Best Study Guide Exams Questions and Answers

REE 4204 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Related Persons Rule - Answer-If an installment sale is made to a related person who sells the property within a two-year period, the original seller must recognize the balance of the gain at the time the related person makes the sale. If the seller makes an installment sale to a related person who sells the property within two years, the original seller must recognize the full capital gain at the time of the original sale to the ...

REE4204 FINAL EXAM QUESTIONS WITH REVISED ANSWERS – UPDATED!! Which of the following ratios on the borrower is LEAST important in the underwriting process? - Answer-Current ratio or quick ratio The due-on-sale clause in a promissory note stipulates - Answer-The entire loan balance must be repaid when the property is sold Which of the following is FALSE concerning Mortgage-backed bonds (MBB)? - Answer- Maturity is not fixed at issuance Which of the following contribute to protecting...

REE CHAPTER 8 TEST QUESTIONS WITH REVISED ANSWERS When estimating the net operating income of a property, which of the following expenditures would be included? Multiple select question. Property taxes mortgage payments Hazard and fire insurance premiums federal income tax payments - Answer-Property taxes Hazard and fire insurance premiums The rental income an existing, stabilized property is expected to generate, after allowances for vacancies and collection losses, is called Multiple...

REE CH 8 TEST QUESTIONS WITH VERIFIED ANSWERS - UPDATED A tenancy by the entirety requires four unities to be created validly - Answer-False A tenancy by the entirety can be severed by either spouse - Answer-False Tenancy in partnership has the characteristic of survivorship like that found in a joint tenancy - Answer-True Joint tenants cannot make inter vivos conveyances - Answer-False In both tenancies in common and joint tenancies, all tenants have the right to exclusive use and po...

REE Ch. 8 Q'S TEST 2 QUESTIONS WITH ALL CORRECT ANSWERS What determines a landowner's water rights? - Depth of water - Size of the body of water - Movement of the water - Type of water - Answer-Movement of the water Three people have identical rights but unequal shares in a property, share an indivisible interest, and may sell or transfer their interest without consent of the others. What type of ownership is this? - Joint tenancy - Equal ownership - Tenancy in common - Estat...

REE Ch. 14 Q'S EXAMINATION QUESTIONS WITH REVISED ANSWERS Agency disclosure forms were first required for cooperatives in - 2008 - 2009 - 2010 - 2011 - Answer- An attorney review clause - tells all parties that the preprinted forms have been approved by an attorney - states that the contract is subject to the approval of each of the client's attorneys - allows for contract approval by a third party lawyer hired by the broker - states that a lawyer can rescind the contrac...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when leasing a property in an open and competitive market is termed: - Answer-Market Rent Income properties are purchased by investors who desire primarily to receive: - Answer- A. periodic income and appr...

REE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Answer-False - these periods come from long length of construction period and mortgage lenders' lending policies T or F: Rents reflect the price of space and sale prices reflect the value of assets and the right to collect rents - Answer-True T or F: 3 key trends that will affect commercial real estate markets are population growth, technology trends, and the changes anticipated in the ethnic composition of the population - Answe...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runoff from paving b. Traffic congestion c. Leap-frog development d. Inability to judge the quality of a structure, once built - Answer-Inability to judge the quality of a structure, once built Dev...