Amp real estate sale - Study guides, Class notes & Summaries

Washington Real Estate AMP National Cram Exam 1 Questions and answers,With Rationales/ rated A+/ verified/ Sheila has spent over $10,000 for landscaping to her property. This would be known as which of the following?30-y A) capital depreciation B) capital improvement C) basis adjustment D) capital gain - -B) capital improvement Feedback: Correct: Sheila has invested capital into her property and improved the appearance. This is known as capital improvement. Since she has not sol...

Washington Real Estate AMP National Cram Exam 1: Review Questions and answers, verified/ Sheila has spent over $10,000 for landscaping to her property. This would be known as which of the following?30-y A) capital depreciation B) capital improvement C) basis adjustment D) capital gain - B) capital improvement Feedback: Correct: Sheila has invested capital into her property and improved the appearance. This is known as capital improvement. Since she has not sold the property, she h...

Washington Real Estate AMP National Cram Exam 1 Already Passed Sheila has spent over $10,000 for landscaping to her property. This would be known as which of the following?30-y A) capital depreciation B) capital improvement C) basis adjustment D) capital gain B) capital improvement Feedback: Correct: Sheila has invested capital into her property and improved the appearance. This is known as capital improvement. Since she has not sold the property, she has not experienced a capital gain. W...

- Property lot measurements - Registered owner(s) of the property - Last sale date of the property, with the sale price - Assessed value of the property - Legal description of the property - Description of the property (i.e. "single-family detached home" - Total square footage of the property - Various reports about the neighbourhood (crime rates, etc.) What details can be confirmed on GeoWarehouse? - When did the seller buy the property? - How much did the seller pay for the p...

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements - ANSWER-b A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation - ANSWER-a A commercial tenant is aware that his le...

AMP Real Estate Exam Question and answers already passed 2023 Lease Option - correct answer tenant purchase Tenant has the option to purchase the property within or at the end of there lease. Title Search - correct answer ensure marketable title Conducted to ensure that the buyer and lender receive marketable title or one that would not place either party in legal liability. How do you create an agency relationship? - correct answer actions or contract An agency relati...

As a buyer's agent, should you advise your client to get a home inspection on the property she is buying?>>> Yes. A qualified home inspector may spot defects not previously noted. (Agency Relationships/Contracts) A borrower must pay $5,600 for points on a $140,000 loan. How many points is the lender charging for this loan?>>> 4. Divide the dollar amount of the discount points by the loan amount. $5,600/$140,000=.04 or 4 1 point=1% of the loan amount (Calculations...

Penny, a CA licensee, has been advertising on the internet. She specializes in the sale of upscale homes in the Hollywood Hills area. Penny has been violating the Business and Professions Code, Sections 10235.5 and 10140.6. What has she done? - ANSWERPenny failed fo indicate in the advertisement her license status. As an examinee, or a new licensee, where is the best, most accurate source for current California Bureau of Real Estate information? - ANSWERThe DRE website Gerard, a Nevada rea...

Pearson Vue Real Estate Utah Study Guide With Complete Solution...

RECA Residential Exam with Verified Solutions Rated 100% Fiduciary Representation -ANS- - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -ANS- 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -ANS- - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship ...