Barney Fletcher Exam questions
(2025) ACTUAL EXAM (TESTING REAL
EXAM QUESTIONS) AND VERIFIED
ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED
|100% CORRECT!!
Save
Terms in this set (43)
,In doing a market B. no, because of the divorce, it was not
analysis, you find a an arms length agreement
recently sold
property where
the owners had
just gone through
a divorce. It was
listed for $60,000
for 3 months but
sold for $40,000.
Would you use this
as a comparable?
A. no, because it
had only been
listed for 3 months
B. no, because of
the divorce, it was
not an arms length
agreement
C. yes, you would
use the actual
sales price of
$40,000
D. yes, because it
was a comparable
type property
,A property was B. $231,200
worth $289,000 if
capitalized at 4%. $289,000 x 4% = $11,560 divided by 5% =
What is it worth if $231,200
it capitalized at
5%?
A. $185,000
B. $231,200
C. $300,000
D. $325,000
An heirloom C. a fixture
chandelier in a
house would be
considered:
A. chattel
B. personal
property
C. a fixture
D. a trade fixture
, An owner of a life D. estate in fee simple
estate died and
the land passed to
the remainderman.
What interest
would the
remainderman
receive?
A. estate in
reversion
B. life estate
C. estate at will
D. estate in fee
simple
(2025) ACTUAL EXAM (TESTING REAL
EXAM QUESTIONS) AND VERIFIED
ANSWERS (MULTIPLE CHOICES)
|COMPLETE SOLUTIONS |A+ GRADED
|100% CORRECT!!
Save
Terms in this set (43)
,In doing a market B. no, because of the divorce, it was not
analysis, you find a an arms length agreement
recently sold
property where
the owners had
just gone through
a divorce. It was
listed for $60,000
for 3 months but
sold for $40,000.
Would you use this
as a comparable?
A. no, because it
had only been
listed for 3 months
B. no, because of
the divorce, it was
not an arms length
agreement
C. yes, you would
use the actual
sales price of
$40,000
D. yes, because it
was a comparable
type property
,A property was B. $231,200
worth $289,000 if
capitalized at 4%. $289,000 x 4% = $11,560 divided by 5% =
What is it worth if $231,200
it capitalized at
5%?
A. $185,000
B. $231,200
C. $300,000
D. $325,000
An heirloom C. a fixture
chandelier in a
house would be
considered:
A. chattel
B. personal
property
C. a fixture
D. a trade fixture
, An owner of a life D. estate in fee simple
estate died and
the land passed to
the remainderman.
What interest
would the
remainderman
receive?
A. estate in
reversion
B. life estate
C. estate at will
D. estate in fee
simple
