SU # 06__Construction and Measurement Flashcards
Concerning the measurement of square footage in houses, which of the following statements is TRUE?
State law prescribes how the measurements must be made.
Only a licensed or certified appraiser can measure a house.
There are no official state standards for measurement.
Agents who make their own measurements cannot be challenged on their accuracy.
There are no official state standards for measurement.
Which of the following is a safety device likely to be found in a bathroom or garage?
Ground fault circuit interrupter
Heat pump
Mansard
Footing
Ground fault circuit interrupter
One regulation-based reason for becoming knowledgeable about house styles is that an agent must
be able to identify good houses.
be accurate in advertising listings.
develop a specialty in certain types.
know what home construction costs.
be accurate in advertising listings.
The most common method of framing a house since 1945 is
balloon frame.
post and beam.
half-timber.
platform or western framing.
platform or western framing.
Which of the following best describes a Prairie-style house?
Two-story classical portico with columns, hip roof.
Wood-framed, clapboard-sided, with turrets and verandas.
Strong horizontal emphasis, low and heavy appearance. Note: Frank Lloyd Wright built prairie-style homes with brick.
One story, gable roof, built on a slab.
Strong horizontal emphasis, low and heavy appearance. Note: Frank Lloyd Wright built prairie-style homes with brick.
What two types of law govern agency? Define each.
Common law – Societal rules and court decisions
Statutory law – Laws and rules enacted by legislatures and other governing bodies
Define the term special agency.
The principal delegates authority to conduct a specific activity, after which the agency relationship terminates.
What does the Illinois Administrative Code say about all exclusive brokerage agreements?
They must be in writing.
What are licensees authorized to do when writing sales contracts?
Licensees are ONLY authorized to fill in blanks and make the appropriate deletions on already-printed form contracts used in the real estate industry.
List three statutory duties a licensee has towards a client according to Illinois law. (See screen 13 for other correct answers.)
Acting in accordance with the brokerage agreement.
Promoting the best interests of the client
Exercising skill and care in performing all duties
What is considered to be confidential information?
Information obtained by a licensee from a client during the term of a brokerage agreement that was made confidential by the written request or written instruction of the client, deals with the negotiating position of the client, or is information which if disclosed could materially harm the negotiating position of the client.
When may a licensee legally receive a rebate or incentive for giving a referral?
When it is associated with his or her own transaction.
From whom may a licensee receive compensation?
His or her sponsoring broker ONLY
