11. What must a landlord do before commencing a lawsuit for actual eviction?

A. Contract with a company to forcibly remove the tenant and possessions

B- Obtain a judgment from the court

c. Serve notice on the tenant

D- Notify the sheriff

12. A house has been on the market for several months because most buyers do not want to walk through the master bedroom to reach another bedroom in the back. This floor plan is an example of

A. regression

B. economic obsolescence

C. functional obsolescence

D. physical deterioration

13. When appraising a new home in which no one has ever lived, an appraiser will likely use the

A. Cost approach

B. BPO

C.GRM

D. income approach

14. An owner listed her home for sale with a broker. When the owner sold the home herself, she did not owe anyone a commission. Based on these facts, what type of listing did the broker and the owner most likely sign?

A. Multiple listing

B- Net listing

C. Open listing

D- Exclusive-right-to-sell listing

15. The person who prepares a certi?cate of title is the

A. seller

B. abstractor

O. buyer

D. broker

16. Avoiding loses due to tenant tum around time would include all of the following EXCEPT

A. do any needed outside painting while the present tenant is in place

B. start advertising a couple of months before the present lease expires

C. remind the present tenant of the precise date that their lease ends.

D. tell the tenant they can live in the apartment until the new tenant arrives.

17. An arrangement to sell one product only if the buyer purchases another product as well is called

A. a fee-for-service

B- a tie-in agreement

C. a buydown provision

D- an allocation of customers

18. Additional conditions that must be satis?ed before a sales contract is fully enforced are called

A binders.

B- Addenda.

C. amendments.

D- Contingencies.

19. A seller accepted all of the terms that the buyer offered, making only one small change in the amount of the earnest money. At the moment, these agreements constitute

A. an acceptance

B- A counteroffer

C. an offer

D- an executed contract

20. Assuming that all of the transactions are federally related, which of these properties could only be appraised by a state licensed or certi?ed General appraiser?

A. The commercial property valued over $1 million in a refinance

B. A residential property valued at over 1 million dollars.

C. A condominium unit with a sale price of $67,850

D. The residential property valued at $262,500

This is Fin real estate