BUNDLE - CE SHOP EXAMS

ce shop final exam questions & answers 2023/2024 Which of the following formulas is used with the index method to find the reproduction cost? - ANSWER-Present index ÷ Index at time of construction x Original cost = Present cost On auction day, what impact does the type of auction (absolute or...

CE Shop Final Exam 2023 which of the following is the price a lender believes the property will bring at a foreclosure sale? - ANSWER-mortgage value Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ ...

CE Shop Final Exam 2023 which of the following is the price a lender believes the property will bring at a foreclosure sale? - ANSWER-mortgage value Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ ...

Real Estate - The CE Shop Exam 2023/2024 1031 tax-deferred exchange - ANSWER-"Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest the proceeds in a "like-kind" property and defer paying any capital gains taxes. Ex. Real estate in...

CE Shop National Exam 2023/2024 Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 states that its purpose, in part, is to require that real estate appraisals used in connection with federally related transactions be performed ______. By licensed real estate p...

CE Shop Final Exam 2023/2024 Depreciation - ANSWER-Real property ownersip has significant tax advantages. Which of the following is an advantage? The building department - ANSWER-Which entity ensures that contractors perform their work according to code by inspecting their job sites? Salesp...

The CE Shop Review Assessment Answers 2023/2024 With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums. - ANSWER-Package mortgage Which product's f...

The CE Shop :Final Exam Georgia 2023/2024 What is a general lien? A claim against a person and all of that person's property A claim against a specific piece of property A type of mortgage lien A type of tax lien - ANSWER-A claim against a person and all of that person's property ...

The CE Shop National Exam (PSI) PART 1 2023/2024 Addendum - ANSWER-When Dashiell received the purchase offer for his bungalow, he was surprised to see a page added to the contract requesting that an attorney review the contract. What is Dashiell looking at? Place a lien on the property Unpa...

CE Shop Final Exam 2023/2024 The components that make up a borrower's mortgage payment can best be remembered using which acronym? - ANSWER-PITI (principal, interest, taxes, and insurance) From a real estate professional's point of view, what's the purpose of qualifying buyers? - ANSWER-To ...

CE Final Exam RE, The CE Shop Test, Real Estate Final Exam 2023/2024 ______ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of compar...

CE SHOP MN COURSE 2 EXAM 2023/2024 HIV/AIDS - ANSWER-cannot be disclosed under any circumstances principle of anticipation - ANSWER-purchase price is affected by the expectation of future appeal and benefits principle of contribution - ANSWER-value of a part is determined by its contributio...

CE Shop Final Exam Study 2023/2024 The Housing and Community Development Act of 1974 added which protected class to federal fair housing law? - ANSWER-Sex When is a cease and desist order effective? - ANSWER-Immediately upon issuance What's another name for an escrow account? - ANSWER-trus...

CE Shop Final Exam Course 2 2023/2024 What is the maximum amount of time a protection or override clause can be in effect? - ANSWER-Six Months Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? - ANSWER-Highest and Best Use ...