Prorations - Study guides, Class notes & Summaries

An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the - selling price as possible income tax liability The Closing Instructions form - must be part of every contract According to statue, "good funds," include a - tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: - Disclose the name and address of the landlord According to the Contract to Buy and Sell Real Estate - ...

1. Zoning is under the control of: a. private parties. b. government agencies. c. the Bureau of Real Estate. d. none of the above. :~~ b. government agencies. 2. Easements appurtenant are for the benefit of: a. homesteaded landowners. b. adjoining (neighboring) landowners. c. the general public. d. government use only. :~~ b. adjoining (neighboring) landowners. 3. A contract that is binding and enforceable in a court of law is said to be: 2 | P a g e | © copyright 2024/2025 | Gra...

An out of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the (Ans - selling price as possible income tax liability The Closing Instructions form (Ans - must be part of every contract According to statue, "good funds," include a (Ans - tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: (Ans - Disclose the name and address of the landlord According to the Contract ...

Real Estate Final Exam - 100 Questions And Answers Zoning is under the control of: - ANS government agencies. A contract that is binding and enforceable in a court of law is said to be: - ANS valid. Escrows base monthly prorations on how many days? - ANS 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANS 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - ANS $7,000 Misuse of the real estate appr...

COLORADO EXAM PREP - MISSED QUESTIONS/ ACCURATELY ANSWERED. VERIFIED. A personal assistant may: 1. Negotiate the sale of a listed property with a buyer and seller 2. Prepare and submit market analyses for sellers or buyers on behalf of a broker 3. Independently draft a listing contract for seller/buyer signature 4. Measure the square footage of a residential listing - -Measure the square footage of a residential listing The loan balance being assumed by the buyer is: 1. Debit Seller;...

PreLicensing Final Exam| Q & A, 100% verified| 2024 PreLicensing Final Exam| Q & A, 100% verified| 2024 A broker advertises his listing as waterfront. The property has a great view of the lake, but there is another lot located b/w the listed property & the lakeshore. The listing agent may be guilty of Willful B. Misrepresentation A broker engaging in property management is generally tasked by the property owner with C. Reinvesting profits to build the owner's investment portfolio...

the "Common Interest Community Governing Documents" subsection of the residential sales contract requires the "Governing" and "Financial" documents be delivered to buyer on or before the title Deadline by the: correct answers seller A major purpose of Commission Rule F is to: correct answers help brokers comply with the Colorado Supreme Court Conway-Bogue decision. A heavily encumbered property sells for $200,000.00 with anticipated total cash proceeds to the out-of-state seller of $...

Colorado Real Estate Exam Prep Latest 2024 Already Passed An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the selling price as possible income tax liability The Closing Instructions form must be part of every contract According to statue, "good funds," include a tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: Disclose the name and address of the landlord Accordi...

Easement by prescription - Answer Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - Answer Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - Answer The practice of one party canceling or terminating a contract. Mortgagee - Answer The bank(receiving the house) Tax prorations - Answer Taxe...

South Carolina Exam Prep: Closing Details Practice Questions and Answers What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ -Face to face or escrow closing What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by esc...