Louisiana 45-Hour Salesperson Post-License Course Exam Questions And Answers

In terms of commercial real estate, ______ are a subjective way of describing buildings based on their amenities. {Ans: Building classifications}Master planned communities {Ans: Also known as PUDs, these are self-contained communities with leisure activities, shops, restaurants, and security.}The Federal Uniform Electronic Transactions Act (UETA) {Ans: was enacted to give electronic signatures, records, and contracts legal recognition equal to that of paper records and signatures.}What is causing an increase in demand for warehouses? {Ans: Increase in one-day shipping options from e-commerce business}What market indicator is expressed as the number of months it takes to sell homes at the current rate of sales? {Ans: inventory rates}primary (data machine service) {Ans: Information compiled by the person performing the valuation, for that purpose}liabilities {Ans: Obligations or debts owed by the borrower}After listing her property, Rose receives an irrevocable offer from the Kellers. However, before the acceptance deadline, the Wolfgangs submit a better offer that Rose accepts. The acceptance deadline for the Kellers' offer comes and goes without her responding to it. What is true of the Kellers' offer? {Ans: The Kellers' offer expired when the deadline came and went.}What are warehouses typically used for?