Real Estate

The amount that a seller takes away from a sale is termed ? A) Net sale price B) Seller's proceeds C) Gross sales price D) Profit Margin - Answer-B) seller's proceeds which of the following best describes prospecting ? A. Seeking buyers for your listing B. Seeking listing C. Seeking both buyers and sellers D. Seeking buyers for others agents listing - Answer-C. Seeking both Buyers and sellers A property manger can refuse to rent to applicant Mike for any of the following re...

Sally and Dan must pay 2 points on their new $65,000 loan. What will they have to pay at closing for the points? - Answer-$1,300 Nancy bought her home last year for $425,000. Her property taxes would be assessed at a maximum of: - Answer-$4,250 Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales commissions. The other 75% came from an hourly wage paid by Tami. For income tax purposes, the IRS would probably classif...

Texas Real Estate Exam Prep (From Pearson VUE and & Champions National Exam Prep) /156 Questions with Verified Answers Rated (A+) Quiz :A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - √Answer :b) improvements

Real Estate U Final Exam Questions and Answers 2023/2024 Latest Update. Article 12-A of the NYS Real Property Law - The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - Obtained aft...

real estate exam | 241 questions | with complete solutions

Real Estate Finance In a lien theory state, who holds the equitable title? A. Trustor B. Beneficiary C. Trustee D. Lender - correct answer Trustor All of the following are examples of primary market participants EXCEPT A. Commercial bank B. Credit union C. Fannie Mae D. Life insurance company - correct answer C. Fannie Mae The ups and downs of the real estate activities are described as A. The law of supply and demand B. The market value of real estate C. Economic cycles ...

Real Estate Exam Questions and Answers Graded A+ A city acquires a 10' strip of a property owner's land for a public walking trail. The owner's home is not affected and she is able to use the land. Is the owner eligible for compensation? Yes, because the city is using its power of eminent domain for public good A broker price opinion is often requested By a bank Repairing the roof, recoating the driveways, replacing lighting, and cleaning out the gutters on an apartment building are consid...

1. What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - Answer- a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel the transaction? A) 24 hours B) within five calendar days C) five business days D) or one week - Answer- b 3. In NV, who is responsible prior to closing for calculating the pro-rations between the buyer and seller,...

Real Estate Final Exam (150 Questions) #1| Answered 100% Correctly| Updated 2024 A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premi...

Real Estate Exam Prep (Champions; Texas) Latest Update Graded A+ appurtenance term used to describe rights, privileges or improvements that belong to and pass with the land improvements man's additions to the land such as building and landscaping personal property also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of ...