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SAE Agent 1 practice QUESTIONS AND ANSWERS RATED A+ 2024/2025
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SAE Agent 1 practice QUESTIONS AND ANSWERS RATED A+ 2024/2025
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SAE Agent 1 practiceAll of the following are features of wetlands EXCEPT:
A. Water best
B. Wildlife habitat
C. Erosion manipulate
D. Supplying water for water sports - ANSD. Supplying water for water sports
All houses built before 1978 require a Lead Based Paint Disclosure which is mandated by
means of the federal government. Brokers need to also sign this shape. How long ought to a
Broker keep a report of the Lead Based Paint Disclosure form?
A. Ten years
B. Seven years
C. Three years
D. Two years - ANSC. Three years
In a lien theory state:
A. An character who takes out a mortgage to shop for a assets holds the title to the assets.
B. It is simple for the bank to foreclose on a belongings.
C. The purchaser cannot be foreclosed upon.
D. The bank holds the identify to the assets till the mortgage is paid off. - ANSA. An individual
who takes out a mortgage to buy a belongings holds the identify to the assets.
An example of an appurtenance to land is:
A. An easement in gross
B. A bill of sale
C. An assignment
D. A sublet - ANSA. An easement in gross
An instance of an appurtenance to land is:
A. An easement in gross
B. A bill of sale
C. An assignment
D. A sublet - ANSA. An easement in gross
Recording a deed:
A. Guarantees price simple name
B. Is the final step inside the transfer of name
C. Is required earlier than resale of the belongings
D. Protects ownership and safeguards in opposition to fraudulent sale - ANSD. Protects
ownership and safeguards against fraudulent sale
,Mike gave land to the college. Mike will now not permit the college to apply the land for any
sports activities sports. If the land is used for sports activities activities, the land will revert to
Mike. This is a:
A. Fee easy estate
B. Life estate
C. Defeasible fee estate
D. Estate for years - ANSC. Defeasible rate property
Kim lives in a home that has underground utility lines buried inside the returned yard. This is an
instance of a software easement. A application easement is likewise called:
A. A price simple estate
B. An easement in gross
C. A deed restriction easement
D. A renewal easement - ANSB. An easement in gross
What is an instance of a voluntary lien?
A. Mechanic's lien
B. Income tax lien
C. Mortgage lien
D. Judgment lien - ANSA. Mechanic's lien
To create an easement by using prescription the following need to show up:
A. Constant use of the land for the state range of years
B. Open and notorious use of land
C. Hostile and adverse use of the land
D. All of the above - ANSD. All of the above
A landowner might also ask for a variance whilst he desires to be allowed to deviate from:
A. Permitting
B. Deed regulations
C. Zoning
D. Fire codes - ANSC. Zoning
When the authorities takes privately owned belongings for public use it's miles called:
A. Easement
B. Eminent area
C. Public domain
D. Adverse ownership - ANSB. Eminent area
Which one of the following contraptions does NOT switch an hobby in real property?
A. An option
B. A lease
C. A invoice of sale
D. An settlement of sale - ANSC. A invoice of sale
, What is a criminal description that makes use of longitude, latitude, townships and sections
called?
A. Metes and boundaries
B. A rectangular authorities survey
C. A recorded subdivision plat
D. Lot and block - ANSB. A square authorities survey
The value technique uses which of the following formulation to estimate value?
A. Replacement price plus duplicate fee plus land
B. Reproduction or replacement value plus depreciation plus land
C. Reproduction or alternative fee much less depreciation plus land
D. Cost of replacement minus land plus depreciation - ANSC. Reproduction or alternative fee
much less depreciation plus land
.
Of the subsequent, what can't be assigned?
A. A rent
B. A actual estate contract
C. A mortgage
D. A deed - ANSD. A deed
With regard to the capitalization price:
A. The price of property will increase as the rate increases.
B. The price of the property decreases as the charge decreases.
C. The cost of the belongings decreases as the rate increases.
D. A converting capitalization charge has no effect at the price of the property. - ANSC. The
price of the belongings decreases as the charge increases.
Which of the following outcomes from elements out of doors the assets?
A. Functional obsolescence
B. Physical deterioration
C. Economic obsolescence
D. Curable depreciation - ANSC. Economic obsolescence
A new 4000 sq. Feet. Home is built in a community of 1500 sq. Toes. Homes. The new domestic
suffers from:
A. Functional obsolescence
B. Economic obsolescence
C. Regression
D. Both B and C - ANSC. Regression
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