Exam (elaborations)
Fil 260 Final New /Complete Questions And Answers Graded (A+)
- Course
- Institution
Fil 260 Final New /Complete Questions And Answers Graded (A+)
[Show more]
Seller
Follow
HELLENAH
Reviews received
Content preview
Fil 260 Final New 2023-2024 /Complete QuestionsAnd Answers Graded (A+)
Quiz :1)Which policy offers all perils except exclusions? - Answer :HO3
Quiz :2)Which of the following insurances is required when purchasing and
closing on a single family home? - Answer :(double check) A and B, Title
insurance and Homeowners
Quiz :3)Which of the following is not tax deductible? - Answer :C and D,
depreciation deduction and principal portion of mortgage
Quiz :4)Which of the following statements is false? - Answer :Closing costs
and points are deductible
Quiz :5)Bought house for 60,000 and 1,000 closing costs. There is 4,400 in
permanent addition. Sold house for 100,000 with 6% commission. -
Answer :28,600
Quiz :6)How much long-term capital gain is tax free for filing jointly for selling
their primary qualified residence? - Answer :500,000
Quiz :7)Which of the following is true?I. It makes good 'tax' sense to take out a
home mortgage to pay off a car and credit card debt because interest is tax
deductibleII. As long as you are over 55, you never have to pay something? -
Answer :I only
Quiz :8)Which of the following is not a buyers closing cost in most cases? -
Answer :Agents commission
Quiz :9)The cost of title insurance secured for the owners benefit is based
off...? - Answer :Number of defects in the abstract
Quiz :10)Title insurance premiums are paid...I.AnnuallyII.Only once at time the
policy is issued - Answer :II only
Quiz :11)Risks covered in title insurance do not include: - Answer :losses
resulting from the exercise of police powers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HELLENAH. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76462 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now