Sarah Michelle FNP Practice Test | ACTUAL COMPLETE 40
REAL EXAM QUESTIONS WITH 100% RATED CORRECT
ANSWERS | 2025 LATEST UPDATED | GET A+ |Michelle Earley
Practice Test
How do you find the capitalization rate of a property if you have
the net operating income and the value, (sales price) -
ANSWER-Net operating income divided by the value, (sales
price)
When individual parcels are released on a blanket mortgage
loan, what type of
clause is used - ANSWER-Partial release clause also called the
release clause
Which of the following statements is correct about the
components of an adjustable-rate mortgage - ANSWER-The
index and the margin are the two components of an adjustable-
rate mortgage, and the index is the economic indicator that
adjusts the rate.
Which of the following lists contain contracts that a licensed
broker is legally
, permitted to prepare - ANSWER-Listing contracts,
buyer brokerage
agreements, and option
contracts
Which of the following contains the right of survivorship -
ANSWER-Joint
tenancy and estate by the
entireties
Two friends have purchased a property and have decided to
build an apartment
complex on the property. What type of ownership would be most
advantageous
for the families of the friends in the event of the friends'
passing - ANSWER-
Tenancy in
common
Which of the following approaches to estimating real property
value would an appraiser use to appraise a courthouse? -
ANSWER-Cost approach - special
purpose
REAL EXAM QUESTIONS WITH 100% RATED CORRECT
ANSWERS | 2025 LATEST UPDATED | GET A+ |Michelle Earley
Practice Test
How do you find the capitalization rate of a property if you have
the net operating income and the value, (sales price) -
ANSWER-Net operating income divided by the value, (sales
price)
When individual parcels are released on a blanket mortgage
loan, what type of
clause is used - ANSWER-Partial release clause also called the
release clause
Which of the following statements is correct about the
components of an adjustable-rate mortgage - ANSWER-The
index and the margin are the two components of an adjustable-
rate mortgage, and the index is the economic indicator that
adjusts the rate.
Which of the following lists contain contracts that a licensed
broker is legally
, permitted to prepare - ANSWER-Listing contracts,
buyer brokerage
agreements, and option
contracts
Which of the following contains the right of survivorship -
ANSWER-Joint
tenancy and estate by the
entireties
Two friends have purchased a property and have decided to
build an apartment
complex on the property. What type of ownership would be most
advantageous
for the families of the friends in the event of the friends'
passing - ANSWER-
Tenancy in
common
Which of the following approaches to estimating real property
value would an appraiser use to appraise a courthouse? -
ANSWER-Cost approach - special
purpose
