Quizlet real estate practice exam.

A.To determine the market value of a property. B.To determine the insurance value of a property. C.To determine the marketability of a property. D.To determine the tax value of a property. C. Study with Quizlet and memorize flashcards containing terms like In order to equalize business in their area, ABC Realty and RMH Realty have an unwritten ...Pennsylvania Real Estate Exam - Practice Questions. Get a hint. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks.A broker's fiduciary duty to a client includes all EXCEPT: a. sell his property. b. care and diligence. c. loyalty. d. confidentiality. Click the card to flip 👆. 74. A The six components of a broker's fiduciary duty are loyalty, obedience, disclosure, confidentiality, reasonable care and diligence and accountability.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.

When a homeowner is delinquent on property taxes, the first step taken by government in correcting the late payment is the: delinquent tax payer names are published in the local paper. Real Estate Practice Exam. A property is located next to a busy freeway; semi-trucks use the freeway all night long. After two years on the market, the seller ...

1. An action has been filed in district court based upon a violation specified in the Oklahoma Real. Estate License Code. 2.The cause of action accrued not more than two (2) years prior to the filing of the action. 3.At the commencement of an action, the party filing the action shall immediately notify the.

320 acres. John bought a waterfront lot with a setback requirement of 50 feet from the street. The lot is only 100 feet deep and drops off sharply at the water edge. John's architect tells him that they can build the dream house on the property if the setback were 35 feet. John applies to the city for a. variance.Study with Quizlet and memorize flashcards containing terms like A broker's protection clause, when inserted into a listing agreement, serves this function:, A legal document pledging a property to the lender as security for payment of a debt is called:, What does a desist and refrain order do if issued by the real estate commissioner? and more.The purpose of requiring an earnest money deposit in a real estate sales contract is to. provide evidence of the buyer's intention to carry out the contract. A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2%. or for 30 years at 6 1/2%.SC Real Estate Practice Exam. Licensee Lance has signed a written brokerage agreement with seller Daisy. He's responsible for helping Daisy complete her paperwork and submitting offers and counter-offers to and from her, but he's not considered her advocate, and he doesn't owe her any fiduciary duties. Based on this, you know he's acting as a

Study with Quizlet and memorize flashcards containing terms like Property management, appraisal, financing and development are all: a. specialization directly linked to state and federal government financial problems b. separate professions within the real estate industry c. real estate brokerage professions d. demographic factors that affect demand for real property in a commercial market ...

219 Multiple choice questions. Term. A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... riparian. improvements. executory. the landlord.

2) 2.3 Practice Exam # 3 (75 questions). 4.8 (5 reviews) ...All brokers are responsible for disclosing: their agency relationship in a real estate transaction. Study with Quizlet and memorize flashcards containing terms like A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by:, Which of the following has the ... 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. Real estate express final exam practice: The seller and buyer have countered back and forth for several days. The two parties have verbally agreed to a price, but neither has signed anything. At this point the status of the negotiation is: Click the card to flip 👆. not a contract until the parties have signed the necessary documents.17 of 17. Quiz yourself with questions and answers for Illinois 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 Real property can be converted to personal property by:, Legal descriptions using the government survey system are NOT generally used in:, Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic …

Test your knowledge of real estate terms and concepts with this set of 90 flashcards created by Logan_Cooper289. Learn the definitions, examples and applications of …20 of 20. Quiz yourself with questions and answers for Barron's Real Estate Exams, 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 What interest does a son hold in property, if the mother held a life estate inherited from her spouse, with the son inheriting upon her death?, Township, Which of the following documents may a real estate licensee complete? and more.The appraised value is $86,500 and 80% of that amount is $69,200. This would be the maximum the purchaser would be permitted to borrow. A property is appraised at $150,000 and assessed for tax purposes at 35% of value. Calculate the semi-annual tax bill if the mills total is 80. CORRECT ANSWER: $2,100.Study with Quizlet and memorize flashcards containing terms like Residential property, Choosing the right broker and real estate knowledge, Payment is made only when and if the job is fully completed. and more. ... Real Estate Practice, Edition 9, Chapter 2 Quiz. 10 terms. lesliex0284. Preview. Real estate U chapter 2. 33 terms. jaydove.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.

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.SC Real Estate Practice Exam. Licensee Lance has signed a written brokerage agreement with seller Daisy. He's responsible for helping Daisy complete her paperwork and submitting offers and counter-offers to and from her, but he's not considered her advocate, and he doesn't owe her any fiduciary duties. Based on this, you know he's acting as a

Mary abandoned her property by failing to pay its property taxes and the property reverted to the state. This is an example of. A rule of thumb is that office buildings require 1 parking space for every ____ SF of rentable space. The risk of committing an unauthorized practice of law can be practically reduced by.Stress is linked to anxiety and depression, so it's important to support your child during stressful periods. Reviewed by a GP. Try our Symptom Checker Got any other symptoms? Try ... Assumption clause. if loan is assumed new buyers obligated to pay off loan. straight assumption. new buyer responsible, can not impact seller's credit score. subject to assumption. buyer not liable for loan can impact seller's credit score. State Exam Prep Material Learn with flashcards, games, and more — for free. Study with Quizlet and memorize flashcards containing terms like Which of the following professionals involved in the real estate business are the most concerned about managing real estate for clients? A) Brokers and Agents B) Property Managers C) Corporate Real Estate Managers D) Appraisers, Real Estate can be defined as A) Land and all property continued therein. B) Unimproved land. C) Land ...None of the above. B) Current real estate taxes. Liens regarding real estate take precedence over other types of liens. This type of lien gives creditors a way to collect debts owed to them. North Carolina requires all counties to conduct reappraisals at lease every ______________. A. 4 years. B. 8 years. C. 2 years.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.the term used by lenders when the maximum rate of interest allowed by law is obtainable on financing a property. it is the rate of interest specified in the promissory note. Quiz yourself with questions and answers for Real Estate Practice Exam 2, so you can be ready for test day.Though costlier than traditional policies, no-exam life insurance policy might make sense for people with pre-existing medical conditions or dangerous occupa... Get top content in ...Study with Quizlet and memorize flashcards containing terms like 1. which of the following ways of specialization is common in the real estate brokerage business A) by background of client B) by type of property C) by years of experience in the business D) by type of mortgage financing required, 2. which of the following is included in the legal concept of land A) A corn crop B) a lake C) a ...In Illinois, if the buyer of a property is a licensed broker, $2,625 on June 1, 2012 because June 1st is the deadline to pay half of the levied General Real Estate Taxes. A woman's property has an assessed value of $175,000. The local tax rate is 3%, and no equalization factor is used. If the tax was levied in April 2011, the woman had to pay.

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.

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 ...

Study with Quizlet and memorize flashcards containing terms like Primary Purpose of Louisiana License Law is to, The LA Real Estate Commission consists of, To confirm commission appointments, the Governor must submit names to and more. ... Louisiana Real Estate Practice Exams (National) 151 terms. CJS701. Preview. Real Estate State …a tying arrangement. a market division. Don't know? 98 of 98. Quiz yourself with questions and answers for 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 Regulatory Powers, Judicial Powers, Administrative Powers and more. ... Tennessee National Portion REAL ESTATE EXAM. 1,513 terms. MSgirl369. Preview. Tennessee Real Estate Exam. 143 terms. realestatebysheena. Preview. ... Practice Questions. 10 terms. Hayden6205. … The Real Estate Recovery Fund will never pay for: Legal fees or punitive damages. A broker listed a house at $300,000 and sold the home at 95% of the asking price. The listing broker paid out 45% of the total 6% fee to the selling broker, who paid the selling associate 60% of the amount that came to the office. This act applies to the sale of residential properties that include four or fewer units. Quiz yourself with questions and answers for National Real Estate Exam 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.8 feet x 9 feet x 12 feet= $864/2= 432 cubic ft x $1.82= $786.24. On Monday, a seller offers to sell his residence to a buyer for $152,000. on Tuesday the buyer counteroffers to buy the property for $150,500. On Friday, the buyer withdraws his counteroffer and accepts the seller's original price of $152,000.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.Study with Quizlet and memorize flashcards containing terms like In Florida, real property is assessed on January 1 of each year, and property taxes become a lien on the property on A) December 31, the same year. B) January 1, the same year. C) November 1, the same year. D) April 1, the next year., A developer purchased three oceanfront lots, each measuring 75 by 110 feet, for $20 per square ...Study with Quizlet and memorize flashcards containing terms like Which of the following is the best example of external obsolescence:, The city has decided to pave the street in front of your house. The cost of paving is $25 per running foot. The city agrees to pay 30 percent of the cost of paving. foot. The remaining costs are to be apportioned between the owners on both sides of the street ...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 ...A home maintains its highest value by being in a neighborhood with similar-type housing. Real estate licensees should know enough about building ordinances to be able to. conduct a professional home inspection. provide solid legal advice. answer all client questions about a building's compliance.

Real estate express final exam practice: The seller and buyer have countered back and forth for several days. The two parties have verbally agreed to a price, but neither has signed anything. At this point the status of the negotiation is: Click the card to flip 👆. not a contract until the parties have signed the necessary documents.1. The address of the property that is being managed. 2. the duration of the agreement. 3. the property manager's compensation terms. A _____ working at a brokerage is exempt from holding an Arkansas real estate license. bookkeeper. Cami is a property manager for a four unit property in Bentonville.VA Real Estate State Practice Exam 3. Salesperson Chris advertises a property that he listed. The ad reads, "beautiful rambler, excellent assumption. Call Chris at 555-0000 for details." This ad is in violation of the Virginia License Law because: A.Study with Quizlet and memorize flashcards containing terms like The amount per $1,000 used to calculate taxes on property is the, The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is, May eviction and foreclosure notices be delivered electronically in South Carolina? and more.Instagram:https://instagram. how do you reset an xfinity remotehuntersville er wait timeradda's k9 campuslot lizard pictures 101 of 101. Quiz yourself with questions and answers for Real Estate Practice Exam (State), 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. jimmy neutron watch anime dubelvis decanter mccormick Study with Quizlet and memorize flashcards containing terms like A succession of conveyances from one owner to another from a certain point in time is:, Mr. Jones has a fee simple estate. He leases his property to Mr. Rios for 10 years. Mr. Jones has:, The origins of agency relationships began in the United States when the first real estate act was passed in: and more. gh paul hornsby Study with Quizlet and memorize flashcards containing terms like credit to the seller, Marketable, Void and more. ... Real Estate Michigan Exam Prep. 100 terms. asantealexander99. Preview. Contracts Cases. 39 terms. momercer4. Preview. Vocab lesson 6 . 10 terms. ptreadway3. Preview. HSCI 3200 Exam 2. 25 terms. Keyeruh.Study with Quizlet and memorize flashcards containing terms like Real versus personal property, Physical characteristics of land, Metes and Bounds and more. ... Real Estate Exam Review Test Mississippi. 168 terms. camodude2015. Preview. Mississippi Practice & REAL Exam Questions. 91 terms. jvaleriereynolds. Preview. Contacts Fall 2023 Final ...