Quizlet real estate practice exam
a. appraisals. b. broker price opinions. c. comparative market analysis. d. real estate licensees are exempt from the provisions of USPAP. a. Appraisers are paid a fee because. a. to accept compensation based on the appraised value is a conflict of interest. b. custom dictates the method of compensation.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 ...
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D. What steps if any does a salesperson have to take ...Study with Quizlet and memorize flashcards containing terms like 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: a) encroachments b) improvements c) surface rights d) emblements, A property owner has a waterfront lot on a stream. He has the right to use the water from the ...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 property sold for $275,000 with only 3 ...only 2 answers per question Learn with flashcards, games, and more — for free. 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 35 Multiple choice questions. Term. To qualify for a real estate salesman license in Alabama, a person must: notify the commission and return the salesperson's license to the commission. complete 15 hours of C.E. courses each year. have been actively licensed for 24 out of the last 36 months in Alabama.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 ...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 ...44 of 44. Quiz yourself with questions and answers for Oklahoma 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 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 of income to show source of loan repayment, The ...1. Enforcing standards to obtain & maintain registration. 2. Establishing education standards. 3. Establishing & administering insurance requirements (including. consumer deposit protection). 4. Addressing inquiries, concerns, & complaints about the conduct of a.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.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.
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 …1. Listing/offering to list real estate for sale/rent. 2. Selling/buying or offering to sell/buy. 3. Leasing/renting or offering to lease/rent. 4. Conducting/offering to conduct a real estate auction. 5.Limited representation allows a licensee to facilitate a real estate transaction by working with both the buyer and the seller equally. In addition to the duties listed above for all licensees, a transaction broker's duties also include: Provide limited confidentiality unless waived in writing by a party.Study with Quizlet and memorize flashcards containing terms like Broker Jack has an agreement with seller Mauve that says Jack will receive compensation if anyone except Mauve sells ... Alabama Real Estate State Exam Practice. 100 terms. quizlette17569854. Preview. Ch. 5 Vocab. 30 terms. LukeGunn5156. Preview. Civil Liberties and Civil Rights ...
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 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.…
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Study with Quizlet and memorize flashcards containing terms like Which of the following is a lien on real estate? a. recorded easement b. recorded mortgage c. encroachment d. dead restriction, Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach c. market ...A misdemeanor. What dollar amount of capital gains is tax-exempt for a single person? $250,000. If a married couple sells their house for a profit of $300,000, on what amount of capital gains do they pay tax? They only pay if the profit is over $500,000. If a married couple bought a house for $50,000 and sold it for $400,000, what amount do ...
Study with Quizlet and memorize flashcards containing terms like 5 members, The Governor, 3 must have RE license, 1 non-RE person, 1 person over 60 years old and more. ... Arkansas Real Estate Practice Exam. 100 terms. pcates23. Preview. Arkansas Real Estate License Law. 173 terms. khadijah_walker4. Preview. JOUR 122 Exam 4. 59 terms. epm224 ...Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that: a. prices are at high levels. b. prices can be expected to continue to rise. c. the marketplace is not the same in different price ranges. d. the marketplace reflects the income of the buyers., Most real estate agents are involved primarily in the ...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.
In Ohio, a landlord must pay the tenant 5% interest annually on any Free Florida Real Estate Practice Exam Questions (April 2024) 100+. Florida Real Estate Exam. Hello, welcome to our Florida Real Estate Practice Exam. In Florida, there are …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. A metes and bounds description. A) must cover an area largStudy with Quizlet and memorize flashcards containing term 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.a. $5,724.60. $495,000 (property taxes) - $25,000 (homestead exemption) = $470,000 (taxable value) $470,000 (taxable value) x .01218 (12.18= .01218 mills move the decimal point 3 places to the left) = $5,724.50 (property tax cost) A sales associate earns 70% of a 6% commission on a sale of 20 acres at $5,000 per acre. Study with Quizlet and memorize flashcards containing term Students also viewed · Which statute governs the ad valorem taxation of property? · Which type of valuation technique applies a standard percentage increase or .... 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 ReStudy with Quizlet and memorize flashcards cStudy with Quizlet and memorize flashcards containing terms l 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. She must complete 60 hours of Alabama pre-licensing An owner of land that borders a non-navigable stream: a. owns the land up to the mean high water mark. b. owns the entire stream and the land under it. c. owns the land under the water to the exact center line of the waterway. d. does not own the stream since it is a public waterway. c. owns the land under the water to the exact center line of ... 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 👆. Study with Quizlet and memorize flashcards containing terms like C.[ Study with Quizlet and memorize flashcards containing terms like Term. The Broker of record can be responsible for the real A. take and subscribe the oath of office. B. file the oath of office with the county clerk's office. C. file a $15,000 surety bond with the county clerk's office. D. All of the above. D. All of the above. Nora Notary was called to notarize several documents for her cousin Peter Principal.With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Real Estate MO Learn with flashcards, games, and more — for free.