Superior School of Real Estate Final Exam
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam)
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Terms in this set (110)
Which of the following The seller's agent emails the buyer's agent that the
would create legally seller signed the offer as written.
binding acceptance of a
written offer?
A broker is preparing a Add $22,500 to the sales price of the comparable
comparative market property.
analysis (CMA) for a
subject property with
3200 square feet. A
comparable property has
2750 square feet. The
estimated value of 450
additional square feet is
$22,500. The broker
should...
An option to purchase has Execute the option to purchase on the terms in the
been created for a one option agreement.
hundred acre parcel of
farmland. During the one-
year option period, the
option he has the right to...
,A buyer is under contract $7,400
to purchase a home for
$370,000 and has
qualified for an 80% loan-
to-value mortgage loan at
an annual interest rate of
45%. How much will the
buyer owe for the 1% loan
origination fee and 1 1/2
discount points associated
with this loan package?
The buyer and the seller in Date the earnest money is disbursed.
a failed transaction cannot
agree on how to disburse
the earnest money
deposit being held in the
listing firm's trust account.
The listing firm must retain
the records of this
transaction for 3 years
after the...
Which of the following is A tree house constructed in a tree on the property
an example of personal that can be removed without damage to the tree.
property that could
typically be removed by
the seller of a residential
property?
, Which of the following 3 bedrooms, 2 baths two-story house in a nearby
properties would be the similar subdivision.
best comparable for an
appraiser to use for an
appraisal of a two-story
subject property with 3
bedrooms and 2 baths in a
subdivision near the
downtown area of a city?
Which of the following is a Requiring a credit report and a criminal background
legal property check for all applicants.
management practice
under the Federal Fair
Housing Act as amended
in 1998?
How and when must a In writing, before obtaining any personal information
broker notify an from the buyer.
unrepresented buyer that
the broker represents the
seller?
Excise tax on real $1per$500
property in North Carolina
is...
Which of the following Seller states that she must relocate by the end of the
scenarios best illustrates year.
first substantial contact?
Liens, restrictive Encumbrances.
covenants, easements,
and encroachments are all
examples of...
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam)
Save
Terms in this set (110)
Which of the following The seller's agent emails the buyer's agent that the
would create legally seller signed the offer as written.
binding acceptance of a
written offer?
A broker is preparing a Add $22,500 to the sales price of the comparable
comparative market property.
analysis (CMA) for a
subject property with
3200 square feet. A
comparable property has
2750 square feet. The
estimated value of 450
additional square feet is
$22,500. The broker
should...
An option to purchase has Execute the option to purchase on the terms in the
been created for a one option agreement.
hundred acre parcel of
farmland. During the one-
year option period, the
option he has the right to...
,A buyer is under contract $7,400
to purchase a home for
$370,000 and has
qualified for an 80% loan-
to-value mortgage loan at
an annual interest rate of
45%. How much will the
buyer owe for the 1% loan
origination fee and 1 1/2
discount points associated
with this loan package?
The buyer and the seller in Date the earnest money is disbursed.
a failed transaction cannot
agree on how to disburse
the earnest money
deposit being held in the
listing firm's trust account.
The listing firm must retain
the records of this
transaction for 3 years
after the...
Which of the following is A tree house constructed in a tree on the property
an example of personal that can be removed without damage to the tree.
property that could
typically be removed by
the seller of a residential
property?
, Which of the following 3 bedrooms, 2 baths two-story house in a nearby
properties would be the similar subdivision.
best comparable for an
appraiser to use for an
appraisal of a two-story
subject property with 3
bedrooms and 2 baths in a
subdivision near the
downtown area of a city?
Which of the following is a Requiring a credit report and a criminal background
legal property check for all applicants.
management practice
under the Federal Fair
Housing Act as amended
in 1998?
How and when must a In writing, before obtaining any personal information
broker notify an from the buyer.
unrepresented buyer that
the broker represents the
seller?
Excise tax on real $1per$500
property in North Carolina
is...
Which of the following Seller states that she must relocate by the end of the
scenarios best illustrates year.
first substantial contact?
Liens, restrictive Encumbrances.
covenants, easements,
and encroachments are all
examples of...
