What should a customer receive to make him or her fully aware of what is going on in a transaction, such as the condition of the property and who the licensee is representing?
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92 of 100 – Grace sold her property. She had already paid the property taxes for the year. The closing date was October 1; however, the contract allowed Grace to continue to occupy the property until the end ...
Johnson Bailey and Kailey Clark’s corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, ...
Jenny’s home appraised for $550,000. Her asking price was $560,000 and the property sold for $575,000. What will the new owners pay in property taxes? $5,500 the first year, plus a maximum 2% increase in market value ...
Broker Alice needs to prepare an ad for a pre-owned mobile home. Which statement is not true? Alice cannot advertise the mobile home as new. She cannot say “No down payment” if one is required. Alice will ...
Captain Canguro’s father was a teetotaler to the nth degree; so Canguro was not surprised when his father said he would sell Canguro one of the three properties he owned, provided that Canguro followed the condition set ...
Stockton broker Dustin Giles has been asked by super-cautious sellers Frank and Carole Bellacera to find out the comparable sales for a seller’s property, since that seller isn’t sure at which price to list his property. When ...