Real Estate Exam One

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| By Slynch1783

Slynch1783

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Quizzes Created: 3 | Total Attempts: 750

Questions: 150 | Attempts: 247 | Updated: Mar 20, 2023

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Real Estate Exam One

Questions and Answers

Real Estate Exam One

A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantor's name is.

Which Contract would be the most difficult for a buyer to obtain financing?

When a broker runs an advertisement, the broker must disclose:

Following in-house sales are true, except:

The Federal Housing Administration (FHA) was created primarily:

Which of the following loans on a home would probably be made without requiring a down payment from the borrower?

A person who wishes to purchase a home using the Cal-Vet program would send his application to:

The item that would appear on the debit side of a buyer's closing statement would be:

When dealing with the public, a broker may not:

Which of the following is the reason that a real estate agent must keep his principal informed of material facts concerning a pending real estate transaction?

A buyer relied upon the fraudulent statement of the seller's agent and was damaged. The seller was unaware of the agents's false statement, and he tried to enforce the agreement. The buyer:

Lenders know that the lower the loan-to-value ratio, the higher the:

An offer to purchase a real estate could be terminated in all of the following ways, except:

In which of the following contract will apply if one of the parties agrees not to revoke an offer for a certain period of time:

For Federal Income Tax purpose, the capital expenditures for improvements are:

A property sold for $150,000 in a county which had established a documentary transfer tax rate of $.55 for each $500. Of the purchase price of $150,000, only $125,000 was subjected to tax. Which of the following is nearest to the tax amount that would have to be paid?

Leland uses an 8% capitalization rate for a 40-unit apartment building that generates $174,000 net income. Which of the following is the most appropriate value of this property?

A salesman was to receive a 45% share of a 6% gross commission. He received $8,100. The property was sold for:

Two brokers agreed to split a 4 1/2 % commission on a 50-50 basis on the sale of a property for $162,500. The listing salesperson agreed to a 50-50 split with his employing broker. What would be the commission amount for the listing salesperson?

Buyer Parker paid $4.40 per square foot to purchase a 20,000 square foot lot. If the parcel is in rectangular shape and 200 feet deep, the approximate cost per front foot would be:

A deed:

Of the following types of deeds, which one would contain no warranties and expressed or implied:

An easement could be created for what length of time:

Land that is subject to an easement is said to be:

The provision of the Subdivision Map Act is enforced by the:

Walker hired a construction company to install a swimming pool on their residential premises. In the event of the construction company was unpaid and it was necessary for them to file a lien for the payment of construction, the encumbrance created would be:

If no notice of non completion is recorded on an improvement project, anyone can record a mechanics lien within:

When comparing condominiums and rented apartments, which of the following is true?

In order to operate a competitve, yet profitable business, a real estate broker needs to be concerned with "desk cost." Which of the following most nearly represents the correct way to calculate the desk cost?

Local government laws for the regulation and control of land-use include which of the following?

A high price, high quality home surrounded by lower price, lower quality properties will suffer loss in value due to:

Which of the following is acceptable response for the agent to seller who has indicated their home is not to be shown to sales of prospects who are memebers of the ethnic minority group?

Which of the following staements is most nearly true concerning the activities of mortgage companies?

The mortgage insurance on a FHA loan:

The purpose of the Truth-in-Lending Act is to:

Half a mile by half a mile represents how many acres?

The appraisal of an income-producing property is made with an as of "given date" to indicate:

Morrison recieves a net income of $675 per month at an annual return rate of 7 1/2%. Morrison's Investment amounted to:

Which of the following is least correct about in-house sales?

The hardest and yet the most important part in the market data method of appraising is:

When the governmenatal body takes a private real property necessary for public use, the certain legal processes must be followed. Takin a real property such as above is exercising the right of:

A title company could make a title search by searching the records of the:

When making a loan, amortization tables are used in order to determine the:

Broker Smith took a listing on commercial acreage and also received the right to purchase the property within 30 days. On the 28th day of the listing, the broker decided to buy the property. Before buying the property, he must: