|REAL ESTATE| COMPILES TEST BANKS [Graded A+] Revised and Approved Study Set

NY REAL ESTATE EXAM REVIEW QUESTIONS |Latest Release| Graded A+ 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead *Ans* -B: Salesperson can accept compensation only from their sponsoring broker....

#1 National Real Estate Exam Practice Questions with 100% Correct Answers |Graded A| A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... *Ans* improvements A property owner...

Arkansas Real Estate Exam Study Set |Graded A+| # LATEST principal broker *Ans* an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business'...

OKLAHOMA REAL ESTATE EXAM STUDY SET |Graded A+| # LATEST UNILATERAL CONTRACT *Ans* WHAT TYPE OF CONTRACT IS A REAL ESTATE OPTION CONTRACT? SUBSTITUTION *Ans* DURING AN APPRAISAL OF A RESIDENTIAL PROPERTY AN APPRAISER ESTIMATES THE COST OF REBUILDING THE SUBJECT PROPERTY SO THAT IT IS IDENT...

REAL ESTATE TERMINOLOGY GUIDE |UPDATED| #Revised Exam Prep A summary of digest of the conveyance, transfer and any other facts elide on as evidence of title, together with any other elements of record which may impair the title *Ans* ABSTRACT OF TITLE A clause in a trust deed or mortgage giv...

Real Estate Salesperson License Exam Questions |UPDATED| #latest Test Guide The fact that an individual must go to the land describes what physical characteristics of land? *Ans* Immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has 40%. W...

|VERIFIED| MA Real Estate Exam Study Guide 100% Correct Appraisal *Ans* An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage *Ans* The business of bringing people together in a real estate transaction. Commerical *Ans* The types of ...

KY Real Estate Exam Revised Study Set 100% Correct Accretion *Ans* Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant *Ans* Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door...

REAL ESTATE 2024 Release {Revised Exam Study Guide} Real Estate Broker *Ans* a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson *Ans* a person who peforms real estate activities while associated with a licensed real estat...

1-Introduction to Real Estate Exam 1 Review |Graded A+| real estate salesperson existence dependent on *Ans* broker broker *Ans* one who is licensed to represent another persona in a real estate transaction with the intent to revive compensation or valuable consideration who/what can be a bro...

#2024 Texas Real Estate Exam (State) Exam with 100% Correct Answers Texas Real Estate Commission (TREC) *Ans* -created in 1949 -purpose: to administer the provisions of the License Act -authority to make rules and regulations -9 members (3 represent the general public, 6 are real estate brokers...

Lowa Real Estate Exam Prep Study Set |UPDATED| Correct Answers In Iowa, who administers real estate license law? *Ans* Iowa Real Estate Commission The members of the Iowa Real Estate Commission are appointed by the *Ans* Governor, subject to senate approval The real estate commission has the ...

Latest Real Estate Final Exam- 100 Questions and Answers |UPDATED| Graded A+ Zoning is under the control of: *Ans* government agencies. A contract that is binding and enforceable in a court of law is said to be: *Ans* valid. Escrows base monthly prorations on how many days? *Ans* 30 The area ...

Real Estate Practice Exam Guiding Questions with 100% Correct Answers 1. Brokerage definition... *Ans* the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? *Ans* schools and cemetary 3. What is an example of functional obsolesc...

WV Real Estate Exam |Latest| Exam Study Set with 100% Correct Answers What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrenc...

[Civil Law] Real Estate Final Exam Study Guide |100% Correct| Article 12-A of the NYS Real Property Law *Ans* The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at lea...

|Latest| Real Estate Final Exam (150 Q&A) Revised and Approved A real estate licensee has a buyer agency agreement. What is the seller in this situation? *Ans* A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to ...

Principles of Real Estate 1 Final Exam |REVISED| #Latest If a real estate salesperson closes on a transaction, who pays the salesperson their commission? *Ans* The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property ...

Utah Real Estate Exam Guide Question with 100% Correct Answers |Graded A+| b. be afforded a hearing before the Utah Real Estate Commission *Ans* Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must:b. be afforded a hearing before ...

Arizona Real Estate State Exam with 100% Correct Answers |latest| Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage *Ans* c. a judgement lien Which of the following is NOT an encumbrance on real property? ...

Study Guide: WV Real Estate Exam with 100% Correct Answer What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrences of specif...

#1 Texas Real Estate State Exam |LATEST RELEASE| 100% Correct Real Property *Ans* land, Improvements attached to the land, and the rights to use them Personal Property *Ans* right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SAL...

National Real Estate Exam Prep |Latest Release| 100% Correct ‘ Unilateral Contract *Ans* Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract *Ans* Contract containing TWO promises. Example: A listing agreement is a bilateral con...

Verified Louisiana Real Estate Exam Study Set |100% Correct| #Latest ___ hours of continuing ed is required of all licensees. Broken down into ___ classes. *Ans* 12 4 A ______, ______, or __________ is a business entity, which has been issued a license by the State to function as a broker. *...

NYS Real Estate Exam Prep wit h100% Correct Answers What agency issues real estate licenses? *Ans* The New York State Department of State (NYDOS), Divison of Licensing Services At what age can you become a real estate salesperson? *Ans* 18 Do you need experience in the field to become a sales...

NATIONAL REAL ESTATE EXAM PRACTICE TEST |Updated| In most cases, broker compensation, as a percentage of home price, falls somewhere between: *Ans* 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? *A...

MO Real Estate Exam Study Guide |Graded A+| Mo Statute 339 *Ans* License Law RSMO 1986 License Law *Ans* Any person who performs a RE service on behalf of another party for CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, syndicating, aucti...

NV Real Estate Exam Review |GRADED A+| # Latest Agency *Ans* Relationship between the principal (client) and agent. Business *Ans* Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit *Ans* RE broker, broker-salesman, or salesman who sells...

PSI Real Estate National Exam |UPDATED| #Latest A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called *Ans* a contract Antitrust laws prohibit competing brokers from all of the following *Ans* 1. boycotting other brokers in the marketplace. 2. dividing...

UOG Real Estate State Exam Questions with100% Correct Answers #2024 Guam System Development Charge *Ans* GWA's fee for new connections to the water and sewer lines Planned Unit Development (PUD) *Ans* A type of exception, or special use, permitted under many modern zoning ordinances, allowin...

Texas Real Estate State Exam with 100% Correct Answers |Latest Release| Real Property *Ans* land, Improvements attached to the land, and the rights to use them Personal Property *Ans* right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a ...

Michigan Real Estate Exam with 100% Correct Answers |LATEST| Accretion *Ans* The addition to real estate by accumulation of soil and land through nature. Accrued Depreciation *Ans* Loss in value of a property due to time. Difference of replacement cost and the presently appraised value. Acre...

Virginia Real Estate License Exam with 100% Correct Answers |Verified| A nonresident who obtains a license as an active salesperson in VA is required to do which of the following? *Ans* 4. Activate with a VA licensed broker. The purpose of the VA real estate license law and Board related rules ...

Maine - Real Estate Exam Prep with 100% Correct Answers |UPDATED| Fixture *Ans* An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considere...

Wisconsin Real Estate Exam Prep Graded A+ |Latest| A seller signs listing contract with firm. Who is the agent who is the principal? *Ans* Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how...

Latest California Real Estate Final Exam Multiple Choice Questions with 100% Correct Answers |Graded A+| An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities i...

Georgia Real Estate Exam Study Guide |Revised with 100% Correct Answers| latest Accession *Ans* The acquisition of title by the owner of real property to those things attached to the property by others, such as tenants, trespassers, or by nature. Acre *Ans* A measure of land area equal to ...

California Real Estate Exam Multiple Choice Q&A | Latest | Graded A+ An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between ...