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

Need help with your exam preparation?

Existing Quiz Clients Login here
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 illustrate the price at which the property won't sell.
D.   They help determine the price at which the property is most likely to 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.   Demographics
B.   Interest rates
C.   Color
D.   Busy street
Question #3
What does a CMA determine?
A.   Availability of funding
B.   Cost per square foot
C.   Market price range
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 is most likely to sell
C.   To determine the property's competition
D.   To determine the price at which a property won't sell

Need help with your exam preparation?

Existing Quiz Clients Login here