Real Estate Salesperson California State Exam (Guaranteed Pass!)

Which of the following is most vital or important in planning a subdivision: correct answers Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: correct answers Percentage Lease What is not an adequate method of transferring property? correct answers Executive Sale What is considered personal property? correct answers Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of the property if a 10% return is required: correct answers $80,000 $100,000 Value of Property x 0.08 Capitalization Rate =$8,000 Net Income $8,000 Net Income ÷ 0.10 of Return =$80,000 Value of Property The value of the best property in the neighborhood will be adversely affected by the presence of comparatively substandard property is a statement relating to value and is know as the Principle of: correct answers Regression Which of the following actions or events would result in the termination of a sales escrow: correct answers Mutual consent of the parties The measure of goods and services produced by the nation during any one calendar year is the definition of which of the following: correct answers Gross National Product An easement on real property can be terminated by: correct answers A release signed by the holder of the dominant tenement An appraiser's narrative appraisal report of a single-family residence probably would contain no reference to: correct answers The type of financing available When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand. That statement is an illustration of which of the following principles of appraising: correct answers Substitution