D) switchers a) tells all parties that the preprinted forms have been approved by an attorney. Paul is most likely holding what kind of loan? c) The maximum purchase price of the property cannot exceed $250,000. A continuing dialogue with customers. The seller has no reasonable basis for refusing to allow the broker to return the earnest money to the buyer who cancelled within their due diligence period. AACSB: Reflective thinking, 64) In ________ marketing, the firm ignores segment differences and goes after the whole market with one offer. 4) RESPA gives the buyer the right to review the completed settlement statement how long before closing? a. AACSB: Analytical thinking, 51) For a segment to meet the ________ criterion of usefulness, the marketer must be able to formulate effective programs for attracting and serving the segments. D) operating variables a) Use provisions b) Demising clause c) Description of premises d) Alienation clause. c. Relationship marketing 2) According to contract law, every valid contract is also what? Which of the following is TRUE? c) The landlord leases the ground floor of the building to a commercial tenant. #1. The incidence of a tax is determined by which group (buyers or sellers) must write the check to the government. d) Wait a statutory period before they may take legal action. A) dividing a segment into subsegments ", a) A tenant's requirement to comply with contract obligations b) A landlord's obligation to provide the tenant with egress c) A landlord's obligation to provide the tenant with reasonable privacy and freedom from interference d) A tenant's requirement to allow access for inspections and repairs. What type of lease did Jim sign? Hurricane Inc. purchased a portfolio of available-for-sale securities in 2014, its first year of C) accessible c) It is forbidden under any circumstances. Diff: 3 Over 300 California Real Estate Practice Exam questions to pass Tests! b) Select a specific, limited course of action for recouping their losses. If the buyer rejects the first counteroffer, the seller can accept the first offer. b) It could be a violation of state licensing laws. Newlyweds are an example of a(n) ________ segment. 8) Landlord Frank terminated Jerry's lease because gross sales did not meet expectations. c. The supply of goods is sold by the sellers with the lowest costs. b) All parties to the contact must initial the changes. Prior to being shown any house, the buyer tells Ricardo it is essential he have a fence erected around the backyard of any house he purchases. What type of lease does Jim have? Ben and Blanche receive a $200,000 offer on their home which is listed at $208,000. 3) How might a voidable contract become valid? d. the cost of serving established customers usually increases. These would be examples of what is called ________. b) will be a credit to the buyer. 9) Which of the following is a characteristic of land leases? How would Grant_s lease at this time be classified? 9) PMI loans made after July 1999 are now regulated by Federal law. A) A segment is unattractive if the company's suppliers are unable to raise prices or reduce quantity supplied. They can accept it outright, reject it totally, or submit a counteroffer. E) benefits, Answer: D A) marketer resources a. C. Once you set a goal you should never change it. a) Accounts Payable b) Summary Balance c) Accounts Receivables d) Impound AccountD. LO: 6.2: How should a company choose the most attractive target markets? a) Gross b) Periodic c) Net d) Graduated. c) is not a binding contract upon agreement. b. technical a) Interest is based on a yearly prorated amount on the remaining principal. D) market specialization When presenting information about the buyers to the sellers, which piece of information might not be useful in helping the sellers make a decision? D) segmented d) a document that conveys legal title. Answer: B 2) Prospecting for sellers is easier than prospecting for buyers. _____ illuminates exactly what activities are associated with serving a particular customer and how these activities are linked to revenues and the consumption of resources. a) Sara cannot legally fill out this contract. Buyer purchases the house and later learns that he cannot erect a fence. Which of these statements about counteroffers is not true? The owner told the broker during the listing negotiations that he wanted $138,000 for the property, and anything above that amount the broker could keep as commission. C) consumer maturity a) It represents a "meeting of the minds.". \text { Tsunami Corp. } & 1,250 & 31,250 & 35,000 \\ e. Interfirm cooperation. a) Open b) Balloon c) Fully Amortized d) Retraced. 5) What is one important difference between a sublease and a lease assignment? Buyers hire an agent to help them purchase a home and want seller financing because they filed for bankruptcy two years ago. d) accrued expenses. Diff: 2 Answer: A 4) What form does RESPA require to be used for itemizing closing costs? b) title insurance. A The buyer has the right to inspect the goods only if the buyer purchases them on layaway. a) include a title closing entity. d) no money down. A) hard-core loyals This action is based on which mortgage feature? Present the $200,000 first and recommend rejection. Unit quiz 10 Flashcards by Ron Jeremy | Brainscape AACSB: Analytical thinking, 12) Dennis requests his father to buy him a PlayStation for his birthday. 5) What is the interest rate on an ARM tied to? Transactional exchange features very close: On-going transactions in the business market where the customer and the supplier focus only on the timely exchange of standard products at competitive prices could be described as: There is a gravitational pull that moves buyers toward the transactional side of the exchange spectrum because: _____ reflect(s) the degree to which the systems, procedures, and routines of the buying and selling firms have been connected to facilitate operations. real estate class Flashcards | Chegg.com b. Transactional and collaborative relationships d) Mark can be evicted. It is part of a body of law established by tradition and court decisions a) This action is perfectly legal in New York. One offer is for $208,000; the other is for $200,000. #12. a) both an instrument of conveyance and a contract.
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