Pearson Vue

Pearson VUE Real Estate Exam Glossary Page 1 & 2 100% Location The best retail location within a community. 100% Office Office where salespersons pay a regular fee to the broker but receive 100& of the commissions they earn. Abandonment Voluntarily giving up possession of property or a claim or right. Abatement A legal action to stop a nuisance. Also can be a reduction of a property tax assessment. Absorption Rate The rate at which new or vacant space (such as office space) will beco...

Pearson Vue Exam Questions and Correct Answers Real property interests include... an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns the property D...

Real Estate final exam practice (Pearson VUE) Questions And Correct Answers fee simple most complete form of property ownership. also called fee absolute and indefeasible fee estate. owner may do what they want with property 1. In order for a tenant to claim relief for constructive eviction: the landlord must have intentionally withheld required repairs or maintenance A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's owners...

pearson vue practice exam, Multiple Choice Questions And Correct Answers 100% Correct. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker a. included in the listing agreement ...

NATIONAL PEARSON VUE REAL ESTATE EXAM PREP WORKBOOK TRUE OR FALSE - Economic obsolescence results from an inharmonious land use in a neighborhood. The statement is true. An obsolescence typically means there is a negative effect on a property that may or may not be curable. The economic obsolescence results in a negative value effect to a property due to something outside the property lines (e.g., a shopping center on the other side of the subdivision retaining wall without a buffer zone)...

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for...

Pearson Vue Real Estate Glossary, With Correct Answers Abandonment Voluntarily giving up possession property or claim right Abatement A legal action to stop a nuisance. Also can be a reduction of a property tax assesment Abstract A history of every recorder document dealing with a property - used to determine marketable title abstractive method A means of obtaining land valu by deduction the value of the property from the total property value Abstract of Judgement A condensation of a...

(Summary) Pearson Vue Real Estate Utah,Over 500 Questions And Correct Answers. Complete Verified Solution Errors and Omissions (E&O) Insurance Protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions Puffing extravagant claims made by sellers in order to attract buyers Due on sale clause a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the sale of the property for whic...

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...

Pearson Vue National exam prep Real Estate, Questions And Correct Answers With Complete Verified Solutions Appurtenance including rights, privileges, and fixture Fixtures items attached to improvements with the intent to become real estate. Evident by the following: attachment/annexation, adaptation, or agreement. Transfer via a deed UNLESS they contract excludes them Emblements (crops) are exceptions. Trade fixtures are also exceptions Land and all appurtenances transfer via de...