Real Estate Paper 2

1

Which of the following styles was NOT developed by the National Council of Real Estate Investment Fiduciaries (NCREIF) for analyzing direct real estate investing?






2

What style of real estate investing is characterized by being the most liquid, the most developed, the least leveraged, and the most recognizable?






3

Which of the following characteristics best describes PERE (private equity real estate) investments?






4

Possession of a current and valid license will be considered by a court






5

A sales associate gets a signed contract from a buyer and mails it to the seller. The seller has agreed to the terms and the escrow deposit is safely in the brokers escrow account. The sales associate has a disagreement with his broker and quits. The broker refuses to pay a commission because the sales associate was not in his employ when the contract was actually received and signed. The sales associate should






6

A licensee who has passed the brokers state examination, but desires to continue to operate under an owner-employer will be registered as a






7

A hardware store owner, who is neither a real estate licensee nor a licensed or certified appraiser, was appointed by the court to appraise another hardware store. The person can






8

In order to be a licensee member of the Florida Real Estate Commission, an individual must have been licensed a minimum of






9

Broker Bill has a listing contract to sell Janets condominium. A prospective buyer offers to pay $60,000, but refuses to give a binder deposit with the contract. Broker Bill should






10

A buyer gives a sales associate a binder check made out to him. The sales associate should






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