Llinois real estate - Study guides, Class notes & Summaries

llinois Real Estate Leasing Agent Exam

The final decision on the listing price for a property is made by the a) listing broker b) sponsoring broker c) seller d) appraiser - c) seller A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square feet does it contain? a) 13,000 sq. ft. b) 36,400 sq. ft. c) 39,000 sq. ft. d) 52,000 sq. ft. - c) 39,000 sq. ft. A fee simple holder of a parcel of real estate grants a life estate to his son and stipulates that upon the son's death the property will pass to ...

Illinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% Verified VA Loan - ANSWER-A loan backed by the U.S. Department of Veterans Affairs which offers veterans and service personnel the opportunity to buy a home with favorable terms, often with no down pay...

llinois Real Estate Practice Exam/ 225 Qs & Ans . Terms like: Title Insurance - Answer: Best evidence of marketable title A borrower has a mortgage loan that requires monthly payments of $936.25 for 10 years and a final payment of $136,287. Type of loan? - Answer: Balloon Loan Brokers should deposit all earnest money checks they receive into an escrow account or trust account to prevent being accused. - Answer: Commingling

Illinois Real Estate License Test Latest Update 100% Pass Brokerage the business of bringing people together in a real estate transaction real estate licensee acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or for both llinois license categories broker, managing broker, and leasing agent Appraisal is the process of estimating a property's market value based o...

Illinois Real Estate Leasing Agent Exam

Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified What does the statue of frauds require? - ANSWER-That certain types of contracts, like property ownership transfer, be in writing to be legally enforceable. Offer an...

Illinois Real Estate Practice Exam Questions and Answers Objectives of Federal Reserve System - Answer- To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market Remainder Interest - Answer- A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second es...

ILLINOIS REAL ESTATE BROKER EXAM NEWEST 2024 COMPLETE EXAM AND PRACTICE QUESTIONS 300 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Objectives of Federal Reserve System To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market Remainder Interest A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second estate is called A property buyer obtains a term loan to finance a home purchase...