COMPASS SALES ASSOCIATE POST-LICENSING FINAL EXAM II OLD

A $200,000 interest only loan has an annual interest rate of 8%. What is the monthly interest payment?

The determinants of value are utility, scarcity, purchasing power and ____.

What is market equilibrium?

What is the amount of available property that becomes occupied over a period of time?

Which of the following is a property selection characteristic office users are concerned with?

If demand decreases relative to supply, prices _______.

The rules passed by the FREC are contained in

A loan clause that gives a lender the option to accelerate a loan if the buyer conveys the property to another party is called the ___________.

If the seller is a foreign person, the buyer must withhold _____ of the purchase price at closing and forward the withheld amount to the IRS.

Typically, a seller conveys a(n) _______ interest by means of a general warranty deed.

If a seller defaults in a contract, the buyer can sue for ________ to compel the seller to transfer legal title upon payment of the contract price.

When is a contract executory?

Which law protects consumers from a developer’s misrepresentation of material facts about a property being purchased sight unseen through means of interstate commerce or the mail?

Which of the following is the term for the practice of inducing owners in an area to sell or rent in order to avoid impending change in the ethnic makeup of the neighborhood?