Quizlet real estate practice exam.

20 of 20. Quiz yourself with questions and answers for Barron's Real Estate Exams, 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 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 ...Hello, welcome to our California Real Estate Practice Exam. In California, there are 150 questions on the exam. Many states have a national portion and a state portion, but California has one section combining both for a total of 150 questions. The two most effective study tools for the state exam are practice exams and learning the state-specific license laws.Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that:, Most real estate agents are involved primarily in the sale of:, The IRS will treat the real estate salesperson as an independent contractor if 3 criteria are met. These criteria include: and more.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.

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 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 ...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 …

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 ...

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 ...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.Terms in this set (81) Start studying REAL ESTATE Practice EXAM #3.5. Learn vocabulary, terms, and more with flashcards, games, and other study tools.Study with Quizlet and memorize flashcards containing terms like Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could:, Joint tenant estate held by two joint tenants is severed and ended by the following:, A man owns six seperate parcels of real property.

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 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 ...

Existing - 3 years. New - 5 years. 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.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...Listed below are all of our real estate practice exams. Make sure to use the answer explanations at the end of each exam to better understand complex concepts. Real Estate Practice Exam #1. Real Estate Practice Exam #2. Real Estate Practice Exam #3. Real Estate Practice Exam #4. Real Estate Practice Exam #5.We explain the eye exam costs and availability at BJ's, plus information on whether or not BJ's Wholesale Clubs accept vision insurance. Eye exams are available for BJ’s Wholesale ...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 ...

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.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.17. 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.If Joe wants $100,000 for his house and the broker finds a buyer for $120,000, he gets a 20k commission. Mostly illegal in the US. An interest in real property that lasts the length of someone's life (who is not the life tenant). It is a type of freehold estate because it is indefinite in duration.She must complete 60 hours of Alabama pre-licensing education. She must deactivate her current real estate license. She must enter into a written co-brokerage agreement. She must pass the licensing exam with a minimum score of 80%. 20 of 100. Term. Damian, a salesperson, is interested in being a qualifying broker.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.

Real Estate Practice Exam. Jane saw a property that was $900,000, then found another property that had the same use design and income in the next town over for $600,000. Because of the price, she purchased the home in the next town over. This would be an the principal of. Click the card to flip 👆. Substitution.Term. According to the Virginia Landlord-Tenant Act, security deposits: A. Are 100% refundable to the tenant. B. Must earn interest to the benefit of the tenant. C. Cannot exceed the equivalent of one month's rent. D. Must placed in an escrow account. Familial status. Automatic revocation of the real estate license.

Having life insurance is a big deal. These are the top life insurance companies that don't require a medical exam to get covered. Home Insurance Having a life insurance policy is ...A $30 assessment on all new broker licenses. A $30 assessment on all new salesperson licenses. A 5% assessment on all licensee commissions for a month. An assessment on every licensee in the state when the amount falls below $500,000. A 5% assessment on all licensee commissions for a month.Study with Quizlet and memorize flashcards containing terms like What is the state intangible tax when a buyer assumes a mortgage of $60,000 and takes out a new mortgage of $20,000?, If the Federal Reserve votes to lower the discount rate, how will this likely affect interest rates on short-term credit?, A subject property has four bedrooms. A comparable …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.28 of 28. Quiz yourself with questions and answers for Real Estate Practice Final 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. 5 years. 3 years. 16 of 16. 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 Broker, Broker-Salesperson, bureau of subsidized land sales control and more. ... NJ REAL ESTATE PRACTICE EXAM 2021. 95 terms. anahidsaadati. Preview. PSI NJ Real Estate Exam, PSI Practice Test. 136 terms. cynthiaarellano77. Preview. Civil Rights Study Guide. 13 terms. eme9699.

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.

Term. According to the Virginia Landlord-Tenant Act, security deposits: A. Are 100% refundable to the tenant. B. Must earn interest to the benefit of the tenant. C. Cannot exceed the equivalent of one month's rent. D. Must placed in an escrow account. Familial status. Automatic revocation of the real estate license.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 ...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.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 ...Study with Quizlet and memorize flashcards containing terms like The amount per $1,000 used to calculate taxes on property is the, The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is, May eviction and foreclosure notices be delivered …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.Broker's principle are called. clients. the Maryland Real Estate Commission. 3 out of its members are not real estate licensees and 5 are. a team leader. The team leader is chosen by the members of the team. The team leader is responsible for reasonable and adequate supervision of the team. The team leader can be the branch manager.The Real Estate Board. The Virginia Residential Landlord Tenant Act allows a landlord to require a security deposit as a condition of a lease, but has established a maximum amount. The amount of such deposit cannot exceed... Two month's rent. A broker has received an earnest money deposit to support a valid contract.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 …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 …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 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 ...PrepAgent offers real estate exam prep for all 50 states. Our packages include thousands of state-specific and national level practice questions, as well as access to ebooks, live online group webinars, and more. Find your state and pick the right real estate exam prep package for you.Study with Quizlet and memorize flashcards containing terms like A freehold estate is _____., a person who owns an undivided interest in land with at least one other, and has the right of survivorship, is said to be a(n) _____., Dower rights are rights that assure that's _____. and more. ... FL Real Estate Exam Practice Questions. 140 terms ...Study with Quizlet and memorize flashcards containing terms like Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance, What is the main purpose of police power? A. to protect the health, safety, and welfare of the community B. to prevent people from committing crimes C. to put out fires D ...Instagram:https://instagram. rose garden pest crossworddahmer chazznicole baker news anchorhow to unlock lid on maytag washer 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. vanderbilt waitlist 2027f03 fireguard practice test Study with Quizlet and memorize flashcards containing terms like a lease that requires a tenant to pay all operating expenses such as property taxes, insurance, and maintenance is:, a tenant who is interested in purchasing the house she is leasing and wants a chance to match a bid that may come in from a third party should obtain:, the following statement is … naics code for real estate investor At $10 per square foot, the tenant's base rent is $30,000. Since the total rent was $60,000 that means the remaining $30,000 was due to the gross sales percentage. Since that figure is 8%, simply divide $30,000 by .08 to arrive at $375,000. what is Economic obsolescence.Study with Quizlet and memorize flashcards containing terms like Two Types of Property:, Real Estate:, Land: and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. PoB CH5 vocab. 23 terms. Kim_Peterson74. Preview. Human Trafficking. 10 terms. Srikar_Ketharaju.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.