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Barney Fletcher Real Estate Tests Compilation Bundle

Barney Fletcher Real Estate Tests Compilation Bundle

14 items

Barney Fletcher Cram Final Exam| 100 QUESTIONS| WITH COMPLETE SOLUTIONS

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A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an ope...

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Georgia Real Estate - **Barney Fletcher**| 400 QUESTIONS| WITH COMPLETE SOLUTIONS

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Leasehold Estate- Estate for Years correct answer: A lease for a specific perios of time, with no renewal option. No notice required. Death will not terminate. Leasehold Estate- Periodic Tenancy (Estate from year to year) correct answer: Month to Month, usually one rental period notice. Proper...

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Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS

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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition correct answer: B. conformity If you took projected future costs from projected fut...

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Barney Fletcher Real Estate Exam| 235 questions| with complete solutions

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Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? correct answer: False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with t...

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barney fletcher math loans questions with complete solutions

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Bob and Carol are buying a home for $180,000 and putting up a down payment of 20%. They have to pay 2 discount points. What will be the amount paid for the discount points? Select one: a. $3,600. b. $3,250. c. $3,000. d. $2,880. correct answer: $180,000 price X 20% = $36,000 down payment. $180...

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Barney Fletcher Math Questions With Complete Solutions

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What is the formula for Tax Prorations? correct answer: (Annual Tax / 365)x number of days of prorations If a closing is before July 1 who pays the prorated tax? correct answer: Seller If closing is on or after July 1 who pays the prorated tax? correct answer: Buyer What is the formula f...

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Barney Fletcher Section I Study Guide QUESTIONS WITH COMPLETE SOLUTIONS

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Bundle of Rights correct answer: The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the property. Right to possess property correct answer: Right that states the title holder is the legal owner of the property RIght of Control correct answer: The title ...

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Barney Fletcher Test Review| 50 QUESTIONS| WITH COMPLETE SOLUTIONS

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1. Open Listing (Non-Exclusive) correct answer: May be given to many brokers. Only the broker who is the "procuring cause" gets paid. 2. Truth in Lending Act (Regulation Z) correct answer: Requires meaningful disclosure of cost of credit including APR (Annual Percentage Rate). 3. Trust Acc...

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Barney Fletcher GA Real Estate| 102 QUESTIONS| WITH COMPLETE SOLUTIONS

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hypothecate correct answer: to use property as security for debt without giving up possession of it promissory note correct answer: a contract for a maker to repay a loan to the bearer, that is evidence of the debt. Bearer holds note, & it states the loan amount, interest rate, time & method of...

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Barney Fletcher GA Real Estate Salesperson QUESTIONS WITH COMPLETE SOLUTIONS

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Ad Valorem correct answer: latin for "according to value" Ad Valorem Tax correct answer: state or local tax based on the value of the property being taxed; finances general operation of the govt Special Assessment Tax correct answer: affect local properties benefiting from an improvement;...

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Barney Fletcher Cram Notes Booklet| 230 QUESTIONS| WITH COMPLETE SOLUTIONS

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deed correct answer: the instrument used to transfer real property Title correct answer: Ownership and the owner's rights Real Estate correct answer: Land + improvements (appertenances) Physical Characteristics of Land correct answer: 1. Immovable 2. Indestructable 3. Non-Homogenous ...

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Barney Fletcher Section 1| 70 QUESTIONS| WITH COMPLETE SOLUTIONS

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"Real Estate" correct answer: Physica land and improvements (permanent manmade improvements (such as sidewalks , building, and ponds)) "Real Property" correct answer: Includes Land, improvements, as well as The Bundle of rights from the sky to ground "Bundle of Rights" correct answer: ...

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Barney Fletcher Principles of Real Estate: Section 1 Study Guide QUESTIONS WITH COMPLETE SOLUTIONS

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Consists of: the land itself, airspace above the land, mineral rights, improvements of and to the land, fixtures, fructose naturals, water rights, appurtenances, easements, and interests, benefits and ownership rights correct answer: What is the nature of real property? All property that is not...

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Barney Fletcher Exam questions 2 QUESTIONS WITH COMPLETE SOLUTIONS

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An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution correct answer: B. highest and best use ...

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