FL - Post Licenses 45 Course - Azure Questions and Answers verified by Expert | Updated
Question : Which statement is false about prospecting for
buyers? Prospecting for sellers is easier than prospecting for buyers.
Correct answer: Prospecting for sellers is easier than
prospecting for buyers.
Question : If a neighborhood has 160 homes and 12 homes
sold there last year, what is the turnover percentage?
Correct answer: 7.50%
Question : A good farm area includes all the following
except:
Correct answer: Less than 100 homes
Question : Martin joined a beach clean up group as a means to
prospect. Which of the following would not help him reach his prospecting goals?
Correct answer: Talking about real estate 100% of the time
with people in the group.
Question : People in a sphere of influence include
Correct answer: All the above
Question : Which statement is true?
Correct answer: Prospecting for buyers is normally easier
than prospecting for sellers.
Question : Which of the following is not the best professional
person to prospect?
Correct answer: Local real estate agent
Question : Sara held an open house, she can expect to find
Correct answer: All the above.
Question : Phone Prospecting steps include:
Correct answer: All the above.
Question : Which of the following is not a good source to find
a "For Sale By Owner?"
Correct answer: The Multiple Listing Service
Question : Lenders rely on the home as collateral for the
mortgage loan and require an appraisal to ensure the property value will cover the loan in the event the buyer defaults on the loan.
Correct answer: True
Question : When a real estate agent suggests a sales price for
a property they are estimating the value.
Correct answer: True
Question : Only active duty military service members can get
a VA loan.
Correct answer: False
Question : Once a buyer has filled out a Uniform Residential
Loan Application, the lender will check the buyer's credit by pulling the buyer's score from only one of the major credit bureaus
Correct answer: False
Question : A loan officer does a brief interview with your
buyer, but doesn't get copies of any documentation about their income, the loan officer may conclude that the buyer likely get a loan up to a certain amount and says they are "Pre- qualified."
Correct answer: True
Question : You have a buyer with a pending contract on a
house. Three weeks before closing he loses his job and the lender cancels his loan. You did your job and included a financing contingency in the contract. So, your buyer will get half of his earnest money back.