Real Estate Final Exam - 100
Questions with complete solutions
Zoning is under the control of: - Ans>>>government agencies.
A contract that is binding and enforceable in a court of law is said
to be: - Ans>>>valid.
Escrows base monthly prorations on how many days? -
Ans>>>30
An oath or affirmation made before a notary public that the
content of an instrument is true is called a(n): -
Ans>>>verification.
,Which of the following is NOT a California starting point in the U.S.
Government Survey system? - Ans>>>Baja Base Line and
Meridian
Which of the following statements constitutes and example of
progression? - Ans>>>A home of lesser value is worth more when
located among homes of greater value.
An agent who intentionally shows minorities homes for sale in a
minority neighborhood only and refuses to communicate the
availability of housing in other neighborhoods is guilty of: -
Ans>>>steering.
Which of the following are considered non-institutional lenders? -
Ans>>>private lenders
mortgage companies
credit unions
An agency is terminated by operation of law when: - Ans>>>the
agency agreement expires
the broker or seller dies
the property is destroyed
The nominal interest rate is: - Ans>>>stated on the note
, If a rental property is sold, the rents of the tenants are: -
Ans>>>prorated in escrow.
An incompetent person: - Ans>>>is of unsound mind
cannot individually contract
must have court approval to contract
An "REIT" is a: - Ans>>>real estate investment trust.
The cost of approach is most effective: - Ans>>>with new,
unique, or public buildings.
In real estate, the person who acts for and with the authority of
another is called a(n): - Ans>>>agent.
Which of the following forms are included in the "Listing
Package?" - Ans>>>-Disclosure Regarding Real Estate Agency
Relationship
-Possible Representation of More than One Buyer or Seller -
Disclosure and Consent
-Wire Fraud and Electronic Funds Transfer Advisory
To be valid, a lease need NOT include the: - Ans>>>words "let or
demise"
Questions with complete solutions
Zoning is under the control of: - Ans>>>government agencies.
A contract that is binding and enforceable in a court of law is said
to be: - Ans>>>valid.
Escrows base monthly prorations on how many days? -
Ans>>>30
An oath or affirmation made before a notary public that the
content of an instrument is true is called a(n): -
Ans>>>verification.
,Which of the following is NOT a California starting point in the U.S.
Government Survey system? - Ans>>>Baja Base Line and
Meridian
Which of the following statements constitutes and example of
progression? - Ans>>>A home of lesser value is worth more when
located among homes of greater value.
An agent who intentionally shows minorities homes for sale in a
minority neighborhood only and refuses to communicate the
availability of housing in other neighborhoods is guilty of: -
Ans>>>steering.
Which of the following are considered non-institutional lenders? -
Ans>>>private lenders
mortgage companies
credit unions
An agency is terminated by operation of law when: - Ans>>>the
agency agreement expires
the broker or seller dies
the property is destroyed
The nominal interest rate is: - Ans>>>stated on the note
, If a rental property is sold, the rents of the tenants are: -
Ans>>>prorated in escrow.
An incompetent person: - Ans>>>is of unsound mind
cannot individually contract
must have court approval to contract
An "REIT" is a: - Ans>>>real estate investment trust.
The cost of approach is most effective: - Ans>>>with new,
unique, or public buildings.
In real estate, the person who acts for and with the authority of
another is called a(n): - Ans>>>agent.
Which of the following forms are included in the "Listing
Package?" - Ans>>>-Disclosure Regarding Real Estate Agency
Relationship
-Possible Representation of More than One Buyer or Seller -
Disclosure and Consent
-Wire Fraud and Electronic Funds Transfer Advisory
To be valid, a lease need NOT include the: - Ans>>>words "let or
demise"
