Barney fletcher exam 4 - Study guides, Class notes & Summaries

Barney Fletcher Exam Questions 4 And Answers A deed would be presumed to have been delivered upon the happening of which of the following events? A. it was subrogated B. it was notarized C. it was recorded D. it was signed C. it was recorded

Barney Fletcher Exam Questions And Answers A property was worth $289,000 if capitalized at 4%. What is it worth if it capitalized at 5%? A. $185,000 B. $231,200 C. $300,000 D. $325,000 B. $231,200 $289,000 x 4% = $11,560 divided by 5% = $231,200

POST LICENSE COURSE (BARNEY FLETCHER) EXAM| LATEST VERSION ALL QUESTIONS AND CORRECT ANSWERS|GRADED A+ Within the first five years around ___% of agents leave the real estate business Correct Answer: 80-90% For buyers what are the five steps of the pre-qualification process Correct Answer: 1. Urgency 2. Motivation 3. Financial Ability 4. Wants and Needs 5. Agency For sellers what are the five steps to the first appointment Correct Answer: 1. Urgency 2. Motivation 3. Concerns...

Barney Fletcher Cram Notes Booklet Exam Questions and Answers (Graded A) deed - Ans ️️ the instrument used to transfer real property Title - Ans ️️ Ownership and the owner's rights Real Estate - Ans ️️ Land + improvements (appertenances) Physical Characteristics of Land - Ans ️️ 1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Ans ️️ 1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Ans ️️ a...

Barney Fletcher Section 1 Exam Questions And Answers Fixtures Articles that were once personal property but have been affixed to real estate so as to become real property 4 ways to test Fixtures 1) Written agreement - most important 2) Method of Attachment 3)Adaptability 4) Relationship of the Parties Fructus Naturales Permanent plantings such as flowers, trees and bushes that are classified as real property Water Rights The legal rights to use the water in a river, stream, or other...

Barney Fletcher Exam Questions with Answers In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - Answer-B. ...

Barney Fletcher Exam Questions with Answers In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - Answer-B. ...