Which of the following would create a dual agency situation:
A: Broker has two simultaneous escrows on the same property;
B: Listing broker is cooperating with a selling broker;
C: Two brokers have listings on the same property;
D: A broker representing both buyer and seller in the same transaction.
Answer: D: A broker representing both buyer and seller in the same transaction.
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Hall paid the following expenses in 2017 pertaining to her home: realty taxes, $3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home. The casualty insurance premium of $490 is
a. Allowed as an itemized deduction subject to the $100 floor and the 10%-of-adjusted-gross-income floor. b. Allowed as an itemized deduction subject to the 2%-of-gross-income floor. c. Deductible in arriving at adjusted gross income. d. Not deductible.
When doing a neighborhood analysis which of the following would NOT be an appraisal factor:
A. Size of the lots in the neighborhood. B. Racial composition of the neighborhood. D. Sale prices of homes in the neighborhood.