Rockwell real estate exam - Study guides, Class notes & Summaries

Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Rockwell Real Estate Exam Questions and Answers 100% Accurate Freehold Estate - ANSWER-Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - ANSWER-Is the greatest estate that ...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - correct answer b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will re...

Freehold Estate - correct answer Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - correct answer Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infinite duration and represents the whole "bundle of rights" Estate of Inheritance - correct answer An estate that can pass to the holders heirs, especially a fee simple Defensible fee estate - ...

At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - correct answer D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each ...

Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions Rockwell Real Estate Exam WA 2 THEIRS with Complete Solutions A counteroffer: A. acts as a rejection of the initial offer B. is used to rescind a previously existing contract C. is used only to make an offer contingent on a particular event D. is...

Rockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate vRockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate Rockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate Rockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate Rockwell Real Estate Exam WA 2 Questions and Answers 100% Accurate At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction ...

At what point in a transaction must you disclose your agency status in writing? - correct answer -Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each party is about to sign an offer. A counteroffer: - correct answer -Acts as a rejection of the initial offer A counteroffer is a rejection o...

Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct 3 methods of legal description - ANSWER-Metes and Bounds - Local. Describes the property location in the location itself Government Survey method - Used to identify the location of the property in reference to the united states survey map....

Which of the following loans would be subject to the Truth In Lending Act? - correct answer A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - correct answer $406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obl...

Rockwell Real Estate Exam WA 2 | Questions, Answers and Rationales At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure unt...