ASREB SCHOOL EXAM QUESTIONS AND
ANSWERS 100% PASS
When a tenant moves out of a rental unit due to an electrical fire that was not their fault
this would be called?
Constructive eviction
A property manager is considered what type of agent?
General agent
If a dwelling is damaged or destroyed b...
ASREB SCHOOL EXAM QUESTIONS AND ANSWERS 100% PASS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be: Honesty An example of involuntary alienation is where title to real estate passes by: Sheriff's deed An option to purchase is what kind of contract? Unilateral Who pays the discount points on a VA loan? Agreement of parties A defeasance clause would MOST likely be found in: A mortgage or trust deed What type of property would have the highest tax rate? Shopping Center What is the priority of property tax liens? Always in first position How many townships are contained in a government survey "check"? 16 The buyer wants and 11% return. The property rents for $1500 per month, and annual expenses are $4000. What is the price the buyer is willing to pay? 127,27 2 A rental property has a 6 rental units that rent for $700 each per month. Similar property in the area is selling for $700,000. What would be the gross rent multiplier for this type of property? 13.8 The discount points are 3%, which represent $2,700. The buyer down payment is 20%. What is the purchase price of the property? $112,500 Payments on a "Deed of Trust" are due to the: Beneficiary You borrow $90,000 at 9% interest for 20 years. Monthly payment is $900, principal and interest. What is the total amount of interest paid after 20 years? $126,000 What determines the North and South boundaries in a government survey?
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