Quizlet real estate practice exam.

Terms in this set (63) A loan with a rate that does not change over the life of the loan. A deed to real property, which serves the same purpose as a mortgage, involving three parties instead of two. The third party holds naked title for the benefit of the lender. Beneficiary (Lender), Trustor (Borrower), Trustee (Third Party) holds the deed.Study with Quizlet and memorize flashcards containing terms like Requires the seller to provide notice to a purchaser about whether a structure on the land ...Study with Quizlet and memorize flashcards containing terms like 1. A real estate sales agent may be employed by: (Page 2), 2. As a prerequisite to an agent's use of an income and expense data worksheet, the agent asks a prospective broker: (Page 15), 3. A ____ occurs when a broker or their agent has a professional or personal bias which hinders their ability to fulfill the fiduciary duties ... You are appraising a 5 year old home. If the livable square footage is 3,500 with a cost of $95 to replace according to a cost-estimating service and the 400 square foot garage can be replaced at $60 a sq foot, calculate the reproduction cost of the structure. $356,500. [Section 16 Slide 89] 95 x 3,500 = $332,500;

b) Legal life estate. c) Fee simple defeasible estate. d) Tenancy by the entirety's. a) conventional life estate. One difference between a cooperative estate and a condominium estate is that: a) a condominium owner owns a unit of air space whereas the co-op owner owns a proprietary lease. b) A condominium sale adversely affects other unit owners.Looking for facts about GERD? Learn about a physical exam for GERD from Discovery Health. Advertisement Even though your symptom history is an important part of your office visit, ...A NC provisional broker may advertise a property only if the broker: A. personally listed the property. B. uses the employing broker's name or the firm name in the advertisement. C. personally pays for the advertisement. D. is an active member of the local real estate board. B- uses the employing broker's name or the firm name in the advertisement.

real estate practice exam. 1. Seller employed Broker to sell his property in Astoria Park. Broker subsequently negotiated a contract whereby Seller and Buyer agreed to sell and buy the property in Astoria Park. The contract was prepared and typed in Broker's office. As there were numerous conditions and terms that had been agreed upon by Seller ...Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸.

If a buyer makes a 15% down payment and obtains a $120,000 mortgage, what is the sales price of the property? $141,176. Study with Quizlet and memorize flashcards containing terms like In most cases, broker compensation, as a percentage of home price, falls somewhere between:, A Christian organization owns a fourplex. An agreement created by the actions of the parties involved, but is not written or. spoken. Implied contract. A formal agreement between two parties that may be rendered unenforceable for a. number of legal reasons. Voidable contract. Examples of this include lack of appraisal, financing, or completed repairs. Study with Quizlet and memorize flashcards containing terms like A fee simple absolute estate would best be defined as:, Of the following, which best defines a fee simple estate:, An estate is granted to "A" for the life of "X." ... Real Estate Practice Exam 1. 20 terms. Brendanino001. Preview. The EU budget. 25 terms. fran-latin. Preview. Econ ...Study with Quizlet and memorize flashcards containing terms like Who would be exempt from the Fair Housing Act of 1968 and amendments?, An agent shows a rental property to a prospective tenant on behalf of their client, the landlord. During the showing, the tenant states that they are HIV positive. What should the agent do about this?, A landlord is renting out a small 400 square foot studio ...

Take this free practice test to see how prepared you are for a real estate agent certifying exam. All states require real estate agents to be licensed by the state to engage in the …

You are appraising a 5 year old home. If the livable square footage is 3,500 with a cost of $95 to replace according to a cost-estimating service and the 400 square foot garage can be replaced at $60 a sq foot, calculate the reproduction cost of the structure. $356,500. [Section 16 Slide 89] 95 x 3,500 = $332,500;

Study with Quizlet and memorize flashcards containing terms like Product that a real estate sales associate must market _____ _____, The three areas of expertise that real estate licensees bring to the transaction:, Five major sales specialties: and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Real ...Study with Quizlet and memorize flashcards containing terms like An application for a commercial loan would include all of the following items EXCEPT: a. information on the applicant company and the individuals involved b. complete financial statements and property evaluation c. a statement of compliance with RESPA requirements d. projection … A purchaser wants to buy a house that costs $330,000. The bank is offering a mortgage loan at a loan-to-value ratio of 80%. How much will the purchaser need for a down payment? $66,000 (Loan to Value Ratio Bank Loans 80% 20% Down 330,000 x 0.20= 66,000) The law that controls advertising of real estate loans is. She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker.Final exam practice Ky 96 hour salesperson pre-license #2. 30 terms. mckenzie_kempf3. Preview. Real Estate Flashcards. 100 terms. ledfordll2. Preview. Jessup PIL Questions.Real estate practice final exam. A broker brings his seller an offer from a potential buyer if the seller asked about the buyers race, the broker: Click the card to flip 👆. May not disclose this information because to do so would violate the …

which type of estate in real property is held for a definite number of years. a) fee simple estate. b) life estate. c) estate for years. d) estate by the entireties. c. in the government survey system of legal descriptions, a township measures. a) …A buyer and seller are both clients of a real estate broker. Which of the following statements is TRUE of this situation? - The real estate broker owes neither party the fiduciary duties of an agent. - The arrangement is always illegal. - The real estate broker owes the fiduciary duties of an agent only to the seller.51 of 51. Quiz yourself with questions and answers for NY Real Estate Express Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Match. Study with Quizlet and memorize flashcards containing terms like All of the following are considered common interests community properties, except ?, The renewal period for real estate licensees is, A couple owns property as joint tenants and is going through dissolution of marriage. One of the spouses wishes to sell a property they own.23 of 23. Quiz yourself with questions and answers for Real Estate Exam Massachusetts Test Practice, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

Study with Quizlet and memorize flashcards containing terms like Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance, What is the main purpose of police power? A. to protect the health, safety, and welfare of the community B. to prevent people from committing crimes C. to put out fires D ...

Study with Quizlet and memorize flashcards containing terms like What step of the real estate cycle generally follows recession?, A 30-unit income-producing property has a sales price of $9 million. Annual gross income is estimated at $750,000. What's the gross income multiplier?, When a promissory note is sold, what is recorded in county land records? and more.1 acre = 43,560 square feet. example: 3 acres being sold for $1.10 a sq ft. 43,560 x 3 = 130,680. 130,680 x 1.10 = 143,748. Mineral, air and water rights. Liens. A charge against property that provides security for a debt or an obligation of the property owner. Examples: judgements (sued), unpaid real estate taxes.an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license. Delivery of a lease application or lease.Real Estate Exam Massachusetts Test Practice. Get a hint. The usual period during which Massachusetts lender advertise a property that is in foreclosure proceedings prior to sale is how many weeks? Click the card to flip 👆. Three. Click the card to flip 👆. 1 / 23.Study with Quizlet and memorize flashcards containing terms like A fee simple absolute estate would best be defined as:, Of the following, which best defines a fee simple estate:, An estate is granted to "A" for the life of "X." ... Real Estate Practice Exam 1. 20 terms. Brendanino001. Preview. The EU budget. 25 terms. fran-latin. Preview. Econ ...Study with Quizlet and memorize flashcards containing terms like All of the following would be considered real property EXCEPT, The servient estate in an easement appurtenant is the property, Which of the following statements concerning encumbrances is NOT true and more. ... National Real Estate Exam- PSI Test Prep. 203 terms. gwenn_bartlett ...In today’s digital age, students have a wide range of tools at their disposal to aid in their exam preparation. One such tool that has gained popularity among students is Quizlet. ...

Seabird Scientific provides a Trauma Nursing Core Course (TNCC) practice test. The Seabird Scientific site provides 60 sample questions and answers to test a student’s knowledge. O...

which type of estate in real property is held for a definite number of years. a) fee simple estate. b) life estate. c) estate for years. d) estate by the entireties. c. in the government survey system of legal descriptions, a township measures. a) 6 square miles. b) 6 miles square.

A metes and bounds description. A) must cover an area larger than 10 acres. B) must be made only in an area not covered by the rectangular survey system. C) must begin and end at the point of beginning. D) must always use north as a baseline direction. C) must begin and end at the point of beginning.Real Estate Finance: Practice Exam. Security interest gives the _______ the right to bring about sale of a loan if there is default. a. hypothecation. b. borrower. c. mortgagee. d. grantee. Click the card to flip 👆. c. mortgagee. Click the card to flip 👆.130 of 130. Quiz yourself with questions and answers for Real Estate Finance: Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like In NYS, how old must one be to enter into contracts?, What other capability should they possess?, What happens if one of the parties to the contract is a minor? and more. ... NY Real Estate Practice Exam Questions. 75 terms. sammys158. Preview. Bus Law delegation quiz. 49 terms ...Study with Quizlet and memorize flashcards containing terms like Agent, Agency, Blockbusting and more. ... Book 1 Exam Real Estate. 43 terms. Sofie_Elady1016. Preview. California Real Estate Principles - Questions and Answers. ... Economics Exam 3 Practice 1. 18 terms. bnitterhouse. Preview. unit 9. 20 terms. irynaohrimovska86. Preview. Module ...Study with Quizlet and memorize flashcards containing terms like Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. ... CT Real Estate Licensing Practice Exam. 80 terms. Richiee1124. Preview. CT real estate salesperson exam. 25 terms. Nealetae. Preview. 2022 W-2 ...153 of 153. Quiz yourself with questions and answers for 2024 Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like Why do people go into real estate sales? a. High earning potential b. Independence c. Flexible schedule d. All of the above, Real estate salespeople are paid when: a. they obtain a listing. b. one of their transactions closes. c. the broker receives the earnest money deposits from the buyer. d. the buyer and seller open escrow ...Molly must re-qualify through the examination process before being licensed in real estate once again. In studying for her real estate license, Elise is reading about police power. She is confused and doesn't understand why law enforcement would have any role in real estate sales, transactions, and regulations.Terms in this set (28) A real estate sales agent may be employed by: Their broker. As a prerequisite to an agents use of an income and expense data worksheet, the agent asks a prospective broker: The price range of property the agent is most likely to list and sell. A (blank) occurs when a broker or their agent has a professional or personal ...Having life insurance is a big deal. These are the top life insurance companies that don't require a medical exam to get covered. Home Insurance Having a life insurance policy is ...

Study with Quizlet and memorize flashcards containing terms like a lease that requires a tenant to pay all operating expenses such as property taxes, insurance, and maintenance is:, a tenant who is interested in purchasing the house she is leasing and wants a chance to match a bid that may come in from a third party should obtain:, the following statement is true concerning subleasing: and more.Study with Quizlet and memorize flashcards containing terms like C.) It protects the lender from loss due to defective titles. The property is used as collateral (security) for the loan. The title insurance protects a lender against the loss of security as a result of a title problem., C.) The lender must provide the Closing Disclosure by Friday of the week before closing. Lenders must deliver ...Real Estate Agent License Practice Test. Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Most states administer the tests in two parts, and require that the candidate pass both.Instagram:https://instagram. jaron fischbeckao3 naruto inosidney daily obituariesindian mound mall amc 75. Laurel, a real estate broker, is also a property manager for an eight-unit residential property. In her role as property manager, Laurel is a (n): a. general agent. b. fiduciary. c. special agent. d. both a and b. d. both a and b. Sent from Professor at NYREI Learn with flashcards, games, and more — for free.How much is an eye exam at Target? We detail Target eye exam costs, including the cost with and without insurance and the cost of an exam for contacts. Target eye exam costs vary b... american 1156used lawn mowers tulsa The 75 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New York real estate license law. Here are what topics you are expected to know: New York General Exam Topics: Property Ownership. Land Use Controls and Regulations. Valuation and Market Analysis. Financing. ihsaa john harrell football 21 of 21. Quiz yourself with questions and answers for Ga Real Estate Exam - Real Estate Practice Test, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Paragraph 6 of the ONE-TO-FOUR RESIDENTIAL RESALE contract talks about the. survey. In order to fully comply with this paragraph, the buyer must provide both the. survey and the T47. False. Study with Quizlet and memorize flashcards containing terms like Which of the following practices could be considered practicing law by a real estate broker ...Study with Quizlet and memorize flashcards containing terms like While fannie mae considers total housing debt to income ratios in its underwriting process, freddie mac considers, an insurance score above (a. 500, b. 660, c. 770 or d.800) should be considered a good score., carmen has a buyer client who's paid earnest money to reserve a site in a new construction development.