Real Estate Agent Test (answer key at bottom of page)

1) How long should short sales take from the buyer's vantage point?

(a) 30 days or less
(b) 60 days or less
(c) 90 days or less
(d) 120 days

2) What type of release should the homeowner obtain?

(a) full release of liability
(b) partial release of liability
(c) continued collection on deficiency

3) How much of a real estate commission should a short sale generate?

(a) 2.5%
(b) 3%
(c) 5%
(d) 7 to 13%

Answer Key:

(1) Answer is (a) 30 days
(2) Answer is (a) full release of liability
(3) Answer is (d) 7% if we process the short sale, 13% if you process the short sale

If you liked these answers then give me a call and we'll talk about how you can work in our system with these results.

Best wishes for your future,

Paul Jerome
Managing Director
Seller Helps Buyer, LLC
(702) 988-2560