Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM PRACTICE TEST WITH CORRECT SOLUTIONS In most cases, broker compensation, as a percentage of home price, falls somewhere between: A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? What happens to trade fixtures after a business moves out of a leased property? Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify for a conforming loan (total debt servi...

National Real Estate Exam Practice Questions and complete Answers 100% A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and ...

National Real Estate Exam Prep Test with complete solutions Unilateral Contract Bilateral Contract Client/Principal Customer In-Company Transaction Management-Level License Statute of Frauds requires the following: Novation If the original party to an agreement is replaced due to novation, are they liable? Mailbox Rule Grantor is the Grantee is the Optionor is the Optionee is the Lessor is the Lessee is the

PSI National Exam for Real Estate Test with complete solutions A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called Antitrust laws prohibit competing brokers from all of the following When a sewer line is installed down a rural road, the cost will probably be shared by State laws differ on whether a buyer is entitled to know about A lawsuit for inverse condemnation may be brought by When is racial discrimination in the rental of rooms or apart...

Question 1 1 out of 1 points This is used when a conservative approach is desired and an expected cell frequency is less than 5 in a 2X2 table. Selected Answer: Fisher's exact test Answers: Fisher's exact test Cramer's V Yates' correction Regression  Question 2 1 out of 1 points When examining the relationship between a nominal variable and an interval or ratio variable, you would create a table using the nominal variables, calculate the mode and median of the interval o...

Question 1 1 out of 1 points This is used when a conservative approach is desired and an expected cell frequency is less than 5 in a 2X2 table. Selected Answer: Fisher's exact test Answers: Fisher's exact test Cramer's V Yates' correction Regression  Question 2 1 out of 1 points When examining the relationship between a nominal variable and an interval or ratio variable, you would create a table using the nominal variables, calculate the mode and median of the interval o...

NC Real Estate Exam Practice with all solutions complete Real Property Personal Property/Personalty Test of Personal versus Real Property Land Broker working with a prospective buyer as a listing agent owes which to the following to the prospective buyer? A. Honesty, fairness, and confidentiality C. Skill, care, diligence D. Disclosure of material facts, loyalty, accountability Which is the following is true about designated agency in North Carolina? B. A BIC can assign an...

Florida Real Estate Exam Questions with complete solutions Owners that buy income properties as investments and depend on professionals to manage them a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal... A contractor is employed by an owner of land to build on that land to the owner's specifications When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed A develope...

National - Real Estate Exam Practice Questions (Set One) with all solutions complete Which of the following is a lien on real estate? a. recorded easement c. encroachment d. dead restriction Which approach to value would MOST likely be useful to real estate brokers estimating the value of a single-family residence for sale in a subdivision? a. cost approach b. income approach d. gross rent multiplier A license is an example of? a. easement c. condemnation d. police power ...

Real Estate Final Exam (150 Questions ) #1 test all solutions complete A real estate licensee has a buyer agency agreement. What is the seller in this situation?. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? When can a landlord evict a disabled blind or disabled tenant from the premises? 4. Broker Carr, with ABC Real Estate Company, listed the property with a seller. Brok...