Fair housing amendment Study guides, Class notes & Summaries
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Real Estate Promulgated Forms Exam 2023/2024 with 100% complete solutions
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In addition to the protected classes under the Fair Housing Act, the ECOA is protective of what? correct answersPublic Assistance 
Age 
Marital Status 
 
The buyers applied for an FHA loan. The property appraisal was $5000 less than the sales price in the contract. What are the options of the parties in the contract? correct answersThe buyer may proceed with consummation of the contract without regard to the amount of the appraised valuation. 
 
The amendment to Contract form is used when the pa...
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WRA FINAL EXAM QUESTIONS AND ANSWERS.
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WRA FINAL EXAM QUESTIONS AND ANSWERS. 
0-Bedroom Dwelling 
ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area 
Abstract of Title 
ANSWER : A condensed history of a property's title showing, in chronological sequence, matters such as 
conveyances, liens, and encumbrances that have been recorded against the title in the office of the 
register of deeds or other public recording place 
Acceleration Clause 
ANSWER : A clause within a mortgage permitti...
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AYOP Principles of Real Estate 1 Exam Questions And Answers
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AYOP Principles of Real Estate 1 Exam Questions And Answers 
 
Fixity - ANS land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) 
 
Situs - ANS location preference from an economic standpoint rather than geographical 
 
Economic Characteristics of Land - ANS scarcity, modification, fixity, situs 
 
3 physical characteristics of land - ANS non-homogeneity, immobility, and indestructibility 
 
Texas Real Estate Lic...
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NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024
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NY REAL ESTATE PRACTICE TEST 
CORRECTLY SOLVED 2024 
1. A blanket mortgage usually contains which clause? 
A. assumption 
B. release 
C. sunrise 
D. good guy - Answer ️️ -B 
2. A CMA is different from an appraisal because: 
A. an appraisal is based only on facts 
B. an appraisal is an opinion of value 
C. a CMA can consider expired listings and properties on market 
D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 
3. A colorless, odorless, tasteless, radioactive gas which ca...
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NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024
- Exam (elaborations) • 19 pages • 2024
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NY REAL ESTATE PRACTICE TEST 
CORRECTLY SOLVED 2024 
1. A blanket mortgage usually contains which clause? 
A. assumption 
B. release 
C. sunrise 
D. good guy - Answer ️️ -B 
2. A CMA is different from an appraisal because: 
A. an appraisal is based only on facts 
B. an appraisal is an opinion of value 
C. a CMA can consider expired listings and properties on market 
D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 
3. A colorless, odorless, tasteless, radioactive gas which ca...
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AYOP Principles of Real Estate 1 Exam With 100% Correct Answers 2024
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AYOP Principles of Real Estate 1 Exam With 
100% Correct Answers 2024 
Fixity - answerland and buildings and other improvements to land require long periods of 
time to pay for themselves(investment permanence) 
Situs - answerlocation preference from an economic standpoint rather than geographical 
Economic Characteristics of Land - answerscarcity, modification, fixity, situs 
3 physical characteristics of land - answernon-homogeneity, immobility, and indestructibility 
Texas Real Estate License...
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Florida Cam Actual Exam (Questions And Answers)
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Florida Cam Actual Exam (Questions 
And Answers) 
A Community Association is generally defined as real or personal property, owned by 
two or more entities, which share the responsibility for the costs of maintenance and 
administration - CORRECT ANSWER-True 
Purchasers of a timeshare plan have a ten day contract rescission period in which to 
cancel the purchase - CORRECT ANSWER-True 
The Florida Fair Housing Act prohibits discrimination on the basis of handicap - 
CORRECT ANSWER-True 
A va...
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NYS Real Estate Exam 2024
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NYS Real Estate Exam 2024 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, 
insurance premiums, management fees. - Answer ️️ -Insurance Premiums 
What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers 
debits over the buyers credits 
real estate agents are typically what kind of agent - Answer ️️ -special agent 
what...
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AYOP Principles of Real Estate 1 Questions & Answers 100% Correct!!
- Exam (elaborations) • 14 pages • 2024
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Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) 
 
Situs - ANSWER-location preference from an economic standpoint rather than geographical 
 
Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 
 
3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility 
 
Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...
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AYOP Principles of Real Estate 1 Questions and Answers 100% Correct!
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
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- $11.99
- + learn more
Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) 
 
Situs - ANSWER-location preference from an economic standpoint rather than geographical 
 
Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 
 
3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility 
 
Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...
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