Quizlet real estate practice exam.

2) 2.3 Practice Exam # 3 (75 questions). 4.8 (5 reviews) ...The Real Estate Board. The Virginia Residential Landlord Tenant Act allows a landlord to require a security deposit as a condition of a lease, but has established a maximum amount. The amount of such deposit cannot exceed... Two month's rent. A broker has received an earnest money deposit to support a valid contract.13th Edition • ISBN: 9781260430479 Arthur Getis, Daniel Montello, Mark Bjelland. 107 solutions. 1 / 5. Study with Quizlet and memorize flashcards containing terms like Prior to the origin of Hawaii's land system in the 1840s who owned all of the lands?, What are the land directions if he/she is on shore, facing the mountains?, What are the ...She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker.

Study with Quizlet and memorize flashcards containing terms like 1 of 50 - Ensuring consumers are fully informed of all finance changes and aware of the true annual interest rate are requirements of which regulation? A. Article 7 B. RESPA C. Truth in Lending D. Uniform Settlement Statement, 2 of 50 - Patrice and Cornell are completing a sales contract with Mary, their agent. The sales contract ...Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸.Online banks. 20 of 20. Quiz yourself with questions and answers for Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

Term. The Broker of record can be responsible for the real estate transactions worked on by _______. A fine between $100 and $1000 and a jail sentence of up to 6 months. Contractor lists all materials, equipment, and necessary labor. Have Emilio agree to pay the broker's commission if he buys the FSBO.

a. appraisals. b. broker price opinions. c. comparative market analysis. d. real estate licensees are exempt from the provisions of USPAP. a. Appraisers are paid a fee because. a. to accept compensation based on the appraised value is a conflict of interest. b. custom dictates the method of compensation.640 acres. The E 1/2 of the E 1/2 of the E 1/2 of the SW 1/4 of the SW 1/4 of Section 32, T2N, R3E would contain how many acres? 5. A farm, described as the "NW 1/4 of the SE 1/4 of Section 10, Township 4N, Range 4 W of the Gila and Salt River Base and Meridian" sold for $500 per acre.Real Estate State Practice Exam. Get a hint. Steve is an Indiana real estate broker. He's agreed to perform a fee appraisal on a property. This is legal in Indiana as long as ___________. Click the card to flip 👆. The property's value falls below federal limits requiring a licensed or certified appraiser. Click the card to flip 👆.Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that:, Most real estate agents are involved primarily in the sale of:, The IRS will treat the real estate salesperson as an independent contractor if 3 criteria are met. These criteria include: and more.

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estate for years. there are many advantages to holding property within a trust. one of the most important advantages is that some trusts________. avoid probate. categories of adjustment (5 in order) 1. financial terms and cash equivalency. 2. conditions of sale. 3. market conditions at the time of contract and closing.

8 feet x 9 feet x 12 feet= $864/2= 432 cubic ft x $1.82= $786.24. On Monday, a seller offers to sell his residence to a buyer for $152,000. on Tuesday the buyer counteroffers to buy the property for $150,500. On Friday, the buyer withdraws his counteroffer and accepts the seller's original price of $152,000.race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act.A metes and bounds description. A) must cover an area larger than 10 acres. B) must be made only in an area not covered by the rectangular survey system. C) must begin and end at the point of beginning. D) must always use north as a baseline direction. C) must begin and end at the point of beginning.Study with Quizlet and memorize flashcards containing terms like 1. When must a written no brokerage relationship notice be provided to customers?, 2. Which of the following can not be used by the federal reserve to change or control the money supply?, 3. A broker has an exclusive right of sale listing to sell an owner's property, with no other authority granted. …NC Real Estate Exam Practice Questions. 31 terms. cupcakeangel365. Preview. Worshipping God in times of trouble. 6 terms. pwarren25. Preview. act 2 english vocab. 10 terms. jacob_roth81. Preview. Real Estate NC exam . Teacher 206 terms. quizacc13. ... Quizlet for Schools; Language Country. United States ...

Study with Quizlet and memorize flashcards containing terms like Income tax deductabile in home ownership, When should purchase price be decided with 60 day option, The 1988 Amendments to the Fair Housing Act and more. ... GA REAl ESTATE PRACTICE EXAM. Flashcards. Learn. ... For a real estate contract to be valid, it must contain some form of ...Question 1 Contracts Practice Test for the Real Estate License Exam. Question 1. Foreclosure occurs when a ____ seizes and sells a borrower's ____ after the borrower has failed to ____ the lender. bank, personal property, appreciate.only 2 answers per question Learn with flashcards, games, and more — for free.loan in designated areas. stay in close communication with clients or customers, report violations of real estate law to the DRE, submit app written offers in a prompt and timely manner. Study with Quizlet and memorize flashcards containing terms like The CA Act that prohibits discrimination by all California businesses is, Advertising a home ...the unlawful practice of refusing real estate related business services based on location of a person's real property. ie: lending institutions or insurance companies 60. Reconciliation definition...

Earnest money is sometimes referred to as a “down payment on the ______." Down payment. Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of a (n) ______ agency agreement.

The 75 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New York real estate license law. Here are what topics you are expected to know: New York General Exam Topics: Property Ownership. Land Use Controls and Regulations. Valuation and Market Analysis. Financing.Answer: 1, an attorney selling real estate in an estate. See more. Study with Quizlet and memorize flashcards containing terms like Unilateral Contract, Bilateral Contract, Client/Principal and more.Study with Quizlet and memorize flashcards containing terms like Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. ... CT Real Estate Licensing Practice Exam. 80 terms. Richiee1124. Preview. CT real estate salesperson exam. 25 terms. Nealetae. Preview. 2022 W-2 ...Study with Quizlet and memorize flashcards containing terms like Amenities of residential real estate are:, To restore an old home to its original condition without making any changes in the floor plan or style is referred to as, One who takes in severalty most generally takes title and more.Free real estate exam practice test to help you get your real estate license. We help thousands of people pass their exam each month and we can help you too.The Definitive Practice Test Guide for the Real Estate License Exam. About the Real Estate License Exam. Sections of the Real Estate License Exam. Brokerage … Both a and b. A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to as. a red flag. A property was listed at $100,000. An offer of $96,000 is received. In explaining the difference, the agent should consider saying. 5,400/12=450 MONTHLY. The $250,000 house is taxed at 80% Assessed Value. If the house is taxed at $27 per $1,000, what is the MONTHLY property tax? Study with Quizlet and memorize flashcards containing terms like UNILATERAL CONTRACT, SUBSTITUTION, IN WRITING and more.80 of 80. Quiz yourself with questions and answers for NATIONAL REAL ESTATE PRACTICE EXAM, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.75 of 75. Quiz yourself with questions and answers for New York State Real Estate Salesperson Licensing Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

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Real Estate Practice, Edition 9, final Learn with flashcards, games, and more — for free. ... Real Estate Practice Final Exam. 100 terms. Baljot_Singh5. Preview. RE 310 Final Exam - Dorris. 100 terms. evanbrenk. Preview. War and Peace. 35 terms. YeungHK7. ... Quizlet for Schools; Language Country. United States; Canada ...

Study with Quizlet and memorize flashcards containing terms like Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could:, Joint tenant estate held by two joint tenants is severed and ended by the following:, A man owns six seperate parcels of real property.Fee Simple Defeasible. Molly, a successful real estate salesperson, took some time off to stay at home with her first child. Days turned into weeks, weeks into months, months into years, until Molly's child was starting school. She decided she needed to head back to her profession and pick up where she left off.She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker.If you've been hard at work in school and haven't had the time to study for an exam, then perhaps you should set aside time the night before to cram for the exam. Depending on what...Study with Quizlet and memorize flashcards containing terms like A) Notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission., D) It is illegal for a broker to rebate a portion of the commission to a principal to a transaction., A) 90 days. and more.Study with Quizlet and memorize flashcards containing terms like When an appraiser is looking at the quality of interior finishes, the appraiser will evaluate all of the following EXCEPT a. conuntertops b. walls c. HVAC d. Presence or absence of molding, The city buys a block of condemned houses, razes them, and establishes a park. In order to create the park, the city required a ...Broker's principle are called. clients. the Maryland Real Estate Commission. 3 out of its members are not real estate licensees and 5 are. a team leader. The team leader is chosen by the members of the team. The team leader is responsible for reasonable and adequate supervision of the team. The team leader can be the branch manager.VA Real Estate State Practice Exam 3. Salesperson Chris advertises a property that he listed. The ad reads, "beautiful rambler, excellent assumption. Call Chris at 555-0000 for details." This ad is in violation of the Virginia License Law because: A.The Tennessee Real Estate Broker License Act of 1973 protects consumers against real estate licensees who ______. 1. Are ambitious, gregarious, and use heavy amounts of advertising to sell real estate. 2. Are new to real estate and aren't familiar with all the ins and outs of a real estate transaction. 3.Study with Quizlet and memorize flashcards containing terms like C.) It protects the lender from loss due to defective titles. The property is used as collateral (security) for the loan. The title insurance protects a lender against the loss of security as a result of a title problem., C.) The lender must provide the Closing Disclosure by Friday of the week before closing. Lenders must deliver ...

Study with Quizlet and memorize flashcards containing terms like Liquidation value, remainder estate, cost approach and more. ... Real Estate Exam Practice Questions. 100 terms. RealEstateJam. Preview. Ch. 9 Exam. Teacher 33 terms. gilojoseph6. Preview. Energy. 23 terms. meganlucas423. Preview. Macroeconomics Chapter 6- Abington.Learn about the benefits of no exam life insurance; an accessible policy that lets you get life insurance with no medical exam. By clicking "TRY IT", I agree to receive newsletters...Study with Quizlet and memorize flashcards containing terms like A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by:, Which of the following has the duty of supervising and controlling all aspects of the offering of a timeshare plan?, If the broker finds out that a …1 acre = 43,560 square feet. example: 3 acres being sold for $1.10 a sq ft. 43,560 x 3 = 130,680. 130,680 x 1.10 = 143,748. Mineral, air and water rights. Liens. A charge against property that provides security for a debt or an obligation of the property owner. Examples: judgements (sued), unpaid real estate taxes.Instagram:https://instagram. jager black ice chibi code 5,400/12=450 MONTHLY. The $250,000 house is taxed at 80% Assessed Value. If the house is taxed at $27 per $1,000, what is the MONTHLY property tax? Study with Quizlet and memorize flashcards containing terms like UNILATERAL CONTRACT, SUBSTITUTION, IN WRITING and more. keystroke speed kph Test your knowledge of real estate terms and concepts with this set of 90 flashcards created by Logan_Cooper289. Learn the definitions, examples and applications of … kwikset smart lock buttons not working Real Estate Exam Massachusetts Test Practice. Get a hint. The usual period during which Massachusetts lender advertise a property that is in foreclosure proceedings prior to sale is how many weeks? Click the card to flip 👆. Three. Click the card to flip 👆. 1 / 23. naics code for entertainment A form of ownership in which a corporation is established to hold title to property and to lease the property to shareholders in the corp. Real-estate owned by one individual. grants ownership in land for the lifetime of a specified person. Definitions / terms Learn with flashcards, games, and more — for free.The two-year licensing period is almost over in Alabama, so he's quickly finishing his required 15 hours of CE before the deadline. He's also planning on completing 15 more hours of CE during the next licensing period. Ennis is changing his license status from _______ to _______. Inactive to active. Bob holds a real estate license in ... amazon prime kicking me out Study with Quizlet and memorize flashcards containing terms like Which one of the following could be a clue that a property was formerly a waste disposal site?, Candace and Phil Tolson listed their home for sale with Trent Richards, the broker for Richards Homes. Sadly, Trent became incapacitated due to a car accident. What's the status of the listing agreement?, The owner of a duplex charges ... adopt border collie near me Real property can be converted to personal property by. severance. Study with Quizlet and memorize flashcards containing terms like An exception to title insurance coverage is, A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the ...D. Administering the state exams. A. Making and enforcing the rules by which real estate licensees must abide. The TREC makes and enforces the rules the govern all activities of real estate licensees. These rules support real estate law that is enacted by the legislature. Practice Real Estate Final Exam 02. ninja cat and zombie dinosaurs unblocked A is worth $20,000, B is worth $27,000, and C is worth $16,000 for a total of $63,000. A developer believes that if all three can be purchased, the larger ...Study with Quizlet and memorize flashcards containing terms like A salesperson paid an hourly wage and expected to be in the office from 8am until 2pm to answer phones is probably a(n): A. Independent contractor B. Employee C. Contract agent D. Associate broker, A division of a community along geographic lines for purposes of listing homes for sale by two salespeople working for the same ... fram oil filter ph4386 Study with Quizlet and memorize flashcards containing terms like A licensed real estate broker has been hired by a lender to appraise a home for a buyer who has made application for an FHA loan. Which statement is TRUE regarding this situation?, Leasehold estates do NOT include:, The Florida Real Estate Commission must notify which agency when it takes disciplinary action against any of the ...Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ... california rappers She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must pass the licensing exam with a minimum score of 80%. She must provide her licensing history to the commission within 120 days before the commission issues the license. Study with Quizlet and memorize flashcards containing terms like "Diligent visual inspection" requirements, along with the seller's mandatory disclosure of specified items and any known adverse material conditions, is included in which disclosure form? - Smoke Alarm Disclosure - Fire Hazard Disclosure - Transfer Disclosure Statement (TDS) - None of the answers are correct, In California, the ... kerry's sports pub las vegas Study with Quizlet and memorize flashcards containing terms like The amount per $1,000 used to calculate taxes on property is the, The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is, May eviction and foreclosure notices be delivered electronically in South Carolina? and more. dodge city antique mall 23 of 23. Quiz yourself with questions and answers for Real Estate Exam Massachusetts Test Practice, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Real Estate Finance: Practice Exam. Security interest gives the _______ the right to bring about sale of a loan if there is default. a. hypothecation. b. borrower. c. mortgagee. d. grantee. Click the card to flip 👆. c. mortgagee. Click the card to flip 👆.Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ...