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VanEd National Real Estate Exam Questions.
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VanEd National Real Estate Exam Questions.
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VanEd National Real Estate Exam Questions || A+Guaranteed.
Question: bA bsublessee bis ba(n) b- bANS-. bTenant
Question: bA bmajor bdisadvantage bof bowning binvestment bproperty bmight bbe b- bANS-
Lack bof bLiquidity
Question: bThe bmost bfavorable bthing babout ba bVA bloan bis bthat b- bANS-VA bloans
bguarranty bgives bthe bveteran bfavorable bfinancing bterms bbecause bthe blender bis
bprotected bfrom bloss
Question: bOnce bthe bfunds bof ba bconstruction bloan bare bdisbursed bto bthe bcontractor,
band bif bthe bsub-contractor bis bnot bpaid, b- bANS-. bThe bsub-contractor bcan bfile ba blien
bagainst bthe bhome, beven bif bthe bhome bis bsold, bafter bit bcloses
Question: bMarie bdies bintestate, band bher bproperty bwill btransfer baccording bto
bintestate bsuccession. bThis bmeans b- bANS-. bThe bcourts bwill bgive bthe bproperty
bbased bon bstate blaw
Question: bA bseller bcannot bget bmarketable btitle bdue bto ba bbreak bin bthe bchain bof
btitle. bHe bwill bneed b- bANS-
b- bANS-. bQuiet btitle bAction
Question: bWhich bis bthe bterm bused bfor bthe bperson bor borganization bwho bacts bas ban
bintermediary bfor bthe bpurpose bof bobtaining bfinancing? b- bANS-Mortgage bBroker
Question: bSeller bAndy bhad ba bcustom btable bmade bto bfit bin ba bcorner bof bhis bstudy,
battached bto bthe bfloorboards bon bone bend. bWhen bhe bsells bhis bhome bthe btable bwill
bbe bconsidered b- bANS-A bfixture
Question: bThe bterm blis bpendent brefers bto b- bANS-. bAdvance bnotice bof ba blawsuit bto
bbe bfiled
Question: bWhat bkind bof bzoning bwould brequire bthat ba bdeveloper bbuild b10% bof bthe
bhomes bin ba bsubdivision bfor blow-income bfamilies? b- bANS-Inclusionary
Question: bFunctional bobsolescence bcan bbe bcaused bby b- bANS-. bAn bover-
improvement bof bthe bproperty
,Question: bAn bowner bmay bproperly brefuse bto brent bto ba bprospective btenant bbecause
bthe bprospective btenant bis b- bANS-A bdrug baddict bwith babusive bbehavior
Question: b'A' bpurchased ba bcommercial blot bfrom b'B' bbased bon b'B's bfraudulent
brepresentation bas bto blot bsize, bzoning, band bwater bconnections. b'A' bcannot buse bthe
bparcel bpurchased. bWhat bremedy bshould b'A' bseek? b- bANS-Recission
Question: bAn boffer bis baccepted bone bday bafter bthe boffer bperiod bexpires. bHow bcould
bthe bofferor bcreate ba bvalid bcontract? b- bANS-Have bthe bofferor bsign ba bwaiver bof bthe
boffer bperiod
Question: bA bbroker bhas ban bexclusive-right-to bsell blisting. bA bbuyer boffers bto
bpurchase bthe blisted bproperty. bThe bbuyer bknows bthat bthe bbroker bis ban bagent bof
bthe bseller, byet btells bthe bagent bin bconfidence bthat bshe bmay bbe bwilling bto bincrease
bhis boffer bby b$10,000 bif bit bis bnot baccepted bby bthe bseller. bThe bbroker b- bANS-
b- bANS-. bMust bconvey bthis binformation bto bthe bseller
Question: bTo bperfect ba blien bagainst bpersonal bproperty, ba bcreditor bwould brecord
ba(n) b- bANS-. bFinancing bStatment
Question: bA bproperty bmanager bneeds bto bhave ba bbid bon bfloor bcoverings bbased bon
bthis bstatement bof bfact. b"The bbuilding bhe bmanages bis b90' bby b60'. bSixty bpercent bof
bthe bbuilding bwill bbe bcarpeted bat ba bcost bof b$16.00 bper bsquare byard, band bthe
bremainder bwill bbe btiled bat ba bcost bof b$8.00 bper bsquare byard. bEstimate bthe bcost bof
bthe bfloor bcovering. b- bANS-$7,680
Question: b- bANS-
A bFSBO bseller band bbuyer bagree bto bterms bon ba bcontract bto bpurchase. bThe bbuyer
bthen bfinds ba bstructural bdefect bduring bhis binspection, band bcancels bthe bcontract. b-
bANS-The bFSBO bseller bmakes bcosmetic brepairs bto bcover bthe bdamage, band blists
bthe bproperty bwith bAgent bM band binforms bhim bof bthe bdefect. bBuyer bC bbuys bthe
bhome, band bdoes bnot bperform ban binspection. bOnly bafter bclosing band bmoving binto
bthe bhome bdoes bbuyer bC bdiscover bthe bmaterial bdefect. bWho bis bliable? bBoth
bFSBO band bAgent bM bare bliabe
Question: bWhich bif bthe bfollowing bis bNOT bconsidered ban belement bof bvalue? b- bANS-
Cost
Question: bA bproperty bhas ba bnet bincome bof b$40,000.00. bOne bappraiser bdecides bto
buse ba b12 b% bcapitalization brate, bwhile ba bsecond bappraiser buses ba b10% brate. bUse
bof bthe bhigher brate bresults bin b- bANS-. b$66,667 bdecrease bin bappraised bvalue
Question: bA bbroker bis binstructed bnot bto bshow ba bproperty bwhile bthe bowner, bwho bis
bcaucasian, bis baway. bWhile bthe bowner bis bout bof btown, ban bAfrican bAmerican
, bcouple brequests bto bbe bshown bthe bproperty. bThe bbroker bshould b- bANS-. bRefuse
bto bshow bthe bproperty
Question: bAn bagency bthat bcannot bbe bterminated bby ban bowner bis ba(n) b- bANS-
Agency bcoupled bwith ban binterest
Question: bA bvalid bcontract bwould bbe bunenforceable bbecause bof b- bANS-The bstatue
bof blimitations
Question: bThe bloan bthat bwould bcommand bthe bhighest bloan-to-value bratio bwould bbe
bfor b- bANS-. bA bsingle-family bresidence
Question: bOf bthe bfollowing, bwhich bwould bbe bconsidered bequivalent bto ban bannuity
bby ban bowner? b- bANS-A blong bterm-ground blease
Question: bReal bestate bproperty btaxes bare bbased bon ba bbanker's byear band bare
bpayable bin barrears. bThe btaxes bwere b$1,214.00 bfor bthe byear. bThe bclosing bis bon
bApril b1. bThe bseller bis b- bANS-Debited, band bthe bbuyer bis bcredited b$306.67
Question: bThe bparcel bof bland byou bare bviewing bis b3 bacres. bThe bfront bof bthe
bsquare blot bis b450 bfeet bwide. bWhat bis bthe bdepth? b- bANS-290.4 bfeet
Question: bA bbuyer bis bobtaining ba bnew bprivate bloan bwith ba bprincipal bamount bof
b$250,000.00 bat b9%. bClosing btakes bplace bon bApril b15. bThe binterest bdue bwill
bappear bon bthe bworksheet bas b- bANS-Debit b$937.50 bto bbuyer, band bcredit bbroker
b$937.50
Question: bTwo bbrokers bfrom bdifferent bcompanies bhave bgotten btogether bto bdiscuss
bwhat bcommission bthey bwill bcharge. bThis bis bprohibited bby b- bANS-. bThe bSherman
bAnti-Trust bAct
Question: bThe bprevious btenant bof byour binvestment blisting bdied bof bAIDS. bShould
byou bdisclose bthis bto bpotential bbuyers, band bwhy? b- bANS-In bmost bstates, bFiduciary
bDuty bof bConfidentiality bprecludes byou bfrom bdisclosing bnon-material bfacts b(however
bsome bstates bdo brequire bdisclosure).
Question: bIf byou bthink byou bsmell bradon bgas bin ba bhome, b- bANS-Investigate bthe
bsource, bas bany bgas bleak bis bserious band bradon bgas bis bodorless
Question: bThe bincreased bvalue bresulting bfrom bthe bconsolidation bof b2 badjacent blots
binto b1 blarger blot bis b- bANS-
b- bANS-. bPlottage
Question: bAn bad bused ba bterm bthat btriggered bfull bdisclosure bof bloan bterms. bThe bad
bstated b- bANS-. b$10,000 bdown
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