Quizlet real estate practice exam.
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 ...
A) Every two years on August 31 of even-numbered years. B) Every two years on September 30 of odd-numbered years. C) On her birthday. D) On the anniversary of the date Tammy's license was issued. A) Every two years on August 31 of even-numbered years. Jessica has just taken her Alabama real estate license exam.If the seller and buyer have a legal dispute reguarding the approved contract to buy and sell real estate what must they do. Submit the matter to mediation and seek resolution within 30 days. Lead based paint disclosure is required. For residential property in which a building permit was issued before January 1, 1978.Term. According to the Virginia Landlord-Tenant Act, security deposits: A. Are 100% refundable to the tenant. B. Must earn interest to the benefit of the tenant. C. Cannot exceed the equivalent of one month's rent. D. Must placed in an escrow account. Familial status. Automatic revocation of the real estate license.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 ...
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.
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 The total of fees for each original real estate sales license is:, To apply for a permit to do business as a business broker, the licensee must submit an application to the Division, along with a certificate of completion that the licensee has completed a minimum of how many hours of instruction …Study with Quizlet and memorize flashcards containing terms like A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing., What critical ...Study with Quizlet and memorize flashcards containing terms like If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine and/or jail c. is following standard operating procedures d. is ineligible for a license for 2 years, An …Study with Quizlet and memorize flashcards containing terms like In the sale of property, there is often confusion over whether an item is a fixture or personal property. ... Real Estate National PSI practice exam 2. 80 terms. raborngunnar. Preview. PSI Practice Exam-Examples. 72 terms. blythecooper. Preview. Community Property. 75 terms ...78 of 78. Quiz yourself with questions and answers for Michigan 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.
Practice of Real Estate Remedies under the new amendment include: 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years
20 Multiple choice questions. Term. An appraiser's definition of "Value" would be: present worth of all rights to future benefits arising out of ownership. the ability of one commodity to command other commodities in exchange. relationship between the thing desired and the potential purchaser. all of the above.
Study with Quizlet and memorize flashcards containing terms like Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could:, Joint tenant estate held by two joint tenants is severed and ended by the following:, A man owns six seperate parcels of real property.National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that:, Most real estate agents are involved primarily in the sale of:, The IRS will treat the real estate salesperson as an independent contractor if 3 criteria are met. These criteria include: and more.Study with Quizlet and memorize flashcards containing terms like Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt., Answer: A A construction lien is given as security to those who perform labor or ...Vocabulary Test. 60 Questions | 60 Mins. Put your grasp of real estate vocab to the test with our free 60 question real estate vocabulary test! Start Test. Real Estate. Rules & …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.
75 of 75. Quiz yourself with questions and answers for New York State Real Estate Salesperson Licensing 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.72 of 72. Quiz yourself with questions and answers for NV Real Estate Exam Review, 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.B. Refer the listing to an agricultural agent and ask his friend to keep him informed of the transaction's progress. C. Take the listing and apply commercial real estate practices, since agricultural sales are similar to commercial sales. D. Turn down the listing, citing his lack of experience in agricultural work. Practice of Real Estate Remedies under the new amendment include: 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years To help contribute to any future changes or revisions in the agency disclosure office policy. Quiz yourself with questions and answers for Alabama (STATE) 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.106 of 106. Quiz yourself with questions and answers for Real Estate Practice Final 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 Practice Exam. Jane saw a property that was $900,000, then found another property that had the same use design and income in the next town over for $600,000. Because of the price, she purchased the home in the next town over. This would be an the principal of. Click the card to flip 👆. Substitution.
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 When an appraiser is looking at the quality of interior finishes, the appraiser will evaluate all of the following EXCEPT a. conuntertops b. walls c. HVAC d. Presence or absence of molding, The city buys a block of condemned houses, razes them, and establishes a park. In order to create the park, the city required a ...A duplex produces a monthly gross rental income of $1,800. The GRM an appraiser extracts from the local market is 125x. Waht's the property's estimated value. $225,000. In kansas, environmental hazards affecting a property and material defects in a property's titles are both examples of ___. adverse material facts.A duplex produces a monthly gross rental income of $1,800. The GRM an appraiser extracts from the local market is 125x. Waht's the property's estimated value. $225,000. In kansas, environmental hazards affecting a property and material defects in a property's titles are both examples of ___. adverse material facts.A personal right to use the land of another. A buyer who signs a real estate contract is immediately regarded as the equitable owner of the real property, while the seller has an equitable interest in the purchase price. Power of a government to take private property for public use.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.Don't know? 76 of 76. Quiz yourself with questions and answers for Real Estate Practice Exam Questions, 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.
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 ...
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 ...
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.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.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 $152,000.21 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.National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?a) All assistants must be contractors. b) Assistants can only be salaried employees of the licensee. c) Assistants may only receive commission when they hold a real estate license. d) There’s a cap on the amount an assistant can be paid. c) Assistants may only receive commission when they hold a real estate license.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. …20 of 20. Quiz yourself with questions and answers for Texas Principles of Real Estate 1: Exam Prep, 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 If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _____ before he can apply for a license., Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the ...
79 of 79. Quiz yourself with questions and answers for Tennessee (state exam)Real Estate, 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.There’s been a debate brewing about why so many young doctors are failing their board exams. On one side John Schumann writes that young clinicians may not have the time or study h...Study with Quizlet and memorize flashcards containing terms like Which of the following statements is TRUE about mobile home sales?, To be regarded as an ...Dominant Tenement. Benefits from the servient tenement. What is the amount of real estate tax due on a property with a market value of $140,000 if it is assessed at 30% of market value, has an equalizer of 1.5, and a tax rate of $5.00 per $100.00 of assessed value? 140,000 x .30 = 42,000. 42,000 x 1.5 = 63,000.Instagram:https://instagram. lincoln serial number lookupjohn deere la135 problemshow long for mpre resultsdetention center greenville 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 …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. who just texted melowcountry medical group patient portal 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 A professional opinion of a property's market value, based on established methods and using trained judgement, is performed by A. A real estate attorney B. A real estate appraiser C. A real estate counselor D. A home inspector, In general, when the supply of a certain commodity increases A. Price tends to rise B. Price tends to ... allergy alert austin 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 …D. Administering the state exams. A. Making and enforcing the rules by which real estate licensees must abide. The TREC makes and enforces the rules the govern all activities of real estate licensees. These rules support real estate law that is enacted by the legislature. Practice Real Estate Final Exam 02.