stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Test Your Real Estate Knowledge Flashcards | StudBud
Explore
/
Test Your Real Estate Knowledge
Test Your Real Estate Knowledge
26 terms
·
StudBud Administration
·
18 plays
Mortgage - Real Estate
Flashcards
26 cards
F
Practice quiz
P
Host live
L
Questions
26
Answers
1
What is the name of FHA renovation loan product?
203k
205k
2
If your client has private mortgage insurance and they can’t make the payment, they will make it for them?
False
True
3
If you are marketing someone else's listing are you required to put "Courtesy of BROKERAGE NAME"?
No
Yes
4
Agency disclosure,Market ConditionsAdvisory, BuyerAdvisory,Wire Fraud Advisory,should never be referenced as an addendum
False
True
5
If you have a referral in Prescott who's the Team to Call?
Prescott Premier Agent To Agent Referral Network
Prescott Premier Agent To Agent Referral Network
Prescott Premier Agent To Agent Referral Network
Prescott Premier Agent To Agent Referral Network
6
What effect will a lower interest rate have on real estate sales?
Real estate sales are not affected by interest rates
Real estate sales will increase.
Real estate sales will decrease.
7
At what age can you start investing in real estate?
21
18
15
any age
8
Does the Brokerage logo need to be prominent on all signs and marketing?
Yes
No
9
Does the federal reserve control mortgage rates?
False
True
10
What is a BBEA?
BUYER BROKER EMPLOYMENT EXCLUSIVE AGREEMENT
BROKER BUYER EMPLOYMENT EXCLUSIVE AGREEMENT
BUYER BROKER EXCLUSIVE EMPLOYMENT AGREEMENT
11
How many changes were made to the new real estate contract?
5
3
4
1
12
How can you submit a client referral to Prescott Premier Agent To Agent Referral Network?
All of the above
Text or Call 928.227.3018
Website
Mobile App - Download by Text Prescott to 77948
13
How many days do you have to upload docs into skyslope?
1
5
10
30
14
How long does a pre-approval last?
60
Depends on the lender
30 days
90 days
15
Title to real estate can be transferred upon death by what type of document?
will
quitclaim deed
special warranty deed
warranty deed
16
How old can your engineers certification be?
6 months
1 months
Depends on the lender
1 year
17
Do you need to add the buyer broker fee to the closing disclosure in order to get paid?
Yes
No
18
What level of education does a real estate sales agent need?
Bachelor's
High school diploma or equivalent
Master's
Associate's
19
The value of real estate above any debt on that property is?
appraised
balance
equity
a lean
20
When should a BBEEA be signed?
When you write the offer
Don't know
Before closing
Prior to writing and singing offer docs
21
The term used to describe a professional estimate or opinion on the value of real estate is:
Price
Estimation
Evalulation
Appraisal
22
If you have excess seller concessions, can you buy down the rate for your buyer?
No
Yes
23
When should you discuss the Agency?
When you write an offer
After you wrote the offer but before closing
During the first Conversation
24
Which process comes first in real estate?
acceptance
inspection
25
If you want to make concessions in commissions what must you do?
It must be in writing and agreed upon between brokers to pay/recieve less
Just chat about it
26
ABC is shorthand for this aggressive real estate mantra about forever sealing the deal
Always Be Cool
Always Be Closing