Quizlet real estate practice exam.

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.A written opinion of the value of real property, often requested by relocation companies and lenders involved in short sales of distressed properties. Real Estate licensees who engage in the sale, purchase, or lease of a business. The Real Estate activity dealing in the sale, purchase, or lease of businesses.Describes land by providing metes and direction (course and bearing) of each boundary line. Metes and Bounds should contain... 1. specific length and direction of sides of the property. 2. Definite point of beginning (permanent reference point, like a monument) 3. Definite corners.Multiply $392,000 × 0.51% (or .0051) for a total of $1,999.20. Then, to find the monthly property tax amount, divide $1,999.20 by 12 (months in a year) = $166.60. 2 of 107. Term. After the closing, North Carolina broker Donna ensures that her client and customer both have copies of all transactional paperwork.Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ...

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 What is the state intangible tax when a buyer assumes a mortgage of $60,000 and takes out a new mortgage of $20,000?, If the Federal Reserve votes to lower the discount rate, how will this likely affect interest rates on short-term credit?, A subject property has four bedrooms. A comparable …

Study with Quizlet and memorize flashcards containing terms like 1 of 50 - Ensuring consumers are fully informed of all finance changes and aware of the true annual interest rate are requirements of which regulation? A. Article 7 B. RESPA C. Truth in Lending D. Uniform Settlement Statement, 2 of 50 - Patrice and Cornell are completing a sales contract with Mary, their agent. The sales contract ...10. An agency relationship created by an oral or written agreement between principal and agent is a (n) 11. Martin signs an exclusive-right-to-sell listing agreement for six months with Broker Gerald. Within one month, Martin sells his house himself and refuses to pay a commission to Gerald.Real estate Practice exam 1. Get a hint. C. community development district. Click the card to flip 👆. An independent special district authorized by statute to issue bonds to raise funds to construct infrastructure for a residential development is. A. community association. B. special tax district. C. community development district.Study with Quizlet and memorize flashcards containing terms like Consent Order and Agreement, Economic Characteristics of Real Estate, Physical Characteristics of Real Estate and more. ... Real Estate Practice Final. 55 terms. kmsproull. Preview. Economics- Review part 4 . 17 terms. Emilylopez1616. Preview. Econ Exam 2.

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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.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.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.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 Unilateral Contract, Bilateral Contract, Client/Principal and more. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. PSI National Exam for Real Estate. 544 terms. TashaNichole30. Preview. 3.6 Civil Rights. Teacher 10 terms. Charndra_Carias. Preview.The #1 Rated Free Michigan Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff.Study with Quizlet and memorize flashcards containing terms like Income tax deductabile in home ownership, When should purchase price be decided with 60 day option, The 1988 Amendments to the Fair Housing Act and more. ... GA REAl ESTATE PRACTICE EXAM. Flashcards. Learn. Test. Match.

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.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.28 of 28. 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.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.68 Multiple choice questions. Definition. -The office must consist of at least one enclosed room in a building stationary construction where negotiations and the closing of the real estate with privacy. -A principle office is registration is transferrable to a new location for the remainder of the current registration period.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 ...

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.

68 Multiple choice questions. Definition. -The office must consist of at least one enclosed room in a building stationary construction where negotiations and the closing of the real estate with privacy. -A principle office is registration is transferrable to a new location for the remainder of the current registration period.the unlawful practice of refusing real estate related business services based on location of a person's real property. ie: lending institutions or insurance companies a type of listing in which a seller desires to sell real property and receive a guaranteed amount of money for the sale, so that the broker's commission is any sale price amount ...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 ...County Tax rate = $75 / $1,000 = 0.075. County Taxes = $9,000 x 0.075 = $675. Next, we can use this information to determine the amount of taxes received by the city: City Tax rate = $10 / $75 = 0.133. City Taxes = $675 x 0.133 = $89.78. Rounded to the nearest dollar, the city will receive $90 in taxes from the county.Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ... 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. Question 1 Contracts Practice Test for the Real Estate License Exam. Question 1. Foreclosure occurs when a ____ seizes and sells a borrower's ____ after the borrower has failed to ____ the lender. bank, personal property, appreciate.Real estate Practice exam 1. Get a hint. C. community development district. Click the card to flip 👆. An independent special district authorized by statute to issue bonds to raise funds to construct infrastructure for a residential development is. A. community association. B. special tax district. C. community development district.Study with Quizlet and memorize flashcards containing terms like Unilateral Contract, Bilateral Contract, Client/Principal and more. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. PSI National Exam for Real Estate. 544 terms. TashaNichole30. Preview. 3.6 Civil Rights. Teacher 10 terms. Charndra_Carias. Preview.

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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.

Study with Quizlet and memorize flashcards containing terms like improvements made to real property become part of the real property because of?, ...Listed below are all of our real estate practice exams. Make sure to use the answer explanations at the end of each exam to better understand complex concepts. Real Estate Practice Exam #1. Real Estate Practice Exam #2. Real Estate Practice Exam #3. Real Estate Practice Exam #4. Real Estate Practice Exam #5.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 ...1. Refuse to sell or rent a house. 2. Offer different terms, conditions, or privileges when selling or renting a house. 3. Indicate preference or limitation when advertising a home. 4. Coerce, threaten, intimidate, or interfere with a person's housing rights. This act prohibits housing discrimination based on race or color.60 of 60. Quiz yourself with questions and answers for Appraisal Real Estate practice exam 1, 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 The science that describes the management, creation, and study of money, banking, credit, investments, assets, and liabilities is, Most real estate cycles in Texas are determined by:, _____ measure(s) the wealth and resources of a particular area or region, as well as production and consumption. and more.Study with Quizlet and memorize flashcards containing terms like Maria acquires a property from her uncle Alfonso. ... Pearson Vue Real Estate Practice Exam. 67 terms. Ms_darcy. Preview. Digital Marketing Final Study Guide - Chapter 6. 47 terms. super_nutellala681. Preview. Tourism geo - mid term - lists. 26 terms.Get a low 4.925% APR. Calvin purchased a house for $220,000, financing $200,000 using a 30-year conventional mortgage at 4% interest. His monthly payment is $955, including both principal and interest. The annual property taxes are $1,400 and the combined annual insurance premium is $900.

Study with Quizlet and memorize flashcards containing terms like Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency ... 214 Multiple choice questions. Term. 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. Online banks. 20 of 20. 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 equity, operating expenses, recommend that the buyer insert an inspection contingency in the purchase agreement and more. ... Pearson Vue Real Estate Practice Exam. 67 terms. Ms_darcy. Preview. 1040EZ Quiz - BUS030 Persona. 6 terms. ashleylimburg70. Preview. Civil Procedure ...Instagram:https://instagram. 850 enterprise parkway suite 1500 hampton va 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. carenow urgent care avery ranch 81 of 81. Quiz yourself with questions and answers for Real Estate Exam (Math Portion), Real Estate Math Practice Problems, 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. firehouse subs bozeman easement appurtenant. carpenter ants. mediation. 20 of 20. Quiz yourself with questions and answers for Real Estate national 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. gp100 red dot mount 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 ... pollen count king of prussia This free practice exam is here to help you master the state-specific portion of the Texas Real Estate Practice Exam real estate exam. In Texas, there are 125 questions on the exam (85 national and 40 state). For help with the national we have our free national quiz. That section can be used to study the topics featured on those 85 questions.Study with Quizlet and memorize flashcards containing terms like Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only, Susie is employed by broker Joe to show rental properties that he manages. She shows rental units, collects security deposit checks made payable to the owner, and delivers leases. Based on these actions, Susie: Must be a real ... current nfl playoff bracket REAL ESTATE PRACTICE EXAMS 2. Charles wanted to offer to purchase Tony's home and engaged Mary to be his agent. When the offer was delivered to Tony, it had a provision limiting the time for acceptance to 48 hours. Tony rejected the offer. After thinking about it for 36 hours, Tony changes his mind. What is true of the offer? It was terminated ...Answer - japan. Japan has 25% population older than 65 and 13% population younger than 15. Since the proportion of senior citizens is the highest and the proportion of young citizens is the second lowest compared to other places, the average age of the population in Japan is probably the oldest in East Asia. hesco 4601 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 ... 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. bmf markisha husband Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ... m34a schedule Refers to distance. Making money. Mixing a customers money with your money. 20 of 20. Quiz yourself with questions and answers for REAL ESTATE STATE 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 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 … klingele vet clinic quincy il 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 duty of supervising and controlling all aspects of the offering of a timeshare plan?, If the broker finds out that a …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 ... long suits crossword clue She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must pass the licensing exam with a minimum score of 80%. She must provide her licensing history to the commission within 120 days before the commission issues the license. 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 All offers must be presented to the seller. look up scenarios on pdf. Study with Quizlet and memorize flashcards containing terms like Where was the first real estate act passed?, When was the Texas Real Estate Commission created?, What are examples of loyalty? and more.