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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024

Depreciation - ANSWER Real property ownersip has significant tax advantages. Which of the following is an advantage? The building department - ANSWER Which entity ensures that contractors perform their work according to code by inspecting their job sites? Salesperson - ANSWER Which type of real estate license requires a 60-hour licensing course as a condition of taking the licensing exam? Negligence - ANSWER Uh-oh. You failed to present an offer on behalf of your client in a timely mann...

CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024 ______ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age, transaction price, etc. Bracketing Bridging Substituting Surrounding - ANSWER - Bracketing The number of properties availab...

Ce shop Final Exam Questions and Answers 100% Correct 2024.

In Maryland, you could be fined up to $1,000 per solicitation if you use this method to advertise and a prior business relationship does not exist.Fax machineFlyersFor Sale signsTelephone correct answers Fax Machine Roth IRA and First Time Home Buyers correct answers REMEMBER THIS: First-time home buyers can access up to $10,000 of their Roth IRA accounts, penalty-free, under certain conditions, which includes the requirement that the account has been open for at least five years. Reside...

Lenders will require which type of fund for taxes and insurance? Balloon fund Emergency fund Mortgage fund Reserve fund correct answers Reserve fund Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the loan because he was able to arrange for a guarantee from ______. Farmer Mac The Farm Credit System The Farm Service Agency The Federal Agricultural...

What's a typical prepaid item that goes into a seller's credit column and a buyer's debit column on a closing statement? Broker fees Loan fees Property taxes Recording fees correct answers Property Taxes If a landlord wants to notify a tenant that the leased property is subject to a mortgage, what clause would be included in the lease? Mortgage clause Subjective clause Subordination clause Use clause correct answers Subordination clause Who of the following may customize standar...

Land, plus all things permanently attached to it naturally or artificially is correct answers Real estate The buildings associated with this type of real estate property are outfitted much differently than other types of office buildings because of their unique use. For example, plumbing and electrical are often much more substantial, and there is usually a need for reception and examination rooms correct answers Health care Which of the following is a residential dwelling and with shared ...

The Housing and Community Development Act of 1974 added which protected class to federal fair housing law? correct answers Sex When is a cease and desist order effective? correct answers Immediately upon issuance What's another name for an escrow account? correct answers trust account Which act was the first to prohibit any exceptions for discrimination based on race or color? correct answers Civil Rights Act of 1866 What's the best definition of real property? correct answers Real...

What is the maximum amount of time a protection or override clause can be in effect? correct answers Six Months Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? correct answers Highest and Best Use Which of the following statements is true about the listing presentation? It's best to leave out financial data (such as a CMA or comparable property information) and listing agreements, so the seller doesn't think you'r...

Jasmine has signed a lease that details what she can and can't do on the property. If she wants to refer back to her lease, where would she look for this information? correct answers The rules and regulations Which of the following statements about the secondary mortgage market is true? correct answers It makes loaning in the primary market possible by giving primary lenders a place to sell their loans. Which of the following can reimburse the buyer after the sale if a title issue arises?...

Which of the following statements about sub-agency in Maryland is true? correct answers It is legal in Maryland Jerome, a real estate licensee, works independently instead of under a sponsoring broker. This means that he is licensed as ________. correct answers broker In order to be enforceable, what does the Statute of Frauds require a real estate contract to be? correct answers in writing What agency enforces fair housing laws in Maryland? correct answers The Commission on Civil Right...