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National Real Estate Exam question and answer

National Real Estate Exam question and answer A

National Real Estate Exam question and answer Jon

National Real Estate Exam question and answer

National Real Estate Exam Questions and Answers 100% Pass A purchase contract required that the property be free of tenants when the property conveyance occurred. On the day of closing, the tenants were still living in the property. Who is responsible for ensuring that tenants vacated the property prior to closing? A. Buyer B. Sellers Agent C. Seller D. Listing Agent Seller A real estate broker enters into an agreement to represent a buyer who is seeking a property to pur...

National Real Estate Exam - Guide to Pearson Vue Book Latest Update Graded A+ The phrase definite duration refers to: An estate for years A lease that automatically renews itself, in the absence of notice, is: A periodic tenancy A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 $66,666 A requirement of a valid deed is that the deed be: Signed by the grantor To locate buyers for other properties, a broker advert...

National Real Estate Exam Questions and Answers Graded A+ What type of legal description would a new residential developer most likely use? lot and block What would not be determined by a location survey? land use The heirs of an estate are selling their deceased father's home. They remove a bedroom set, an organ bench that matches a built-in organ, a television, and various famous paintings. What would be considered real property? the organ bench What best describes personal ...

National Real Estate Exam Vocab 100% Correct Appurtenance rights, privileges or improvements that belong to and pass with the land. Improvements Man's additions to the land such as buildings and landscaping. Chattel Personal property, personalty Bill of Sale A document used to transfer ownership of personal property. Fixture An item that was personal property; however, it is attached in such a way that it has became real property. Never freestanding. Annexation Put it toge...

National Real Estate Exam Questions and Answers Already Graded A Which of the following constitute an estate (tenancy) for years? A month-to-month lease. A tenancy at sufferance. A lease that is set to last six months. A tenancy at will. 67. A federal law that regulates t 1. Which method of legal description uses point of beginning, direction and distance? Metes and bounds. Lot and block. Government rectangular survey. Recorded plat. Metes and bounds. A borrower's right to sto...

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...