What is an easement - Study guides, Class notes & Summaries
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Barney Fletcher Exam 2023 with 100% correct answers
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A 40 unit apartment building rented units for $300 per month. The annual gross rent multiplier was 10. What was the value? 
 
A. $120,000 
B. $144,000 
C. $1,200,000 
D. $1,440,000 
D. $1,440,000 
 
40 x $300 per month x 12 months = annual rent of $144,000 x an annual multiplier of 10 = $1,440,000 
 
 
 
A seller listed property for sale. There were a limited number of houses available in the area. There were also a great number of buyers interested in purchasing homes in that area. What would M...
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Champions Real Estate Finance Exam Questions and Answers 2023
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing 
 
The primary determinants of real estate values are supply and _____. - Answer- Demand 
 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral 
 
Servicing includes which of the following activities? - Answer- Maintaining records of payment 
 
The monet...
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National USPAP Course Exam with 100% Correct Answers 2023
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National USPAP Course Exam 
The Appraisal Foundation has the authority to enforce the requirements of USPAP. - 
Correct answer-False 
Currently, the boards within the Appraisal Foundation include: - Correct answerAppraisal Standards Board, Appraisal Qualifications Board, Board of Trustees 
Which Foundation board is responsible for USPAP? - Correct answer-Appraisal 
Standards Board 
Qualification criteria for appraiser certification and recertification are disseminated to 
state appraisal boards ...
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Real Estate Finance and Investments 15th Edition By Brueggeman - Test Bank
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CHAPTER 3 
Mortgage Loan Foundations: The Time Value of Money 
 
TRUE/FALSE 
 
1.	In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 
 
2.	One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 
 
3.	At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 
 
4.	The future value of $800 deposited ...
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION 
 
Which of the following would NOT be considered Real Property? 
 
 
The servient estate in an easement appurtenant is the property 
 
 
Which of the following statements concerning encumbrances is NOT true 
 
Which of the following is not a specific lien? 
 
 
You have entered into a lease that requires you to pay 20% of the owners expenses. Your lease would be an example of 
 
 
If a husband and wife own an apartment buil...
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NYREI School Exam Questions and Answers Latest Version Graded A+
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NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license 
What is the preferred method of creating an agency relationship? expressed agency 
An amenity purchaser occupies or uses the purchased property 
Condominium units are considered _____ property and are conveyed by _____. real / deed 
A salesperson who is an independent contractor is not subject to withholding r...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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NEW JERSEY TITLE PRODUCER 2024 Final Exam Q & A
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NEW JERSEY TITLE PRODUCER 2024 
Final Exam Q & A 
ALTA 1 - CORRECT ANSWER-Street Assessments 
ALTA 2 - CORRECT ANSWER-Truth in lending 
owners policy - CORRECT ANSWER-insures estates of ownership, remains constant 
over the life of the property. Covers property line disputes. 
A type of title insurance issued in the name of the property owner. Coverage runs from 
the time of purchase for as long as the policyholder owns the property. 
mortgage lender policy (loan policy) - CORRECT ANSWER-lende...
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Florida Real Estate STATE exam Questions and Answers 100% Pass
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Florida Real Estate STATE exam Questions and Answers 100% Pass 
The best protection that the public has during a Real Estate transaction is (are) 
A. The national and state association of REALTORS 
B. The punishment of licensees dealing dishonesty 
C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law 
A group license 
A. allows a broker to have a branch office 
B. allows a sales associate to work for more than one broker 
C. may be held by a...
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