Barney fletcher exam 4 - Study guides, Class notes & Summaries
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Barney Fletcher Exam Questions 4 Questions & Answers!!
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition - ANSWER B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage - ANSWER B. projected net income 
 
A deed would be presumed to have ...
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Barney Fletcher Cram Notes Booklet Exam
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Barney Fletcher Cram Notes Booklet Exam deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Answer-anything that is not real property; Chattel Severance - Answer-Remov...
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Barney Fletcher Section 1 Exam with Complete Solutions
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Barney Fletcher Section 1 Exam with 
Complete Solutions 
Bundle of Rights - Ans ️️ the legal rights that accompany real property 
ownership. 
Real Estate or Real Property - Ans ️️ Land, improvements, & legal rights of 
ownership 
Appurtenance - Ans ️️ rights, privileges or improvements that belong to and pass 
with the transfer of property. Attaches to land, not owner 
Surface Rights - Ans ️️ right to control, occupy, and use the surface area of a 
parcel of real estate (the land...
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Barney Fletcher Exam questions & Answers
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In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? 
 
A. no, because it had only been listed for 3 months 
B. no, because of the divorce, it was not an arms length agreement 
C. yes, you would use the actual sales price of $40,000 
D. yes, because it was a comparable type property - ANSWER B. no, because of the divorce, it was not an arms l...
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Barney Fletcher Exam Questions 4 Questions & Answers
- Exam (elaborations) • 7 pages • 2024
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition - ANSWER B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage - ANSWER B. projected net income 
 
A deed would be presumed to have ...
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Barney Fletcher Exam Questions 4 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 17 pages • 2023
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition correct answer: B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage correct answer: B. projected net income
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Barney Fletcher Exam 4 Questions and Answers
- Exam (elaborations) • 8 pages • 2024
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Barney Fletcher Exam 4 Questions and Answers which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition - Answer-B. conformity If you took projected future costs from projected future income, you would arrive at: A. capitalization rate B. projected net income C. projected debt service D. projected debt coverage - Answer-B. projected net income A deed...
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Barney Fletcher Practice Exam 4 (100% Verified) Questions and Answers 2024/2025
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Barney Fletcher Practice Exam 4 (100% Verified) 
Questions and Answers 2024/2025
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Barney Fletcher Exam Questions 4 & answers 2023
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Barney Fletcher Exam Questions 4 & answers 2023which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition - correct answer B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage - correct answ...
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Barney Fletcher Test Review 2023 updated to pass
- Exam (elaborations) • 16 pages • 2023
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Barney Fletcher Test Review 2023 updated to pass1. Open Listing (Non-Exclusive) - correct answer May be given to many brokers. Only the broker who is the "procuring cause" gets paid. 
 
2. Truth in Lending Act (Regulation Z) - correct answer Requires meaningful disclosure of cost of credit including APR (Annual Percentage Rate). 
 
3. Trust Accounts - correct answer Holding valuables for others; 
Commingling-illegal mixing trust funds and own private funds; Can't be used for broker purposes; ...
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