Sales General Exam - Stringham Real Estate School Questions and Correct Answers | Latest Update
0 view 0 purchase
Course
Sales General
Institution
Sales General
A particular parcel was zoned residential, single family and was surrounded by others zoned
the same. That parcel was rezoned commercial so a convenience store could be built. This
is an example of:
a) Legal non-conforming use
b) Defeasible fee estate
c) Spot Zoning
d) Variance
-:- c) Spo...
Sales General Exam - Stringham Real Estate
School Questions and Correct Answers |
Latest Update
A particular parcel was zoned residential, single family and was surrounded by others zoned
the same. That parcel was rezoned commercial so a convenience store could be built. This
is an example of:
a) Legal non-conforming use
b) Defeasible fee estate
c) Spot Zoning
d) Variance
✓ -:- c) Spot Zoning
Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they
would have no representation and the buyers agreed in writing. When writing the offer, the
buyers asked Z what they should offer. Z responded, "Oh 93% of the listed price would be
good." Which most applies?
a) This would be a good suggestion for the agent to make.
b) This is ostensible agency between Z and the buyers
c) Z is properly representing the seller and obtaining an offer.
L agreed to carry a 2nd in the sale of the home. It was for $20,000, 9% interest, 30 years,
payment of $160.92 per month. However, it had a five year call when the buyer would pay
off the balance of $19,176. How would you describe this loan arrangement?
a) Fully amortized
b) Discounted
c) Wraparound
d) Partially amortized
✓ -:- d) Partially Amortized
An assessor is trying to determine the square footage of a property. He measures:
a) the outside dimensions.
b) the inside rooms including the closets.
c) inside, usable area.
d) the home, excluding hallways.
✓ -:- a) the outside dimensions
4|P a g e | G r a d e A + | 2 0 2 0 2 5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Latestupdate. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
