Kansas Real Estate

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Examen

Kansas Real Estate Test 2023-2024 Questions with Complete Solutions(RATED A )
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8

agosto 2023

2023/2024

A
In deciding on whether to make a residential home loan, a lender would normally consider the borrower's - ANSWER-debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What was the amount for the discount points? - ANSWER-$1,600 A buyer is inquiring as to what the principal and interest payment will be on a property that is being purchased. Where would be the best place for the buyer to obtain thi...
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Examen

Kansas Principles of Real Estate Exam 2023 with 100% correct answers
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7

agosto 2023

2023/2024

A+
Kansas Association of Realtors KAR - correct answerprofessional trade association that provides a wide variety of programs and services Kansas Real Estate Commission KREC - correct answergoverns real estate licenses and how they are earned and maintained. approval of schools Not required to have a license - correct answerbuying or selling your own property, authorized by a court, working for the government, your an attorney, you are power of attorney and not paid, an employee who owns at l...
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Examen

KS Real Estate License Exam 2023 with 100% correct answers
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9

agosto 2023

2023/2024

A+
A broker listed a residential property for 180 days. After the listing expired, the seller asked the broker to rent it out. Which of the following statements BEST describes the broker's obligations? - correct answerThe broker could hire an unlicensed person to rent the property. A licensed Florida broker is doing seminars on Florida property at dinners in various places in Kansas. Some people have asked her if they can purchase the properties. Which is true regarding her need for a Kansas li...
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Examen

Kansas salesperson real estate exam 2023 with 100% correct answers
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22

agosto 2023

2023/2024

A+
acceleration clause - correct answera clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. the most common reason for accelerating a loan are if the borrower defaults on the loan or transfers title to another individual without informing the lender. adjustable-rate mortgage - correct answera mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. all ARMs are tied to indexes. ...
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Examen

KS Real Estate practice exam 2023 with 100% correct answers
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13

agosto 2023

2023/2024

A+
Question: Rights to minerals beneath the land: - correct answerAnswer: Pass to a grantee unless specified otherwise. Question: Which document would be used to transfer ownership of a free standing appliance? - correct answerAnswer: Bill of Sale. Question: A real estate transaction closed with personal property included as part of the sale at closing in addition to deed. What document would be needed? - correct answerAnswer: A Bill of Sale. Question: A commercial tenant's lease for a se...
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Examen

KS Real Estate Exam 2023 with 100% correct answers
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5

agosto 2023

2023/2024

A+
What duties are owed to the buyer when representing the seller? - correct answer1.) Disclose known material defects w/ the property or title 2.) Seller's agent has no o ligation to investigate the property for the buyer 3.) If seller's agent knows something was incorrect in an inspection the seller's agent has the duty to inform the buyer & seller 4.) IF licensee does investigate the property he/she must do so in a manner that is consistent w/ the knowledge, skills, and training of s...
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Examen

Kansas exam 2023 with 100% correct answers
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21

agosto 2023

2023/2024

A+
The Fair Housing Act prohibits discrimination against people based on whether they have a local fishing license the fact they have been convicted of a felony Their religion Their profession - correct answerTheir religion
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