- Study guides, Class notes & Summaries

Real Estate Practice Exam Questions With verified solutions 1. Brokerage definition... - ANSthe business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - ANSschools and cemetary 3. What is an example of functional obsolescence? - ANSbathroom 4. Principal definition... - ANSa consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization defi...

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7 pages

Written in 2023/2024

Grade A+

Brainbarter

Real Estate Practice Exam Questions & Answers 2024 1. Brokerage definition... - ANSWER-the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - ANSWER-schools and cemetary 3. What is an example of functional obsolescence? - ANSWER-bathroom 4. Principal definition... - ANSWER-a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capi...

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8 pages

Written in 2023/2024

Grade A+

Bensuda

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score.California: Real Estate Principles Practice Exam 1 questions and answers latest top score.MN Course 1 Exam Prep: Licensing, Agency, and Contracts questions and answers latest top score.NYS Real Estate Practice Exam questions and answers 100% guaranteed success.

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13 items

Lectsadh

Real Estate Practice Exam Questions 2023 1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... the process of determining...

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5 pages

Written in 2023/2024

Grade A+

Topscorer1

Real Estate Practice Exam Questions with complete solutions. 1. Brokerage definition... - correct business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - correct ls and cemetary 3. What is an example of functional obsolescence? - correct oom 4. Principal definition... - correct answers.a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed ...

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6 pages

Written in 2023/2024

Grade A+

Lectsadh

Real property can be converted to personal property by severance Federal Truth-in-Lending laws are also known as Regulation Z A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before December 31st. This is called: an option contract

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3 pages

Written in 2023/2024

Grade A+

UndisputedPundit28

Personal Property Movable objects (chattels) that do not fit into the definition of real property; conveyed by bill of sale. Fixture An item of personal property that has been converted to real property by being permanently affixed to the land or building. Can be either attached or annexed. Metes and Bounds To locate a property boundary requires two permanent reference markers; The boundary is measured from a specific point of beginning and proceeds around the boundaries using reference...

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16 pages

Written in 2023/2024

Grade A+

StudyLoom01

A licensee who has passed the broker's state examination, but desires to continue to operate under an owner-employer, will be a what under the law? Broker If a home owner was hoping to purchase a second home, but did not have plans to sell their primary residence necessarily, which of the following financing options would work best? Equity Loan

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13 pages

Written in 2023/2024

Grade A+

DrJon

Which of the following is not a purpose of the land division act? - Answer- So that the price of the sold lots would not inflate beyond the cpi. Purpose DOES include so that the size of the divided parcels of land will not be too large to be served with enough streets, roads, and adequate drainage and sewers; So that when the land is bought and sold, people could accurately and upon the proper service, tell the boundaries of their land and be able to use accurate legal description; so that the l...

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4 pages

Written in 2023/2024

Grade A+

Greaterheights

1. Brokerage definition... - Answer- the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer- schools and cemetary 3. What is an example of functional obsolescence? - Answer- bathroom 4. Principal definition... - Answer- a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... - Answer- the process of de...

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6 pages

Written in 2023/2024

Grade A+

Greaterheights

Real Estate Practice Exam Questions With Answers Graded A+...

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6 pages

Written in 2022/2023

Grade A+

Easton

An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? correct answers The ad is in violation of the license law sin...

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9 pages

Written in 2022/2023

Grade A+

SirAnton

New Jersey Real Estate Practice Exam with Verified Questions and Answers 2023

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25 pages

Written in 2022/2023

Grade A+

mynorcharles

Real Estate Practice Exam Questions and answer rated A+ and accurate 20231. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Cap...

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6 pages

Written in 2022/2023

Grade A+

Academia199

Real Estate Practice Exam Questions and Answers Graded A 2022/2023

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8 pages

Written in 2022/2023

Estudyr

1. Brokerage definition... - Answer - the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer - schools and cemetary 3. What is an example of functional obsolescence? - Answer - bathroom 4. Principal definition... - Answer - a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... - Answer - the process ...

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6 pages

Written in 2022/2023

Grade A+

Greaterheights

1. Brokerage definition... - Answer - the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - Answer - schools and cemetary 3. What is an example of functional obsolescence? - Answer - bathroom 4. Principal definition... - Answer - a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... - Answer - the process ...

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6 pages

Written in 2022/2023

Grade A+

Greaterheights