Core Exam Prep 3 Real Estate

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| By Slynch1783

Slynch1783

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Quizzes Created: 3 | Total Attempts: 828

Questions: 150 | Attempts: 292 | Updated: Mar 21, 2023

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Current Version
Mar 21, 2023

Quiz Edited by
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Dec 06, 2011

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Core Exam Prep 3 Real Estate

Which of the following is easement for non-use?

Which of the following would be considered a real property?

A real estate broker may have difficulty with personal property because its ownership rights and identification. This is because personal property can:

Alienation is the opposite of:

A deposit to purchase real estate is held by escrow. In case of a conflict as specified in the purchase agreement. When is the escrow allowed to disburse the deposit?

When an owner acquires land with riparian rights, such rights:

The agent’s commission for negotiating a real property lease is fixed by:

When rent is computed on the gross sales of a business, the lease is correctly termed:

Which of the following is easement for non-use?

The rights or power to sell property in the event of a default under the terms of the trust deed is given by:

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

Which of the following indicators would best define the purchasing power of the U.S. dollar?

Conversation about a real estate finance that includes a reference to “warehousing” activity would probably be referring to:

Lenders sometimes require borrowers to deposit amounts with the monthly mortgage payments to cover some costs related to the property. Which of the following would not be included in such impounds?

The assessment roll for real property taxes is the listing of all taxable properties in the assessor’s jurisdiction with the assigned assessed value for the properties. The purpose of the assessment roll is for:

Reserves or impounds of all of the following are recurring costs by a lender, except:

Which of the following persons would usually be in the weakest position against loss of property due to a claim of title by an outside person?

Valuable, adequate, and good sufficient means:

Dual Agency is legal if:

Which of the following is most nearly correct concerning buyer’s agency?

If a broker is an agent of the seller, he owes to the buyer:

A real estate agent may legally represent all principals in the same transaction if:

If a seller of real property inquired to his broker concerning the ethnic background of a prospective buyer, the broker:

When a seller makes a counter offer:

If a broker receives a personal check made payable to an independent escrow company from a buyer as a deposit on the purchase price, the broker:

Since Harris did not have the necessary $285,000 cash to purchase 300 acres of land for future subdivision, Nishimoto agreed to purchase the land and enter into a conditional installment sale contract with Harris, selling him the land for $298,000. Assuming only the above, this is a:

Attorney in fact is:

An executed contract is a contract:

In which of the following transactions is the agent required to disclose his or her agency relationship?

Mr. Wilson made an offer to purchase real property. However, she died of a heart attack before the listing broker could notify her of an unqualified, signed acceptance by the seller. Based on these facts, which of the following is true?

A real estate licensee acts as:

A flood hazard report is required as part of filing for a subdivision public report. If a flood hazard exists, the degree of hazard must be reported. The degrees of flood hazard are:

Ross, who owns a commercial building, enters into a seven-year lease with Roberts for the property. In your opinion, Robert’s lease is:

Which of the following is real property?

Inflationary trends in the housing market affect:

Which of the following items might be short-rated by the escrow holder?

Alienation expresses a meaning most completely opposite to:

Which of the following is acceptable response to sellers who have indicated their home is not to be shown to sales of prospects who are members of the ethnic minority group?

The holder of an easement that is not attached to any lands owned by the easement holder has:

When a real estate broker negotiates the sale of used mobile home, it is the broker’s responsibility to give written notice of transfer to the Department of Housing and Community Development within:

The maximum amount of a broker’s personal funds that may keep in his or her trust account without being guilty of commingling is:

When a licensee acts as an agent without authority or color of authority and the acts are later approved by the principal, an agency has been created by:

Bank lends 80% of appraised value with interest rate at 11%. First year interest was $7,040. What was the appraised value?