Leases Study guides, Class notes & Summaries

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IAAO 101 - Review Questions and Answers 2023
  • IAAO 101 - Review Questions and Answers 2023

  • Exam (elaborations) • 10 pages • 2023
  • The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery listing valuation The taxable location of personal property is referred to as its __________. - Answer- situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal A jurisdiction's...
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FREC Practice Test Questions & Answers 2023/2024
  • FREC Practice Test Questions & Answers 2023/2024

  • Exam (elaborations) • 23 pages • 2023
  • FREC Practice Test Questions & Answers 2023/2024 1. Which of the following statements is true regarding a mortgage loan originator (MLO)? a. A mortgage loan originator is the same as a mortgage broker. b. A mortgage loan originator must have a separate license. c. A mortgage loan originator makes loans. d. A mortgage loan originator must have a real estate license. - ANSWER-B 2. A real estate appraiser's fee for professional service is based on which of the following? a. A percentage...
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AAAE CM Module 1 answers 100% correct 2023
  • AAAE CM Module 1 answers 100% correct 2023

  • Exam (elaborations) • 17 pages • 2023
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  • This act created commercial aviation in the US - correct answer Air mail act Large hub - correct answer Airport type that accounts for more than 70% of annual passenger enplanements Joint use - correct answer Airport owned by the department of defense but leases space to civil entity to conduct civilian activity SASO - correct answer Aeronautical tenant that does not sell fuel nor conduct airline operations is considered to be this How many operations must a general aviation reliever...
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Maine Real Estate questions with correct answers
  • Maine Real Estate questions with correct answers

  • Exam (elaborations) • 10 pages • 2023
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  • The maximum security deposit a landlord may take on is CORRECT ANSWER Up to two months rent Which real estate player estimates the value of real property? CORRECT ANSWER Appraiser When doing a CMA (Comparative Market Analysis) a licensee must reconcile the adjusted prices of the comparable. This means: CORRECT ANSWER Exercising professional judgement to find a final estimate of value An owner-occupied three-family property is being sold. There are tenants in two of the units. The Purcha...
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PA Exam 3 with 100% Correct Answers 2023
  • PA Exam 3 with 100% Correct Answers 2023

  • Exam (elaborations) • 10 pages • 2023
  • PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...
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Wisconsin Real Estate Exam  2023 with 100% correct answers
  • Wisconsin Real Estate Exam 2023 with 100% correct answers

  • Exam (elaborations) • 23 pages • 2023
  • A seller signs listing contract with firm. Who is the agent who is the principal? - correct answerSeller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how do you describe the buyer? - correct answerCustomer What kind of agency is the firm practicing if they represent just one party in a transaction? - correct answerSingle Agency When can a firm engage in multiple representation? - correct a...
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NC Superior Real Estate School - Chapter 14/15 Questions and Answers
  • NC Superior Real Estate School - Chapter 14/15 Questions and Answers

  • Exam (elaborations) • 21 pages • 2024
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  • NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide Breach of Condition -Answer-Failure of landlord or tenant to perform his or her respective duties under the terms of the lease, thereby giving the other party grounds for terminating the lease agree...
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Colorado Real Estate Exam Preparation  Exam 3:  Questions & Answers: Updated Solution
  • Colorado Real Estate Exam Preparation Exam 3: Questions & Answers: Updated Solution

  • Exam (elaborations) • 10 pages • 2024
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  • If neither the management agreement with the owner nor the tenant's lease addresses who will hold the security deposits, they must be deposited in: (Ans- Account(s) separate from other money belonging to the broker Colorado Use Tax, a form of sales tax, is payable on the transfer of furniture, equipment, etc. Statute places the obligation to pay this tax by the: (Ans- Buyer Select the correct statement about a lease in Colorado: (Ans- All residential leases have an implied warrant of ha...
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LEGL2700 Matt Roessing Test 3 Questions and Answers
  • LEGL2700 Matt Roessing Test 3 Questions and Answers

  • Exam (elaborations) • 23 pages • 2023
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  • LEGL2700 Matt Roessing Test 3 Questions and Answers property - Correct ️️ the legal right to exclude others from resources that are originally possessed or are acquired without force, theft, or fraud private property - Correct ️️ a system of law under which the state recognizes and enforces an individual's rights to acquire, possess, use, and transfer scarce resources capital formation - Correct ️️ quality of resources that produces new or different resources mortgage - Correc...
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IAAO 102 EXAM QUESTIONS AND ANSWERS
  • IAAO 102 EXAM QUESTIONS AND ANSWERS

  • Exam (elaborations) • 5 pages • 2023
  • List five sources of rental income data: - Answer- 1. Commercial property managers 2. Tenants of comparable properties 3. Real estate brokers and sales people 4. Sellers and purchasers of comparable properties 5. Public records Another name for market rent is___________rent. - Answer- economic In addition to sales and leases, _________ and ___________ can be a valid source of market information, if care is exercised. - Answer- offers listings 4. A lease that provides for one or mo...
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