AYPO REAL ESTATE SOLUTION PACK,ALL SECTIONS INCLUDED AND ANSWERED CORRECTLY,TOP GRADE GUARANTEED 2024.

Real Estate Contracts Review Test 2024. Actual eviction - ANSWER The legal process that results in the tenants being physically removed from the leased premises Addendum - ANSWER When signed by the parties, adds to the existing contract Amendment - ANSWER When signed by the parties, changes o...

Real Estate Finance Test of the following clauses in a loan agreement enable the lender to demand the entire remaining dept be paid immediately EXCEPT a/n a. due-on-sale clause b. alienation clause c. defeasance clause d. acceleration clause - ANSWER defeasance clause A real estate loan paya...

Texas Real Estate Finance Exam Questions 2024. secondary - ANSWER The _______ market refers to the selling and purchasing of closed real estate mortgage loans. bought and sold - ANSWER The secondary market is a national market in which mortgages secured by real estate in all parts of the United ...

NYS Real Estate Final Exam Guide 2024. NYS Dept of State - ANSWER agency that licenses real estate agents/brokers Property law name - ANSWER Article 12A Types of real estate licenses (3) - ANSWER salesperson, associate broker, broker An associate broker... - ANSWER has no broker powers ...

Real Estate Advanced Test 2024. B. They apply only to tangible assets. - ANSWER 1. A principal definition of real estate is as a bundle of rights associated with the possession, use, and disposition of property. Each of the following is a fundamental characteristic of property rights EXCEPT: A. Th...

Real Estate 101 Questions 2024.Which of the following is TRUE concerning fee appraisers? - ANSWER They are self-employed The rights and interests that a person has in the thing owned is the definition of: - ANSWER Property One acre equals: - ANSWER 43,560 square feet. Which of the following...

Massachusetts Real Estate Test Definitions Correctly Answered 2024.21E Certificate - ANSWER Certifies that property is free from contamination 203(b) - ANSWER FHA financing program for anyone purchasing a primary 1-4 family, owner-occupied residence 1031 Exchange - ANSWER Way to defer capital ...

SC Real Estate Vocabulary Prediction Exam 2024.Agency - ANSWER Legal relationship-one represents another in legal matter Attorney-in-fact - ANSWER the person receiving the power of attorney Buyer's broker - ANSWER agent who takes a buyer as the principal Cooperating broker - ANSWER A real ...

Real Estate Finance Exam Sheet 2024.The minimum downpayment on a VA loan is: - ANSWER 0% of the sales price _________ is the process of creating a new mortgage loan. - ANSWER Origination A veteran can have more than one VA loan: - ANSWER (a)If the prior VA loan was paid in full and the propert...

National Real Estate Advanced Review Test 2024.Unilateral Contract - ANSWER Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - ANSWER Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/P...

SC Real Estate Vocabulary Final Prep Exam 2024. Agency - ANSWER Legal relationship-one represents another in legal matter Attorney-in-fact - ANSWER the person receiving the power of attorney Buyer's broker - ANSWER agent who takes a buyer as the principal Cooperating broker - ANSWER A rea...

Real Estate Principles Questions & Answers 2024.The Transfer Disclosure Statement (TDS) is required in which type of transaction? A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales involving one-to-four-family dwellings, except for specified exempt transactions ...

Real Estate Calculations Prep Exam 2024.Edric owes $115,000 on his lakefront home, which he's selling for $350,000. He's spent $73,000 in major renovations, and he wants to take that expense into consideration when he calculates how much he'll actually pocket at closing. What number does he come ...

REAL ESTATE NATIONAL EXAM GUIDE e of rights - ANSWER posess, use, transfer, encumber, exclude the right to mortgage property as collateral for debt - ANSWER the right to encumber doctrine of prior appropriation - ANSWER in some states water is owned by govt, individual use requires approval ...

Real Estate Math Practice Questions 2024.How do you change a fraction to a decimal? - ANSWER Divide the top number (numerator) by the bottom number (denominator) How do you change a decimal to a percentage? - ANSWER Move the decimal two places to the right and add a % symbol How do you change ...

Champions Real Estate Finance Review Exam age Broker - ANSWER Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWER Provide their own funds for the purpose of providing mortgage financing ...

Real Estate Exam Review Guide 2024. - ANSWER A veteran buying a home from a for sale by owner and financing it with a VA loan can do all of the following except: - ANSWER Immediately rent the home after closing to make the monthly payments After Charlie's death, his Will indicated that all ...

Real Estate Principles Final Study Guide Exam 2024.1. One of the elements of a valid contract is mutual consent—an offer and an acceptance. A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. b. broker is notified of the seller's acceptance. ...

Maine Real Estate Examination Guide 2024.What is a branch office? - ANSWER A location where business is regularly conducted or that is advertised as where the public may contact the agency. How old must you be to apply for a real estate license in Maine? - ANSWER 18 What is the maximum fine th...

class test real estateconstruction - ANSWER Real estate professionals provide expert knowledge concerning the transaction. What area of expertise are licensees NOT expected to possess? farming - ANSWER A sales associate has decided to concentrate on trying to obtain listings from a particular nei...

Maine Real Estate Prep-Exam 2024.What is a branch office? - ANSWER A location where business is regularly conducted or that is advertised as where the public may contact the agency. How old must you be to apply for a real estate license in Maine? - ANSWER 18 What is the maximum fine that LUPC ...

Real Estate Valuation Exam 2024.What well-known economic principle says that a property's value is determined by what it would cost to purchase a similar property? - ANSWER Substitution Marsha made an offer of $325,000 on a home listed for $350,000. The seller accepted her offer. She's now havi...

Principles of Real Estate #1 Questions 2024. Texas Real Estate Agent - ANSWER A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? - ANSWER No. There are two types of...

California Real Estate Midterm Exam 2024.How is an individual selected to act as Real Estate Commissioner? - ANSWER The individual is appointed by the governor What does the Real Estate Advisory Commission do? - ANSWER Discusses real estate policy and makes recommendations to the Commissioner ...

REAL ESTATE 1 PRACTICE QUESTIONS 2024. the court action to evict a tenant is known as - ANSWER unlawful detainer action a lease whereby the landlord receives a set rent and the landlord pays property expenses is an - ANSWER gross lease a lease whereby the tenant pays the landlord a set rent a...

Real Estate – Acronyms Study Guide 2024.DEEP + C - ANSWER Bundle of Legal Rights - Disposition, Enjoyment, Exclusion, Possession, Controls COLD + AC - ANSWER Six Common-law fudiciary duties - Care, Obedience, Loyalty, Disclosure, Accounting, Confidentiality PETE - ANSWER Four government powe...

IDAHO Real Estate Review Test 2024.An agent unconditionally gave his buyer a new riding lawn mower after a transaction closed as a 'thank you'. This activity is A. OK B. Illegal C. Inappropriate D. Inducement - ANSWER A. OK What is the maximum fine for an unlicensed person practicing real e...

INDIANA Real Estate Exam Guide 2024. The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - ANSWER Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - ANSWER Salesperson, bro...

California Real Estate Test Exam 2024.Broker A receives two offers on Seller B's house, which is listed for sale at $250,000. The first offer is for all cash at $200,000. The second offer is for 20% down with 80% financing for the full price. What should the broker do with respect to both offers? -...

Real Estate TerminologyAddendum - ANSWER something added, as an attachment to a contract or lease. The part of the lease document that contains custom features of the lease agreement. Synonymous with Rider Amortization - ANSWER a gradual payoff of a debt by periodic installments over a specifie...

Texas Real Estate Agency Advanced Test 2024. Agent - ANSWER A person who accepts a designation of authority by agreeing to act for the principal. Broker - ANSWER A Texas real estate licensee who is authorized by law to sell, exchange, purchase, lease real estate or perform other related acts in ...

Real Estate - National Ownership Review Exam Guide 2024.A court orders Jerry to allow neighbor Loretta to drive across his property because it is the only way Loretta can reach her property from a public road. The easement created is an 1 - easement in gross. 2 - easement by prescription. 3 - e...

National Real Estate Questions Clearly Answered 2024. Unilateral Contract - ANSWER Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - ANSWER Contract containing TWO promises. Example: A listing agreement is a bilateral contract ...

Real Estate National Valuation Questions 2024.The concept of economic life is best characterized as 1 - The actual age of a structure or structural component. 2 - The effective age of a structure or structural component. 3 - The anticipated period of time an improvement will last for depreciati...

Geography Of Real Estate Exam Guide 2024. Highest and Best Use - ANSWER The possible use of a property that would produce the greatest net income and thereby develop the highest value. Zoning - ANSWER the practice of classifying areas for different types of development and land use single-fam...

Real Estate Chapter 6 Questions Correctly Answered of the following reasons are valid basis for terminating a listing agreement except A sale of the property. B death of the salesperson. C agreement of the parties D destruction of the premises. - ANSWER B death of the salesperson. a listing ag...

Real Estate Test Exam Illinois 2024. implied agency - ANSWER legal finding that your behavior implied a legal relationship (intent) express agency - ANSWER no ambiguity in behavior. explicitly define legal relationship real estate - ANSWER = land + improvements (any addition to land, regardle...

National Real Estate Remedial Test 2024.Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - ANSWER Because the property deed was held by a third-party trustee instead of the l...

Champions School of Real Estate1 Principles Questions 2024.3 Physical Characteristics of Land - ANSWER Indestructibility or durability Immobility Non homogeneity Mortgage Lending - ANSWER business of providing money to individuals or corporations for the conditional transfer or pledge of real e...

National Real Estate Exam Practice Questions 2024. Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - ANSWER Because the property deed was held by a third-party trustee inst...

FL REAL ESTATE CHAPTER 2 Exam 2024. 1. The Florida Real Estate Commission was first created in what year? (a) 1932 (b) 1925 (c) 1923 (d) 1919 - ANSWER Your answer: B The first Florida Real Estate Commission was created in 1925 to administer and enforce the law, streamlining the process by rem...

REAL ESTATE THE GREEN DEMAND REVIEW TEST 2024.Which of the following is NOT a green indicator that can signify that a home is environmentally friendly? - ANSWER Green Leaf certified WRONG ENERGY STAR® certified LEED® certified RESNET HERS score What is the Prius Effect? - ANSWER The idea ...

Real Estate Questions National Finance Test 2024.The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by exec...

REAL ESTATE LAW PRE-TEST 2024. Real Property - ANSWER Interests, benefits, and rights associated with real estate ownership Counter Offer - ANSWER A new offer made as a reply to an offer recieved. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless reviv...

PSI Real Estate Advanced Exam 2024. Bilateral - ANSWER What is a type of contract in which two parties are legally bound to act? Functional Obsolence - ANSWER What is one kind of real property depreciation caused by poor design? Grantee - ANSWER What is the name of the party who aquires the t...

Real Estate Investments Test Guide 2024. Roger's home originally cost him $165,000. For the first six years he lived there, his house grew in value at a rate of 1.6% per year. After that, his property value increased by 3.9% per year for the next eight years. To the nearest hundred dollars, how mu...

PSI Real Estate Study Questions 2024.Bilateral - ANSWER What is a type of contract in which two parties are legally bound to act? Functional Obsolence - ANSWER What is one kind of real property depreciation caused by poor design? Grantee - ANSWER What is the name of the party who aquires the t...