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ASREB RANDY TEST INFO QUESTIONS WITH 100% CORRECT ANSWERS

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ASREB RANDY TEST INFO QUESTIONS WITH 100% CORRECT ANSWERS

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Special/ limited
( covenants and warranties)


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3 covenants and 1 warranty




what is periodic tenancy?


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- month to month lease 30 days to cancel
- week to week 10 days to cancel

,what does P.E.T.E stand for?


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Police power
Eminent domain
Taxation
Escheat




encumbrance limitation to____________


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property use




who would be considered the primary bank vs secondary bank when applying for a
loan?


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you local bank would be the primary lender and a foreign bank would be
secondary




what are the general liens


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, judgements
IRS
decendent debts




what is police power?


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state laws, environmental, zoning, R.E license, confiscation




parole evidence is a ______________testimony


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verbal testimony




operating expenses: No DIDI


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depreciation
IRS (income tax)
Debt Service
Improvement Capitol




what are fixtures?

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