Rockwell Exam 2 Review With 100% Correct Answers

What is the most important consideration for a property manager who is deciding on appropriate rental rates? A. How many units are in the property B. Proximity of the property to places of employment C. The number of units available in the city D. The rental rates for similar properties in the same market {Ans: D. The rental rates for similar properties in the same market}A dual-state brokerage firm doing business in Washington must: A. maintain a trust account in Washington if holding any funds in trust B. keep its transaction records on file with the Department of Licensing C. only hire out-of-state licensees D. maintain an office in Washington {Ans: A. maintain a trust account in Washington if holding any funds in trust}The buyers ask a listing agent about a rumor they've heard that a sex offender lives in the neighborhood. The agent should: A. deny it, because he is the seller's agent B. research the question and report back to the buyers C. inform the buyers where this kind of information can be verified D. tell the seller he must disclose this information to the buyers {Ans: C. inform the buyers where this kind of