National Real Estate Pearson Vue Book | Questions with 100 % Correct Answers | Verified

An estate for years - The phrase definite duration refers to: A periodic tenancy - A lease that automatically renews itself, in the absence of notice, is: $66,666 - A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - A requirement of a valid deed is that the deed be: The Truth In Lending Act - To locate buyers for other properties, a broker advertised a property that was not available but which would generate great interest. The broker's action violated: Lead paint - A federally mandated disclosure deals with: periodic tenancy - If no period is set for a residential tenancy but rent is to be paid monthly, the lease is a: $305, 851 - A builder wanted the listing to reflect $85 per square foot for a 2,500 square foot home plus $75,000 for the lot after the 6% commission was paid. What should the home be listed at to meet the builder's wishes? 2500x85 = 212,500 + 75,000 = 287,500/.94 = 305,851 Transfer it - To alienate property means to An encumbrance - A deed restriction is BEST described as A cloud on the title - A minor discrepancy concerning a title is