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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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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  Payments on loan principal
B  Interest payments
C  Interest payments and Payments on loan principal
D  Property taxes
Question #2
Because they are “asking prices” in most cases, listings:
A  set a ceiling on market value.
B  are lower than market value.
C  are always grossly inflated.
D  none of the above.
Question #3
What is NOT an example of functional obsolescence?
A  Out-dated kitchen
B  Hole in the roof
C  Massive cornices
D  One-car garage
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  Cost approach
B  Income approach
C  Market data approach
D  Cost and Income approach
Question #6
The capitalization rate is a:
A  return “on” investment.
B  none of the answers are correct.
C  return “of” investment.
D  return “on” and “of” investment.
Question #7
Which of the following is TRUE concerning fee appraisers?
A  They are self-employed
B  None of the answers are correct
C  They don’t charge a fee
D  They are mortgage company employees
Question #8
Which type of depreciation is always incurable, meaning nothing can be done?
A  Physical deterioration
B  Economic obsolescence
C  Physical deterioration and Functional obsolescence
D  Functional obsolescence
Question #9
Which of the following is an example of economic obsolescence?
A  Wear and tear on the load bearing members
B  Eccentric design
C  Peeling paint
D  Rundown neighborhood
Question #10
A quick way to convert gross income into the approximate value is to use a:
A  mortgage calculator and gross comparable multiplier.
B  gross comparable multiplier.
C  gross rent 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  Capitalization approach
B  Correlation approach
C  Comparative approach
D  Cost approach
Question #12
The replacement cost approach to appraisal is best used for:
A  raw land.
B  apartments.
C  new construction.
D  single-family dwellings.
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 Substitution
D  Principle of Conformity.
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  functional obsolescence.
B  income obsolescence.
C  economic obsolescence.
D  physical deterioration.
Question #16
Which appraisal method measures the present worth of future benefits?
A  Income approach
B  Cost Approach
C  Market data approach
D  Market data approach and Cost Approach
Question #17
Which of the following is NOT a type of depreciation?
A  Economic
B  Functional
C  Physical
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  none of the answers are correct.
B  comparative approach.
C  income approach.
D  cost approach.
Question #19
The market data method (comparative approach) is best used for:
A  vacant land.
B  houses, condominiums, and vacant land.
C  condominiums.
D  houses.
Question #20
Depreciation can be:
A  loss in value due to any cause.
B  curable, incurable, and loss in value due to any cause.
C  incurable.
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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