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TN Exam Prep Test 6 Verified and 100% Correct Q & A, Complete Document for Exam
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TN Exam Prep Test 6 Verified and 100% Correct Q & A, Complete Document for Exam
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TN Exam Prep TestEnter the letter for the matching Answer
1. TREC - A situation in which the A. negotiable instrument
licensee has agreements to provide
services as an agent to more than B. servient tenement
one party in a specific transaction
and in which the interests of the C. origination fee
parties are adverse.
D. adverse facts
2. A specific standard of construction
or maintenance of any aspect of an E. building code
improved property established by
local government officials. F. Duties owed to ALL parties
3. Limiting Services G. designated agent
4. A periodic charge payable by H. oral vs. written contracts
condominium owners for the
maintenance of the property's I. assessment
common elements.
J. encumbrance
5. The origination and termination point
in a metes and bounds legal K. net lease
description.
L. ethics
6. 1/4 of 1/4 always
7. A multi-use development project M. planned unit development (PUD)
requiring special zoning and
N. point of beginning (POB)
involving deed restrictions.
8. A lease which requires a tenant o O. Federal Home Loan Mortgage Corporation
pay rent as well as a share of the (Freddie Mac)
property's operating expenses to the
extent provided for in the lease P. living trust
contract.
Q. = 40 acres
9. A major secondary mortgage market
organization which buys R. present value
conventional, FHA, and VA loans
and sells mortgage backed S. Unbundling services
securities. T. dual agency
10. TREC - A licensee who has been
chosen by the licensee's managing
broker to serve as the agent of an
actual or prospective party to a
transaction, to the exclusion of other
licensees employed by or affiliated
with the broker.
11. The discounted value of an amount
of money to be received in the future
that accounts for the interest that
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