Quizlet real estate practice exam.

640 acres. An acre consists of how many square feet? 43,560. Texas Real Estate Principles 1 Learn with flashcards, games, and more — for free.Availability and affordability. The real estate cycle is affected primarily by _______ . Compare the competition to the rates, condition, amenities, and location of the owner's property. To develop a marketing plan for the property owner, the property manager should ______. $450,000.81 of 81. Quiz yourself with questions and answers for Real Estate Exam (Math Portion), Real Estate Math Practice Problems, 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.All offers must be presented to the seller. look up scenarios on pdf. Study with Quizlet and memorize flashcards containing terms like Where was the first real estate act passed?, When was the Texas Real Estate Commission created?, What are examples of loyalty? and more.

Study with Quizlet and memorize flashcards containing terms like a household furnishing, selling price, the seller takes back the mortgage as part of the purchase price and more. ... NJ Real Estate Practice Exam. Flashcards; Learn; Test; ... A. setting the fees for licensing exams B. promulgating real estate laws C. setting license fees D. none ...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 Home mortgage interest is deductible on your primary or second home for home acquisition debt up to a loan amount of A) $500,000 B) $250,000 C) $100,000 D) $1,000,000, The veterans tax exemption is: A) $4,000 B) $7,000 C) $10,000 D) $6,000, The fine for violating the CAN-SPAM law is A) $6,000 B) $1,000 C) $16,000 D) $10,000 and more.

This free practice exam is here to help you master the state-specific portion of the Texas Real Estate Practice Exam real estate exam. In Texas, there are 125 questions on the exam (85 national and 40 state). For help with the national we have our free national quiz. That section can be used to study the topics featured on those 85 questions.Free Florida Real Estate Practice Exam Questions (April 2024) 100+. Florida Real Estate Exam. Hello, welcome to our Florida Real Estate Practice Exam. In Florida, there are …

The #1 Rated Free Michigan Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff.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.Top creator on Quizlet ... Share. Students also viewed. Real Estate Finance Exam Prep - Loan Types. 45 terms. beaborrero1. Preview. Real Estate Finance Practice exam. 61 terms. dirtlint. Preview. Financial Accounting Final Exam - Content Set Ch. 8. 5 terms. lsheth8. Preview. Chapter 14 Quiz ACCT 321. 25 terms. gimenezge22. Preview.Study with Quizlet and memorize flashcards containing terms like Who would be exempt from the Fair Housing Act of 1968 and amendments?, An agent shows a rental property to a prospective tenant on behalf of their client, the landlord. During the showing, the tenant states that they are HIV positive. What should the agent do about this?, A landlord is …Practice Tests Questions for the California Real Estate Sales Person Exam Learn with flashcards, games, and more — for free. ... CA Real Estate Broker Exam Prep. 498 terms. kimbertran. Preview. CA Real Estate Exam 2023. 600 terms. dennishenderson3000. ... Quizlet for Schools; Language

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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.

A family purchased a $90,000 lot to build a custom home. At the date of closing, the lot was assessed at $84,550 and the tax rate was $1.91/$100 assessed valuation. When they completed the home, the assessment increased by $235,000 to include the new construction.42 of 42. Quiz yourself with questions and answers for Real Estate 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 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 A _____ is a permanent change in one or more of the terms of a borrower's loan. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Champions Real Estate Finance. 60 terms. Mariahjje. Preview. Enterprise/Equity Value. 12 terms. jessebarlowe.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 👆.Questions Flashcards | Quizlet. Georgia Real Estate Exam Prep. Questions. Which of the following may represent an exemption from Georgia fair housing laws. Click the card to flip 👆. Angie owns a four-plex. She lives in one unit and rents out the others. Click the card to flip 👆. 1 / 47.A family purchased a $90,000 lot to build a custom home. At the date of closing, the lot was assessed at $84,550 and the tax rate was $1.91/$100 assessed valuation. When they completed the home, the assessment increased by $235,000 to include the new construction.

the term used by lenders when the maximum rate of interest allowed by law is obtainable on financing a property. it is the rate of interest specified in the promissory note. Quiz yourself with questions and answers for Real Estate Practice Exam 2, so you can be ready for test day.Real Estate licensees should know enough about building ordinances to be able to. Alert clients of potential problems in a home. 160 County Drive has 4 acres of open pasture and a 1,900 square foot home. The home has 2 bedrooms and 4 bathrooms. Call 555-555-5555 now for information!Use our free Real Estate practice exams to get your real estate license. Actual questions and answers with no registration. Updated for 2024!The Real Estate Recovery Fund will never pay for: Legal fees or punitive damages. A broker listed a house at $300,000 and sold the home at 95% of the asking price. The listing broker paid out 45% of the total 6% fee to the selling broker, who paid the selling associate 60% of the amount that came to the office.Study with Quizlet and memorize flashcards containing terms like MOST closed real estate transactions should be reported to the IRS. REQUIRED information includes seller name(s) and social security number(s) and, An owner hired a construction company to build a swimming pool at a new home. The owner failed to pay the bill once the work was completed and the construction company filed a lien to ...A personal right to use the land of another. A buyer who signs a real estate contract is immediately regarded as the equitable owner of the real property, while the seller has an equitable interest in the purchase price. Power of a …

68 Multiple choice questions. Definition. -The office must consist of at least one enclosed room in a building stationary construction where negotiations and the closing of the real estate with privacy. -A principle office is registration is transferrable to a new location for the remainder of the current registration period.

Study with Quizlet and memorize flashcards containing terms like Owners that buy income properties as investments and depend on professionals to manage them, a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal, A contractor is employed by an owner of land to build on that land to the owner's specifications and more.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 ...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 ...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.67 Multiple choice questions. Term. What is the maximum fine amount that the Department of Commerce may issue? $5,000 on civil fines per transaction. $10,000 on civil fines per transaction. $9,990 on civil fines per transaction. 0.33 or $3.30 per $1,000. - d33d. 1 of 67.Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The three partners own the property with the right of survivorship should one or more of them die. The remaining partners are not interested ...

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Study with Quizlet and memorize flashcards containing terms like $993.75, Withdraw from the listing agreement, NOI ÷ value (or price). and more. ... Real Estate Practice Exam Principles 1. 48 terms. Janiya04213. Preview. Social studies Map Vocab. 12 terms. SIH1314. Preview. Natural Resources. Teacher 13 terms. GerberJon.

150 California real estate practice exam questions. Buyer Dan is considering buying a lot to build a single-family residence. Dan hires an appraiser to appraise the lot. Which approach to value with the appraiser choose to complete the task? Click the card to flip 👆. Market data approach or sales comparison approach. Click the card to flip 👆.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.Study with Quizlet and memorize flashcards containing terms like While fannie mae considers total housing debt to income ratios in its underwriting process, freddie mac considers, an insurance score above (a. 500, b. 660, c. 770 or d.800) should be considered a good score., carmen has a buyer client who's paid earnest money to reserve a site in a new construction development.Study with Quizlet and memorize flashcards containing terms like Geraldine runs a credit report on William, an applicant wishing to become a tenant in one of her units. Based on William's credit report, Geraldine decides to reject William's application. The Fair Credit Reporting Act states Geraldine MUST:**, Rory wants to invest some of his money. He debates between investing in commercial ...With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Real Estate MO Learn with flashcards, games, and more — for free.Study with Quizlet and memorize flashcards containing terms like How often *must* you take ... Georgia Real Estate Exam Study Guide. 363 terms. ... julianrizza. Preview. Georgia real estate exam. 76 terms. tabithamzara. Preview. GA Real Estate Practice Questions. 997 terms. epkovalov. Preview. Fin 435 final exam . Teacher 24 terms. Tunde ...A _____ is a law that defines how property in specific geographic area can be used. Zoning ordinance. What is the purpose of a real estate appraisal? Provide a professional estimate of the property's market value. _______ measures the rental rates with value of real property. Gross rent multiplier.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?

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 ...Study with Quizlet and memorize flashcards containing terms like Which of the following statements about license laws is INCORRECT?, In New York, ...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.Instagram:https://instagram. peja anne bikini Study with Quizlet and memorize flashcards containing terms like agency, Fiduciary Relationship, ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Code of Ethics. 25 terms. RISOL213. Preview. review of ch 2-16. 94 terms. digitalmarketing57. Preview. mgt chp 8. box braids for mixed hair Study with Quizlet and memorize flashcards containing terms like the real estate licensing authority in Indiana is the, Under what law are Indiana real estate broker license issued?, Which of the following is NOT a sanction taken by a regulatory board against a licensee for violating real estate law? and more. ... Indiana State Practice Exam ... 717 291 4818 Study with Quizlet and memorize flashcards containing terms like What is the maximum fine amount that the Department of Commerce may issue?, Does the commerce hear disputes between the broker and salesperson?, Who must have a real estate license in Minnesota? and more. ... Minnesota (real estate) practice STATE EXAM. 46 terms. you8013. Preview ...Study with Quizlet and memorize flashcards containing terms like A person performing real estate activities in Missouri, under the judgment or order of a court, such as a trustee in a bankruptcy, is ______. A. Not required to have a real estate license B. to have a broker license C. Required to have at least a Broker-salesperson license D. Required to have at least a salesperson license, Which ... labcorp rahway nj 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 ...320 acres. John bought a waterfront lot with a setback requirement of 50 feet from the street. The lot is only 100 feet deep and drops off sharply at the water edge. John's architect tells him that they can build the dream house on the property if the setback were 35 feet. John applies to the city for a. variance. citrus county jail records 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 ... dodger stadium drop off zone 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.A _____ is a law that defines how property in specific geographic area can be used. Zoning ordinance. What is the purpose of a real estate appraisal? Provide a professional estimate of the property's market value. _______ measures the rental rates with value of real property. Gross rent multiplier. jeep renegade wheel lock key Study with Quizlet and memorize flashcards containing terms like Non-trust funds, as long as they're not commingled with trust funds, are not bound by _____. ... Real Estate State Practice Exam. 310 terms. HannaS2Eric. Preview. CRR Week 4 Fundamental Questions "Choice of Business Entity" 11 terms. tspahn01. Preview. The Gospel of Mark. Teacher ...Study with Quizlet and memorize flashcards containing terms like Which type of report would a property manager prepare for their owner client to lay out the plan to finance long-term improvements?, Broker Jim signs a listing agreement with Seller Grace and a buyer agency agreement with Buyer Pat. Both Grace and Pat signed written disclosure statements agreeing to this arrangement. What is this ...Study with Quizlet and memorize flashcards containing terms like When a broker's license is revoked, the licenses of the salespeople in the brokerage agency are:, For a first violation of the License Act, the New Jersey Real Estate Commission may NOT, Which of the following statements is true with respect to a trust account? and more. moundsville west virginia obituaries A buyer and seller are both clients of a real estate broker. Which of the following statements is TRUE of this situation? - The real estate broker owes neither party the fiduciary duties of an agent. - The arrangement is always illegal. - The real estate broker owes the fiduciary duties of an agent only to the seller. primohoagies summerville Real estate express final exam practice: The seller and buyer have countered back and forth for several days. The two parties have verbally agreed to a price, but neither has signed anything. At this point the status of the negotiation is: Click the card to flip 👆. not a contract until the parties have signed the necessary documents.Study with Quizlet and memorize flashcards containing terms like A broker brings his seller an offer from a potential buyer if the seller asked about the buyers race, the broker:, A broker received an offer with a deposit for one of his listings. The seller excepted the offer. But before the transaction closed, the buyer and seller mutually agreed to cancel it. The buyer request the return of ... gina maravilla eye Terms in this set (63) A loan with a rate that does not change over the life of the loan. A deed to real property, which serves the same purpose as a mortgage, involving three parties instead of two. The third party holds naked title for the benefit of the lender. Beneficiary (Lender), Trustor (Borrower), Trustee (Third Party) holds the deed. bridges at north hills apartments reviews 130 of 130. Quiz yourself with questions and answers for Real Estate Finance: 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 seller is required to deliver the Homeowner's Guide to Earthquake Safety to the buyer of any one-to-four unit residential properties built prior to: A. 1952 B. 1960 C. 1960 D. 1975, When calculating the Consumer Price Index (CPI), housing expenses is one of the largest denominators because A. CPI is based upon all consumer ...Alienation. A change of ownership of real property. Voulntary Alienation. An owner transfers title to another, usually with a written document, such as a deed, will, or power of attorney. Involuntary Alienation. A transfer of ownership usually through the court as in foreclosure, bankruptcy, condemnation, escheat, adverse possession or ...