Sarah Michelle FNP Practice Test | 40 COMPLETE QUESTIONS WITH
100% RATED CORRECT ANSWERS | 2025 LATEST UPDATED | GET A+
|Michelle Earley Practice Test
An unlicensed personal assistant may perform which activity? - (answer)Deposit earnest money
in the escrow account
What is the continuing education requirement of a sales associate after the licensee has
completed the post-licensing education requirement during the initial license period? -
(answer)Active licensees and inactive licensees are required to complete at least 14 hours of
continuing education during every two-year license period.
The purchase price of a property is $500,000. The buyer's financials are as follows:
The buyer put $50,000 in escrow.
The buyer has $50,000 of his own money.
你是想要一篇“眼睛容易阅读
The buyer is assuming the seller's mortgage of $85,000
的”中文文章
The buyer is acquiring a new mortgage of $225,000
The buyer has decided to ask the seller to take back a mortgage. How much would the mortgage
be if the seller takes back a purchase money mortgage from the buyer? - (answer)$90,000
Purchase money mortgage - (answer)Mortgage between a seller and buyer. The seller takes back
a purchase money mortgage, because the seller is the mortgagee.
Which of these describes a non-freehold estate that includes a definite specified amount of time?
- (answer)Estate for years
Freehold - (answer)indefinite, estate for years (in writing, must have specified time)
non freehold - (answer)definite, rent - tenancy at will (not in writing, not definite date),
100% RATED CORRECT ANSWERS | 2025 LATEST UPDATED | GET A+
|Michelle Earley Practice Test
An unlicensed personal assistant may perform which activity? - (answer)Deposit earnest money
in the escrow account
What is the continuing education requirement of a sales associate after the licensee has
completed the post-licensing education requirement during the initial license period? -
(answer)Active licensees and inactive licensees are required to complete at least 14 hours of
continuing education during every two-year license period.
The purchase price of a property is $500,000. The buyer's financials are as follows:
The buyer put $50,000 in escrow.
The buyer has $50,000 of his own money.
你是想要一篇“眼睛容易阅读
The buyer is assuming the seller's mortgage of $85,000
的”中文文章
The buyer is acquiring a new mortgage of $225,000
The buyer has decided to ask the seller to take back a mortgage. How much would the mortgage
be if the seller takes back a purchase money mortgage from the buyer? - (answer)$90,000
Purchase money mortgage - (answer)Mortgage between a seller and buyer. The seller takes back
a purchase money mortgage, because the seller is the mortgagee.
Which of these describes a non-freehold estate that includes a definite specified amount of time?
- (answer)Estate for years
Freehold - (answer)indefinite, estate for years (in writing, must have specified time)
non freehold - (answer)definite, rent - tenancy at will (not in writing, not definite date),
