Quizlet real estate practice exam.

The #1 Rated Free Michigan Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff.99 of 99. Quiz yourself with questions and answers for real estate practice exam 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.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.8 feet x 9 feet x 12 feet= $864/2= 432 cubic ft x $1.82= $786.24. On Monday, a seller offers to sell his residence to a buyer for $152,000. on Tuesday the buyer counteroffers to buy the property for $150,500. On Friday, the buyer withdraws his counteroffer and accepts the seller's original price of $152,000.

Study with Quizlet and memorize flashcards containing terms like When an appraiser is looking at the quality of interior finishes, the appraiser will evaluate all of the following EXCEPT a. conuntertops b. walls c. HVAC d. Presence or absence of molding, The city buys a block of condemned houses, razes them, and establishes a park. In order to create the park, the city required a ...Meet the requirements for a new license, including all pre-license education and passing the exam. Three weeks before N begins his real estate pre-license class, he offers to help his neighbor sell her house. The neighbor agrees to pay N a 5% commission. An offer is accepted while N is taking the class and closes the day after N passes the exam ...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.

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.

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.Texas Real Estate Principles 1 (Practice Exam) 48 terms. nicoleemramirezz. Preview. texas real estate practice exam. 100 terms. amanda_williams222. Preview. 3-1🌸.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. She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must pass the licensing exam with a minimum score of 80%. She must provide her licensing history to the commission within 120 days before the commission issues the license. 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.

That said, there are three basic steps that most states follow. These include: 1. Signing up for a real estate prelicensing course (see our top picks here) 2. Taking your state's pre-licensing exam. 3. Activating your real estate license! How to Get Your Real Estate License in Your State.

2024 Edition. 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 …

20 of 20. Quiz yourself with questions and answers for Florida 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.Real estate practice exam 3. 1) licensee A has out-of-town relatives come to visit and he shows them several listings. He ends up helping them rent a property with an option to purchase. He should make a disclosure to. (A) the listing broker. (B) the listing agent. (C) the seller. (D) all the above and his relatives.12. What is not a prorated cost? a. Unpaid utility bills b. Principal amount of a new mortgage c. Prepaid insuranceState Exam Prep Material Learn with flashcards, games, and more — for free. ... Texas Real Estate Exam Main Set . 178 terms. TsuOnyi_ Preview. Texas Real Estate Exam (State) 32 terms. madelineesmithh. Preview. Anani Unit 1. 7 terms. JAHORNER. ... Quizlet for Schools; Language Country. United States; Canada ...44 of 44. Quiz yourself with questions and answers for Oklahoma 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 Broker, Broker-Salesperson, Bureau of Subdivided Land Sales Control and more. ... PSI NJ Real Estate Exam, PSI Practice Test. 136 terms. cynthiaarellano77. Preview. NJ REAL ESTATE PRACTICE EXAM 2021. 95 terms. anahidsaadati. Preview. Econ: Chapter 1 Section 1-2-3. 12 terms.

79 of 79. Quiz yourself with questions and answers for Real Estate Practice Exam 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.Study with Quizlet and memorize flashcards containing terms like A licensee who has passed the broker's state examination, but desires to continue to operate under an owner-employer, will be a what under the law?, If a home owner was hoping to purchase a second home, but did not have plans to sell their primary residence necessarily, which of the following financing options would work best ...79 of 79. Quiz yourself with questions and answers for Real Estate Practice Exam 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.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 ...Study with Quizlet and memorize flashcards containing terms like Who must be licensed?, Real Estate Commission, Classes of licenses and more. ... NJ REAL ESTATE PRACTICE EXAM 2021. 95 terms. anahidsaadati. Preview. American Law exam 3. 52 terms. eshortyyy. Preview. NJ Real Estate Exam. 300 terms. mike_leone52. Preview. Pharmacy. 15 terms.Study with Quizlet and memorize flashcards containing terms like Which of the following is the best example of external obsolescence:, The city has decided to pave the street in front of your house. The cost of paving is $25 per running foot. The city agrees to pay 30 percent of the cost of paving. foot. The remaining costs are to be apportioned between the owners on both sides of the street ...

She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must pass the licensing exam with a minimum score of 80%. She must provide her licensing history to the commission within 120 days before the commission issues the license.

Study with Quizlet and memorize flashcards containing terms like A competitive market analysis is MOST often used for, A couple owns an older home in a neighborhood that is becoming a commercial area. Because of the change in the use of the land, the couple can expect the value of their parcel to increase at some future time. This is an example of the principle of, A commercial property lost ...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 ...Study with Quizlet and memorize flashcards containing terms like At least that goes month to month is known as, Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month, Typically a listing broker is usually considered to be? and more.Prescription. Implied grant. Necessity. 20 of 20. Quiz yourself with questions and answers for Texas Real Estate Exam Practice, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material. 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 ... b) Legal life estate. c) Fee simple defeasible estate. d) Tenancy by the entirety's. a) conventional life estate. One difference between a cooperative estate and a condominium estate is that: a) a condominium owner owns a unit of air space whereas the co-op owner owns a proprietary lease. b) A condominium sale adversely affects other unit owners.Study with Quizlet and memorize flashcards containing terms like Easement by prescription, Easement by necessity, Rescission and more. ... GA REAL ESTATE EXAM PREP / HARD. 102 terms. Moondoggy5700. Preview. Georgia Real Estate Exam Study Guide. 363 terms. Jessbaker224. Preview. Chapter 33: Juvenile Offenders (33.1-33.6) 132 terms.Study with Quizlet and memorize flashcards containing terms like Real Estate Brokerage, Real Estate Broker, Real Estate Salesperson and more. ... Real Estate Practice Exam. 180 terms. Morgan_colver6. Preview. Micro (Basic Economics) 18 terms. mxg4sdxp7f. Preview. pop dynamics. 10 terms. Ainsley_Abel1. Preview. Real Estate Practice #2. 132 terms.The purpose of requiring an earnest money deposit in a real estate sales contract is to. provide evidence of the buyer's intention to carry out the contract. A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2%. or for 30 years at 6 1/2%.

Pennsylvania Real Estate Exam - Practice Questions. Get a hint. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks.

20 Multiple choice questions. Term. An appraiser's definition of "Value" would be: present worth of all rights to future benefits arising out of ownership. the ability of one commodity to command other commodities in exchange. relationship between the thing desired and the potential purchaser. all of the above.

20 of 20. Quiz yourself with questions and answers for TN 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 Common Law, Equitable Law, Statue Law and more. ... Real Estate exam prep UBC. 191 terms. karan505. Preview. Real Estate BC. 657 terms. kellypro137. Preview. MSE402 - Tendering. 21 terms. John_Alexander205. Preview. Business Law Module 2. 5 terms. cfidelack4.Study with Quizlet and memorize flashcards containing terms like If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine and or jail c. is following standard operating procedures d. is ineligible for a license for 2 years, An unlicensed assistant is hired ...Online banks. 20 of 20. Quiz yourself with questions and answers for Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.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 Which of the following is an example of an emblement?, The front-door key to a house is a, The term littoral describes which of the following? and more. ... PSI NJ Real Estate Exam, PSI Practice Test. 136 terms. cynthiaarellano77. Preview. REAL ESTATE 2024 EXAM . 48 terms ...Test your knowledge of real estate terms and concepts with this set of 90 flashcards created by Logan_Cooper289. Learn the definitions, examples and applications of brokerage, principal, capitalization, appraisal, agency and more.A NC provisional broker may advertise a property only if the broker: A. personally listed the property. B. uses the employing broker's name or the firm name in the advertisement. C. personally pays for the advertisement. D. is an active member of the local real estate board. B- uses the employing broker's name or the firm name in the advertisement.In Illinois, if the buyer of a property is a licensed broker, $2,625 on June 1, 2012 because June 1st is the deadline to pay half of the levied General Real Estate Taxes. A woman's property has an assessed value of $175,000. The local tax rate is 3%, and no equalization factor is used. If the tax was levied in April 2011, the woman had to pay. 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.

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 Agent, Agency, Blockbusting and more. ... Book 1 Exam Real Estate. 43 terms. Sofie_Elady1016. Preview. California Real Estate Principles - Questions and Answers. ... Economics Exam 3 Practice 1. 18 terms. bnitterhouse. Preview. unit 9. 20 terms. irynaohrimovska86. Preview. Module ...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 …Instagram:https://instagram. asi se dice 1 workbook answerswhats wrong with kim gravels mouthflight b6 128life360 map symbols Study with Quizlet and memorize flashcards containing terms like If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine and/or jail c. is following standard operating procedures d. is ineligible for a license for 2 years, An … truist park atlanta concert seating chartmail center gcu Study with Quizlet and memorize flashcards containing terms like To qualify for a real estate salesman license in Alabama, a person must:, Broker Mary Hart operates a brokerage business within the corporate city limits of Montgomery. Hart:, Under Alabama law, a licensee is prohibited from all of the following except: and more. piper rockelle 2022 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 ...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.Nevada Real Estate Exam. 526 terms. berndes. Preview. NV Real Estate State Exam ... 30 terms. LandonKarczewski. Preview. Nevada Real Estate State. 212 terms. saray0108. Preview. nevada real estate practice 1. 68 terms. Victoria0426. Preview. Macro: Ch 12 - Production and Growth ... A real estate broker or broker-salesperson must have obtained a ...