Estate practice exam - Study guides, Class notes & Summaries

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TEXAS REAL ESTATE BROKERAGE SAE FINAL EXAM AND PRACTICE EXAM NEWEST 2024 ACTUAL EXAM 450 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

1. includes all that is encompassed in land, with theaddition of all improvements. a. Land b. Real property c. Real Estate d. Personal property Answer: C. Real Estate 2. Any man-made addition to the land that is permanent, and is consideredto become part of the land, is known as a(n) _________. a. Surface rights b. Improvements c. Fixture d. Personal Property Answer: B. Improvement 3. Another name for personal property is . a. Furniture b. Fixture c. Subsurface rights d. Person...

The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: - Answer- $20,000 An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or th...

Courses for the renewal of an active real estate broker or sales agent license are called (Ans- continuing education (CE) What is the maximum amount that the Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has been repaid in full by the license holder? (Ans- $100,000 Which is owned by the tenant? (Ans- a trade fixture Which of the following terms refers not only to the surface of the earth but also below ...

NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024) NY Real Estate Practice Exam Questions And Answers(Update 2023_2024)...

A __________ is a permanent change in one or more of the terms of a borrower's loan. Loan Qualification Loan Modification Loan Approval Loan Origination - ANS IS Loan Modification What time period must borrowers have in job history with the same employer to qualify? 2 months 6 months 1 year 2 years - ANS IS 2 years Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower in taking a mortgage that carries high fees, a high interest rate, strips the borro...