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VanEd Real Estate National Portion Exam Review 2 exam Questions & Answers.
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VanEd Real Estate National Portion Exam Review 2 exam Questions & Answers.
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VanEd Real Estate National Portion ExamReview 2 exam Questions & Answers
Which hestate hcan hbe htransferred?
1.A hleasehold hestate h
2.Fee hsimple h
3.Defeasible hfee h
4.Reversionary hestate h- hANS-2.Fee hsimple
If ha hrural hsubdivision hloses hthe hbenefit hof hfire hprotection hfrom ha hnearby hcity,
hwhich hof hthe hfollowing hforms hof hdepreciation hBEST hdescribes hthe hloss hof hvalue?
1.Physical hdeterioration
2.Functional hobsolescence
3.Economic hobsolescence h
4.Regression h- hANS-3.Economic hobsolescence
The hprocess hby hwhich hgovernment htakes hprivate hproperty hfor hpublic huse his hknown
has
1.Police hpower
2.Eminent hdomain h
3.Condemnation h
4.Escheat h- hANS-3.Condemnation
A hbroker hassociate his hlisting ha hhome hwith h2,000 hsquare hfeet hof hliving harea. hThe
howner hinsists hon ha hlisting hprice hthat hreflects h$95 hper hsquare hfoot hof hliving harea,
hplus h$54,000 hfor hthe hbuilding hsite, hand hincludes ha h5% hsales hcommission. hThe
hlist hprice hwill hbe
1.$270,000.00 h
2.$237,142.00
3.$256,200.00
4.$256,842.00 h- hANS-4.$256,842.00
2,000 hsquare hfeet hX h$95 h= h$190,000 h+ h$54,000 h= h$244,000 h$244,000 hdivided hby
h95% h(0.95) h= h$256,842.11.
Remember, hthe hvalue hof hthe hhome hand hland his h95% hof hthe hamount hit hmust hsell
hfor hto hyield ha h5% hcommission. hThe hcommission his hNOT hbased hon hthe h$244,000.
, A hbroker's hauthority hunder ha hlisting hcontract hincludes
1.The hright hto hsign ha hcontract hon hbehalf hof hthe hseller
2.Any hact hperformed hin hthe howner's hbest hinterest
3.Only hthe hauthority hgranted hor himplied h
4.The hcustomary hauthority hof ha hgeneral hagent h- hANS-3.Only hthe hauthority hgranted
hor himplied
h- hANS-
A hrecapture hclause hin ha hlease hallows
1.The hlessor hto hautomatically htake hback hthe hpremises hfor hnon-payment hof hrent h
2.The hlessee hto hautomatically hrenew hthe hlease hwithout hhaving hto hprovide hnotice
3.The hlessor hto hterminate ha hlease hif hthe hlessee hdoes hnot hachieve ha hspecific
hvolume hof hsales h
4.The hlessee hto hvacate hif hthe hpremises hbecomes huninhabitable h- hANS-3.The
hlessor hto hterminate ha hlease hif hthe hlessee hdoes hnot hachieve ha hspecific hvolume hof
hsales
When ha hproperty hgoes hinto hforeclosure hand hthen hthe howner hexecutes ha hlease,
h_______ hwhen hthe hproperty hchanges hownership.
1.The hlease hterminates h
2.The hmortgagee hbecomes hthe hlessor
3.The hparty hthat hpurchases hthe hproperty hin hforeclosure htakes hover hthe hlease h
4.The hlessee hcontinues hto hpay hrent hfor h6 hmonths h- hANS-1.The hlease hterminates
Which hstatement hregarding hethics his hINCORRECT?
1.Good hethics hgenerally hequates hto hgood hbusiness. h
2.Ethics hgo hbeyond hwhat hthe hlaw hrequires.
3.Ethics hset hforth hminimum hacceptable hstandards hof hbehavior. h
4.A hgood htest hfor hethics his hthe hGolden hRule. h- hANS-3.Ethics hset hforth hminimum
hacceptable hstandards hof hbehavior.
Which hof hthe hfollowing hare hthe hmeasurements hof ha hquarter hsection?
1.1/4 hmile hby h1/2 hmile
2.1/4 hmile hby h1 hmile
3.1/2 hmile hby h1/2 hmile h
4.1/8 hmile hby h1/8 hmile h- hANS-3.1/2 hmile hby h1/2 hmile
A hsection his h1 hmile hon hall h4 hsides. hBisecting heach hside hcreates h4 hquarters hor
h1/2 hmile hper hside hof hthe hquarter.
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