Pearson VUE| 80 practice test Questions And Answers|23 Pages

c. Bill of sale - ️️1A buyer purchases a furnished condominimum apartment as an investment. The document that evidences the buyer's ownership of the furniture is a a. Special warranty deed b. Homeowner's insurance policy c. Bill of sale d. Buyers inventory d. Accrued depreciation - ️️Using the cost approach, an f calculates the current new replacement cost of a 15 year old structure. The next factor the appraiser will consider n completing this approach is: a. Land value b. Capitalization rate c. Net operating income d. Accrued depreciation c. 14320 - ️️A buyer purchases a home for $55,000 and gets a commitment from a lender for an 80% loan. The lender has advised the buyer that 3 discount points will be charged. If additional closing costs are $2,000, how much total cash MUST the buyer have at closing? a. 1300 b. 13200 c. 14320 d. 15650 c. Always prohibited - ️️Any referral of a settlement service provider for compensation is a. Only allowed on federally funded transaction b. Allowed when fully disclosed c. Always prohibited d. Only prohibited on federally funded transaction