Real Estate Express
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Triple Net Lease - correct answero A type of lease when the tenant pays for the taxes, insurance, maintenance and repairs is called what? 
 
Lease Purchase - correct answer(Lease to buy) Person renting may be obligated to purchase after lease expires 
 
Lease Option - correct answer(Lease to buy) Person renting is under no obligation to purchase after lease expires 
 
Graduated Lease - correct answerWhich kind of lease increases at specified intervals? 
 
Net lease - correct answerWhen a tenant ...
Which agency in Illinois has responsibility for licensing schools and instructors? 
Training and Development Department 
Division of Real Estate 
Standards Council 
Advanced Advisory Council - correct answerDivision of Real Estate 
 
Which of the following is NOT an activity included in the definition of Broker? 
Sells, exchanges, purchases, rents, or leases real estate. 
Negotiates the sale, exchange, purchase, rental, or leasing of real estate. 
Holds a non-public open house. 
Engages in the b...
local government - correct answerProperty taxes are governed by 
 
Property values - correct answerIs/are the key indicator of the health of the nation 
 
House led & House Fed - correct answerIt is frequently written that American economy is 
 
Are real Estate business is done under the authority of a real estate broker - correct answerTrue 
 
A Real Estate Broker - correct answerWhich would not usually be a source of financing in real estate 
 
The Legal description of a property is - correct ...
Which of the following is exempt from the Natural Hazards Disclosure? - correct answer 
 
Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's accepted. There's only one problem: They haven't even put their home on the market. Which type of loan gives Karen and Jay their best option of paying two mortgages until their current home sells? - ...
Essential element of a contract, something of legal value - correct answerconsideration 
 
Seller has the right to hire any number of brokers - correct answeropen listing 
 
Nevada real estate commission must hold a minimum of how many meetings per year - correct answertwo 
 
Water rights pertaining to lakes/oceans - correct answerlittoral 
 
Burdens or limits to title of property - correct answerencumbrance 
 
Real estate advertisement can only use "team or group" when - correct answerdoesn'...
How does subdividing differ from real estate development? - correct answerA developer constructs improvements to the land; a subdivider separates it into smaller units. 
 
If a licensee acts as an independent contractor, then - correct answerhe controls his own working hours. 
 
When two or more parties are bound to act as described in the contract, this is referred to as a: - correct answerbilateral contract 
 
A type of value estimate approach, in which value equals the estimated land value pl...
At least that goes month to month is known as - correct answeran state from period to period 
 
Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - correct answer$225 
 1st you take $30000 in multiply it by 9% for the total annual interest paid or $2700. Divide that by 12 months for the total of $225 per month entries payment 
 
Typically a listing broker is usually considered to be? - corre...
Advisory service provider - correct answerBroker works on projects in exchange for a fee salary or retainer. Comps, database search, prospect screening, site analysis. 
 
Real estate activities - correct answerCreate, improve, manage, maintain, demolished, on, regulate, transfer real properties 
 
Forms of specialization - correct answerBuy property type, geography, type of transaction, type of client, form of business, form of client relationship 
 
Professional organizations - correct answerPr...
A violation of a Commission rule is 
 
-subject to a reprimand for an initial offense. 
also considered a civil offense and subject to similar disciplinary action. 
-considered breaking the law and requires a hearing before the judicial board. 
-considered the same as violating the license law itself. - correct answerconsidered the same as violating the license law itself. 
 
In the event of a Commission vacancy 
 
-the governor appoints a new member. 
-the remaining members elect a replacement ...
Is it permissible to advertise real estate associated services or products in California without a California real estate license? - correct answerYes, as long as the products or services do not include any actions for which a California real estate license is required. 
 
Which regulation or section(s) apply to the use of the Internet for advertising in California? - correct answerCommission's Regulation 2770-- sets forth regulations regarding both advertising and doing real estate business ov...