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Real Estate Principles FINAL Exam 100+ Questions AND VERIFIED Answers (A+ GRADED) FROM EXPERT

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Real Estate Principles FINAL Exam 100+ Questions AND VERIFIED Answers (A+ GRADED) FROM EXPERT

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  • 2 de mayo de 2024
  • 17
  • 2023/2024
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  • real estate principles
  • real estate principles final exam 100 questions
  • real estate principles final
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Real Estate Principles FINAL Exam 100+ Questions AND VERIFIED Answers (A+ GRADED ) FROM EXPERT Which of the following acts of a real estate l icensee would not be a violation of the real estate law? - ANSWER -Taking a net listing A corporation is prohibited from holding title to real property in California with any one as a joint tenant because: - ANSWER -If it's perpetual existence Charles died intestate and left a $60,000 Estate but no heirs. His state would: - ANSWER -Revert to the state When land gradually builds up as a result of the action of water, it is known as: - ANSWER -Accretion A first trust deed can usually be distinguis hed from a second trust deed by the: - ANSWER -Time and date of decoration A lender agrees to make a loan on a large commercial complex provided the borrower gives the lender a 2% interest in the ownership. This type of loan would be known as a: - ANSWER -
Participation loan Which of the following is not a requisite for creation of an enforceable leasehold agreement? - ANSWER -That rent payments be made in advance Which of the following is not an essential to the validity of a deed? - ANSWER -Payment of finan cial consideration The trust deed and note on a conventional loan is held by the: - ANSWER -Lending institution When a Cal -Vet wishes to purchase a home and use his or her California veterans benefits he or she would make application to the: - ANSWER -Depa rtment of Veterans Affairs A real estate subdivider who resides in Hawaii is required to comply with various laws if he wants to offer his property located in Hawaii for sale in California. The law that he would be most concerned with would be the: - ANSW ER-California Real Estate Law If you wish to realize a $37.50 per month income on an investment that represents a 9% return, the amount to be invested must be: - ANSWER -$5,000 Deed restrictions may be terminated in all of the following ways, except: - ANSWER -Voluntary cancellation by grantee Permissive use of a road across real property would cause a prescriptive easement in: - ANSWER -None of the above To an appraiser, a definition of value is: - ANSWER -The relationship between desirous persons and thin gs desired, the ability of one commodity to command other commodities in exchange, and the present worth of all the right to future benefits arising from the ownership of property FHA has established certain MPR's that apply to loans that they insure. MPR is an abbreviation for: - ANSWER -Minimum Property Requirements Under a construction loan, the final payment to the borrower is generally released when the: - ANSWER -Lien period ha s expired Recording a deed: - ANSWER -Presumes delivery of the deed An executrix of an Estate is: - ANSWER -Named in the decedent's will Discrimination by a real estate licensee based on race is : - ANSWER -A violation of the regulations of the Real Estate Commissioner, against public policy, and unethical

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