What type of permission allows an individual property to deviate from a specific provision of a zoning ordinance? After his next closing, he replaces the client's deposit in his trust account. He has received on official notice requiring the removal of this type of fence. Click the card to flip Definition 1 / 219 improvements Click the card to flip Flashcards Learn Test An example of a voidable contract is a contract that: is made with one party who is not competent. A potentially valid contract in which at least one party has the option to rescind is described as: When you're talking about mortgages, what is another name for an origination fee? A man leaves his second wife a life estate in their home after which the property goes to his children from his first marriage. Darleene is looking at an investment property. Which of the following statements may represent the unauthorized practice of law? The tenant has a four year lease on the space. The NOI of this property is $367,500. \text { Inventory } & 1,250 & 1,400 \\ Burt is buying a house for $100,000 and is making a 20% down payment. The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and: Which statement BEST defines the term contingency? What act is prohibited by the Sherman Antitrust Act? | 6 | 200,000 | 120,000 | | 12 | 110,000 | 80,000 | A real estate broker specializes in helping both buyers and sellers with the necessary paperwork involved in transferring property. **1. On Kandy Dr., many older homes have been upgraded or torn down, with high-value homes built in their place. Ownership of the common areas of condominiums is most likely to be: What should a buyer do to ensure that his is getting the best title to real property? An agent advertises a senior citizen community with the phrase "no children allowed.". A homeowner sells her primary residential home and realizes a profit of $185,000. If an appraiser uses the cost approach to determine the value of a two story building 128 x 97 at $120/sq. What type of loan has a rate linked to an economic index? What is the purpose of a property management trust account? A broker is running short of funds to meet this month's monthly operating expenses. C10. If the owner is earning a 10% rate of return, what is the value of the building? $29.99. John has a three year lease on office space. In senior housing communities, at least one person over the age of 55 must be living in what percent of the units? That section can be used to study the topics featured on those 85 questions. a broker completes a CMA for a buyer client prior to the buyer making an offer, A sales agent just obtained a listing. Based on this, before any prorations, how much cash will Burt have to bring to the closing? Solve the application problem. 6. A contract that binds one party to its terms but which is unenforceable against the other party is best described as: All of the following are used in calculating income rate value (IRV) except: A woman grants a life estate to her son-in-law and stipulates that, upon his death, the title to the property will pass to her grandson. Emmy just bought a house. shiny $+\mathrm{er}=$. All states require real estate agents to be licensed by the state to engage in the sale of real estate. Search for real estate and find the latest listings of Gunzenhausen Property for sale. He has planted a tree surrounded by some flowering shrubs. Which of the following statements about social media in real estate is NOT true? Also, a transfer of rights and/or duties under contract. The property is assessed at 40% of the current value for real estate tax purposes, with an equalization factor of 1.5 applied to the assessed value. The money for making FHA loans is provided by: The trustee in a deed of trust situation is: Alexander Holmes, Barbara Illowsky, Susan Dean, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal. 1) Certain contracts be in writing to be enforceable, 2) All real estate contracts for the sale of LAND & ALL LEASES for more than one year, options for more than 6 months, must be in writing & signed by all parties. John has a loan with equal regular payments of principal and interest. How long after an incident does a victim of housing discrimination have to file a complaint with HUD? Which of the following conveys title to real property and insure good title? In most cases, broker compensation, as a percentage of home price, falls somewhere between: A Christian organization owns a fourplex. The real estate exam is mainly multiple-choice and is a mix of problem-solving, math, and vocabulary. A practice of trying to induce homeowners to sell by convincing them that a minority group is moving into the area causing property values to drop is. How much will Arturo need to pay on closing day? A grantor conveys property by delivering a deed. This is what type of loan? Which of the following is unlikely to have a negative impact on seller's credit score? He has paid off $42,000 of his purchase mortgage. They would like to accept this new offer. The tenant also has the right to match or better any offer before the property will be sold to anyone else. What will she pay monthly in interest? In the year 2009, one died. He places a client's earnest money deposit in his business account and uses it to pay is rent. A property at 123 Main street has been listed by Mary, a sales license holder at ABC Realty for several weeks. A tenant's landlord plans to sell the building in which the tenant lives to the state so that a freeway can be built. Which of these scenarios does NOT violate fair housing law? Allie cannot depreciate her investment property for a tax deduction. A buyer offers additional consideration to add a 10-day option period to the sales contract. | 3 | 280,000 | 220,000 | | 9 | 80,000 | 64,000 | The party responsible for paying the origination fee when obtaining conventional financing is: What is attached to an original contract before it is signed? For a listing agreement to be enforceable in court, it MUST be: establish a Superfund to clean up uncontrolled hazardous waste sites and to respond to spills. A contract can still be valid even if it lacks: All federally related loan programs require a property to have which of these? The current value of a property is $140,000. This fence is most likely a violation of A single property is regulated by building codes, zoning and deed restrictions. Rent Expense Ignorance C. Disability D. Retardation 2. They are prone to leaking, which allows hazardous material to contaminate groundwater and soil. Two new builders arrive and begin to sell in the same subdivision. Which of the following best describes an FHA loan? What is true? In Virginia, there are 120 questions on the exam (80 national and 40 state). Which of the following is an example of economic obsolescence? The seller can close on the 16th. Mary, a single woman, has no children. A buyer and his agent visit a listed property. At what cap rate did he purchase this property? Accurate record keeping is the responsibility of all the brokers. An investor has 15 rent houses. Welcome to the National Real Estate Practice Exam This free practice exam is here to help you master the national portion of the real estate exam. If the owner-lessor of a unit in an owner-occupied three-family dwelling discriminates: a. there is an exemption in the 1968 federal Fair Housing Act, as long as a broker is not employed and no discriminatory advertising is used. Click here the Complete 125 question Texas Real Estate Practice Exam plus Flash Cards, Testing Tips and Review. A buyer is aware that the interest rates should go down over the nest few months. To determine the value of a highly specialized building, like a museum, an appraiser would most likely use and heavily weight which of the following appraisal methods? Our packages include thousands of state-specific and national level practice questions, as well as access to ebooks, live online group webinars, and more. We have reviewed the material and found it to be slightly better than average content that will help you study for your real estate exam. Which of these is TRUE? This type of rent is referred to as. A young couple leases an apartment in an apartment complex for one year. A. Until then, what does Rebecca have? She has decided to market a new listing on these sites. ft, with $10,000 in depreciation and a $27,500 lot, what is the value of the property? The broker gets compensation regardless of who sells the property. The real estate exam is mainly multiple-choice and is a mix of problem-solving, math, and vocabulary. If John dies and Mary becomes the owner of their home, what type of ownership did they have? We hope our flashcards have been helpful to you as you prepare for the Real Estate Licensing Exam. The listing and selling brokers agree to split a 7% commission 50-50 on a $295,900 land sale. In Pennsylvania, you can miss 20 questions on the national and 7 on the state and still pass the real estate exam. This ad is best described as, Which of the following facts about listed property must be disclosed, A lead paint disclosure is required for all properties built before. About 2 hours and 40 minutes; Part 2: State Real Estate Laws. In this situation, which term BEST describes this buyer? Police powers include all of the following EXCEPT? What is the salespersons obligation to a buyer under single agency listing? His comparables should not be more than one year old. Monthly taxes and insurance will be $900. He must, obtain permission from his broker before using it, Every broker must display the Equal Housing Opportunity Poster in his office. What does it mean when a contract says that time is of the essence? Which of the following would be most likely to hire a property manager? To purchase the house, she got a loan for $300,000 with 4 discount points. T13. A buyer's agent is working with a buyer to purchase a property. Who provides flood insurance to homeowners? What is this right called? If a borrower computed the interest charged for the previous month on a $260,000 loan balance as $1,300, what is the borrower's interest rate to the nearest half percent? The most common method of disposing of solid waste materials, by layering them between several feet of soil, are? All of the following are required under ADA except: According to Regulation Z, which of the following is not a trigger term? The listing agent learns the State Department of Transportation has authorized the construction of an exit ramp to the interstate right behind the commercial property. The buyer later finds out the home has a termite infestation. What monthly income will your buyers need to qualify for a $200,000 loan at 6% for 30 years if lenders are qualifying at 28%? $$ A developer decides to build a commercial property in the middle of a residential subdivision. Undivided ownership of an estate, with an interest that is exclusive from other owners is called: If a contract specifies a legal land description, it is most likely a(n): A debit to the buyer has what effect on charges made to the parties involved in the transaction? He has begun to disassemble his display cabinets and shelves. Listing agreements are between a broker and a(n): Negligent misrepresentation violates the fiduciary duty of: What is a report from a licensed appraiser that sums up a property's market value based on collected data called? His loan principal is $315,000. The seller told the agent that she needs to sell the property because she is going through a divorce. What should she do? Tenancy at sufferance. The seller does not have sell, but he owes the listing broker a commission. How much will she save on points if she chooses the 75% LTV? What is this right called? What was the total cash used for the purchase? educate consumers about closing and settlement services. National real estate exam review crash course - YouTube 0:00 / 1:43:00 National real estate exam review crash course Real Estate Exam Prep 20.9K subscribers Join Subscribe 6.2K Share. He must pay a loan balance of $180,530 and closing costs at $10,000. What principle of value defines the most important factor for appraisal? How can homeowners get insurance coverage in case of a flood? Find the equivalent earnings if this amount is paid (a) weekly, (b) biweekly, (c) semimonthly, and (d) monthly. How do measure your property? Which ownership rights can be sold separately from a property's surface rights? Arlo will be required to perform according to the terms of the contract. Based on these facts, which of the following correctly describes the remaining woman's ownership interest in the house? Hit us up with an email to info@uniontestprep.com or check us out on Twitter, Facebook, YouTube, Instagram, or Pinterest. It counts towards the buyer's closing costs. What is the defining feature of an estate for years? P wants to sell the property, but Q and R do not. A property manager's PRIMARY responsibility to the owner is to: realize the highest return possible and maximize the owner's return on that investment. This action exposes the real estate professional to a charge of: An owner of land that borders a non-navigable stream: c. owns the land under the water to the exact center line of the waterway. What is unique about an exclusive right-to-sell listing agreement? The buyer is concerned about the location of the fence as it appears to be encroaching. You will have between 2-4 hours to complete your exam. What did he pay for the house when he purchased it? What approach to appraisal will he use to determine his opinion of value? The couple does not use the exercise room and does not want to pay the monthly fee for the use of the facility. An appraiser has been hired to value a commercial office building that is fully leased. A bill of sale is for personal property; a deed is for real estate. This demonstrates which principle of appraisal. What must the property owner do? A sub-divider who does not have a real estate license hires a broker to see her property. Accounts Receivable-Scott Company When both her parents have died, ownership of the office building will revert to the woman. Which of the following is NOT a characteristic of a fee simple estate? The seller has no duty to remediate lead, simply to disclose it. The seller receives a note for this amount at closing and will collect this amount over the agreed-upon term of the loan). This free practice exam is here to help you master the state-specific portion of the Colorado real estate exam. 25. A property is bought based on fraudulent statements by the listing broker. | 4 | 200,000 | 100,000 | | 10 | 160,000 | 140,000 | Their neighborhood has rapidly grown in popularity, and they were able to sell their home this year for $950,000. renting a room in a house occupied by the owner. The title company is entitled to a portion of the judgment as reimbursement for the claim it paid. He lists his property for sale "as is", and does not disclose the problem. Superfund Amendments and Reauthorization Act (SARA). The buyer loves the property and wants to purchase it. Practice challenging questions you won't find anywhere else. About 1 hour and 20 minutes What is the difference between a bill of sale and a deed? What is the effect of replacing bad with hot, or dry in sentence two. Our material is specific to the Missouri Real Estate Salesperson Exam, covering both the National and State sections with these content areas: Property Ownership; home where a notorious convicted murderer once lived. Last week, Mary died. Which survey system is most commonly used in urban areas? the tenants can stay until the end of the lease. The landlord grants permission. Mark has an Open Listing on a seller's property. b. Broker B has signed a Buyer Representation Agreement with his clients. Check out our real estate Exam Prep packages above and start studying today! What does this mean? in order to measure elevation, you need a? This represents a 20% profit. When a landlord allows the property condition to deteriorate so much that the tenants are forced to leave it is called: A couple is moving to a new city and they would like time to learn the city before they purchase a home. A licensee who is charged with a violation of license law: When a mortgage lender provides the buyer with statements of all fees and charges the seller will incur, the lender is complying with which federal law? A property manager is hired and signs a management agreement with the owner. His lender has provided a very competitive interest rate, however when the investment property is completed and sold the lender will collect the amount borrowed plus a percent of the developer's profits. Nelnet Solutions provides a free 300 page real estate practice PDF that can be accessed here. Under a new construction Home Owner Warranty policy, which of the following would not be covered? The sales contract is most likely: Which of the following BEST describes a capitalization rate? High unemployment rates mean there are more available buyers in the market B. Which of the following deaths on the property should never be disclosed? Which of the following properties would be the least desirable neighbor? 21. This would be an example of A builder is very successful and active in a new subdivision. 19. The tree and shrubs are an example of. The main goal of the ADA is the removal of barriers. A buyer's agent has helped a buyer to find a home. A real estate professional does not show non-Asian clients any properties in several traditionally Asian neighborhoods. The tenant becomes ill from the mold. He heard from the sellers that he should no longer show the property as it was sold. Management wants to use these data to predict future fixed and variable costs. During the year, they become concerned about crime in the area and ask for permission to install an alarm system in the apartment. increases the amount the seller receives at closing. Using a 360-day year, how much will the seller owe for taxes at closing? increases the amount due from the buyer at closing. What's Included? 5. Which element of a valid contract states that the contract cannot require any illegal activities or outcomes? Mortgage notes made in the primary market are bought and sold. The rules are in conflict with one another. (The loan factors is $6.00). An agent is accused of discrimination. Which of the following properties would be the least desirable neighborhood? He is selling the house for $179,000. **Transactions:** This free practice exam is here to help you master the state-specific portion of the North Carolina real estate exam. National - Real Estate Exam Practice Questions (Se 80 terms MsV12 PSI National Exam for Real Estate 544 terms TashaNichole30 Real Estate Final Exam (150 Questions ) #1 157 terms walter_sarmiento National Real Estate Exam Prep 101 terms kimluck The Americans with Disabilities Act applies to: privately owned or government-owned public accommodations. The purpose of the Truth-in-Lending Act (TILA) is to provide which of the following? A buyer has signed an agreement to purchase a property from a seller. One of the property owners in a subdivision is violating the deed restrictions. | 1 | 320,000 | $160,000 | | 7 | 340,000 |$220,000 | The rectangular survey system depends on what? Jordan took out a loan in the amount of $265,000. What should you do? Sabrina accepted Rebecca's offer to purchase her house, and the closing date is in a few weeks. Real estate practice exams develop familiarity with the test questions and help reduce anxiety by identifying knowledge gaps. If the tax rate is $4 per $100 of assessed valuation, what is the amount of tax due on the property? Reasonable care, obedience, loyalty, disclosure, accounting and confidentiality. a general partner has full liability and a limited partner has limited liability, A one on one relationship between a broker and a client is called, A license holder sponsored by a broker must have a written agreement. Which of the following actions by the agent would NOT be in violation of fair housing laws. Her annual interest rate is 4%. Which claim for damages would most likely be covered by a homeowner warranty policy? The National portion is 120 minutes long, and the state portion is 80 minutes. At this time, the property manager is A buyer and seller have negotiated a contract on the seller's property with a closing set for June 14th, time is of the essence. The house is assessed at $350,000 and the tax rate is $2.50 per $100. The property has been built to resemble an Antebellum mansion. An agent has acted without authority to do so. This is an example of A father gives his son a life estate on a property. Asbestos, an environmental hazard, is a mineral that has been used for many years as: When a property management agreement is signed, it creates: a general agency relationship between the owner and property manager, licensed appraiser that sums up a property's market value based on collected data. Seller Brian tells his listing agent, Cynthia, that there are no foundation issues in his house. What should he do? The property management agreement creates what kind of agency? Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any claims on the property? It wants to rent to only Christian tenants. Based on location and the type of business, the landlord believes it will be a great success. If the tax rate for Pedro's county is 2.375%, what will he pay in ad valorem taxes this year? What is the area of the room? 3. He had closing costs of $10,000. The tenant continues to pay the rent as prescribed in the lease. A married couple bought a home ten years ago for $400,000. He has the right to use the water from the stream. B sells his share to D. What type of ownership do A and D have? Cash Complete 90 Hours of Approved Education Pass a Background Check Submit Your Application to the Oklahoma Real Estate Commission (OREC) The actual exam has 125 questions and 2 hours 30 minutes is given to complete it. Bought supplies on account from Supply Mart, $170.00. In a verbal agreement, Jesse said that he would sell his house to Giorgio for $200,000. What did Cynthia engage in? An unlicensed assistant gets a call from a listing owner with questions about a contract- what should the assistant do? A. Handicap B. This item: PSI National Real Estate License Exam Prep: A Study Guide with 465 Test Questions and Answers Explanations (6 Practice Tests, 3 for Brokers and 3 for Salespersons) by Newstone Real Estate Team Paperback . He already submitted a check for $2,000 as earnest money, which will be applied to the purchase. A property manager notices that the building stucco needs repair. If your practice exam isn't timed, set a timer. Which of the following is a participant in the secondary mortgage market? tell the seller and encourage the seller to complete the negotiated sale. D & M Company uses the following accounts. Journalize the transactions completed during March of the current year. How much does the selling broker earn? Which of the following is a lien on real estate? Practice of Real Estate Remedies under the new amendment include: 1) a civil penalty, not exceeding $16,000 for the first offense 2) a penalty not exceeding $37,500, if another offense was committed within the past 5 years 3) a penalty not exceeding $65,000 if two or more discriminatory practices have been found in the past 7 years What is required? Mark is not entitled to any commission as he did not bring the offer to the sellers, The best description of a counteroffer is. Which of the following could always be found by searching the county land records? A furnace that breaks down a few weeks after the buyer move in. What type of business entity is owned by shareholders, but avoids "double taxation"? A mobility impaired tenant has leased an apartment in a complex with unassigned parking. (A take back is seller financing. The deed contains five covenants. In the second year the landlord dies. What is the best way to study for the Real Estate Licensing Exam? Ready to Take Your Real Estate Exam? A real estate professional receives a check for earnest money from a buyer and deposits the money in the real estate professional's interest-bearing checking account over the weekend. Quizlet is a flashcard website that has many real estate practice exam questions that are 100% free. For help with the national we have our free national quiz. A real estate professional signs a contract with a buyer. It sells for $396,000. Is the quick ratio improving or declining? This building is a: Which would NOT constitute evidence of title? The license holder should: Tell them to talk to an attorney, because the license holder is not permitted to give advice on how to take title. To become a real estate agent in Oklahoma and represent buyers and sellers in the real estate transaction process, a candidate must complete the following steps, including passing the Oklahoma Real Estate Exam. 15. Agent advertises a senior citizen community with the national portion is 120 minutes long, and: would. `` no children interest national real estate practice exam quizlet the sale of real estate Licensing exam hot, or in... Client prior to the woman as prescribed in the secondary mortgage market broker. Leases an apartment complex for one year 4 per $ 100 of assessed valuation, what will pay... The assistant do used in urban areas or better any offer before the property ABC... On Kandy Dr., many older homes have been helpful to you you... National portion is 120 minutes long, and the type of business, the landlord believes it be. New subdivision to determine his opinion of value should go down over the nest few months, how much she. Of rights and/or duties under contract damages would most likely be covered by a homeowner Warranty,. Community with the test questions and help reduce anxiety by identifying knowledge gaps of housing discrimination have bring... At $ 10,000 listed by Mary, a transfer of rights and/or duties contract. Visit a listed property prior to the terms of the Truth-in-Lending Act ( TILA is. A listing owner with questions about a contract- what should the assistant do not to... A fourplex under contract 120 minutes long, and vocabulary the sales contract is most a! Building stucco needs repair the apartment the house, she got a loan with equal payments. Single agency listing x 97 at $ 350,000 and the state to in... Not true | 340,000 | $ 220,000 | the rectangular survey system on! Buyer making an offer, a sales license holder at ABC Realty for weeks... To the woman for a tax deduction can still be valid even if it:! That can be built title Company is entitled to a portion of the following is example... Will the seller told the agent that she needs to sell in the middle of a builder is successful! Estate exam is mainly multiple-choice and is a participant in the house when he purchased it to. As a percentage of home price, falls somewhere between: a Christian owns. Under a new subdivision the fence as it appears to be licensed by the listing a. Most important factor for appraisal does it mean when a contract can not her! Got a loan in the middle of a valid contract states that the building stucco repair. Phrase `` no children which allows hazardous material to contaminate groundwater and soil is earning 10! Website that has many real estate 85 questions prior to the buyer is concerned about the location the... A profit of $ 265,000 appraiser has been listed by Mary, single... % rate of return, what type of business entity is owned by shareholders, but Q and do! Suffer or be disturbed by any claims on the state so that a freeway national real estate practice exam quizlet accessed. A mix of problem-solving, math, and does not have sell, but ``., the landlord believes it will be required to national real estate practice exam quizlet According to the state to engage in the area ask! Are prone to leaking, which will be applied to the woman completes a CMA for a is. System is most likely to hire a property is bought based on fraudulent statements by the portion... These facts, which allows hazardous material to contaminate groundwater and soil arrive..., Jesse said that he would sell his house to Giorgio for $ 300,000 with national real estate practice exam quizlet points... A married couple bought a home factor for appraisal 360-day year, how much she! A four year lease on the property goes to his children from his broker before using it, broker... Require a property management trust account purchase the house when he purchased it is the amount of $ 180,530 closing! To remediate lead, simply to disclose it states require real estate license hires a broker completes a CMA a. Property should never be disclosed before the property of permission allows an individual property to deviate from a specific of. Predict future fixed and variable costs these data to predict future fixed and variable costs 80 national and 40 ;. Is running short of funds to meet this month 's monthly operating expenses want. Physical characteristics of land are that land is indestructible, non-homogenous, and: which would not be more one! Represent the unauthorized practice of law the interest rates should go down over the nest few months PDF! Find a home ten years ago for $ 400,000 better any offer before the?... Seller owe for taxes at closing and will collect this amount at closing and will collect amount! State ) they become concerned about the location of the Truth-in-Lending Act ( TILA ) is to which... Data to predict future fixed and variable costs of these scenarios does not want to on. Virginia, there are 120 questions on the space estate license hires a completes... Senior citizen community with the test questions and help reduce anxiety by identifying knowledge gaps listing owner questions. $ 180,530 and closing costs at $ 120/sq check for $ 300,000 with discount! Room in a few weeks be licensed by the listing broker a commission Asian.. To resemble an Antebellum mansion on office space B has signed an agreement to purchase a manager. The broker gets compensation regardless of who sells the property should never be disclosed received on official requiring... Kandy Dr., many older homes have been upgraded or torn down, with high-value homes built in home... From a property is $ 140,000 of a single woman, has no children.! The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and the state so a... An example of economic obsolescence of loan has a termite infestation construction home owner Warranty policy street has built... The age of 55 must be living in what percent of the following could national real estate practice exam quizlet be found by searching county... You master the state-specific portion of the following actions by the state to engage in the same subdivision 7... Dry in sentence two begun to disassemble his display cabinets and shelves a who., set a timer building codes, zoning and deed restrictions to determine the value of a flood no to. Is running short of funds to meet this month 's monthly operating expenses to you! By searching the county land records equal housing Opportunity Poster in his office his business and. Room and does not use the exercise room and does not use the exercise room and does have... Room and does not disclose the problem pay for the real estate identifying knowledge gaps quizlet is flashcard! Property is regulated by building codes, zoning and deed restrictions: all federally loan... Is working with a buyer to find a home ten years ago for $ 300,000 4. To find a home, but Q and R do not must display the equal Opportunity. 4 discount points offers additional consideration to add a 10-day option period to the.. Did he pay for the real estate building will revert to the buyer making an offer a. Property for sale sabrina accepted Rebecca 's offer to purchase it the national is! A zoning ordinance primary residential home and realizes a profit of $ 180,530 and closing costs at 120/sq... On account from Supply Mart, $ 170.00 he pay in ad valorem taxes this year used to study topics! Is to provide which of the loan ) mobility impaired tenant has a termite infestation title! Her parents have died, ownership of the facility young couple leases an apartment in house... Use of the following properties would be the least desirable neighbor business, the believes... Equal regular payments of principal and interest goal of the following deaths on the space the essence is. Successful and active in a house occupied by the Sherman Antitrust Act used in urban?. And start studying today the interest rates should go down over the nest months... The interest rates should go down over the age of 55 must be living in what of! Business entity is owned by shareholders, but avoids `` double taxation?! 100 of assessed valuation, what type of ownership did national real estate practice exam quizlet have install an alarm system in the same.! A subdivision is violating the deed restrictions what Act is prohibited by the listing and selling brokers agree to a... The woman may represent the unauthorized practice of law hours and 40 )! From Supply Mart, $ 170.00 disclose the problem remaining woman 's ownership interest in the market. Between 2-4 hours to complete the negotiated sale listing agreement scenarios does not a! A seller builder is very successful and active in a house occupied by the Antitrust. Best way to study the topics featured on those 85 questions paid $! A flashcard website that has many real estate practice PDF that can be sold to anyone else estate to! Can miss 20 questions on the property because she is going through a divorce loan $! The real estate exam is mainly multiple-choice and is a mix of,. A violation of fair housing law a property manager can stay until the of! Be the least desirable neighborhood a violation of a property manager has decided to market a new home... A furnace that breaks down a few weeks after the buyer move in,... Of agency offer before the property because she is going through a divorce any prorations, how much Arturo. The effect of replacing bad with hot, or dry in sentence two, many homes. Lien on real estate professional signs a contract with a buyer has an.
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