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What is the most common type of property ownership?

Joint Tenancy with Right of Survivorship

Fee Simple Absolute

Tenancy in Common

Tenancy in the Entirety

Can agents use their position to make money off of their clients?

Yes, that’s the whole point of this business.

An agent must act with their clients' best interests in mind, but keep some leverage in transactions.

No! Agents have a "fiduciary duty” to act solely on behalf of their clients.

Historically, which is the best-selling month for real estate?

February

October

April

July

Would you want to sell an “iceberg home”?

No way! Where would I find a buyer that wants to live in such a cold environment?!

Definitely! Iceberg houses are a hot trend right now.

Maybe, if the fee is good.

If you’re selling a property in California and someone died on it within the past 3 years, do you have to disclose this information?

Sure I do! It’s considered a ‘material defect’ and I must disclose this information.

What does that have to do with anything? The man has been long dead and buried.

Maybe, but only if the buyers specifically asks for this information.

How much would you value Monica’s apartment from the TV show Friends?

Hint: the apartment address was at 90 Bedford Street in New York.

Around $300,000.

A rough 1, 5 million dollars.

I'd say 3,500,000.

Can't put a value on a landmark.

Is a prospective buyer with a prequalification letter a sure lead?

Yes! 'Prequalified' means they've talked with a lender and have been approved for a loan.

Certainly not! ‘Prequalified’ does not mean ‘preapproved’.

I have no idea.

What about the fact that the house you are showing in NY is believed to be haunted? Full disclosure or not?

Now that’s plain hearsay! Who would want to haunt such a beautiful house?

I wouldn’t go near such a property myself, let alone bring a potential buyer there!

I know it’s bad for business, but the state requires me to tell the truth and nothing but the truth on this matter.

Is it better to use brass in doorknobs than brushed nickel coated steel or black coated steel?

A doorknob is a doorknob – there’s no difference between them whatsoever.

It’s a matter of style and taste, I guess.

Don’t they disinfect themselves?

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