What is the pur Study guides, Class notes & Summaries

Real Estate Exam Prep 1 Questions and Answers Rated A A triangular lot has 78 feet of frontage. The lot is 96 feet deep. What is the square footage? 3,744 Which is the highest form of ownership possible? defeasible fee fee simple absolute leasehold life estate pur autre vi fee simple absolute A statement that follows the words of conveyance in a deed and includes "to have and to hold" is called the -covenant of seizin. -granting clause. -habendum clause. -recital. habendum clause Wha...

What is an LBO? - ANSWER A leveraged buyout is the acquisition of a company using debt instruments as the majority of the purchase price. Pros: 1. Valuation is realistic as it does not require synergies to achieve. Cons: 1. Ignoring synergies could result in an underestimated valuation. 2. Very sensitive to operating (growth rate, margins, etc) and financial (multiples) assumptions. Why would you use leverage when buying a company? - ANSWER To boost the investor's return. The les...

All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity Answer- D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the doctrine of specific performance? A. I...

Simplify the expression (-9)(-3)-[4-(3-6)] 20 What is the prime factorization of 30? 2 x 3 x 5 Four students were shopping at a mall. Lisa purchases a $20.00 shirt at 10% off. Tim purchases a $20.00 shirt at 20% off. Tina purchases a $25.00 at 40% off. Joe purchases a $25.00 shirt at 30% off. Who paid the most for the shirt? Lisa A group of students are working on a project. They complete 30% of the project in 12 hours. If they continue to work at the same speed, how many hours will it tak...

WV Real Estate Exam Questions and Answers Already Passed What are the types of fee simple estates? Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute The best type of ownership you can get. Fee Simple Defeasible Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? Fee simple determinable 2 Condition subsequent Fee Simple Defeasible Will include: so long as, while, during and includes the term reverter. Reverter Former ...

Interest is credited to a fixed annuity no lower than the - Answer-contract guaranteed rate Which of these statements regarding the extended term insurance nonforfeiture option is accurate? - Answer-The premium to purchase the coverage comes from the policy's cash value The requirements for continuing education apply to all of the following EXCEPT - Answer-customer service representatives Which of the following health insurance provisions requires that the application becomes part of t...

Superior Real Estate School Exam Questions and Answers Already Passed All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is t...

NC BLET STATE EXAM WITH 600 LATEST EXAM QUESTIONS & DETAILED CORRECT ANSWERS | NC BLET STATE EXAM TEST BANK BRAND NEW EXAM!! 100% GUARANTEED PASS. What is the purpose of the exclusionary rule for the 4th Amendment? (Arrest, Search, and Seizure) - ANSWER- Makes any evidence obtained by the government through an illegal search and seizure inadmissible in court What does double jeopardy do? (Arrest, Search, and Seizure) - ANSWER- Protects an individual against the pressures of repea...

Rockwell Cram Exam #3 Questions and Answers 100% AccurateRockwell Cram Exam #3 Questions and Answers 100% AccurateRockwell Cram Exam #3 Questions and Answers 100% AccurateRockwell Cram Exam #3 Questions and Answers 100% Accurate When homes in a new development are sold, a $2,000 fee is charged to the buyers. This fee covers the homeowners association dues for the first year. HOA dues for each subsequent year are $1,000. In the development's first year, ten homes are sold. Ten more are sold the...

Texas Principles of Real Estate 1 (2023/ 2024) Exam| Questions and Verified Answers| Grade A Q: Under subchapter E of TRELA the commission has a responsibility to make information available about the commission and its duties in the interest in: Answer: The general public Q: In a real estate transactions who may a licensee represent? Answer: A client Q: What type of real estate market occurs when both supply and demand are low? Answer: Stagnant Market Q:...