Escrow Chapter 1
A real estate professional who assists the agent and broker in the processing of the legally compliant real estate property transaction file is known as a: A. transition coordinator. B. transaction coordinator. C. art of the deal coordinator. D. none of these
B. transaction coordinator.
A broker must maintain a property transaction file for at least: A. 1 year. B. 2 years. C. 3 years. D. 4 years.
C. 3 years.
The C.A.R.® app that helps track and manage transactions from listing to closing is the: A. Transaction Warning System. B. Transaction Flagging System. C. Transaction Management System. D. None of these
C. Transaction Management System.
Which of the following are "benchmark" documents included in the C.A.R.® transaction checklist? A. Agency Disclosure B. Transfer Disclosure Statement (TDS) C. Foreign Investment in Real Property Tax Act (FIRPTA) D. All of these
D. All of these
A TC can help an agent: A. free up time for prospecting and making appointments. B. maintain a transaction file. C. remember important details of a specific transaction. D. all of these
D. all of these
A preliminary title report contains details about a piece of real estate, including: A. ownership. B. liens and encumbrances. C. easements. D. all of these
D. all of these
A transaction management program for all real estate licensees and unlicensed transaction coordinators who want to build and establish a successful transaction coordinator business is the: A. Certified Transaction Coordinator. B. Certified Transaction Specialist. C. Certified Transaction Expert. D. none of these
A. Certified Transaction Coordinator.
If you want to create your own checklist, which of the following would probably be the best application to use? A. Excel B. InDesign C. Word D. None of these
A. Excel
The app allows clients, lenders, inspectors, brokers and agents to work together in one place and guides users through the transaction "loop" sequentially is: A. dotloop. B. Quicken. C. Settlement Room. D. REVA Network.
A. dotloop.
The CalBRE self-evaluation checklist is: A. Form RE 450. B. Form RE 540. C. Form RE 640. D. none of these
B. Form RE 540.
