- Study guides, Class notes & Summaries

Why is the condition of bearing walls more important than non bearing walls? - ANS Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - ANS transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - ANS Stabilized budget A buyer told broker Lena that she wants to move to Cuban neighborhood. Then the buyer asked if ...

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9 pages

Written in 2024/2025

Grade A+

Studyclock

Pete is a sole proprietor broker and has six salespeople who he employs. On June 9th, Pete is killed in a car accident. Tom is one of the salespeople and his listing is set to close on June 20th. What will happen to the proposed closing? A). Nothing will happen. Business will go on as usual with the salespeople in charge until a new broker is found. B). The estate will notify the Commission within 15 days of death and tell the Commission that a new termination broker has been found. The clos...

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56 pages

Written in 2024/2025

Grade A+

Studyclock

COLIBRI REAL ESTATE 30 HOUR FINAL PA EXAM 2024/2025 | ACCURATE CURRENTLY TESTING REAL EXAM QUESTIONS AND CORRECT ANSWERS land contract - CORRECT Answer buyer pays seller to occupy and use property net lease - CORRECT Answer buyer pays rent and other expenses gross lease - CORRECT Answer buyer pays only rent goes to heirs - CORRECT Answer Tenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in severality - CORRECT Answer Joint Tenanc...

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5 pages

Written in 2024/2025

Grade A+

martinmaccaine

REAL ESTATE EXPRESS PA 30 HOUR FINAL EXAM PREP QUESTIONS AND ANSWERS PACKAGE SOLUTIONS

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5 items

Studyclock

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS Fee Simple Defeasable How does Planned Unit Development zoning differ from ordinary zoning? - ANS It requires that multiple tracts of land be developed according to a single design for efficien...

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10 pages

Written in 2024/2025

Grade A+

Studyclock

What is the loan balance called? - ANS the principal Charging interest in excess of this rate is called __________ or illegal interest. - ANS usury What is the total dollar amount of interest and points paid by a borrower at closing. - ANS prepaid interest What are a one-time fee paid at closing to increase the yield to the investor. - ANS points Points give the lender more money up-front so he will be encouraged to make a loan at a __________ interest rate. - ANS lo...

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76 pages

Written in 2024/2025

Grade A+

Studyclock

Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...

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44 pages

Written in 2024/2025

Grade A+

Studyclock

land contract - ANS buyer pays seller to occupy and use property net lease - ANS buyer pays rent and other expenses gross lease - ANS buyer pays only rent goes to heirs - ANS Tenants in common, 2 of 3 people die. Who gets the property of those who died? Tenant owns it in severality - ANS Joint Tenancy, 3 of 4 people die. Who gets property of those who died? Client - ANS Another word for principal race, nat. origin, sex, color, religion, disability, familial st...

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6 pages

Written in 2024/2025

Grade A+

Studyclock

COLIBRI REAL ESTATE 30 HOUR FINAL PA EXAM 2024/2025 | ACCURATE CURRENTLY TESTING REAL EXAM VERSION WITH A COMPREHENSIVE STUDY GUIDE AND DETAILED ANSWERS | EXPERT VERIFIED FOR GUARANTEED PASS | LATEST UPDATE

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64 pages

Written in 2024/2025

Grade A+

DrMedinaReed