Quizlet real estate practice exam

More common in commercial than residential real estate. Universal Agency. The agent is given authority to represent his client in all matters, both business and personal. Very rare in real estate. Study with Quizlet and memorize flashcards containing terms like Appurtenance, Improvements, Air rights and more.

Study with Quizlet and memorize flashcards containing terms like Which clause protects a lender if he does not want the loan to be assumed by another party? a) Abandonment b) Subordination c) Satisfaction d) Alienation, Justin defaulted on his home mortgage payments. The lender obtained a court order to foreclose on the property. At the foreclosure sale, Justin's house sold for $339,000 and ...Terms in this set (28) A real estate sales agent may be employed by: Their broker. As a prerequisite to an agents use of an income and expense data worksheet, the agent asks a prospective broker: The price range of property the agent is most likely to list and sell. A (blank) occurs when a broker or their agent has a professional or personal ...National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?The #1 Rated Free Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff. Runs with the land. A lien is an encumbrance that remains on the property until paid. This means that it: Capital Gains. The difference between the adjusted cost basis of a property and the net selling price is the. Personality. If a mobile home is delivered to a lot and hooked up to utilities, it is considered: Straight line depreciation. Stress is linked to anxiety and depression, so it's important to support your child during stressful periods. Reviewed by a GP. Try our Symptom Checker Got any other symptoms? Try ...Study with Quizlet and memorize flashcards containing terms like A title was recorded for a parcel of real property vested in the name of Johan Wilson, a property only in the name of Johan Roberts, a married woman. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. BLAW 3391 FINAL EXAM (CH.10 - CH.18) 75 terms ...140 of 140. Quiz yourself with questions and answers for FL Real Estate Exam Practice Questions, 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.

Preview. Chapter 4-Consideration of Value for the Promise. 25 terms. msperu37. Preview. Study with Quizlet and memorize flashcards containing terms like Which item below can help protect against a home with a listed incorrect street address or legal description in public records?, Robert owns his property and enjoys the full bundle of rights. d. house number. C. a tractor. The only item of "chattel" among the following is: a. standing timber. b. a fence erected on a lot. c. a tractor. d. a prefabricated home built on a lot. See more. Study with Quizlet and memorize flashcards containing terms like C. Real Estate, B. Improvement, D. Personalty and more. A worker has not been paid for work done on a property. - A mechanic's lien is a type of involuntary, specific lien that can be imposed upon a property if the owner fails to pay a contractor for any work on the property. Math: Hydra purchases a house for $300,000. A year later, she sells her house for $250,000. Study with Quizlet and memorize flashcards containing terms like Why do people go into real estate sales? a. High earning potential b. Independence c. Flexible schedule d. All of the above, Real estate salespeople are paid when: a. they obtain a listing. b. one of their transactions closes. c. the broker receives the earnest money deposits from the buyer. d. the buyer and seller open escrow ... Study with Quizlet and memorize flashcards containing terms like A title was recorded for a parcel of real property vested in the name of Johan Wilson, a property only in the name of Johan Roberts, a married woman. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. BLAW 3391 FINAL EXAM (CH.10 - CH.18) 75 terms ...Study with Quizlet and memorize flashcards containing terms like All of the following would be considered real property EXCEPT, The servient estate in an easement appurtenant is the property, Which of the following statements concerning encumbrances is NOT true and more. ... National Real Estate Exam- PSI Test Prep. 203 terms. gwenn_bartlett ...118 of 183. Definition. 1) Prior to the closing of sale, the seller must give the buyer a statement regarding the condition of the property. 2) If a real estate agent is involved in the sale, the agent must also do a physical inspection and report his or her findings. 3) All parties sign the form.After deducting $5,100 in closing costs and a 6.5% brokerage fee, the seller netted $175,500. Rounding your answer to the nearest dollar, what was the selling price?*. $193,155. Illinois Real Estate; Practice Exam - 05 (75%) Learn with flashcards, games, and more — for free.

Study with Quizlet and memorize flashcards containing terms like How many sales would a licensee have to make per year to gross $105,000 per year under the following fact situation? An average sales price of $500,000, with an average gross commission on each sale of 6%, a commission split between listing and selling brokerage of 50% each, and …37 of 37. Quiz yourself with questions and answers for Real Estate Appraisal 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.Geography and Economics. 37 terms. aryasellenger. Preview. Economics - 1.1. 48 terms. Chloe_MAKINSON3. Preview. Study with Quizlet and memorize flashcards containing terms like What agency issues real estate licenses?, At what age can you become a real estate salesperson?, Do you need experience in the field to become a salesperson? and more.Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that: a. prices are at high levels. b. prices can be expected to continue to rise. c. the marketplace is not the same in different price ranges. d. the marketplace reflects the income of the buyers., Most real estate agents are involved primarily in the ...Mike, Ike, and Spike each own a portion of the stock. Mike & Ike Realty is a legal entity of its own. Mike is involved in a ______. Corporation. With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums.

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Study with Quizlet and memorize flashcards containing terms like Land, Zoning Administration, Real estate and more. ... Indiana real estate exam practice. 263 terms. cmartin5378. Preview. Causes of Crimes and Legal Issues. 25 terms. quizlette89635718. Preview. Hawkins v. McGee. 20 terms. dthompso20. Preview. Real Estate Practice Exam Questions.Study with Quizlet and memorize flashcards containing terms like A succession of conveyances from one owner to another from a certain point in time is:, Mr. Jones has a fee simple estate. He leases his property to Mr. Rios for 10 years. Mr. Jones has:, The origins of agency relationships began in the United States when the first real estate act was passed in: and more.Missouri Real Estate Exam. 100 terms. savajohn. Preview. AP Gov Unit 1 questions (foundations of democracy) 11 terms. kai_mccarthy. Preview. health assessment exam 1.Practice of Real Estate Progress Exam 1. A cooperative service conducted by a group of brokers who are members of a real estate association: Click the card to flip 👆. MLS (Multiple Listing Service) Click the card to flip 👆. 1 / 38.Study with Quizlet and memorize flashcards containing terms like acceleration clause, accession, accretion and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Real Estate Exam Vocabulary. 383 terms. haley_booker68. Preview. More law stuff. 27 terms. FeshFido. Preview. Government Power - Escheat.

20 Multiple choice questions. Term. The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: $20,000.Study with Quizlet and memorize flashcards containing terms like hometown Bank and trust refuses to lend money to homeowners trying to purchase property in ...Study with Quizlet and memorize flashcards containing terms like An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. CA Real Estate Exam 2024 Practice Questions. 176 terms. Robert_Njoroge56. Preview ...1. complete an additional 15- hour course for non-residents. 2. furnish evidence of good moral character to the real estate commission. 3. pay a higher licensing fee than resident licenses. 4. file a consent to be sued in NJ. By definition, an "estate for years". 1. must be for at least two years. None of the above. B) Current real estate taxes. Liens regarding real estate take precedence over other types of liens. This type of lien gives creditors a way to collect debts owed to them. North Carolina requires all counties to conduct reappraisals at lease every ______________. A. 4 years. B. 8 years. C. 2 years. practice real estate. 21 terms. tombui81. Preview. EXAM PRACTICE. 49 terms. Brenda_Esparza35. Preview. Econ Vocab Quiz #3. 10 terms. adsnider15. Preview. U2 micro. 24 terms. JonPMcLaughlin. Preview. Real Estate Post Licensing Quiz - Chapter 1 - Real Estate as a Career. 15 terms. onepineapple. Preview. RE chapter Final Exam. 100 terms.Study with Quizlet and memorize flashcards containing terms like The commission shall be appointed by?, The three functions of the commission are?, The commission has how many members? and more. ... New Mexico Real Estate License Exam Practice. Teacher 6 terms. cindymcardle. Preview. State & Local Taxes . 10 terms. tristenH3872. Preview. Phar ...Study with Quizlet and memorize flashcards containing terms like Primary Purpose of Louisiana License Law is to, The LA Real Estate Commission consists of, To confirm commission appointments, the Governor must submit names to and more. ... Louisiana Real Estate Practice Exams (National) 151 terms. CJS701. Preview. Real Estate State Portion ...The Missouri Real Estate Commission was created by an act of the 61st General Assembly and approved by the governor on July 31, 1941. The Commission consists of seven voting members. Six of those members must have at least 10 years experience as real estate brokers. A public member serves as the seventh member. 75. Laurel, a real estate broker, is also a property manager for an eight-unit residential property. In her role as property manager, Laurel is a (n): a. general agent. b. fiduciary. c. special agent. d. both a and b. d. both a and b. Sent from Professor at NYREI Learn with flashcards, games, and more — for free. A buyer agrees to all terms of a seller's offer except price. The buyer lowers the price by $1,000, signs the form, and mails it back to the seller. At this point, the seller's offer. is void. Study with Quizlet and memorize flashcards containing terms like An owner completes a contract to sell her property.

Refers to distance. Making money. Mixing a customers money with your money. 20 of 20. Quiz yourself with questions and answers for REAL ESTATE STATE EXAM PREP, 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.

Study with Quizlet and memorize flashcards containing terms like Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt., Answer: A A construction lien is given as security to those who perform labor or ...101 of 101. Quiz yourself with questions and answers for Real Estate Practice Exam (State), 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.The Investigations section of the AREC is responsible for investigating complaints from consumers for alleged violations of the. Real estate education law, time share law and real estate license law. All members of the AREC are. Confirmed by the Senate. The arkansas license law allows all licenses to perform all function proper to a principal ...Study with Quizlet and memorize flashcards containing terms like hometown Bank and trust refuses to lend money to homeowners trying to purchase property in ...Study with Quizlet and memorize flashcards containing terms like improvements made to real property become part of the real property because of?, ...Study with Quizlet and memorize flashcards containing terms like What kind of mortgage involves two or more properties pledged as security for repayment of a loan?, The rate at which a bank can obtain an overnight loan from another bank without providing collateral is called the ______ rate., Vicky and Lee vacation in Cancun, Mexico every year. They purchased the right to stay in a beach condo ...Real Estate Agent License Practice Test. Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Most states administer the tests in two parts, and require that the candidate pass both.118 of 183. Definition. 1) Prior to the closing of sale, the seller must give the buyer a statement regarding the condition of the property. 2) If a real estate agent is involved in the sale, the agent must also do a physical inspection and report his or her findings. 3) All parties sign the form.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.

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Study with Quizlet and memorize flashcards containing terms like When testing the conduct of an agent while engaged in real estate related activities, the independent contractor (IC) provision in the broker-agent employment agreement cannot and does not change the sales agent's classification as:, An outside salesperson is defined as a person who regularly works, An agent needs to collect ...Study with Quizlet and memorize flashcards containing terms like Which legal description method uses compass headings and directions? A. Block & Grid B. Metes & Bounds C. Rectangular Survey System D. Lot & Block, When a government entity exercises its powers to create zoning ordinances, what must be followed? A. Federal zoning codes B. The area's comprehensive plan C. The state's zoning codes ...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 ...101 of 101. Quiz yourself with questions and answers for Real Estate Practice Exam (State), 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.Study with Quizlet and memorize flashcards containing terms like Which of the following professionals involved in the real estate business are the most concerned about managing real estate for clients? A) Brokers and Agents B) Property Managers C) Corporate Real Estate Managers D) Appraisers, Real Estate can be defined as A) Land and all property continued therein. B) Unimproved land. C) Land ...Study with Quizlet and memorize flashcards containing terms like What are the 4 types of real estate?, Who is able to do financing? (5 groups), What are off-site developments? and more.Study with Quizlet and memorize flashcards containing terms like Which of the following is exempt from the Natural Hazards Disclosure?, Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's accepted. There's only one problem: They haven't ...The #1 Rated Free Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff.KY Real Estate Exam. 111 terms. megwelch4. 1 / 5. Study with Quizlet and memorize flashcards containing terms like There can be no more than _____ members of any political party serving on the Commission at one time., A rebate could be: - a TV -A gift certificate - a return of paid commissions -none of the above, The Commission has the ability ... ….

National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?85 of 85. Quiz yourself with questions and answers for Missouri 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.Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸.85 of 85. Quiz yourself with questions and answers for Missouri 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.Study with Quizlet and memorize flashcards containing terms like A freehold estate is _____., a ... FL Real Estate Exam Practice Questions. 140 terms. slwainwright. Preview. Florida Real Estate Exam. 140 terms. victori4u. Preview. Democracy, Branches of Government, Voting Rights, Due Process of Law, Cyber Law.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 ...A purchaser wants to buy a house that costs $330,000. The bank is offering a mortgage loan at a loan-to-value ratio of 80%. How much will the purchaser need for a down payment? $66,000 (Loan to Value Ratio Bank Loans 80% 20% Down 330,000 x 0.20= 66,000) The law that controls advertising of real estate loans is.A. take and subscribe the oath of office. B. file the oath of office with the county clerk's office. C. file a $15,000 surety bond with the county clerk's office. D. All of the above. D. All of the above. Nora Notary was called to notarize several documents for her cousin Peter Principal. Quizlet real estate practice exam, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]