Question

40. It is important to consider the reputation of local schools in collecting information for a comparative market analysis because

A) sellers often have inaccurate ideas about local schools and need help learning the facts.
B) school quality is one of the market factors the seller and seller's agent will be required to disclose to a buyer.
C) school quality is just one of many bits of information buyers need to know about.
D) school quality is the top priority for some home buyers: good schools raise property values in the district.

36. In the area of job performance, most real estate codes of ethics support all of the following EXCEPT

A) exclusive listings.
B) written agreements.
C) maximum commission rates.
D) arbitration of disputes.

Answer 1

Answer 40:

Option D. It is important to consider the reputation of local schools in collecting information for a comparative market analysis because school quality is the top priority for some home buyers: good schools raise property values in the district. This is because there is direct relationship between school in the area and property value in the area.

Answer 36:

Option C. In the area of job performance, most real estate codes of ethics support all of the following except maximum commission rates because as commission rate increases the price of real estate decreases.