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REAL ESTATE EXPRESS PA 30 HOUR FINAL EXAM PREP QUESTIONS AND ANSWERS PACKAGE SOLUTIONS
REAL ESTATE EXPRESS PA 30 HOUR FINAL EXAM PREP QUESTIONS AND ANSWERS PACKAGE SOLUTIONS
[Show more]REAL ESTATE EXPRESS PA 30 HOUR FINAL EXAM PREP QUESTIONS AND ANSWERS PACKAGE SOLUTIONS
[Show more]Pete is a sole proprietor broker and has six salespeople who he employs. On June 9th, Pete is killed in a car accident. Tom is one of the salespeople and his listing is set to close on June 20th. What will happen to the proposed closing? 
 
A). Nothing will happen. Business will go on as usual with ...
Preview 4 out of 56 pages
Add to cartPete is a sole proprietor broker and has six salespeople who he employs. On June 9th, Pete is killed in a car accident. Tom is one of the salespeople and his listing is set to close on June 20th. What will happen to the proposed closing? 
 
A). Nothing will happen. Business will go on as usual with ...
land contract - ANS buyer pays seller to occupy and use property 
 
net lease - ANS buyer pays rent and other expenses 
 
gross lease - ANS buyer pays only rent 
 
goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those who died? 
 
Tenant owns it in seve...
Preview 2 out of 6 pages
Add to cartland contract - ANS buyer pays seller to occupy and use property 
 
net lease - ANS buyer pays rent and other expenses 
 
gross lease - ANS buyer pays only rent 
 
goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those who died? 
 
Tenant owns it in seve...
Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? 
 
A) Jane paid a commission to her licensed personal assistant. 
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto acc...
Preview 4 out of 44 pages
Add to cartBroker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? 
 
A) Jane paid a commission to her licensed personal assistant. 
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto acc...
What is the loan balance called? - ANS the principal 
 
 
Charging interest in excess of this rate is called __________ or illegal interest. - ANS usury 
 
What is the total dollar amount of interest and points paid by a borrower at closing. - ANS prepaid interest 
 
What are a one-time fee...
Preview 4 out of 76 pages
Add to cartWhat is the loan balance called? - ANS the principal 
 
 
Charging interest in excess of this rate is called __________ or illegal interest. - ANS usury 
 
What is the total dollar amount of interest and points paid by a borrower at closing. - ANS prepaid interest 
 
What are a one-time fee...
Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System 
 
Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS ...
Preview 2 out of 10 pages
Add to cartUnder the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System 
 
Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS ...
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