Wi real estate final exam Study guides, Class notes & Summaries

Loan to Value Ratio Amount of the loan vs value of real estate Who is the Devisee under a Will? Devisee under will is person who receives property under a will (maker of will is devisor) What are the Requirements for a valid deed in DE The deed has to be in writing The deed has to describe property with specificity The deed must have the name of grantor and grantee The deed must be signed and must be acknowledged(notarized) What are the advantages vs. disadvantages of investi...

1 Acre = - Answer-43560 Square Feet 1 Section = - Answer-640 Acres 1 Mile = How many Feet? - Answer-5280 Grantor - Answer-Owner Grantee - Answer-Buyer Deeds do not have to be - Answer-Witnessed, Dated, Recorded, Acknowledged, Show Consideration, as of 1999 Sealed Deeds do have to be - Answer-In Writting, legal capacity, idenified, words of conveyance, legal description, signed by the grantor (owner), delivered Excise Tax - Answer-Seller Debit Purchase Price/500= Excise Ta...

Principal of Real Estate 1 Final Exam Questions with Correct Answers

WI Real Estate Final Exam Material question and answers 2023

Salespeople can use which of the following forms: - ANSWER a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - ANSWER If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? - ANSWER Disclosure to Customers Which of the following is NOT typically consid...

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

vvWI Real Estate Final Exam Material Question and Answers 2023 Rated A+

Salespeople can use which of the following forms: - ANSWER-a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - ANSWER-If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? - ANSWER-Disclosure to Customers Which of the following is NOT typically consid...

WI Real Estate Final Exam Material Guide 2023 with complete solution Salespeople can use which of the following forms: a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? Disclosure to Customers Whic...

WI Real Estate Final Exam Material Guide 2023 with complete solution Salespeople can use which of the following forms: a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? Disclosure to Customers Whic...