Study guides, Class notes & Summaries

National Real Estate Exam Preparation Guide with Questions and Answers Unilateral Contract ANSWER Contract containing ONE promise given in exchange for completing an act. NO obligation to act. An unlicensed admin for a property manager can ONLY do which of the following tasks? 1 Collect rents 2 Publish a listing 3 Take a listing 4 Negotiate a contract ANSWER Answer: 1, collect rents All of the following are examples of a specific lien, except: 1 Property Taxes 2 Judgment 3 Mechanic'...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Questions and answers/ In most cases, broker compensation, as a percentage of home price, falls somewhere between: - -5- 7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - -Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased p...

When payments are made on amortized mortgage loans, the debt service includes - correct answer Payment of principal, interest, taxes, and insurance on the mortgaged property A couple bought their first home, quantifying for a 30-year loan. The lender required regular, equal payments of sufficient size and number to pay all interest due on the loan and reduce the amount owed to zero by the loan's maturity date.This is most likely - correct answer A fully amortized loan. Jane listed a prope...

NATIONAL REAL ESTATE 2024 EXAM QUESTIONS AND CORRECT ANSWERS ,GRADED A+ NATIONAL REAL ESTATE 2024 EXAM QUESTIONS AND CORRECT ANSWERS ,GRADED A+ NATIONAL REAL ESTATE 2024 EXAM QUESTIONS AND CORRECT ANSWERS ,GRADED A+

NATIONAL REAL ESTATE 2024 EXAM PRACTICE QUESTIONS AND DETAILED CORRECT ANSWERS ,GRADED A+ NATIONAL REAL ESTATE 2024 EXAM PRACTICE QUESTIONS AND DETAILED CORRECT ANSWERS ,GRADED A+ NATIONAL REAL ESTATE 2024 EXAM PRACTICE QUESTIONS AND DETAILED CORRECT ANSWERS ,GRADED A+ NATIONAL REAL ESTATE 2024 EXAM PRACTICE QUESTIONS AND DETAILED CORRECT ANSWERS ,GRADED A+

National Real Estate Exam Outline - Pearson Vue, Questions And Correct Answers Real property The interests benefits and rights inherit in real estate ownership often used as a synonym for Real Estate conveyed by deed Personal property Items called chattels or personalty that do not fit into the definition of real property such as movable objects and bill of sale Fixtures Personal property that's so attached to land or building that by law becomes part of real property such as Plumbing l...

1. Efforts to increase homeownership include all the following EXCEPT A) requiring lower down payments. B) penalizing first-time homebuyers for using funds from IRA's. C) requiring loan applicants to have better credit. D) lowering closing costs for first-time home buyers. - Answer-C) requiring loan applicants to have better credit. The real cost of owning a home includes certain costs/expenses that many people overlook. Which of the following is NOT such a cost/expense of home ownershi...

National Real Estate Exam: Transfer of Property/Title question and answer