1-

What is the best example of a site in search of a use?

Group of answer choices

A hotel developer has been searching for land for a new Hampton Inn.

Walmart wants to build a new store in a growing county outside Columbus, OH.

A carwash company gets an opportunity to acquire a prime corner in Avon, IN.

A developer owns ground at 106th & I-69 and considers proposals from several potential users.

2-

What is a typical reason property managers are employed?

Group of answer choices

To make high-level financing and acquisition decisions

To oversee a portfolio of properties for an investor

To manage corporate real estate decisions

To market the property for lease and screen potential new tenants

3-

What is a typical reason asset managers are employed?

Group of answer choices

To manage the leasing and marketing of one or more properties

To maintain communication between the landlord and the tenant

To manage corporate real estate decisions

To oversee day-to-day operations at a property

4-

Legal descriptions are an important part of deeds because they report the consideration for the deed transfer.

Group of answer choices

True

False

5-

Broker A listed Seller B's house for sale. She is approached by Buyer C about purchasing Seller B's house. Broker A will represent both Seller B and Buyer C. What kind of agency does she have?

Group of answer choices

Dual

Special

Universal

General

PreviousNext

6-

What is NOT an example of a fiduciary responsibility of a broker?

Group of answer choices

Selling a property during the period of the listing contract

Telling the seller what the proceeds of a potential sale will be

Telling a seller about an offer that you know the seller will reject

Seeking the best deal for the buyer you represent

7-

Under an exclusive right of sale listing, the seller must compensate the broker even if the property does not sell during the listing contract period.

Group of answer choices?

True

False

8-

Which of the following is NOT an example of a requirement for a legally binding real estate contract?

Group of answer choices

The buyer and seller have agreed to exchange properties of equal value as consideration..

The buyer determines that the seller has not misrepresented the property he owns.

A married couple have both agreed to list their home for sale.

The seller and buyer are both over 18.

9-

The buyer made a verbal offer, which the seller verbally agreed to, making it a legally binding contract.?

Group of answer choices

True

False

11-

What is the best example of a site in search of a use?

Group of answer choices

A hotel developer has been searching for land for a new Hampton Inn.

Walmart wants to build a new store in a growing county outside Columbus, OH.

A carwash company gets an opportunity to acquire a prime corner in Avon, IN.

A developer owns ground at 106th & I-69 and considers proposals from several potential users.

12-

What is a typical reason property managers are employed?

Group of answer choices

To make high-level financing and acquisition decisions

To oversee a portfolio of properties for an investor

To manage corporate real estate decisions

To market the property for lease and screen potential new tenants

13-

What is a typical reason asset managers are employed?

Group of answer choices

To manage the leasing and marketing of one or more properties

To maintain communication between the landlord and the tenant

To manage corporate real estate decisions

To oversee day-to-day operations at a property

14-Legal descriptions are an important part of deeds because they report the consideration for the deed transfer.

Group of answer choices

True

False