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10 Cards in this Set
- Front
- Back
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Unless terms are specified, sellers are not obligated to pay a commission when they refuse a full price offer, unless: |
the offer is for all cash |
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To earn a commission guaranteed by a safety clause, the original listing broker must provide the seller with a list of prospective buyers who were shown or made offer on the property within: |
3 calendar days of expiration date of original listing |
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Under Section 10142 of the Real Estate Law, at the time the signature(s) is/are obtained, the agent is required to give his or her principal(s): |
copy of the listing agreement |
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The Natural Hazard Disclosure Statement is a form that requires the seller to disclose if his or her property is in: |
a. a special flood hazard area. b. a very high fire hazard severity zone. c. an earthquake fault zone. |
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A Home Warranty protects a buyer from roofing, plumbing and electrical failure for up to: |
Up to one year |
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A lead-based paint disclosure must be filled out for any property built before: |
1978 |
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Market value refers to the amount of cash (or cash equivalent) that is most likely to be paid for a property on a given date in a: |
fair and reasonable open market sale |
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In a CMA it’s important to only select properties that: |
that are comparable to the subject property |
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The comparative/market data approach is the most reliable expression of value because it represents the reactions of: |
informed buyers and sellers |
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handwritten instructions supercede preprinted instructions in a: |
listing agreement |
