PA Real Estate prep Exam with Answers
Encroachment Correct Answer-1. If the roof of the garage extends beyond the
metes and bounds property description, it will be called a(n)
Increasing Correct Answer-2. When the capitalization rate on an income
producing property decreases, the value of th...
PA Real Estate prep Exam with Answers
Encroachment Correct Answer-1. If the roof of the garage extends beyond the
metes and bounds property description, it will be called a(n)
Increasing Correct Answer-2. When the capitalization rate on an income
producing property decreases, the value of the property
Subordination Correct Answer-3. What kind of agreement would be used
between a finance company and a savings and loan association to allow the
latter to assume a higher lien position of record against a property?
Joint tenancy and tenancy in common Correct Answer-4. The right of
survivorship exist in which of the following forms of ownership?
The real estate agent does not present the prospective buyer's written offer to
the seller Correct Answer-5. A written offer to purchase real estate by a
prospective buyer is terminated for all of the following reasons EXCEPT:
The lessee's interest is not affected Correct Answer-6. If a lessor sells a leased
property, how is the lessee's interest in the property affected?
, PA Real Estate prep Exam with Answers
Offeree Correct Answer-7. In a real estate transaction the seller would best be
described as which of the following:
Blue Sky Laws Correct Answer-8. What type of laws regulate real estate when
it is sold to investors as a limited partnership?
It ends by itself Correct Answer-9. All of the following statements about a
tenancy at will are true EXCEPT:
Within 3 business days of the mortgage application Correct Answer-10.
According to the real estate settlement procedures act, a lending institution
must provide an estimate of closing costs to the borrower of a federally related
mortgage at the time of the mortgage application or
Prior to the court sale Correct Answer-11. When foreclosure results in a court
ordered sale of a property, the equitable right of redemption time occurs
Straight loan Correct Answer-12. What type of loan requires only interest to
be paid during the term of the loan?
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