Social Science Economics
NATIONAL REAL ESTATE EXAM PRACTICE
TEST
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Practice questions for this set
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Which of these is the best example of stigmatized property?
Choose an answer
home where a notorious convicted
1 2 home with recent renovations and upgrades
murderer once lived
home with historical architectural home located in a high-crime
3 4
significance neighborhood
Don't know?
Terms in this set (164) Hide definitions
, In most cases, broker compensation, as a percentage of 5-7%
home price, falls somewhere between:
A Christian organization owns a fourplex. It wants to rent Yes. Religious organizations which rent to tenants for residential purposes are
to only Christian tenants. Under the federal Fair Housing exempt from the Fair Housing Act
Act, is this legal?
What happens to trade fixtures after a business moves The tenant removes their trade fixtures and takes them upon moving out.
out of a leased property?
Suppose that a borrower has a gross monthly income of $280
$3,000 and wants to qualify for a conforming loan (total
debt service ratio of 36%) with a monthly PITI payment of
$800. What is the maximum amount of additional long-
term obligations this borrower may have after PITI?
A square bedroom measures 10 feet by 10 feet. What is 100 square feet
the area of the room?
Which of these is an economic characteristic that makes situs
land a distinctive commodity?*
In a fixed-rate mortgage that is fully amortized, the total predetermined
amount of interest to be paid is:
Which is exempt from the federal Fair Housing Act? renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to: privately owned or government-owned public accommodations
Condemnation is the act of seizing private property from eminent domain
citizens. What gives the government the right to do this?
The PHYSICAL characteristics of land are that land is immobile
indestructible, non-homogenous, and:
Which statement BEST defines the term contingency? stipulation that must be satisfied before the contract can be performed
NATIONAL REAL ESTATE EXAM PRACTICE
TEST
143 studiers today 4.5 (65 reviews)
Students also studied
Flashcard sets Study guides
National Real Estate Exam Practice ... National Real Estate Exam Prep Real Estate Practice Exam Question... PSI Nat
219 terms 101 terms Teacher 90 terms 544 term
claire_bayse Preview kimluck Preview Logan_Cooper289 Preview Frit
Practice questions for this set
Learn 1 /7 Study with Learn
Which of these is the best example of stigmatized property?
Choose an answer
home where a notorious convicted
1 2 home with recent renovations and upgrades
murderer once lived
home with historical architectural home located in a high-crime
3 4
significance neighborhood
Don't know?
Terms in this set (164) Hide definitions
, In most cases, broker compensation, as a percentage of 5-7%
home price, falls somewhere between:
A Christian organization owns a fourplex. It wants to rent Yes. Religious organizations which rent to tenants for residential purposes are
to only Christian tenants. Under the federal Fair Housing exempt from the Fair Housing Act
Act, is this legal?
What happens to trade fixtures after a business moves The tenant removes their trade fixtures and takes them upon moving out.
out of a leased property?
Suppose that a borrower has a gross monthly income of $280
$3,000 and wants to qualify for a conforming loan (total
debt service ratio of 36%) with a monthly PITI payment of
$800. What is the maximum amount of additional long-
term obligations this borrower may have after PITI?
A square bedroom measures 10 feet by 10 feet. What is 100 square feet
the area of the room?
Which of these is an economic characteristic that makes situs
land a distinctive commodity?*
In a fixed-rate mortgage that is fully amortized, the total predetermined
amount of interest to be paid is:
Which is exempt from the federal Fair Housing Act? renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to: privately owned or government-owned public accommodations
Condemnation is the act of seizing private property from eminent domain
citizens. What gives the government the right to do this?
The PHYSICAL characteristics of land are that land is immobile
indestructible, non-homogenous, and:
Which statement BEST defines the term contingency? stipulation that must be satisfied before the contract can be performed
