1. A listing salesperson is showing a property listed with her brokerage firm. Which of the following information, that she had knowledge of must be disclosed to the potential buyer

 

1. the seller has lived in the house for only 1 year and has made no major improvements
2. the seller has been convicted of a felony and needs to sell the property quickly 
3. a drug rehabilitation facility is located across the street
4. the roof needs to be repaired or replaced

Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?

1. yes, if the appraisal is identified as a comparative market analysis
2. yes, if the appraisal is done before an offer to purchase is accepted by the seller
3. yes, with proper disclosure to the lender about the broker's qualifications

D.no, real property appraisals are not within the scope of practice for a real estate broker

A valid exclusive listing contract in Pennsylvania must contain all of the following EXCEPT?

A. the duration of the listing

B. the commission expected

C. the listing price of the property

D. the automatic renewal clause

3. Which of the following best describes the production orientation? a) Manufactured goods would sell regardless of their quality, because they were in short supply. b) Businesses have one or more departments specifically designed to understand consumers' needs and readily share this knowledge across departments. c) Production capabilities exceeded regular demand, competition increased and reaching new markets became more complex. d) It uses customer relationship management software. e) It uses production management software