National Real Estate Exam - Guide to Pearson Vue Book, Question sections coverage. Rated A+. Verified.
An estate for years - -The phrase definite duration refers to:
A periodic tenancy - -A lease that automatically renews itself, in the absence of notice, is:
$66,666 - -A man just sold a...
National Real Estate Exam - Guide to Pearson Vue Book , Question sections coverage. Rated A+. Verified. An estate for years - ✔✔-The phrase definite duration refers to: A periodic tenancy - ✔✔-A lease that automatically renews itself, in the absence of notice, is: $66,666 - ✔✔-A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - ✔✔-A requirement of a valid deed is that the deed be: The Truth In Lending Ac t - ✔✔-To locate buyers for other properties, a broker advertised a property that was not available but which would generate great interest. The broker's action violated: Lead paint - ✔✔-A federally mandated disclosure deals with: periodic tenancy - ✔✔-If no period is set for a residential tenancy but rent is to be paid monthly, the lease is a: $305, 851 - ✔✔-A builder wanted the listing to reflect $85 per square foot for a 2,500 square foot home plus $75,000 for the lot after the 6% commission was paid. What should the home be listed at to meet the builder's wishes? 2500x85 = 212,500 + 75,000 = 287,500/.94 = 305,851 Transfer it - ✔✔-To alienate property means to An encumbrance - ✔✔-A deed restriction is BEST described as A cloud on the title - ✔✔-A minor discrepancy concerning a title is the forfeiture of a deposit - ✔✔-An example of liquidated damages in a real property purchase contract is greater than the nominal rate - ✔✔-The annual percentage rate is property - ✔✔-Collate ral for a real estate loan is the: mortgagee - ✔✔-A clause in a mortgage that provides for the assignment of rents benefits the: the resale mortgage marketplace - ✔✔-The secondary mortgage marketplace refers to purchasing mortgages originated by financi al institutions - ✔✔-Fannie Mae activities include $291,555 - ✔✔-A straight 9% loan at 75% of a property's appraised value earned first -year interest of $19,680. What was the property's valuation? 19,680/.09 = 218,666.67/.75 = 291,555 designated agency - ✔✔-One salesperson in a broker's office had single agency with a buyer, while another salesperson in the same office had single agency with the seller on the same transaction. This situation describes forgery in the chain of title - ✔✔-A standard policy of title insurance protects the purchaser from title problems relating to: life estate - ✔✔-Which of the following tenancies is a free hold interest? defects discovered by property inspection. - ✔✔-A lender's extended policy of title insurance goes beyond standard coverage by including?
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