Idaho Real Estate BUNDLED Exams 2023 with 100% correct answers

C) a hotel - correct answer What is an example of commercial real estate? A) A power plant B) a 12 plex apartment complex C) a hotel D) public schools C) 5 serving 4 year terms - correct answer How many real estate commissioners are there and how long do they serve? A) 2 serving 4 y...

Appraisal - correct answer an estimate or opinion of value based on supportable evidence and approval methods CMA - Comparable Market Analysis - correct answer an analysis of probable value of real estate done by individual other than an appraiser BPO - Broker Price Opinion - correct answ...

Principle of Regression and Progression - correct answer does the property conform to its surroundings (neighbors can have an effect on the value of your property). Over Improvement - correct answer land improvement that is more extensive than the surrounding neighborhood justifies or that ca...

Appraisal - correct answer The process of estimating and supporting an opinion of value as of a certain date. Market Value - correct answer A real estate appraiser estimates the market value or fair market value 4 Characteristics of Demand - correct answer 1. Demand 2. Utility 3. Scarc...

Protect the public and industry - correct answer The primary purpose of the Idaho real estate commission is to: Idaho real estate commission - correct answer Initial application for a real estate license is administrated by All licensees - correct answer Where does the money come from to...

The primary purpose of the Idaho Real Estate Commission is to: - correct answer Protect the public and industry Initial application for a real estate license is administered by: - correct answer Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Com...

Equity is defined as: - correct answer the market value less the debt owed What are the owner's rights if their farm zoning is changed by the county to single family residential? - correct answer Their old use continues through non-conforming use Which police power allows a city to forcibly...

Abstract of Title - correct answer The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property - certification by the abstractor that the history is complete and accurate....

Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate coopera...