Agent regulations loans - Study guides, Class notes & Summaries

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

WA Fundamentals Final Exam Questions With Correct Answers 100% Verified. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - answerC. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - answerC. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C....

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

Virginia Final Exam Questions with Correct Answers 2024 A void contract is one that is A. not in writing. B. voidable by only one of the parties. C. rescindable by agreement. D. not legally enforceable. - answerD. not legally enforceable. In order to be enforceable, real estate contracts must meet the legal requirements for contracts in general. For example, a contract signed by a minor or a "seller" who doesn't own the property in question was never legal to begin with and is thus ...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

Which of the following best describes the difference between building codes and zoning regulations? - ANSWERSBuilding codes affect improvements on the property; zoning regulations control the use of real property A independent contractor relationship between a real estate brokerage firm and a licensee requires that the: - ANSWERSbrokerage and licensee must enter into a written agreement An advertisement for a house includes only the following phrase about financing: "Assume the owners ori...

Rockwell Real Estate Final Exam Questions and Answers Latest 2024 (GRADED) A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainde...

Florida Life and Health Insurance Practice Questions With Complete Solutions 30 Within how many days must a licensee notify the Department of Financial Services of a change in address? All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? The amount of pr...

Which of the following best describes the difference between building codes and zoning regulations? - ANSWERSBuilding codes affect improvements on the property; zoning regulations control the use of real property A independent contractor relationship between a real estate brokerage firm and a licensee requires that the: - ANSWERSbrokerage and licensee must enter into a written agreement An advertisement for a house includes only the following phrase about financing: "Assume the owners ori...