REAL ESTATE 3100 final review Questions and Verified Approved Answers Graded 100% A +
3 views 0 purchase
Module
Real Estate
Institution
Real Estate
$140 is 3.5% of what amount - CORRECT ANSWER -Remember to always divide to find
the value or rate, so in this case, $140/.035 = $4,000.
3 people own a property as joint tenants. One of the joint tenants dies. How is the property now
owned? - CORRECT ANSWER -The 2 remaining joint tenants now ...
A buyer purchases a furnished condominium apartment as an investment. The document that
evidences the buyer's ownership of the furniture is a: - CORRECT ANSWER ✔✔ -Bill of Sale
A buyer received an 80% loan. if an annual interest rate was 4.5% and the monthly interest paid
was $790 what was the total sale price? - CORRECT ANSWER ✔✔ -$263,333
$790 × 12= $9,480
$9,480 ÷ .045= $210,667
$210,667 ÷ .80 = $263,333
A buyer took delivery of the deed to his new house but forgot to record the deed. Under these
circumstances - CORRECT ANSWER ✔✔ -The buyer's interest is not fully be protected against
3rd parties
A buyer's interests in real property, acquired at the moment the seller and the buyer enter into a
sales contract is known as: - CORRECT ANSWER ✔✔ -
A city took a property through eminent domain so they could build a sports complex and then
lease it to four privacy sport franchises. Would this be allowed? - CORRECT ANSWER ✔✔ -
Yes! as long as the home owners were pay compensation for the properties
A claim or interest revealed by a title search is called a - CORRECT ANSWER ✔✔ -cloud on
title
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 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 Eddiestudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.39. You're not tied to anything after your purchase.
