99. What was the purpose of President Biden’s HUD-led task force, Property Appraisal and Valuation Equity (PAVE)?a. Evaluate the causes, extent, and consequences of appraisal bias. b. Establish new appraisal standards.c. Create a new appraisal measurement system.d. None of the answers are correct.
Read Details100. With what type of commission plan does a broker not charge a fee, but a commission based on a percentage of the selling price? a. Straight commission planb. 100% commission planc. Negative commission pland. None of the answers are correct
Read Details45. Which of the following is true concerning the Transfer Disclosure Statement (TDS)? a. It must be provided to prospective buyers by sellers of one- to four-residential units.b. A buyer has two years to sue an agent and seller for failure to make proper disclosures.c. The listing agent is not legally allowed to complete the entire statement.d. All answers are correct.
Read Details94. The amount of commission payable to a real estate broker is ordinarily based on: a. statutory limitations.b. rules and regulations of the DRE and the FBI.c. a secret formula known only to the Real Estate Commissioner.d. agreement of the parties.
Read Details37. The purpose of an electronic lockbox is to: a. store keys to the property for agent access.b. store sensitive documents in broker’s office.c. protect “for sale” signs from being tampered with. d. none of the answers are correct.
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