which statement about buyers is true?

a) A certificate issued by a local building department that indicates that the building is in proper condition to be occupied. a. The agent is A) required to disclose the information because it is a material fact important to the seller. d. All of the above. b) every three years. a) This action is perfectly legal in New York. Regardless of how the seller completes the form, the licensee has a duty to disclose all material facts so the liability rests with the listing agent. b) The apartment can be converted to a rent-controlled apartment. c) will be a debit to the seller. a) The lender calculates what's owed and tells the buyer what to bring. 6) Buyers Jim and Jan are closing on a home later this month. LO: 6.3: What are the different levels of market segmentation? c. Delivery reliability. a) All parties to the contact must sign the changes. b) credits to the seller. AACSB: Analytical thinking, 20) A marketer is interested in segmenting a business market on ________ if the marketer's variables are loyalty and attitudes toward risk. For transactional customers, the salesperson should center primary attention on the purchasing staff. The buyers love the landscaping improvements the sellers have made. a. see that operational linkages are designed into the relationship to keep product and service offerings aligned with customer needs. c) A notary must sign and stamp the changes. a) Fire b) Flood c) Theft d) Explosion. c) allows for contract approval by a third party lawyer hired by the broker. a) It is common business practice. a) Prior deed b) Copy of property tax bill c) Prior title insurance policy d) Seller's credit report. c. an arm's length transaction. LO: 6.1: In what ways can a company divide a consumer or business market into segments? E) virtual solution. A buyer with a 640 credit score and an 80% loan-to-value ratio will have a fee of 2.25%, while a buyer with a 740 score will have a fee of 0.875%. a) Preservation and Maintenance of Property b) Property Inspection Report c) Property Order d) Borrower's Duties. Diff: 2 a) for a buyer who plans to own the property for a short time and believes the property will appreciate during that time. The rate of commission to be lawfully charged in a real estate transaction is set by: #12. d) It can be created only by an attorney. a) Mortgage Company b) Local HUD Office c) Savings and Loan Association d) Commercial Bank. d. A strategic alliance. 5) Jim has a loan where the entire payment amount goes to the interest owed? a) Map coordinates b) Deed map c) Street address d) Survey map. a) Gross b) Periodic c) Net d) Graduated. D) segment positioning 2) Prospecting for sellers is easier than prospecting for buyers. AACSB: Reflective thinking, 45) If an organization's marketing department wants to create "segment storyboards" to test the attractiveness of each segment's positioning strategy, it would most likely occur in the ________ step of the segmentation process. b. Value-added exchanges a) Executory b) Lateral c) Executed d) Open Option, 2) A patron at a restaurant is agreeing to a(n). a) every four years. a. A company reports pretax accounting income of $10 million, but because of a single temporary difference, taxable income is only$7 million. 5) Which aspect of a contract deals with when a tenant takes possession of the property? b) contain default penalties. 1) What is the seller's primary function at closing? d) were paid in advance. Unit quiz 11 Flashcards by Ron Jeremy | Brainscape B) segment identification 3) Recording the deed is done through which of these? a. Value can be defined as the _____ benefits received by a customer firm in exchange for the price paid for a product offering. a) Fee for clearing the title b) Mortgage recording fee c) Homeowner's insurance d) Title search. a) Two calendar days b) One business week c) One calendar week d) One business day, a) Buyer b) Seller c) The buyer and the lender d) The buyer and the seller. C. Ricardo & listing agent = seller sub-agent, they have no duty to determine if fences are permitted. D) market specialization Prior to being shown any house, the buyer tells Ricardo it is essential he have a fence erected around the backyard of any house he purchases. A) measurable E) operating variables, Answer: E 1. C) situational factors _____ illuminates exactly what activities are associated with serving a particular customer and how these activities are linked to revenues and the consumption of resources. 8) What is used to seal a binder agreement? Which part contains the product and service elements that all segment members value? 5) What is the interest rate on an ARM tied to? LO: 6.1: In what ways can a company divide a consumer or business market into segments? Marketing Management chapter 1 practice test Flashcards - Easy Notecards a) Right of Redemption b) Right to Rescind c) Right to Deed Access d) Right of Remainder. a) Estate at will b) Estate for time c) Estate for years d) Estate at sovereignty. c) The contract becomes unenforceable. E) full market coverage, Answer: A The real estate broker's fiduciary responsibility to keep the principal informed of all facts, including property condition and issues that affect a seller's willingness to sell and a buyer's willingness to buy, is the duty of: A. skill, care and diligence B. disclosure C. obedience D. accounting disclosure Click here to study/print these flashcards, Additional Real Estate & Planning Flashcards. d) A certificate issued by the mortgage holder that indicates that the building is in proper condition to be occupied. Which of the following is true regarding the Residential Property and Owner's Association Disclosure Statement? E) gatekeeper, Answer: A 6) Broker Amanda prepares a sales contract, collects the earnest money and deposits it in her business account. A. The open exchange of information is a characteristic of ____ relationships. Customers emphasize a collaborative orientation when the purchase decision is not complex. Which of the following statements is true of obtaining commitment from a buyer? d. Neither (a) nor (b) is true. E) Step 7-marketing-mix strategy, Answer: D a. invest resources to build operational linkages and information-sharing mechanisms for the relationship. C) situational factors a) Revolving Lease b) Wholesale Lease c) Index Lease d) Leading Indicator Lease. a) The lender calculates what the buyer owes and then tells the sellers what they will receive. c) The maximum purchase price of the property cannot exceed $250,000. LO: 6.3: What are the different levels of market segmentation? d. Collaborative exchanges. When does a purchase offer become a legal contract? Diff: 1 #1. Diff: 2 a) deliver the title. a) Title company b) Attorney's office c) Lender's site d) Broker's office, a) Second mortgage on a condominium b) Seller-financed loan c) Hotel mortgage d) Loan assumption, 5) Most lenders require buyers to purchase. d) The original offer is legally terminated. #9. 9) Sellers Glen and Jill are closing on their home sale next week. 4 north carolina licensee tyler is providing - Course Hero The expiration of the individual agent's license does not terminate the listing because the licensee is not a party to the agreement. ", a) A tenant's requirement to comply with contract obligations b) A landlord's obligation to provide the tenant with egress c) A landlord's obligation to provide the tenant with reasonable privacy and freedom from interference d) A tenant's requirement to allow access for inspections and repairs. a. d) The contract will be valid after a five-day waiting period. a) Estate for years b) Estate at will c) Estate from period to period d) Estate at sufferance. Give the sellers the price over the phone so that they can think about it before you meet with them. Goals should be measurable. Starting in May, homebuyers with a good credit score could see their monthly mortgage payment rise while. A home for sale awaits prospective buyers on October 27, 2022, in Hollywood, Florida. 4) In which contract provision would the length of the lease be outlined? a) It's an accepted offer; therefore a valid contract. #13. A) A segment is unattractive if the company's suppliers are unable to raise prices or reduce quantity supplied. 70) Which of the following best represents the chief advantage of pursuing a strategy of multiple segment specialization? a) Credit b) Proration c) Debit d) Reimbursement. Which of the following statements is(are) true? Procurement officer, supply manager, purchasing agent, and buyer are titles for an organization's: A modified rebuy would be most likely when: B) a car producer is developing a sportier car which will require wider tires. c) The maximum purchase price of the property cannot exceed $250,000. c) a misdemeanor. b. involve long-term, contractual commitments. B. Ricardo = duty to determine if fences were permitted even if listing 411 sheet did not indicate anything regarding fences. This is an example of a. a) legal and binding contract. All multiple offers must be presented at the same time; if you know of an offer that is coming in, you must tell the sellers at the time you present the current offer; if you know of any verbal offers, share that information with the sellers also. e. none of the above, Rather than adopting the approach of "one design fits all," the astute marketer matches the strategy to the product and market conditions that surround a particular relationship. a) The list of all parties who have ever owned real estate. c) The borrower pays a fixed rate of interest. b. Transactional exchange a) Proceeds from tax exempt mortgage revenue bonds. d) She can use this contract as long as it contains an attorney review clause. Loyal customers are far more profitable than price sensitive customers. #6. B) segment identification c. refers to the ability of an interfirm relationship to achieve desired objectives. Diff: 1 b) 5 percent of the loan amount. c) The escrow agent will subtract the seller_s total debits from the total credits and arrive at what the seller will receive at closing. a) Margin b) Index c) Payment cap d) Rate cap. \hline \text { Tornado Inc. } & 800 & \$ 14,000 & \$ 15,600 \\ If the dispute cannot be resolved the firm should allow the transaction to close and then bring a lawsuit against the seller for the commission, but the brokerage cannot hold the transaction between the parties hostage. 1 Which of the following statements about marketing is true? e. (a) and (b) only, For transactional customers, the business marketer should: B) selective specialization d) after 7 years of loan payments. To sell to manufacturers, marketers need to understand important characteristics of those firms. 1) What type of document does a home owner sign when agreeing to a mortgage? c. Transactional customers display less loyalty to a particular supplier and can easily switch part or all of their purchases from one vendor to another. a) Statement of Limits b) Clear Statement of Term c) Clear Notice of Terms d) Order of Terms. An offer or counteroffer can be withdrawn at any time before it has been accepted. Units 11-15 Flashcards (a manufacturer). 5) When the Modern Museum of Art separated its consumers by whether they were culture-oriented or outdoor-oriented for its new exhibit on art that used natural materials, they were using ________ segmentation. a) an index. 9. AACSB: Analytical thinking; Application of knowledge, 13) Mothers-to-be are potential users who will turn into heavy users of infant products and services.

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