Real Estate Course Final Exam Questions
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Terms in this set (90)
What type of Joint venture
relationship has been
formed if two or more
parties agree to
combine their efforts
for a single business
transaction?
A city is in need of Eminent Domain
additional land for a
new school. What right
would the city have to
acquire the land, even
over the objections of
the property owner?
Which type of deed Quitclaim
would be best to
convey property from
the standpoint of the
grantor?
,These are all remedies Claim from the Real Estate Recovery Fund
for breach of a real
estate contact between
a buyer and a seller,
EXCEPT:
Which concept of Going concern
value pertains to
appraisals of profitable
business enterprises or
opportunities?
Fred, a licensed sales Fred cannot bring a legal action for the claimed
associate, was commission against anyone other than Harry.
registered with Broker
Harry when he claimed
that Harry had failed to
pay a sales commission
due him. If Fred
resigned and was
employed under
Broker Norman before
the dispute was
resolved, which
statement would be
correct?
FHA housing expense 31% and 43%
ratio and total
obligations ratios,
correspondingly,
cannot exceed which
of the following limits?
, What is the price of 0.70 cents per hundred dollars of sales price
state documentary
stamp tax on the deed
for property that is
located outside of
Dade County?
Three sisters buy a Joint Tenancy
home. They each have
equal portions of
possession, interest,
time, and title. They
decide that upon
death, the survivor will
acquire their shares.
What type of tenancy
exists?
Which stamp applies to Intangible tax
a new mortgage but
NOT to an assumed
mortgage?
Which approach to Cost Depreciation (ojo)
value would most likely
be selected to
determine the value of
the County Court
House?
Which of the following Government National Mortgage Association
is not a primary lender?
With Correct Answers Latest Update
Save
Terms in this set (90)
What type of Joint venture
relationship has been
formed if two or more
parties agree to
combine their efforts
for a single business
transaction?
A city is in need of Eminent Domain
additional land for a
new school. What right
would the city have to
acquire the land, even
over the objections of
the property owner?
Which type of deed Quitclaim
would be best to
convey property from
the standpoint of the
grantor?
,These are all remedies Claim from the Real Estate Recovery Fund
for breach of a real
estate contact between
a buyer and a seller,
EXCEPT:
Which concept of Going concern
value pertains to
appraisals of profitable
business enterprises or
opportunities?
Fred, a licensed sales Fred cannot bring a legal action for the claimed
associate, was commission against anyone other than Harry.
registered with Broker
Harry when he claimed
that Harry had failed to
pay a sales commission
due him. If Fred
resigned and was
employed under
Broker Norman before
the dispute was
resolved, which
statement would be
correct?
FHA housing expense 31% and 43%
ratio and total
obligations ratios,
correspondingly,
cannot exceed which
of the following limits?
, What is the price of 0.70 cents per hundred dollars of sales price
state documentary
stamp tax on the deed
for property that is
located outside of
Dade County?
Three sisters buy a Joint Tenancy
home. They each have
equal portions of
possession, interest,
time, and title. They
decide that upon
death, the survivor will
acquire their shares.
What type of tenancy
exists?
Which stamp applies to Intangible tax
a new mortgage but
NOT to an assumed
mortgage?
Which approach to Cost Depreciation (ojo)
value would most likely
be selected to
determine the value of
the County Court
House?
Which of the following Government National Mortgage Association
is not a primary lender?
