which statement about buyers is true?

A) measurable d) closing insurance. a) Assignment of a Contract_ b) Operation of Law c) Transfer Clause d) Execute Clause. a. industry bandwidth c) The broker finds out from the lender and tells the buyer how much to bring. The Residential Property Disclosure Report should be provided to buyers in a timely fashion. The rate of commission to be lawfully charged in a real estate transaction is set by: #12. a) Map coordinates b) Deed map c) Street address d) Survey map. d) Tim and Laura have not acted in good faith; so they cannot get their earnest money back. A) demographic variables Which of the following are reasons for business marketers to employ relationship marketing activities? In which situation would Sam not owe a commission to EX Realty? E) virtual solution. d) The contract will be valid after a five-day waiting period. All agents in the transaction should facilitate the timely delivery of the property disclosure report to the buyer. a) Amanda has illegally commingled the earnest money with her own money. a. Transactional exchanges Resources are allocated to their most efficient uses. A) macrosegmentation a. d) it may also restrict some uses. c) The apartment can be decontrolled. #14. 6) Broker Sara completes a preprinted sales contract. c) Interest is determined by a combination of fixed loans and outstanding loans. Trust c) Amanda must deposit the money in the Lawyers' Fund. c) A certificate issued by the property owner that indicates that the building is in proper condition to be occupied. A) individual 4) A contract that conveys an interest in real estate must. #5. According to the North Carolina Real Estate Commission, what should the broker do about the earnest money? D. The interest payment is always smaller then the amount allocated to the principal. 1) Buyer Bill has agreed to pay for a computer system after all hardware has been installed and operational. What is this law called? b) The buyer brings a blank check and finds out the final amount at the closing meeting. 1) Proof of ownership of a property is called what? a. invest resources to build operational linkages and information-sharing mechanisms for the relationship. 2) If a real estate agent prepares a sales contract and an attorney makes modifications to it, which statement is TRUE? #9. d) Interest is based on a selected economic indicator index. d. all of the above A(n) _____ represents the products, services, ideas, and solutions that a business marketer offers to advance the performance goals of the customer organization. a) require lower down payments than government-backed loans require. a) 10 percent b) 15 percent c) 20 percent d) 25 percent. C) differentiated Diff: 1 Its important that sellers realize that a counteroffer is actually a rejection of the original offer, and by submitting one, they are giving the buyers an easy out if they want one. An exclusive agency agreement differs from an exclusive right to sell agreement because under an exclusive agency agreement the firm is not paid if the seller finds a buyer on their own. 70) Which of the following best represents the chief advantage of pursuing a strategy of multiple segment specialization? The buyers have been pre-qualified by a lender. B) segment attractiveness C) situational factors D. Buyers must receive the completed disclosure report no later than the beginning of the due diligence period. Which of the following would likely NOT constitute a violation of the Sherman Antitrust Act? Present the $200,000 first and recommend rejection. #1. Hold both offers because he heard that a full-price offer is on its way. d. commission. D) differentiable c) will be a debit to the seller. AACSB: Reflective thinking. a. Transactional exchange 9) Which of the following statements about Gen Xers is TRUE? Sam Seller lists his property with EX Realty. Prior to being shown any house, the buyer tells Ricardo it is essential he have a fence erected around the backyard of any house he purchases. A) A segment is unattractive if the company's suppliers are unable to raise prices or reduce quantity supplied. d) require higher down payments than government-backed loans require. E) demographic variables, Answer: C B) selective specialization 3) Which statement best defines the concept of "quiet enjoyment? Each of their payments is for the same amount B. Trust Eventually Sam convinces a co-worker, Wanda Wish, to purchase his home. c) settlement statement. E) It treats all buyers the same and, therefore, lowers promotion costs. AACSB: Reflective thinking, 19) A marketer is interested in segmenting a business market based on technology and customer capabilities. ", a) A tenant's requirement to comply with contract obligations b) A landlord's obligation to provide the tenant with egress c) A landlord's obligation to provide the tenant with reasonable privacy and freedom from interference d) A tenant's requirement to allow access for inspections and repairs. b) void. Which part contains the product and service elements that all segment members value? AACSB: Reflective thinking. 3) Prospecting for buyers has a much lower return on output than prospecting for sellers. 10) Which of the following is an item that is not normally prorated? a) Receipt b) Buyer's Statement c) Purchase Offer d) An Agreement. b. 5) Mike signed a rental agreement for his friend Norm. a. A. this form must be provided to the purchaser by a seller who is selling his own property without the assistance from a real estate broker, B. in the event a seller does not provide the purchaser with this form by the date of the first offer, the transaction is automatically terminated by law, C. if the seller does not provide the purchaser with a copy of this form by the date of the offer, the buyer is automatically entitled to a refund of his earnest money deposit, D. this form is required to be provided by the seller in the sale of new construction that has been used as a model home but has not been occupied as a personal residence, this form must be provided to the purchaser by a seller who is selling his own property without the assistance from a real estate broker. a) Revolving Lease b) Wholesale Lease c) Index Lease d) Leading Indicator Lease. Diff: 2 A buyer with a 640 credit score and an 80% loan-to-value ratio will have a fee of 2.25%, while a buyer with a 740 score will have a fee of 0.875%. AACSB: Analytical thinking; Application of knowledge, 67) Marketers usually identify niches by ________. a) It invalidates certain oral contracts. H0:=.20H_0: \pi=.20H0:=.20 versus H1:.20,=.025,p=.28,n=100H_1: \pi \neq .20, \alpha=.025, p=.28, n=100H1:=.20,=.025,p=.28,n=100. 4) In which of the following types of loans is the payment allocated only to interest? B) differentiated Diff: 1 d. Margin analysis, Relationship efficacy 8) Money that the buyer or seller needs to pay at closing is called what? To sell to manufacturers, marketers need to understand important characteristics of those firms. E) segment "acid test", Answer: C 13) Al is seeking an FHA loan. Once an offer has been accepted, the agent should do all of the following except which? LO: 6.3: What are the different levels of market segmentation? At this point, assuming all other contract validity items are in order, what is the status of the offer? a) Fee for clearing the title b) Mortgage recording fee c) Homeowner's insurance d) Title search. The contract was not approved by the local Real Estate Board nor the Bar Association. A) hard-core loyals Anti-trust laws apply to activities between firms and their interaction. 12) Where on the Uniform Settlement Statement will you find the information that deals with the buyer's side of the transaction? Diff: 2 a) Left side of page 1 b) Right side of page 1 c) Top of page 2 d) Bottom of page 2, 1) The buyer's primary function at closing is to. LO: 6.3: What are the different levels of market segmentation? What does the phrase the law of agency is a common-law doctrine mean? 5) What is the purpose of the Statute of Frauds? Which of the following statements is TRUE? B) undifferentiated It is true, that the United States Housing Market can be "unpredictable, volatile and cyclical." I believe it is crucial to familiarize ourselves with the pa. Subprime Mortgage Crisis The Federal Reserve worried that low interest rates encouraged risky borrowers to own a home; therefore, interest rates rose from "1 percent to 5.25 percent". _____ illuminates exactly what activities are associated with serving a particular customer and how these activities are linked to revenues and the consumption of resources. d) Amanda has done nothing wrong. 6) Which contract element indicates a mutual agreement? a. relates to the longevity of the relationship between a buyer and seller The listing agreement is between the client and the firm. D) examining the demographics section of the handbook of marketing c) The maximum purchase price of the property cannot exceed $250,000. 1) Grant moves into his new office space while he awaits the completion of the negotiations of the lease terms. D) user status d. all of the above b. is created by interactions at the top levels of the two firms involved in a relationship Answer: A c) The Torrens title record is the title itself. b. Solidarity c. Transactional customers display less loyalty to a particular supplier and can easily switch part or all of their purchases from one vendor to another. a) Percentage b) Net c) Provisional d) Graduated. c. transactional During this interim period, Grant makes monthly rent payments and the owner accepts them. b) the gross national product. b) neither an instrument of conveyance nor contract. b) A borrower can get a conventional loan with a lower down payment by insuring the loan through private mortgage insurance. Once Ricardo knew the fence was a material issue to the buyer he was bound to take some action. 10 of 10 All of the following are true statements about goals except which one? LO: 6.3: What are the different levels of market segmentation? c. Relationship marketing This is called by what name? LO: 6.1: In what ways can a company divide a consumer or business market into segments? They have the right to review the completed settlement statement how long before closing? e. none of the above. a) legal. b. Value-added exchanges What is important for the sellers to know about a counteroffer? 2) Which mortgage clause requires the borrower to maintain the physical condition of the property? b) voidable and illegal contract. AACSB: Analytical thinking, 51) For a segment to meet the ________ criterion of usefulness, the marketer must be able to formulate effective programs for attracting and serving the segments. LO: 6.2: How should a company choose the most attractive target markets? a. A home's curb appeal is boosted by all of the following, except: a. mowing the lawn. 6) Buyers Jim and Jan are closing on a home later this month. b) There must be evidence that a structural inspection has shown no evidence of pest infestation.

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