CA Real Estate Principles Course » 2021 » Section 12 Unit 1 Exam

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Question #1
Jan is a real estate licensee gathering information to help her seller determine a good listing price. How could expired listings help her in this process?
A.   They determine approximately how long it will take the property to sell.
B.   They denote the property's competition.
C.   They help determine the price at which the property is most likely to sell.
D.   They illustrate the price at which the property won't sell.
Question #2
Which of the following features is most likely to be the cause of an adjustment to a comparable when preparing a CMA?
A.   Busy street
B.   Interest rates
C.   Color
D.   Demographics
Question #3
What does a CMA determine?
A.   Cost per square foot
B.   Market price range
C.   Availability of funding
D.   Cost of replacement
Question #4
When pricing a property, which of the following is a reason a licensee would consider expired listings?
A.   To determine approximately how long it will take the home to sell
B.   To determine the price at which a property won't sell
C.   To determine the price at which a property is most likely to sell
D.   To determine the property's competition

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