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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Chapter 12 Quiz

Navigation   » List of Schools  »  Glendale Community College  »  Real Estate  »  Real Estate 101 – Real Estate Principles  »  Fall 2021  »  Chapter 12 Quiz

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Below are the questions for the exam with the choices of answers:

Question #1
Which of the following would be considered operating expenses to be subtracted from the gross income of a property when determining its value through the income capitalization approach?
A  Interest payments
B  Property taxes
C  Payments on loan principal
D  Interest payments and Payments on loan principal
Question #2
Because they are “asking prices” in most cases, listings:
A  are always grossly inflated.
B  set a ceiling on market value.
C  are lower than market value.
D  none of the above.
Question #3
What is NOT an example of functional obsolescence?
A  Hole in the roof
B  One-car garage
C  Massive cornices
D  Out-dated kitchen
Question #4
In the income approach, the Net Income divided by the Capitalization Rate equals:
A  market value.
B  expenses.
C  interest rates.
D  interest rates and expenses.
Question #5
Which appraisal method uses the principle of substitution?
A  Market data approach
B  Cost approach
C  Cost and Income approach
D  Income approach
Question #6
The capitalization rate is a:
A  none of the answers are correct.
B  return “of” investment.
C  return “on” investment.
D  return “on” and “of” investment.
Question #7
Which of the following is TRUE concerning fee appraisers?
A  They are self-employed
B  They are mortgage company employees
C  None of the answers are correct
D  They don’t charge a fee
Question #8
Which type of depreciation is always incurable, meaning nothing can be done?
A  Functional obsolescence
B  Physical deterioration
C  Physical deterioration and Functional obsolescence
D  Economic obsolescence
Question #9
Which of the following is an example of economic obsolescence?
A  Wear and tear on the load bearing members
B  Rundown neighborhood
C  Peeling paint
D  Eccentric design
Question #10
A quick way to convert gross income into the approximate value is to use a:
A  gross rent multiplier.
B  mortgage calculator and gross comparable multiplier.
C  gross comparable multiplier.
D  mortgage calculator.
Question #11
Which of the following is NOT one of the three methods to determine the value of real property?
A  Correlation approach
B  Cost approach
C  Comparative approach
D  Capitalization approach
Question #12
The replacement cost approach to appraisal is best used for:
A  raw land.
B  single-family dwellings.
C  new construction.
D  apartments.
Question #13
What principle does the “market data approach” use to compare similar properties?
A  Principle of Value
B  Principle of Location
C  Principle of Conformity.
D  Principle of Substitution
Question #14
Another term for the income approach is:
A  appropriation method.
B  replacement approach.
C  correlation approach.
D  capitalization approach.
Question #15
Loss of value due to outmoded style or non-usable space is called:
A  economic obsolescence.
B  physical deterioration.
C  functional obsolescence.
D  income obsolescence.
Question #16
Which appraisal method measures the present worth of future benefits?
A  Cost Approach
B  Market data approach and Cost Approach
C  Market data approach
D  Income approach
Question #17
Which of the following is NOT a type of depreciation?
A  Physical
B  Economic
C  Functional
D  Political
Question #18
The approach that takes the current selling prices of similar properties and adjusts these prices for any differences is called the:
A  comparative approach.
B  income approach.
C  cost approach.
D  none of the answers are correct.
Question #19
The market data method (comparative approach) is best used for:
A  houses.
B  vacant land.
C  houses, condominiums, and vacant land.
D  condominiums.
Question #20
Depreciation can be:
A  incurable.
B  curable, incurable, and loss in value due to any cause.
C  loss in value due to any cause.
D  curable.
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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