A comparable property has a patio, valued at $5,000. Two other comparables and the subject property lack this feature. What kind of adjustment needs to be made in the CMA? Add $5000 to the value of the subject and the two other comparables Subtract $5,000 from the subject and the two other comparables Subtract $5,000 from the value of the comparable with the patio Subtract $5,000 from the value of the subject A sales contract becomes enforceable when the buyer signs and the agent delivers the offer. an offer is made and accepted. the seller does not reject the offer before the expiration date. the seller accepts the offer at any time. If a lender's maximum loan-to-value ratio is 80%, how much would the lender finance on a $250,000 purchase? $50,000 $100,000 $200,000 $250,000 How much is a discount point? One percent of the amount of a loan. One-tenth of a percent of the amount of a loan. A percentage of a loan amount based on a discount rate. A percentage of a loan amount based on the lender's origination cost. An affiliate broker may only work in an office where a principal broker is engaged primarily in the real estate business. has no more than ten affiliates under his supervision. provides Errors and Omissions insurance for all employees. is accessible around the clock. Licensees are required to carry Errors and Omissions insurance to cover liability for licensed activities and/or may deposit $100,000 with the Commission in lieu of purchasing an insurance policy. must obtain the E&O insurance from an independent agent in Tennessee. may obtain the insurance independently as long as it meets or exceeds the coverage of the Commission's policy. must obtain the E&O insurance from the Commission. A comparable property has a patio, valued at $5,000. Two other comparables and the subject property lack this feature. What kind of adjustment needs to be made in the CMA? Add $5000 to the value of the subject and the two other comparables Subtract $5,000 from the subject and the two other comparables Subtract $5,000 from the value of the comparable with the patio Subtract $5,000 from the value of the subject A sales contract becomes enforceable when the buyer signs and the agent delivers the offer. an offer is made and accepted. the seller does not reject the offer before the expiration date. the seller accepts the offer at any time. If a lender's maximum loan-to-value ratio is 80%, how much would the lender finance on a $250,000 purchase? $50,000 $100,000 $200,000 $250,000 How much is a discount point? One percent of the amount of a loan. One-tenth of a percent of the amount of a loan. A percentage of a loan amount based on a discount rate. A percentage of a loan amount based on the lender's origination cost. An affiliate broker may only work in an office where a principal broker is engaged primarily in the real estate business. has no more than ten affiliates under his supervision. provides Errors and Omissions insurance for all employees. is accessible around the clock. Licensees are required to carry Errors and Omissions insurance to cover liability for licensed activities and/or may deposit $100,000 with the Commission in lieu of purchasing an insurance policy. must obtain the E&O insurance from an independent agent in Tennessee. may obtain the insurance independently as long as it meets or exceeds the coverage of the Commission's policy. must obtain the E&O insurance from the Commission
