In Your Home
The Homeowners Guide to Earthquake Safety
 
Consumer Guide to Disclosure for Buyers
You answered correctly
4 of 10 - If an agent does not comply with the requirement of conducting a visual inspection of a property, how long after possession does the buyer have to file a suit?
6 months
12 months
 
24 months
36 months
You answered correctly
5 of 10 - Which disclosure is required by the Real Estate Settlement Procedures Act?
 
Good faith estimate
Rights regarding discrimination
Transfer of the loan collection
 
All of the above
You answered incorrectly
RESPA requires that borrowers receive a good faith estimate of closing costs within 3 days of loan application for federally-related loans. This disclosure is provided by the lender or mortgage broker.
6 of 10 - Which disclosure form gives detailed information about the property's condition?
 
Real Estate Transfer Disclosure Statement
Agency Disclosure
Natural Hazard Disclosure Statement
 
Mello-Roos Report
You answered incorrectly
The Real Estate Transfer Disclosure Statement includes information on items contained in the home and whether they are operational, significant defects or malfunctions in the home, and other items such as environmental hazards, alterations, easements, etc.
7 of 10 - Agent Paul is bound to inform his client of all facts that might affect the client's interests -- both what Paul knows and what he "should have known." Which of these situations would not be something Paul "should know"?
There is a crack in the basement wall.
 
The owner of the property is HIV positive.
The air conditioner does not work.
The casement windows have broken seals.
You answered correctly
8 of 10 - Which of the following types of agency is not allowed in California?
Dual agency
Buyer's agency
Single agency
 
Designated agency
You answered correctly
9 of 10 - Which of the following is not a fiduciary duty an agent owes to his or her principal?
Loyalty
Confidentiality
Accountability
 
Blind obedience
You answered correctly
10 of 10 - Timeshare buyers have the right to rescind a transaction within what timeframe after signing the purchase contract?
1 day
 
3 days
 
7 days
Never
You answered incorrectly
Purchasers of timeshares have an unqualified right of rescission which gives then 7 calendar days to rescind the purchase after receiving the public report or after signing the purchase agreement, whichever is later.

I want to
Update Delete List
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2083
Notice 부동산 용어 (A to Z) 2019.03.03 1335
171 Real Estate Law 101 2019.05.16 106
170 Real Estate Law 12 2019.05.05 106
169 Literature/journalism 2018.08.26 106
168 Real Estate Law 58 2019.05.11 105
167 Real Estate Law 48 2019.05.10 105
166 Real Estate Law 9 2019.05.05 105
165 Real Estate Practice -3 (Understanding-Answers) 2019.04.11 105
164 Real Estate Law 24 2019.05.07 104
163 Real Estate Law 20 2019.05.06 104
162 CHAPTER 1 file 2019.02.27 104
161 Real Estate Law 88 2019.05.15 103
160 Real Estate Law 83 2019.05.15 103
159 Real Estate Law 70 2019.05.13 103
158 Real Estate Law 67 2019.05.12 103
157 Real Estate Law 30 2019.05.07 103
156 CHAPTER 11 2019.03.06 103
155 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 102
154 Order of payments in foreclosure 2019.04.01 102
153 Chapter 14 Conclusion 2019.03.07 102
152 Real Estate Law 19 2019.05.06 101
151 Chapter(2) Overview 2019.02.28 101
150 accrued expenses 미지급비용 2019.05.15 100
149 Real Estate Law 74 2019.05.13 100
148 Real Estate Law 36 2019.05.08 100
147 Real Estate Law 43 2019.05.09 99
146 Real Estate Law 18 2019.05.06 99
145 TEST 22 2019.03.26 99
144 TEST 15 2019.03.07 99
143 Real Estate Law 85 2019.05.15 98
142 Real Estate Law 77 2019.05.13 98
Write Tag