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TN Exam Prep questions and answers | accurate and verified with rationales | updated 2024 | graded A+ | guaranteed pass
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  • Tennessee Real Estate Prep

TN Exam Prep questions and answers | accurate and verified with rationales | updated 2024 | graded A+ | guaranteed pass

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  • August 6, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • tn exam prep
  • tn exam prep questions and answers accurate and

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  • Tennessee Real Estate Prep
  • Tennessee Real Estate Prep

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TN Exam Prep Matching
Write the letter corresponding to the correct match in the space provided.

___ 1. Established in order to compensate aggrieved members of the A. capital gain (or
public who have been suffered monetary damages under a loss)
licensed broker. Licensees pay $30 to fund. The maximum B. lis pendens
amount of possible recovery under the account is $15K per
transaction C. negative
amortization
___ 2. The ad valorem tax rate of a taxing district, derived by dividing
revenues required from taxpayers by the districts tax base. If D. contribution
the millage rate is 30, the tax rate is 3%, or $3.00 per $100 of E. local laws
assessed valuation (net of exemptions). F. counteroffer
___ 3. The discounted value of an amount of money to be received in G. zoning ordinance
the future that accounts for the interest that would h ave been
earned if the money had been received in the present. H. seller financing
___ 4. A public notice in a foreclosure proceeding that the mortgaged I. net lease
property may soon have a judgment issued against it. Enables J. Real Estate
other investors to join in the proceeding if they wish to collect Education and
their debts. Recovery Account
___ 5. A lease which requires a tenant o pay rent as well as a share of K. general warranty
the property's operating expenses to the extent provided for in deed
the lease contract. L. potential gross
___ 6. Any new offer or amended offer made in response to a offer. income
___ 7. A situation in which the loan balance of an amortizing loan M. 60 years old
increases because periodic payments are insufficient to pay all N. present value
interest owed for the period. Unpaid interest is added to the
principal balance. O. Federal
Constitution
___ 8. A theoretical use of a property that is legally permissible,
physically possible, financially feasible, and maximally P. yield
productive, usually in terms of net income generation. Q. highest and best
___ 9. Investment return expressed as a dollar amount or a percent of use
the original investment amount. R. millage rate
___ 10. A municipal land us regulation. S. void contract
___ 11. The maximum amount of revenue a property could generate T. public grant
before accounting for vacancy, collection loss, and expenses.
Consists of total rent with full occupancy at established rent
rates, plus other income from any source.
___ 12. Establishes absolute right of private ownership of real estate;
prohibits federal government from levying real property
taxes; prohibit discrimination, environmental standards,
standards for legal descriptions, environmental standards
___ 13. An agreement that is null and cannot be enforced.
___ 14. of the nine, 1 must be at least -------
___ 15. Control land usage over specific parcels of land"
___ 16. A voluntary conveyance of property by a government entity
to a private party.

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