PRINCIPLES OF REAL ESTATE II
QUESTIONS WITH COMPLETE
SOLUTION
n to have and to hold for the life of the grantee is... - a habendum clause.
the stage of land development during which utilities are installed, parks are constructed, marketing
programs are initiated, and title to individual parcels is transferred as lots are sold for construction is
called... - the disposition stage.
for what purpose does a REIT use funds from investors? - to purchase both real estate and mortgages.
the effective term of a deed restriction may be extended with the consent of... - a majority of the owners
in a subdivision.
through a restrictive covenant in a deed, a developer may establish restrictions on the right to... - use
land.
in order to allow uses of property deemed desirable for public convenience but only marginally
acceptable in a specific zone, a planning and zoning commission can grant a(n)... - conditional-use
permit.
which of the following is TRUE? - a property managers collection policy should be firm and consistent.
the hiring and supervising of employees who perform maintenance and other services generally is the
responsibility of... - the property manager.
the budget should take into consideration the owners long-range plans for the property and must
contain an estimate of... - income and expenses.
a ground lease is usually... - a long-term lease.
which of the following is TRUE? - in an actual eviction, the landlord files a suit for possession to have the
tenant removed from the premises.
if there are no smoke alarms in a lease residence, the tenant may do which of the following? - request
one from the landlord.
which is for a definite, fixed period of time? - estate for years.
something that is owed is... - a debit.
the fees to the county clerk to record the deed are paid by... - the buyer.
the borrower must be provided the closing disclosure, at LEAST how many business days before closing?
- three.
QUESTIONS WITH COMPLETE
SOLUTION
n to have and to hold for the life of the grantee is... - a habendum clause.
the stage of land development during which utilities are installed, parks are constructed, marketing
programs are initiated, and title to individual parcels is transferred as lots are sold for construction is
called... - the disposition stage.
for what purpose does a REIT use funds from investors? - to purchase both real estate and mortgages.
the effective term of a deed restriction may be extended with the consent of... - a majority of the owners
in a subdivision.
through a restrictive covenant in a deed, a developer may establish restrictions on the right to... - use
land.
in order to allow uses of property deemed desirable for public convenience but only marginally
acceptable in a specific zone, a planning and zoning commission can grant a(n)... - conditional-use
permit.
which of the following is TRUE? - a property managers collection policy should be firm and consistent.
the hiring and supervising of employees who perform maintenance and other services generally is the
responsibility of... - the property manager.
the budget should take into consideration the owners long-range plans for the property and must
contain an estimate of... - income and expenses.
a ground lease is usually... - a long-term lease.
which of the following is TRUE? - in an actual eviction, the landlord files a suit for possession to have the
tenant removed from the premises.
if there are no smoke alarms in a lease residence, the tenant may do which of the following? - request
one from the landlord.
which is for a definite, fixed period of time? - estate for years.
something that is owed is... - a debit.
the fees to the county clerk to record the deed are paid by... - the buyer.
the borrower must be provided the closing disclosure, at LEAST how many business days before closing?
- three.
