Vue Her
Ch. 12
True or False
1. Listing broke is a broke who has entered into an agency
agreement to market and sell property on behalf of its owner.
True or False
2. Exclusive right to sell relationship is the most common
listing or brokerage agency relationship.
3. Which agency grants the broker the right to collect a
commission if the property is sold during the listing period unless the owner
brings the buyer to the transaction?
A)
Special Agency
B) Dual
Agency
C)
Exclusive Agency
D) Limited
Agency
4. A broker who brings the buyer to the transaction and the
broker may or may not actually represent the buyer.
A)
Selling Broker
B)
Listing Broker
C)
Cooperating Broker
D)Buyer's
Broker
5.Which member of the following is NOT a part of the
Developer's team:
A) Subcontractors
B)Engineers
C)Contractors
D)
Architects
6.What common type of scheduling tool is used in real estate
construction?
A) Gantt
Chart
B) P6 Primavera
C)Microsoft
Excel
D)Microsoft
Project
True or False
7. Market Value is value in use originates from the worth or
utility that a property has for a particular individual who uses it.
True or False
8. Value in Exchange is a value in exchange concept
generally analogous to market value, it is the most likely transaction price
for a parcel of real estate when market conditions are unremarkable.
1. T 2.T 3.C 4.A
5.A 6.A 7.F
8.F
Ch. 11
True or False
1.Building code is a minimum required construction standard
used to protect the health and safety of the public.
True or False
2.Mandatory Dedication is the act of a developer yielding
ownership of land and improvements to a local municipality.
True or False
3.Assessed Value = Ad Valorem Vale x Assessment Ratio
True or False
4. Ad Valorem Value is the assessor's estimated of a
property's market value for taxation purpose.
True or False
5. Special Assessment is an additional tax on a specific
property, typical for a service or infrastructure improvement that benefits
just one property owner or a defined group of property owners.
6. The assessed value after all applicable exemptions and
also used to calculate taxes owed.
A)Tax
Digest
B) Tax
exempt Property
C)Tax
Rate
D)
Taxable Value
7.An appeal to court for zoning relief by a property owner
after administrative, legislative, or both types of relief have been denied.
A)Judicial
Change
B)Assessment
Appeal
C)Mass
Valuation
D)Legislative
Change
8. A reduction in a property's assessed value for a specific
groups of residents, resulting in a reduction in the property tax liability.
A)Dedication
B)Exemption
C)Grandfathered
use
D)Homestead
Exemption
1. T 2.F 3.T 4.T
5.T 6.D 7.A
8.B
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