Leasing exam unit 14 - Study guides, Class notes & Summaries

PA National Practice Exam - Colibri Real Estate Questions and Complete Solutions Earl orally agreed to an 18-month lease with landlord Blake. Is this contract enforceable? Yes, all oral leases are enforceable. No, all leases for longer than one year must be in writing to be enforceable. Yes, all leases for longer than 6 months are enforceable. No, it is not enforceable unless Earl is older than 50 years old. - Answer: No, all leases for longer than one year must be in writing to be enforc...

AYPO Real Estate Promulgated contracts actual exam questions "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANS c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it ...

Colibri Real Estate Practice Final Exam Questions and Complete Solutions Why is the condition of bearing walls more important than non bearing walls? - Answer: Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Answer: transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Answer: Stabilized budget A buyer told bro...

Prorating Rent - Answer- paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usuall...

Real Estate Finance & Investments, 16e (Brueggeman) Chapter 4 Fixed Interest Rate Mortgage Loans 1) Inflation makes very little difference to lenders of and investors needing money. Answer: FALSE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibility: Keyboard Navigation Gradable: automatic 2) Lenders and investors worry about default, interest rate, marketability, and liquidity risks. Answer: TRUE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibi...

Farming - Answer- licensee concentrate on one type or style of property or on one particular neighborhood Farm area or target market - Answer- Finding and specializing in a particular neighborhood or type of property. Considered to be one of the best ways to succeed in the real estate business Tract building - Answer- When a developer acquires a large tract of land, records a subdivision plat map, and uses a model center from which sales may be made Local level - Answer- Government Regu...

AAAE CM Exam Module 1 Finance and Administration Questions and Answers 2023 What are grant assurances? They require the recipients to maintain and operate their facilities safely, efficiently, and in accordance with specific conditions. (pg 57) Why does FAA use grant assurances? Grant assurances are the most effective means of extending government policy to local government unit. (pg 58) How long are grant assurances in effect? Continuing obligations for up to 20 years dependin...

Maine Law Real Estate TRELG Exam Questions With Correct Answers Graded A+ True or False: With appointed agency, one affiliated licensee represents the client to the exclusion of all other affiliated licensees of the brokerage agency; more than one may be appointed if there is a team or a licensee is covering for vacation. A. TrueB. False A. True When must a client give consent to disclosed dual agency? A. At the time the client signs a listing agreement or buyer representation agreement w...

1. Discrepancy between anatomical sex and gender is known as? 2. Which of the following are risk factors for neuroleptic malignant syndrome? Select all that apply 3. Antipsychotic medication provides D2 blockage in the meso-coritcal pathway causing which of the fol- lowing effects? 4. Phencyclidine (PCP) and ketamine exert their unique behavioral effects by blocking which of the following receptors? 5. The diagnosis used to describe a syndrome charac- terized by speci...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the conv...