4/5/25, 8:32 AM Sarah Michelle FNP Practice Test | 40 COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS | 2025 LATEST UPDA…
Sarah Michelle FNP Practice Test | 40 COMPLETE
QUESTIONS WITH 100% RATED CORRECT ANSWERS |
2025 LATEST UPDATED | GET A+ |Michelle Earley Practice
Test
Terms in this set (33)
Which of the following Cost approach - special purpose
approaches to estimating
real property value would an
appraiser use to appraise a
courthouse?
A broker acquired a new The broker is entitled to a commission regardless of
customer and listed the the type of listing he had with the customer.
customer's property on the
MLS. The broker found a
prospective buyer for the
property but suddenly
became ill. The broker was
hospitalized for two months.
During the hospitalization of
the broker, the prospective
buyer purchased the
property. Which applies to
this situation?
A Florida broker is authorized to move the escrow
Which of the following is
account from a non-interest- bearing account to an
false concerning escrow
interest-bearing account provided he receives written
account?
authorization from one party to the transaction.
Market value is the most probable price a property should bring
Which of the following
in a competitive
statements concerning
and open market under all conditions, requisite to a fair
market value is true?
sale under certain guidelines published by Fannie Mae
and Freddie Mac.
1/5
, 4/5/25, 8:32 AM Sarah Michelle FNP Practice Test | 40 COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS | 2025 LATEST UPDA…
Which of the following is The Statute of Frauds requires that contracts
true regarding the Statute conveying an interest in real property and all contracts
of Frauds and the Statue of that are not performed within one year from the date
Limitations they become effective must be in writing and signed
to be enforceable.
Which statement is false A real estate licensee may be paid a fee for referring
concerning kickbacks buyers to a title company, provided the buyer is aware
of and agrees to the facts concerning the fee
Which of the following is an An encroachment. An easement means someone has rights to
example of an "implied" your property
easement?
Which statement about the Unpaid property taxes are a debit to the seller, credit to the
Closing Disclosure Form is buyer.
true
The comparable sales The principle of substitution
approach, often just called
the sales approach is a
direct
application of which principle?
VA loans A funding fee is paid
An unlicensed personal Deposit earnest money in the escrow account
assistant may perform
which activity?
What is the continuing Active licensees and inactive licensees are required to
education complete at least 14 hours of continuing education
requirement of a sales
during every two-year license period.
associate after the licensee
has completed the post-
licensing education
requirement during the
initial license period?
2/5
Sarah Michelle FNP Practice Test | 40 COMPLETE
QUESTIONS WITH 100% RATED CORRECT ANSWERS |
2025 LATEST UPDATED | GET A+ |Michelle Earley Practice
Test
Terms in this set (33)
Which of the following Cost approach - special purpose
approaches to estimating
real property value would an
appraiser use to appraise a
courthouse?
A broker acquired a new The broker is entitled to a commission regardless of
customer and listed the the type of listing he had with the customer.
customer's property on the
MLS. The broker found a
prospective buyer for the
property but suddenly
became ill. The broker was
hospitalized for two months.
During the hospitalization of
the broker, the prospective
buyer purchased the
property. Which applies to
this situation?
A Florida broker is authorized to move the escrow
Which of the following is
account from a non-interest- bearing account to an
false concerning escrow
interest-bearing account provided he receives written
account?
authorization from one party to the transaction.
Market value is the most probable price a property should bring
Which of the following
in a competitive
statements concerning
and open market under all conditions, requisite to a fair
market value is true?
sale under certain guidelines published by Fannie Mae
and Freddie Mac.
1/5
, 4/5/25, 8:32 AM Sarah Michelle FNP Practice Test | 40 COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS | 2025 LATEST UPDA…
Which of the following is The Statute of Frauds requires that contracts
true regarding the Statute conveying an interest in real property and all contracts
of Frauds and the Statue of that are not performed within one year from the date
Limitations they become effective must be in writing and signed
to be enforceable.
Which statement is false A real estate licensee may be paid a fee for referring
concerning kickbacks buyers to a title company, provided the buyer is aware
of and agrees to the facts concerning the fee
Which of the following is an An encroachment. An easement means someone has rights to
example of an "implied" your property
easement?
Which statement about the Unpaid property taxes are a debit to the seller, credit to the
Closing Disclosure Form is buyer.
true
The comparable sales The principle of substitution
approach, often just called
the sales approach is a
direct
application of which principle?
VA loans A funding fee is paid
An unlicensed personal Deposit earnest money in the escrow account
assistant may perform
which activity?
What is the continuing Active licensees and inactive licensees are required to
education complete at least 14 hours of continuing education
requirement of a sales
during every two-year license period.
associate after the licensee
has completed the post-
licensing education
requirement during the
initial license period?
2/5
