In MOST market ares, rents are determined by:
A. the local apartment owner's association
B. department of housing (HUD)
C. a tenants union
D. supply and demand factors
Give this one a try later!
, D.
The amount of properties and vacancy determine rental values
Defined as a loss in value from any cause, depreciation is generally divided into three
categories. The loss of value due to the normal wear and tear on a property is called
A. physical deterioration
B. economic obsolesce
C. functional obsolesce
D. external obsolescence
Give this one a try later!
A.
A building sold for $157,000 The broker's commisssion was 6% and was divided as
follows: 10% to the listing person 50% of the balance to the selling broker. What was
the listing booker's commission?
A. 1064
B. 942
C. 1124
D. 964
Give this one a try later!
B.
157,000 X 6% = 9420
% = 942
, A couple accompanies a property inspector during an inspection of a house on which
they have a contract. The inspector points to a six-inch crack at the corner of a dining
room window. The crack is an example of :
A. A structural defect
B. A patent Defect
C. a latent defect
D. an environmental defect
Give this one a try later!
B. A patent defect is easily visible when inspecting a property. (another)
term for material)
During the period of time after a real estate sales contract is signed, but before title
actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral
Give this one a try later!
A.
A contract is in executory status when its terms of agreement have not yet
been carried out.
The principle of appraising, which states that the maximum value is achieved when the
property is in harmony with it's surroundings, is the Principle of :
A. highest and best use
A. the local apartment owner's association
B. department of housing (HUD)
C. a tenants union
D. supply and demand factors
Give this one a try later!
, D.
The amount of properties and vacancy determine rental values
Defined as a loss in value from any cause, depreciation is generally divided into three
categories. The loss of value due to the normal wear and tear on a property is called
A. physical deterioration
B. economic obsolesce
C. functional obsolesce
D. external obsolescence
Give this one a try later!
A.
A building sold for $157,000 The broker's commisssion was 6% and was divided as
follows: 10% to the listing person 50% of the balance to the selling broker. What was
the listing booker's commission?
A. 1064
B. 942
C. 1124
D. 964
Give this one a try later!
B.
157,000 X 6% = 9420
% = 942
, A couple accompanies a property inspector during an inspection of a house on which
they have a contract. The inspector points to a six-inch crack at the corner of a dining
room window. The crack is an example of :
A. A structural defect
B. A patent Defect
C. a latent defect
D. an environmental defect
Give this one a try later!
B. A patent defect is easily visible when inspecting a property. (another)
term for material)
During the period of time after a real estate sales contract is signed, but before title
actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral
Give this one a try later!
A.
A contract is in executory status when its terms of agreement have not yet
been carried out.
The principle of appraising, which states that the maximum value is achieved when the
property is in harmony with it's surroundings, is the Principle of :
A. highest and best use
