Final exam Law and Practice Van ED || Questions and 100% Verified Answers. VanEd Unit 7: Property Management & Other Topics || Already Graded A+. VanEd Summary Exam Questions || A+ Graded Already. vaned real estate - unit 1 : real property + ownership quiz || A+ Verified Solutions. VanEd REAL ESTAT...
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1x verkocht
A loan whose payments do not fully liquidate the loan and thus requires a large final payment, is known as 1. Partially amortized loan 2. Term loan 3. Growing equity mortgage 4. Graduated payment mortgage correct answers 1. Partially amortized loan - Repays partially, the part of the loan tha...
Voorbeeld 2 van de 13 pagina's
In winkelwagenA loan whose payments do not fully liquidate the loan and thus requires a large final payment, is known as 1. Partially amortized loan 2. Term loan 3. Growing equity mortgage 4. Graduated payment mortgage correct answers 1. Partially amortized loan - Repays partially, the part of the loan tha...
True or false, when working with a buyer, an agent should make sure the buyer has enough for a down payment AND closing costs? correct answers True A major difference of a Comparative Market Analysis and an appraisal performed for a lender is that ___ correct answers Lender's appraisals for fede...
Voorbeeld 4 van de 56 pagina's
In winkelwagenTrue or false, when working with a buyer, an agent should make sure the buyer has enough for a down payment AND closing costs? correct answers True A major difference of a Comparative Market Analysis and an appraisal performed for a lender is that ___ correct answers Lender's appraisals for fede...
Can the Real Estate Commission dictate the ethical standards of licensees? correct answers no, this is false If payment is made from the recovery fund for a judgment against a licensee, correct answers The licensee automatically loses his or her license In order to get a real estate license, y...
Voorbeeld 2 van de 6 pagina's
In winkelwagenCan the Real Estate Commission dictate the ethical standards of licensees? correct answers no, this is false If payment is made from the recovery fund for a judgment against a licensee, correct answers The licensee automatically loses his or her license In order to get a real estate license, y...
All of the following are prohibited acts which may be considered inducements except: 1. Soliciting, selling, or offering for sale real estate by offering free lots or conducting lotteries for the purpose of influencing a purchaser or prospective purchaser of real estate 2. Preparation of dual cont...
Voorbeeld 2 van de 15 pagina's
In winkelwagenAll of the following are prohibited acts which may be considered inducements except: 1. Soliciting, selling, or offering for sale real estate by offering free lots or conducting lotteries for the purpose of influencing a purchaser or prospective purchaser of real estate 2. Preparation of dual cont...
In the Exclusive Right-to-Sell Listing Contract, if a buyer calls the seller, the seller should 1. tell the buyer if he would wait 60 days, he could sell the home without the agent. 2. show the property to the buyer. 3. tell the buyer to call his agent. 4. tell the buyer about the home, and th...
Voorbeeld 2 van de 13 pagina's
In winkelwagenIn the Exclusive Right-to-Sell Listing Contract, if a buyer calls the seller, the seller should 1. tell the buyer if he would wait 60 days, he could sell the home without the agent. 2. show the property to the buyer. 3. tell the buyer to call his agent. 4. tell the buyer about the home, and th...
covenants, conditions, and restrictions (CC&Rs) may limit all of the following except? 1. Length of time a garage door may be left open 2. The type and amount of owner Mortgages 3. The maximum height of new home construction 4. Types of pet allowed correct answers 2. The type and amount of owner mor...
Voorbeeld 2 van de 12 pagina's
In winkelwagencovenants, conditions, and restrictions (CC&Rs) may limit all of the following except? 1. Length of time a garage door may be left open 2. The type and amount of owner Mortgages 3. The maximum height of new home construction 4. Types of pet allowed correct answers 2. The type and amount of owner mor...
Fiduciary duties of transaction broker are the following: a. care, obedience, accounting, loyalty and disclosure. b. care and disclosure c. transaction brokers do not have fiduciary duties. d. care, accounting, and disclosure. correct answers c. transaction brokers do not have fiduciary duties ...
Voorbeeld 2 van de 5 pagina's
In winkelwagenFiduciary duties of transaction broker are the following: a. care, obedience, accounting, loyalty and disclosure. b. care and disclosure c. transaction brokers do not have fiduciary duties. d. care, accounting, and disclosure. correct answers c. transaction brokers do not have fiduciary duties ...
The rules were that what you borrowed, plus interest, must be paid back the next year or at some other agreed upon time. This is called a _______. correct answers Term Loan A word that literally means to kill off. Each payment is an ___________ partially pays off BOTH principal and interest. corr...
Voorbeeld 2 van de 8 pagina's
In winkelwagenThe rules were that what you borrowed, plus interest, must be paid back the next year or at some other agreed upon time. This is called a _______. correct answers Term Loan A word that literally means to kill off. Each payment is an ___________ partially pays off BOTH principal and interest. corr...
The Conway-Bogue Decision correct answers is a court case that gave real estate agents in the state of Colorado the right to assist buyers and sellers in some legal aspect of the real estate transaction process. This ruling established the right of real estate licensees to use approved, standardi...
Voorbeeld 3 van de 24 pagina's
In winkelwagenThe Conway-Bogue Decision correct answers is a court case that gave real estate agents in the state of Colorado the right to assist buyers and sellers in some legal aspect of the real estate transaction process. This ruling established the right of real estate licensees to use approved, standardi...
Which of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fa...
Voorbeeld 4 van de 37 pagina's
In winkelwagenWhich of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fa...
Adaptation correct answers Concerns fixtures. How an item fits can determine whether the item is personal property or real property. If an item is "made" for a specific spot, it is a fixture. Ex: window shades are usually fixtures as they are made to fit inside the window frame. Agreement of...
Voorbeeld 2 van de 9 pagina's
In winkelwagenAdaptation correct answers Concerns fixtures. How an item fits can determine whether the item is personal property or real property. If an item is "made" for a specific spot, it is a fixture. Ex: window shades are usually fixtures as they are made to fit inside the window frame. Agreement of...
Buffer zone correct answers A strip of land, usually used as a park or designated for a similar use, separating land designated for one use from land designated for another use. (Ex: residential from commercial) Building code correct answers Ordinance that specifies minimum standards of constru...
Voorbeeld 2 van de 8 pagina's
In winkelwagenBuffer zone correct answers A strip of land, usually used as a park or designated for a similar use, separating land designated for one use from land designated for another use. (Ex: residential from commercial) Building code correct answers Ordinance that specifies minimum standards of constru...
3x verkocht
Question: A sublessee is a(n) correct answers . Tenant Question: A major disadvantage of owning investment property might be correct answers Lack of Liquidity Question: The most favorable thing about a VA loan is that correct answers VA loans guarranty gives the veteran favorable financing ter...
Voorbeeld 3 van de 24 pagina's
In winkelwagenQuestion: A sublessee is a(n) correct answers . Tenant Question: A major disadvantage of owning investment property might be correct answers Lack of Liquidity Question: The most favorable thing about a VA loan is that correct answers VA loans guarranty gives the veteran favorable financing ter...
What are the real estate rights above ground surface called? correct answers Air Space An item that is attached to, and made part of the land is an correct answers Appurtenance What information does a broker or sales agent typically market? correct answers Market Conditions A broker or sale...
Voorbeeld 4 van de 50 pagina's
In winkelwagenWhat are the real estate rights above ground surface called? correct answers Air Space An item that is attached to, and made part of the land is an correct answers Appurtenance What information does a broker or sales agent typically market? correct answers Market Conditions A broker or sale...
Abatement correct answers DEFINITION: To decrease, reduce or stop an activity. EXAMPLE: An abatement action would require removal of a nuisance (a smell or loud sound) or a hazard (such as lead paint). Abstract of Judgment correct answers DEFINITION: A general lien placed on a debtor's real and...
Voorbeeld 2 van de 11 pagina's
In winkelwagenAbatement correct answers DEFINITION: To decrease, reduce or stop an activity. EXAMPLE: An abatement action would require removal of a nuisance (a smell or loud sound) or a hazard (such as lead paint). Abstract of Judgment correct answers DEFINITION: A general lien placed on a debtor's real and...
your next door neighbor states that you can remove some of his wonderful garden dirt to be used in your garden. the garden dirt _________ correct answers -becomes personal property when you put it in the wheelbarrow and becomes real property when you dump it into your garden _______ describes the...
Voorbeeld 1 van de 4 pagina's
In winkelwagenyour next door neighbor states that you can remove some of his wonderful garden dirt to be used in your garden. the garden dirt _________ correct answers -becomes personal property when you put it in the wheelbarrow and becomes real property when you dump it into your garden _______ describes the...
the "Common Interest Community Governing Documents" subsection of the residential sales contract requires the "Governing" and "Financial" documents be delivered to buyer on or before the title Deadline by the: correct answers seller A major purpose of Commission Rule F is to: correct answer...
Voorbeeld 2 van de 13 pagina's
In winkelwagenthe "Common Interest Community Governing Documents" subsection of the residential sales contract requires the "Governing" and "Financial" documents be delivered to buyer on or before the title Deadline by the: correct answers seller A major purpose of Commission Rule F is to: correct answer...
Abrogate correct answers to abolish by formal or official means; to annul by an authoritative act; to repeal Actual Cash Value correct answers this coverage pays you an amount equal to the replacement value of damaged property minus depreciation. this is distinguished from replacement cost Act...
Voorbeeld 2 van de 8 pagina's
In winkelwagenAbrogate correct answers to abolish by formal or official means; to annul by an authoritative act; to repeal Actual Cash Value correct answers this coverage pays you an amount equal to the replacement value of damaged property minus depreciation. this is distinguished from replacement cost Act...
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