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1. Compared to a salaried or hourly employee, a self-employed real estate salesperson can expect all of the following except:

A. Fewer tax forms and reduced recordkeeping
B. Income based upon sales
C. Schedule flexibility
D. Less day-to-day manager oversight

2. The expense of taking a pre-licensing course to get a real estate license is generally:

A. Deductible up to $25
B. 100% deductible
C. Not deductible
D. 50% deductible

3. Signs of aging roof material include:

A. Cupped or curled shingles
B. Missing shingles
C. Bubbled shingles
D. All of these

4. Which insulation type is used most commonly in the United States?

A. Fiberglass
B. Mineral wool
C. Sheet foam
D. Sprayed foam

5. The best way to show a listing is to:

A. Leave all the seller's items out to create a warm, welcoming feel
B. Empty the home completely
C. Efficiently use furniture and decor
D. Add furnishings to highlight the home's capacity

6. You are representing a buyer. How would you describe to your client what the loan estimate (LE) is?

A. The LE is an estimate of the total amount of cash required to buy the home
B. The LE is an estimate of the moving expenses
C. The LE is an estimate of the effective interest rate
D. The LE is an estimate of the cost of getting the loan

7. A basic, inexpensive staging task would be to:

A. Update the kitchen
B. Display family photos
C. Rearrange knickknacks on any horizontal surface
D. Clean the home thoroughly

Answer :

1.Self-employed real estate salespersons may actually have more tax forms and recordkeeping requirements compared to employees.

2.The expense of taking a relicensing course for a real estate license is generally not deductible.

3.Signs of an aging roof include cupped or curled shingles, missing shingles, and bubbled shingles.

4.The most commonly used insulation type in the United States is fiberglass.

5.Efficiently using furniture and decor is the best way to show a listing, rather than leaving everything out or emptying the home completely.

6.Rearranging knickknacks on horizontal surfaces is a basic and inexpensive staging task to create a cleaner and more organized appearance in a home.

1. Compared to a salaried or hourly employee, a self-employed real estate salesperson can expect all of the following except fewer tax forms and reduced recordkeeping. As a self-employed individual, a real estate salesperson is responsible for keeping track of their income and expenses for tax purposes. This means they may actually have more tax forms and recordkeeping requirements compared to employees who receive a W-2 or have taxes withheld from their paychecks.

2. The expense of taking a prelicensing course to get a real estate license is generally not deductible. While there are some tax deductions available for real estate professionals, the cost of obtaining a license is typically not one of them. However, it's important to consult with a tax professional or refer to IRS guidelines for specific rules and regulations regarding deductions for real estate professionals.

3. Signs of aging roof material include cupped or curled shingles, missing shingles, and bubbled shingles. When a roof ages, shingles can start to curl or cup, indicating that they are no longer properly sealed. Missing shingles can also be a sign of aging, as they may have fallen off due to wear and tear. Bubbled shingles can be a result of moisture trapped underneath, indicating potential damage or deterioration.

4. The insulation type used most commonly in the United States is fiberglass. Fiberglass insulation is popular due to its affordability, availability, and effectiveness in reducing heat transfer. It is made of glass fibers and is commonly used in residential and commercial buildings to improve energy efficiency and thermal comfort.

5. The best way to show a listing is to efficiently use furniture and decor. Leaving all the seller's items out or emptying the home completely may not create an ideal presentation. Efficiently arranging furniture and decor can help showcase the home's features, maximize space, and create a welcoming atmosphere for potential buyers.

6. A basic, inexpensive staging task would be to rearrange knickknacks on any horizontal surface. This simple task can help declutter and create a cleaner and more organized appearance in a home. It can also allow potential buyers to better envision themselves in the space without distracting personal items.

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