Real Estate Final Exam | 100 Questions| Correct 100%

Zoning is under the control of: - ANSWER government agencies. A contract that is binding and enforceable in a court of law is said to be: - ANSWER valid. Escrows base monthly prorations on how many days? - ANSWER 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANSWER 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - ANSWER $7,000 Misuse of the real estate appraisal report or coercion of the appraiser are now: - ANSWER federal felonies. A person who is authorized by the Secretary of State to witness the acknowledgement of documents is known as a(n): - ANSWER notary public. A broker who mixes personal funds with his or her principal's funds is guilty of: - ANSWER commingling. Real property consists of: - ANSWER land and structures on the land anything incidental to the land anything appurtenant to the land Which of the following is NOT one of the forces that affect the value of a neighborhood? - ANSWER Past sales considerations