Quizlet real estate practice exam

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.

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.What's the purpose of the Agency Disclosure Statement used in Kentucky residential transactions? To confirm the role of the agent and obtain consent from the client. Practice questions for state real estate exam Learn with flashcards, games, and more — for free.When a homeowner is delinquent on property taxes, the first step taken by government in correcting the late payment is the: delinquent tax payer names are published in the local paper. Real Estate Practice Exam. A property is located next to a busy freeway; semi-trucks use the freeway all night long. After two years on the market, the seller ...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?Use our free Real Estate practice exams to get your real estate license. Actual questions and answers with no registration. Updated for 2024!

Assumption clause. if loan is assumed new buyers obligated to pay off loan. straight assumption. new buyer responsible, can not impact seller's credit score. subject to assumption. buyer not liable for loan can impact seller's credit score. State Exam Prep Material Learn with flashcards, games, and more — for free.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 ...Does not need to be included in a lease agreement. 20 of 20. Quiz yourself with questions and answers for Real Estate Exam Prep (Champions; Texas), 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.a tying arrangement. a market division. Don't know? 98 of 98. 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.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.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.80 of 80. Quiz yourself with questions and answers for National - Real Estate Exam Practice Questions (Set One), 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.

which type of estate in real property is held for a definite number of years. a) fee simple estate. b) life estate. c) estate for years. d) estate by the entireties. c. in the government survey system of legal descriptions, a township measures. a) 6 square miles. b) 6 miles square. KY Real Estate Law - PSI Practice Exam. An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or the time when circumstances would reasonably have put the aggrieved party on notice of the cause of action? 2 Years.In this article, we’ve partnered with RealEstateU to provide a free real estate practice exam, recommendations for taking your exam prep to the next level, and sever …Study with Quizlet and memorize flashcards containing terms like hometown Bank and trust refuses to lend money to homeowners trying to purchase property in ...

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Study with Quizlet and memorize flashcards containing terms like , Which of the following professionals involved in the real estate business are most concerned about managing real estate for clients, Real estate can be defined as and more. ... Real Estate Practice Exam. Share. Flashcards;When a homeowner is delinquent on property taxes, the first step taken by government in correcting the late payment is the: delinquent tax payer names are published in the local paper. Real Estate Practice Exam. A property is located next to a busy freeway; semi-trucks use the freeway all night long. After two years on the market, the seller ...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.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 ...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.

49 of 49. Quiz yourself with questions and answers for Texas 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 Three, The REALTOR® Code of Ethics, Real estate counselor and more. ... 30 hr WA Real Estate Practice exam. 297 terms. sam_savage9. Preview. English Vocab 1A & 1B. 20 terms. sydneyhicks1156. Preview. Mens health- pharm test 3. 16 terms. gracie_chinn. Preview. WA State exam.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 ...securing tenants of a particular ethnic origin in accordance with the owners wishes. that she discloses her status as a real estate salesperson in the listing. recoding fees and title insurance premiums. Term. Quiz yourself with questions and answers for Real Estate Practice Exam 1, so you can be ready for test day. Study with Quizlet and memorize flashcards containing terms like 1. A real estate sales agent may be employed by: (Page 2), 2. As a prerequisite to an agent's use of an income and expense data worksheet, the agent asks a prospective broker: (Page 15), 3. A ____ occurs when a broker or their agent has a professional or personal bias which hinders their ability to fulfill the fiduciary duties ... 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 years10. An agency relationship created by an oral or written agreement between principal and agent is a (n) 11. Martin signs an exclusive-right-to-sell listing agreement for six months with Broker Gerald. Within one month, Martin sells his house himself and refuses to pay a commission to Gerald.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 ...Final exam practice Ky 96 hour salesperson pre-license #2. 30 terms. mckenzie_kempf3. Preview. Real Estate Flashcards. 100 terms. ledfordll2. Preview. Jessup PIL Questions.

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.

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.which type of estate in real property is held for a definite number of years. a) fee simple estate. b) life estate. c) estate for years. d) estate by the entireties. c. in the government survey system of legal descriptions, a township measures. a) 6 square miles. b) 6 miles square.Study with Quizlet and memorize flashcards containing terms like Regarding documentation, which of the following actions can help a licensee avoid being accused of unauthorized practice of law? Disclosing in writing to all parties in a transaction that the licensee isn't a licensed attorney, so there's no licensee liability Having a designated broker review and notarize all completed contracts ...The appraised value is $86,500 and 80% of that amount is $69,200. This would be the maximum the purchaser would be permitted to borrow. A property is appraised at $150,000 and assessed for tax purposes at 35% of value. Calculate the semi-annual tax bill if the mills total is 80. CORRECT ANSWER: $2,100.95 of 95. Quiz yourself with questions and answers for Real Estate Exam Prep 1, 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.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.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.Study with Quizlet and memorize flashcards containing terms like Real property can be converted to personal property by:, Legal descriptions using the government survey system are NOT generally used in:, Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many ...

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20 of 20. Quiz yourself with questions and answers for Real Estate Exam Prep - Transfer of Property, 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. 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 1. which of the following ways of specialization is common in the real estate brokerage business A) by background of client B) by type of property C) by years of experience in the business D) by type of mortgage financing required, 2. which of the following is included in the legal concept of land A) A corn crop B) a lake C) a ...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 ...1200 Commerce Street. The required entrance sign for a real estate office must include the broker's name, the trade name, if any, and the term "Broker" all in letters no less than one inch in height. The address is not a requirement for the entrance sign. 174-1-13 Office Signs.Study with Quizlet and memorize flashcards containing terms like In the sale of property, there is often confusion over whether an item is a fixture or personal property. ... Real Estate National PSI practice exam 2. 80 terms. raborngunnar. Preview. PSI Practice Exam-Examples. 72 terms. blythecooper. Preview. Community Property. 75 terms ...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.Annual eye exams are crucial for protecting your vision. If you don't have insurance, there is some good news. You have lots of options for professional eye care, and many of these...Study with Quizlet and memorize flashcards containing terms like Residential property, Choosing the right broker and real estate knowledge, Payment is made only when and if the job is fully completed. and more. ... Real Estate Practice, Edition 9, Chapter 2 Quiz. 10 terms. lesliex0284. Preview. Real estate U chapter 2. 33 terms. jaydove.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. ….

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.Florida Real Estate Commission, Fl Administrative Code (F.A.C.) total of $1 million is the limit for fund at any one time. Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewed. Fines imposed by FREC and collected by DBPR. Collection stops when limit is reached and restarts when amount drops below $500k.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.Study with Quizlet and memorize flashcards containing terms like credit to the seller, Marketable, Void and more. ... Real Estate Michigan Exam Prep. 100 terms. asantealexander99. Preview. Contracts Cases. 39 terms. momercer4. Preview. Vocab lesson 6 . 10 terms. ptreadway3. Preview. HSCI 3200 Exam 2. 25 terms. Keyeruh.Study with Quizlet and memorize flashcards containing terms like If a 17 year old signs a contract is the contract:, A property owner advertises property available for lease with a swimming pool. ... Real Estate Broker Practice Exam #8 - practice test. 47 terms. bethany_lopez466. Preview. RA pg 21&22. 23 terms. baileykearns217. Preview ...Public records indicates the home is 2,400 square feet, has 3 bedrooms, 2 bathrooms, a 90% finished basement and a two car garage. Last year's taxes were $1,832 and have been paid. An offer was made and accepted with a sales price of $190,000. The buyers submitted earnest money of $3,000 under liquidated damages.Take the property value ($35000) multiplied by the percentage taxed (40%) for the percent for the assessed value ($14,000) and then multiply that number by the mill levy (0.83) for the total of annual taxes which will be $1162. Buyer Mike is applying for FHA mortgage on a house priced at $108,000. The maximum loan to value ratio is 97.75.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 ...35 Multiple choice questions. Term. To qualify for a real estate salesman license in Alabama, a person must: notify the commission and return the salesperson's license to the commission. complete 15 hours of C.E. courses each year. have been actively licensed for 24 out of the last 36 months in Alabama. 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]