Bob Hogue Real Estate Questions AND Answers latest 2024 Update Graded A+
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Bob Hogue
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Bob Hogue
Bob Hogue Real Estate Questions AND Answers latest 2024 Update Graded A+
Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment facilities be in place before new development is allowed is the - ANS Concurrency Provision
The only active general partner in ...
Bob Hogue Real Estate Questions AND
Answers latest 2024 Update Graded A+
Requirement that the infrastructure for sanitary sewers, potable water, and waste
treatment facilities be in place before new development is allowed is the - ANS
Concurrency Provision
The only active general partner in a real estate brokerage partnership has his license
A
suspended. All of the licenses of the sales associates in that brokerage are - ANS
placed in inactive status
VI
Legal Title always passes from the seller to the buyer - ANS When the deed is
voluntarily delivered and voluntarily accepted
TU
Which property is neither exempt not immune from ad valorem property tax? - ANS
Undeveloped Farmland
IS
Description of A Check - ANS A square 24 Miles on each side created by intersecting
guide meridians and correction lines containing 16 townships
OM
A listing to sell property and obtain a specified amount for the owner-principle is called -
ANS Net Listing
The key difference between police powers and eminent domain is whether - ANS Any
compensation was paid to an affected owner
NA
For real property to be depreciated it must - ANS Have improvements
Special Assessments are - ANS used to help pay for some public improvement that
JP
benefits the property.
Mortgage loan payments made in regular installments of interest only with the full
principal amount plus accrued interest paid at one time at the end of the loan period
describes - ANS A term mortgage
A type of deed that contains the words "remise and release" or similar words is the -
ANS Quitclaim Deed
, One mortgage clause NOT normally found in a VA or FHA mortgage is the - ANS
Prepayment Penalty clause
Who is required to obtain a Florida Mortgage Loan originators License? - ANS An
agent of a state-regulated mortgage lender who takes loan application from consumers
Legal Description used only in developed subdivisions - ANS Lot and Block
When measuring the square footage of a house an appraiser uses - ANS Exterior
dimensions
A
Recorded legal document that gives constructive notice that an action affects title to a
VI
parcel of real property - ANS Lis Pendens
Lan value is obtained separately when using which approached to estimating value? -
TU
ANS Cost Approach
Statement that is TRUE regarding PMI - ANS PMI is required on conventional
mortgage loans with a 90% LTV
IS
The purpose of a TRIM notice is to - ANS Inform property owners of the tax bill they
can expect in November
OM
A borrower pledges real property as collateral for repayment of a loan without
surrendering possession of the property this process is called - ANS hypothecation
A Recorded legal document that gives constructive notice that an action affects title to a
NA
parcel of real property is called - ANS Lis Pendens
When mortgage interest paid in arrears on a loan assumptions prorated the amount up
to the day of closing is - ANS Debited to the seller; Credited to the buyer
JP
Fannie Mae DOES NOT - ANS Originate Federal Loans
The four Characteristics of real estate value - ANS DUST (Demand, Utility, Scarcity,
Transferability)
Economic Characteristics of real estate include - ANS SITUS
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