Modern real estate test - Study guides, Class notes & Summaries

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 ...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

LEGL 2700 Jason Epstein UGA Test 2 Exam Questions All Correctly Answered Ethics can... - Answer -1. keep us out of trouble -personally & as a company -permeates everything we do; not just scandals 2. be used to our advantage -corporate culture -win trust of clients, suppliers, investors does ethics = law? - Answer -NO -law is the floor -ethics is doing right thing and going above and beyond what the law requires are ethics and law related? - Answer -YES -ethics help set the law -...

A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later - Answer two years later A license ...

Law is the body of rules and principles that every member of society must follow. It is a collection of norms and rules that allow, mandate, or forbid conduct by both people and organizations. The system is designed to promote safety, equity, equality, and the general welfare of all its members. Without laws, society would be in chaos and anarchy would prevail. For this reason, society has designed a complex set of laws that set guidelines for personal and business conduct. It is rare for an...

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

MIE 201 Test #1 – Makanui Exam Questions and Answers Environments of Business - Correct Answer ️️ -- economic - market - technological - social - legal and regulatory market environment - Correct Answer ️️ -- a company's target customers, the buying influences that shape the behavior of those customers, and competitors that market similar products to those customers economic environment - Correct Answer ️️ -- conditions and forces that affect the cost and availability o...

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 ...

McKissock Basic Appraisal Principles I Final Exam Quiz practice test 2023 Questions and Answers Complete ASC (Appraisal Subcommittee) The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective Which of the below is a requirement of a valid real estate contract? capital "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. market stu...

McKissock Basic Appraisal Principles I Final Exam Quiz practice test 2023 Questions and Answers Complete ASC (Appraisal Subcommittee) The _____ has oversight authority over state appraisal boards. consideration, in writing and signed, and lawful objective Which of the below is a requirement of a valid real estate contract? capital "The interaction of buyers and sellers who trade long-term or intermediate-term money instruments" is the definition of the _____________ market. market stu...