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CE Shop KY Course Final exams questions and answers.
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CE Shop KY Course Final exams questions and answers. CE Shop KY Course Final exams questions and answers. CE Shop KY Course Final exams questions and answers. CE Shop KY Course Final exams questions and answers.

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  • August 24, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ce shop ky course final exams questions and answer

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CE Shop KY Course Final exams questions
and answers




An
/appraiser
/will /identify /the /general /and /specific /data /needed /for /an /appraisal. /What /will /determine /the /type
/of /additional /data /needed? /- /correct /Answers /✔✔ /-The /type /of /property


Which
/of
/the
/following /is /a /true /statement /regarding /new /construction /properties? /- /correct /Answers /✔✔ /-
Both /home /inspections /and /title /insurance /are /recommended.

Under
/which
/type
/of /buyer /agency /agreement /does /a /buyer /receive /the /most /representation /from /a /single /agent? /-
/correct /Answers /✔✔ /-Exclusive /right /to /represent


When /
a /local /planning /board /is /reviewing /density, /it /would /consider /______. /- /correct /Answers /✔✔ /-
Setbacks /and /boundaries

Which
/of /the /following /statements /about /net /listings /in /Kentucky /is /true? /- /correct /Answers /✔✔ /-
They're /illegal.

Which
/document
/provides
/an /estimate /of /the /costs /a /buyer /is /likely /to /pay /at /settlement? /- /correct /Answers /✔✔ /-
Loan /Estimate

The /Johnsons /are /shopping /for /a /mortgage /loan /and /are /attracted /to /the /below-
market

,/interest
/rate
/offered
/for
/the
/first /year /of /an /adjustable /rate /mortgage. /What's /this /type /of /rate /called? /- /correct /Answers /✔✔
/-Teaser /rate


Which
/of
/the
/following,
/based
/on
/the
/abstract
/of
/title,
/is /used /to /create /the /title /commitment /before /title /insurance /is /issued? /- /correct /Answers /✔✔ /-
An /attorney /opinion /of /title

Which /of /the /following /best /describes /market /price? /- /correct /Answers /✔✔ /-
The /amount /that /a /buyer /has /paid, /and /a /seller /has /accepted /for /a /property.

Property
/ownership /for /an /indeterminable /length /of /time /is /an /example /of /what /form /of /estate? /- /correct
/Answers /✔✔ /-Freehold


What /size /trade /areas /do /neighborhood /shopping /centers /have? /- /correct /Answers /✔✔ /-Three-
mile

The
/appraiser
/applies /
a
/capitalization
/rate
/to /an /income /comparison /of /similar /properties /with /which /of /the /four /methods /used /to /measure
/depreciation? /- /correct /Answers /✔✔ /-Capitalized /value


In
/most
/transactions
/involving /

, a
/buyer
/or
/seller,
/real
/estate
/agents
/have
/limited
/authority
/to
/act /on /behalf /of /their /clients. /Therefore, /which /type /of /agency /relationship /are /they /in? /- /correct
/Answers /✔✔ /-Special


Jillian /has /a /loan-to-value /ratio /of /90/10. /This /means /______. /- /correct /Answers /✔✔ /-
Her /loan /is /90% /of /the /value /of /the /real /estate /used /as /collateral /and /she's /putting /10% /down.

Which
/one
/of /the /following /statements /regarding /depreciation /schedules /is /true? /- /correct /Answers /✔✔ /-
Commercial /income-
producing /properties /are /depreciated /longer /(39 /years) /than /residential /income-
producing /properties /(27.5 /years) /are.

Which
/of
/the
/following
/will /an /appraiser /do /first /when /using /the /sales /comparison /approach? /- /correct /Answers /✔✔ /-
Identify /features /of /the /subject /property /that /are /in /demand /in /the /market.

What /practice /did /the /Fair /Housing /Act /of /1968 /attempt /to /eliminate? /- /correct /Answers /✔✔ /-
Discrimination /through /blockbusting, /steering, /and /redlining

The
/duty
/of
/confidentiality
/survives
/agency /unless /the /former /client /is /found /guilty /of /fraud /or /______. /- /correct /Answers /✔✔ /-
the /information /is /known /from /other /sources.

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