A single parcel is va - Study guides, Class notes & Summaries

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+. Ashton, an appraiser, is estimating value using the sales comparison approach. He applies more weight to two comparables over several others he used. What process is he utilizing? - answerCorrelation; Through a correlation process, the most weight may be given to one or two comparables, or equal weight may be given to all. The term reconciliation is often synonymous with correlation. Blake is allowed to use his propert...

All of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to Department of Veterans Affairs Which of...

All of the following are ways by which an offer to purchase real estate would be terminate, except - Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to - Department of Veterans Affairs Whic...

CA Real Estate Exam 2024 Guaranteed Success A rectangular lot contained 17,550 square feet. It measured 150 feet deep. A man wanted to build a store and needed more land. He could buy one lot on each side of this lot. Each of the side lots was the same size and the same shape. Each was 150 feet deep. Each contained 6,000 square feet. If he purchased all three lots, what would be the front footage: 197; When rent is computed on the gross sales of a business occupying real property, th...

Final Exam A California real estate Questions and Answers 100% Pass All of the following are ways by which an offer to purchase real estate would be terminate, except - Correct Answer ️️ -Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Correct Answer ️️ -Prepaid rent When a Cal-Vet wishes to purchase a hom...

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immaterial if the property is properly described D. A defect which may cause a cloud on the title ...

McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? CORRECT ANSWERS: the AQB True or False: An applicant for Certified General appraiser must possess at least an associate's degree from an accredited college or university. CORRECT ANSWERS: False The requirements for state licensed and certified appraisers had their genesis in CORRECT ANSWERS: FIRREA An ap...

California Real Estate Exam Multiple Choice Questions with 100% Correct Answers An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - Correct Answer ️️ -d. all of the above. These are elements of value. Which of the following abbreviations is assoc...

Loan Signing Questions and Answers Rated A contingency a clause in an agreement that keeps things from being legally binding unless a condition is met. A typical contingency clause might read like this: "This contract is contingent upon Buyer successfully obtaining a mortgage loan at an interest rate of 6 percent or less." recording fee The fee charged by a government agency for registering or recording a real estate purchase or sale, so that it becomes a matter of public record. Recording fe...

All of the following are ways by which an offer to purchase real estate would be terminate, except correct answers Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items correct answers Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to correct an...