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Exam (elaborations)

Michigan Real Estate Exam Questions and Answers 100% Correct(GRADED A+)

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All of the following include a real estate interest except: A. Apple trees B. Farm equipment C. Air rights D. Barns - ANSWER-B. Farm equipment An owner of a 90 acre parcel of land wishes to split the land without platting. Under the michigan land devision act, how many parcels may this owner get if he does not create any new roads? A. 12 B. 14 C. 10 D. 8 - ANSWER-A. 12 In estimating the value of a single-family home, an appraiser would most likely use which approach? A. Income B. Capitalization Rate C. Gross Rent D. Market - ANSWER-D. Market at the closing table, A land contract vendee receives which of the following rights? A. Redemption B. Laches C. Legal Title D. Possession - ANSWER-D. Possession A Section Contains: A. 460 acres B. 43,560 sq. ft.

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Uploaded on
September 7, 2023
Number of pages
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Written in
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