Quizlet real estate practice exam

Real Estate Practice Exam (1) Without checking the facts, a broker who is the seller's agent tells a buyer that the property taxes in a particular neighborhood are among the lowest in the area. The buyer relies on the broker's statement and makes an offer on a house in the neighborhood. Before closing, it is determined that the taxes are ...

A. The Smith's must appeal to the Texas Real Estate Commission for assistance in terminating the listing agreement prior to the date specified. B. The Smith's have the opportunity to cancel the listing agreement at any point and will not be subject to any penalties for choosing to terminate the listing early. C.Study with Quizlet and memorize flashcards containing terms like Real Estate Brokerage, Real Estate Broker, Real Estate Salesperson and more. ... Real Estate Practice Exam. 180 terms. Morgan_colver6. Preview. Micro (Basic Economics) 18 terms. mxg4sdxp7f. Preview. pop dynamics. 10 terms. Ainsley_Abel1. Preview. Real Estate Practice #2. 132 terms.85 of 85. Quiz yourself with questions and answers for Missouri 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.Based on sets of intersecting lines principal meridians run north and south; base parallels run east and west. Range - North-South area between consecutive ...Study with Quizlet and memorize flashcards containing terms like "Diligent visual inspection" requirements, along with the seller's mandatory disclosure of specified items and any known adverse material conditions, is included in which disclosure form? - Smoke Alarm Disclosure - Fire Hazard Disclosure - Transfer Disclosure Statement (TDS) - None of the answers are correct, In California, the ...May include constrcting improvements, installing decorative lighting, planting, boulevards, parking, or any other type of improvements that beautify & maintain the business district as a dynamic commercial area. Study with Quizlet and memorize flashcards containing terms like Land, Real estate, Real property and more.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.

20 of 20. Quiz yourself with questions and answers for TN 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.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. 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. 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.Missouri Real Estate Exam Prep Questions. Teacher 138 terms. captain542. Preview. Real Estate Exam- Missouri Portion only. 181 terms. madison_mccracken2. Preview. hon. english 11; vocab unit 4. 15 terms. obulger. Preview. Crash Ch 26-32. ... Quizlet for Schools; Language Country. United States ...Hello, welcome to our California Real Estate Practice Exam. In California, there are 150 questions on the exam. Many states have a national portion and a state portion, but California has one section combining both for a total of 150 questions. The two most effective study tools for the state exam are practice exams and learning the state-specific license laws.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 …

Alienation. A change of ownership of real property. Voulntary Alienation. An owner transfers title to another, usually with a written document, such as a deed, will, or power of attorney. Involuntary Alienation. A transfer of ownership usually through the court as in foreclosure, bankruptcy, condemnation, escheat, adverse possession or ...Study with Quizlet and memorize flashcards containing terms like Which of the following is a true statement about investigations into licensees once a complaint has been filed with the MREC? A. Licensees are required to respond to the complaint in writing and make records available to the MREC. B. The Administrative Hearing Commission is responsible for investigating the matter to determine ...Terms in this set (81) Start studying REAL ESTATE Practice EXAM #3.5. Learn vocabulary, terms, and more with flashcards, games, and other study tools.You've studied hard, had a good night's sleep, eaten a good breakfast, and now you're ready for your big test. You might consider walking to the exam—20 minutes of activity, walkin...The tests include questions on general real estate topics. The tests are developed using concepts found in the general portion of the actual exam and cover …

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Mike, Ike, and Spike each own a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is involved in a ______. Corporation. With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums.Annual net income divided by the rate of return will equal value. $1,050 a month x 12 = $12,600 / 0.12 rate of return = $105,000 value. An adult buyer who is illiterate signs a contract to purchase property from a seller. The buyer understands the nature of the contract because the terms were explained orally.Study with Quizlet and memorize flashcards containing terms like A fee simple absolute estate would be best defined as, Of the following, which define a fee simple estate, An estate is a granted to "A" for the life of "X". ... 2024 Real Estate Practice Exam. 153 terms. Blacksnakes30. Preview. Real Estate Exam 2024. 284 terms. knetzerprincess ...92 of 92. Quiz yourself with questions and answers for Louisiana Real Estate 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 How often *must* you take ... Georgia Real Estate Exam Study Guide. 363 terms. ... julianrizza. Preview. Georgia real estate exam. 76 terms. tabithamzara. Preview. GA Real Estate Practice Questions. 997 terms. epkovalov. Preview. Fin 435 final exam . Teacher 24 terms. Tunde ...Study with Quizlet and memorize flashcards containing terms like article 12-A of the NYS Real Property Law, Sponsor, "Summary of your Submission and more. ... Real Estate NC State Exam Prep. 35 terms. charlottehastyyy. Preview. Tort Law Essentials. 24 terms. ivanwon. Preview. Pass The Exam (New York) 325 terms. Apartment_302. Preview.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.Study with Quizlet and memorize flashcards containing terms like Maria acquires a property from her uncle Alfonso. When Maria dies, the estate will pass to Alfonso's other niece Serena. ... Pearson Vue Real Estate Practice Exam. 67 terms. Ms_darcy. Preview. Digital Marketing Final Study Guide - Chapter 6. 47 terms. super_nutellala681. Preview ...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.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.A note secured by a mortgage or deed of trust given by a buyer, as borrower, to a seller, as lender, as part of the purchase price of the real estate. Debit. On a closing statement, an amount charged; an amount the party must pay at settlement. Arms Length Transaction. Study with Quizlet and memorize flashcards containing terms like Safety ... 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. A family purchased a $90,000 lot to build a custom home. At the date of closing, the lot was assessed at $84,550 and the tax rate was $1.91/$100 assessed valuation. When they completed the home, the assessment increased by $235,000 to include the new construction.

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.

race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act.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 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 ...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.Real Estate State Practice Exam. Get a hint. Steve is an Indiana real estate broker. He's agreed to perform a fee appraisal on a property. This is legal in Indiana as long as ___________. Click the card to flip 👆. The property's value falls below federal limits requiring a licensed or certified appraiser. Click the card to flip 👆.150 California real estate practice exam questions. Buyer Dan is considering buying a lot to build a single-family residence. Dan hires an appraiser to appraise the lot. Which approach to value with the appraiser choose to complete the task? Click the card to flip 👆. Market data approach or sales comparison approach. Click the card to flip 👆.At $10 per square foot, the tenant's base rent is $30,000. Since the total rent was $60,000 that means the remaining $30,000 was due to the gross sales percentage. Since that figure is 8%, simply divide $30,000 by .08 to arrive at $375,000. what is Economic obsolescence.Study with Quizlet and memorize flashcards containing terms like An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. CA Real Estate Exam 2024 Practice Questions. 176 terms. Robert_Njoroge56. Preview ...

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Q-Chat. Study with Quizlet and memorize flashcards containing terms like The ability to buy and sell is also known as what essential element of value? A. Demand B. Utility C. Scarcity D. Transferability, Essential elements of value acronym, Demand and more.5 years. 3 years. 16 of 16. 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.Use our free Real Estate practice exams to get your real estate license. Actual questions and answers with no registration. Updated for 2024! 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 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 ... Runs with the land. A lien is an encumbrance that remains on the property until paid. This means that it: Capital Gains. The difference between the adjusted cost basis of a property and the net selling price is the. Personality. If a mobile home is delivered to a lot and hooked up to utilities, it is considered: Straight line depreciation. 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 ...Study with Quizlet and memorize flashcards containing terms like When testing the conduct of an agent while engaged in real estate related activities, the independent contractor (IC) provision in the broker-agent employment agreement cannot and does not change the sales agent's classification as:, An outside salesperson is defined as a person who regularly works, An agent needs to collect ...race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act. ….

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. Both a and b. A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to as. a red flag. A property was listed at $100,000. An offer of $96,000 is received. In explaining the difference, the agent should consider saying. Completing a medical exam is an important task involved in buying life insurance. Learn everything you need to know about life insurance medical exams here. By clicking "TRY IT", I...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.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 ...After deducting $5,100 in closing costs and a 6.5% brokerage fee, the seller netted $175,500. Rounding your answer to the nearest dollar, what was the selling price?*. $193,155. Illinois Real Estate; Practice Exam - 05 (75%) Learn with flashcards, games, and more — for free. 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 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 Portion ...Study with Quizlet and memorize flashcards containing terms like T/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30, T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal., T/F: A sales associate in a brokerage firm may work as a transaction broker to a buyer if … Quizlet real estate practice exam, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]