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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 always grossly inflated.
C  are lower than market value.
D  none of the above.
Question #3
What is NOT an example of functional obsolescence?
A  Massive cornices
B  Out-dated kitchen
C  Hole in the roof
D  One-car garage
Question #4
In the income approach, the Net Income divided by the Capitalization Rate equals:
A  interest rates and expenses.
B  expenses.
C  interest rates.
D  market value.
Question #5
Which appraisal method uses the principle of substitution?
A  Cost and Income approach
B  Income approach
C  Cost approach
D  Market data approach
Question #6
The capitalization rate is a:
A  return “on” investment.
B  return “of” investment.
C  return “on” and “of” investment.
D  none of the answers are correct.
Question #7
Which of the following is TRUE concerning fee appraisers?
A  They are self-employed
B  They are mortgage company employees
C  They don’t charge a fee
D  None of the answers are correct
Question #8
Which type of depreciation is always incurable, meaning nothing can be done?
A  Physical deterioration
B  Functional obsolescence
C  Physical deterioration and Functional obsolescence
D  Economic obsolescence
Question #9
Which of the following is an example of economic obsolescence?
A  Peeling paint
B  Rundown neighborhood
C  Eccentric design
D  Wear and tear on the load bearing members
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  mortgage calculator.
D  gross comparable multiplier.
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  Cost approach
D  Comparative approach
Question #12
The replacement cost approach to appraisal is best used for:
A  new construction.
B  raw land.
C  apartments.
D  single-family dwellings.
Question #13
What principle does the “market data approach” use to compare similar properties?
A  Principle of Substitution
B  Principle of Value
C  Principle of Conformity.
D  Principle of Location
Question #14
Another term for the income approach is:
A  correlation approach.
B  replacement approach.
C  capitalization approach.
D  appropriation method.
Question #15
Loss of value due to outmoded style or non-usable space is called:
A  economic obsolescence.
B  functional obsolescence.
C  income obsolescence.
D  physical deterioration.
Question #16
Which appraisal method measures the present worth of future benefits?
A  Cost Approach
B  Market data approach
C  Market data approach and Cost Approach
D  Income approach
Question #17
Which of the following is NOT a type of depreciation?
A  Economic
B  Physical
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  cost approach.
B  comparative approach.
C  none of the answers are correct.
D  income approach.
Question #19
The market data method (comparative approach) is best used for:
A  vacant land.
B  houses, condominiums, and vacant land.
C  houses.
D  condominiums.
Question #20
Depreciation can be:
A  loss in value due to any cause.
B  curable.
C  incurable.
D  curable, incurable, and loss in value due to any cause.
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Linda
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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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