Pearson Vue Real Estate Insurance Exam Questions with Verified Answers 100% Guarantee passing score of 90% or higher

Pearson Vue Real Estate Insurance Exam
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Questions with Verified Answers ss ss ss




100% Guarantee passing score of 90% or higher
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Consist of 80 multichoice Questions with Answers
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1. a broker charges a leasing fee of one-half of the first months rent
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ss and a management fee of 8% of all rents collected. the broker
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ss negotiates a two-year ss ss s s lease at a monthly rental of $550. which of the
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ss following amounts will the broker earn on this lease
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a.
$1,378
ss




ss b
ss $1,331
ss c.
$1,287
ss




d. $1,056ss




Answer: B. $1,331 ss ss




2. a property manager works in the BEST interests of the
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,a. tenant
b. owner




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,c. agent
d. bank
Answer: B. owner ss ss




3. in reviewing the deed to a listed property, a licensee noted a
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ss number of limitations regarding its use. these limitations aare
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ss commonly known as: ss ss




A. Codicils
B. constraints
C. building codes ss




D. restricted covenants ss




Answer: D. Restricted covenants ss ss ss




4. the price at which a willing and informed buyer would buy and a willing
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and informed seller would sell is called the
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a. assessed value ss




b. book value ss




c. income approach to value ss ss ss




d. market value ss




Answer: D. market value ss ss ss




5. the income approach is MOST likely to be used when determining the
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value of a
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, A. vacant residential lot
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b. office building ss




c. single-family home ss




d. cooperative apartment ss




Answer: B. office building ss ss ss




6. the G's purchased a house from the T's. the G's agreed to the
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ss following terms: monthly payments of $650 to the T's and the balance
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ss to be paid in full after 7 years. at the time the balance is paid, theT's will
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ss give the G's a warranty deed transferring title. in this situation, what
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ss type of financing was used
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a. fha loan ss




b. wrap around mortgage ss ss




c. package mortgage ss




d. contract for deed ss ss




Answer: D. contract for deed ss ss ss ss




7. In stating a seller's price and terms to a prospective buyer, the
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ss seller's
broker is required by the law of agency to state ONLY those terms that
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ss are


a. included in the listing agreement ss ss ss ss




b. based on the brokers evaluation of prevailing prices and terms
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c. favorable for the seller, as determined by the broker ss ss ss ss ss ss ss ss

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