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Texas Promulgated Contracts Champions Exam Study Guide with Questions and Answers
Texas Promulgated Contracts Champions Exam Study Guide with Questions and Answers The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Execut...
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Texas Promulgated Contracts Champions Exam Study Guide with Questions and Answers The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Execut...
Principles of Real Estate 2 Test Review with Complete Solutions
Principles of Real Estate 2 Test Review with Complete Solutions The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as: a. discount points b. an origination fee c. a mortgage insurance premium d. private mortgage insurance ANSWER b. an origination fee Zoning is enforced by: a. building permits b. building codes c. building inspectors d. all the above ANSWER d. all the above Land plus new construction cost min...
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Principles of Real Estate 2 Test Review with Complete Solutions The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as: a. discount points b. an origination fee c. a mortgage insurance premium d. private mortgage insurance ANSWER b. an origination fee Zoning is enforced by: a. building permits b. building codes c. building inspectors d. all the above ANSWER d. all the above Land plus new construction cost min...
Principles of Real Estate 2 Exam 3 Study Guide with Complete Solutions
Principles of Real Estate 2 Exam 3 Study Guide with Complete Solutions Math calculation – interest ANSWER Simple Interest = Interest Rate (%) × Principal Compound Interest = Amount = P(1+(r/n))^nt Terminology associated with the real estate transaction including closing, funding, servicing, origination, and consummation ANSWER Closing: The closing of a real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage loan are disbursed by t...
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Principles of Real Estate 2 Exam 3 Study Guide with Complete Solutions Math calculation – interest ANSWER Simple Interest = Interest Rate (%) × Principal Compound Interest = Amount = P(1+(r/n))^nt Terminology associated with the real estate transaction including closing, funding, servicing, origination, and consummation ANSWER Closing: The closing of a real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage loan are disbursed by t...
Texas Principles of Real Estate 2 Exam Study Pool with Questions and Answers
Texas Principles of Real Estate 2 Exam Study Pool with Questions and Answers Which of the following is an area of a real estate brokers job that requires mathematics A. Commissions from Property Sales B. Mortgage interest C. All of these are correct D. Property Taxes ANSWER All of the following If the base side of the triangular play measures 45' and the height line measures 12' what is the area of the plot in square feet? ([bxh]x1/2=a) A. 540 square ft B. 1034 square ft ...
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Texas Principles of Real Estate 2 Exam Study Pool with Questions and Answers Which of the following is an area of a real estate brokers job that requires mathematics A. Commissions from Property Sales B. Mortgage interest C. All of these are correct D. Property Taxes ANSWER All of the following If the base side of the triangular play measures 45' and the height line measures 12' what is the area of the plot in square feet? ([bxh]x1/2=a) A. 540 square ft B. 1034 square ft ...
Principles of Real Estate I 121 Exam with Complete Solutions
Principles of Real Estate I 121 Exam with Complete Solutions Commercial brokers must be aware of the following EXCEPT: A. Growth possibilities B. Income tax regulations C. Purchasing arrangements D. Residential building codes ANSWER D. Residential building codes The largest number of real estate transactions closed in Texas are from: A. The sale of business buildings B. The sale of residential homes C. The sale of farms and ranches D. The sale of individual vacant lots in a cit...
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Principles of Real Estate I 121 Exam with Complete Solutions Commercial brokers must be aware of the following EXCEPT: A. Growth possibilities B. Income tax regulations C. Purchasing arrangements D. Residential building codes ANSWER D. Residential building codes The largest number of real estate transactions closed in Texas are from: A. The sale of business buildings B. The sale of residential homes C. The sale of farms and ranches D. The sale of individual vacant lots in a cit...
Texas Principles of Real Estate 2 Exam Set 2 with Complete Solutions
Texas Principles of Real Estate 2 Exam Set 2 with Complete Solutions The approach used as the best indicator of value for existing properties. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolescence ANSWER B Refers to the loss in desirability of the style, layout, or function of an element of a property over time. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolesce...
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Texas Principles of Real Estate 2 Exam Set 2 with Complete Solutions The approach used as the best indicator of value for existing properties. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolescence ANSWER B Refers to the loss in desirability of the style, layout, or function of an element of a property over time. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolesce...
Texas Principles of Real Estate II Exam Set 1 with Questions and Answers
Texas Principles of Real Estate II Exam Set 1 with Questions and Answers 1 What ratio is calculated based on all of the monthly obligations the borrower has outstanding a payment ratio b loan ratio c mortgage ratio d debt ratio ANSWER d debt ratio 1 If a broker sells a property for 450,000 and makes 36,000 what is the rate of commission? a 7% b 6% c 8% d -9% ANSWER c 8% 36,000 / 450000 = 0.08 or 8% 1 common closing items such as taxes, utilities, mortgage inte...
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Texas Principles of Real Estate II Exam Set 1 with Questions and Answers 1 What ratio is calculated based on all of the monthly obligations the borrower has outstanding a payment ratio b loan ratio c mortgage ratio d debt ratio ANSWER d debt ratio 1 If a broker sells a property for 450,000 and makes 36,000 what is the rate of commission? a 7% b 6% c 8% d -9% ANSWER c 8% 36,000 / 450000 = 0.08 or 8% 1 common closing items such as taxes, utilities, mortgage inte...
Texas Pre-License Principles of Real Estate II Exam 2 with Complete Solutions
Texas Pre-License Principles of Real Estate II Exam 2 with Complete Solutions A deposit is made by a buyer to a seller in order to show the buyer's good faith in the transaction. Upon closing, the buyer receives a credit for this prepaid deposit. What is this deposit known as? A. commission allocation B. earnest money C. escrow insurance D. mortgage insurance ANSWER Earnest Money Which of the following is NOT one of the economic principles of value? A. Principle of regression ...
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Texas Pre-License Principles of Real Estate II Exam 2 with Complete Solutions A deposit is made by a buyer to a seller in order to show the buyer's good faith in the transaction. Upon closing, the buyer receives a credit for this prepaid deposit. What is this deposit known as? A. commission allocation B. earnest money C. escrow insurance D. mortgage insurance ANSWER Earnest Money Which of the following is NOT one of the economic principles of value? A. Principle of regression ...
Principles of Real Estate II Exam 1 Prep with Complete Solutions
Principles of Real Estate II Exam 1 Prep with Complete Solutions Written documents affecting title to real estate are recorded: A. Where the titleholder resides B. Where the titleholder has legal residence C. At the county clerk's office where the property is located D. At any county clerk's office in Texas ANSWER C. At the county clerk's office where the property is located (Each county in Texas has a county clerk's office and all documents pertaining to property in that cou...
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Principles of Real Estate II Exam 1 Prep with Complete Solutions Written documents affecting title to real estate are recorded: A. Where the titleholder resides B. Where the titleholder has legal residence C. At the county clerk's office where the property is located D. At any county clerk's office in Texas ANSWER C. At the county clerk's office where the property is located (Each county in Texas has a county clerk's office and all documents pertaining to property in that cou...
Texas Principles of Real Estate II Exam Prep with Questions and Answers
Texas Principles of Real Estate II Exam Prep with Questions and Answers Common closing items such as taxes, utilities, mortgage interest, and insurance are divided equally at closing between the buyer and seller. These items are being: a. negotiated b. sub-categorized c. withheld in escrow d. prorated tixck d. prorated Convert fractions to decimals when doing a real estate math problem by a. dividing the numerator by the denominator. b. multiplying the numerator by the denominator. ...
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Texas Principles of Real Estate II Exam Prep with Questions and Answers Common closing items such as taxes, utilities, mortgage interest, and insurance are divided equally at closing between the buyer and seller. These items are being: a. negotiated b. sub-categorized c. withheld in escrow d. prorated tixck d. prorated Convert fractions to decimals when doing a real estate math problem by a. dividing the numerator by the denominator. b. multiplying the numerator by the denominator. ...
Hondros 212 Exam 2 with Questions and Answers
Not nearly enough information for 10$ 37 questions with answers out of 70 with repeating information :/
ATI Fundamentals - Chapter 41 - Pain Management Questions and Answers
Radiography for Vet Tech Penn Foster Exam with Complete Solutions
ATI Mental Health Bipolar Disorder Exam with Questions and Answers
ATI Chapter 23: Medications for Bipolar Disorders Exam with Questions and Answers