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 illustrate the price at which the property won't sell.
B.   They determine approximately how long it will take the property to sell.
C.   They denote the property's competition.
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.   Busy street
D.   Color
Question #3
What does a CMA determine?
A.   Cost of replacement
B.   Cost per square foot
C.   Availability of funding
D.   Market price range
Question #4
When pricing a property, which of the following is a reason a licensee would consider expired listings?
A.   To determine the price at which a property won't sell
B.   To determine the property's competition
C.   To determine the price at which a property is most likely to sell
D.   To determine approximately how long it will take the home to sell

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