A man just sold a condo Study guides, Class notes & Summaries

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...

An estate for years - The phrase definite duration refers to: A periodic tenancy - A lease that automatically renews itself, in the absence of notice, is: $66,666 - A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - A requirement of a valid deed is that the deed be: The Truth In Lending Act - To locate buyers for other properties, a broker advertised a property that was not availab...

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...

An estate for years - ANSWER-The phrase definite duration refers to: A periodic tenancy - ANSWER-A lease that automatically renews itself, in the absence of notice, is: $66,666 - ANSWER-A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - ANSWER-A requirement of a valid deed is that the deed be: The Truth In Lending Act - ANSWER-To locate buyers for other properties, a broker advertised a property ...

Real Estate Broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee. Real Estate Salesperson A person performing any of the acts included in the definition of real estate broker but while associated with and supervised by a broker. Value The present worth of future benefits. Price The amount a purchaser agrees to pay and a seller agrees to accept under the circumstances surroun...

National Real Estate Exam - Guide to Pearson Vue With 100% Correct Answers

National Real Estate Exam - Guide to Pearson Vue Book Questions with complete solutions 2024/RATED A+

QUESTIONS AND ANSWERS

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...