PREP AGENT

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. A) nonconforming use. Explanation: This is an example of "grandfa...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 wear and tear to the load-bearing members of a building would be classified as: a. Functional obsolescence curable B. Physical deterioration curable C. Functional obsolescence incurable D. Physical deterioration incurable D. Physical deterioration incurable physical damage to the load-bearing members of the building would be considered too expensive to repair granted exception to the rule variance cash or other proper...

Prep Agent Exam Questions With 100% Correct Answers Bundle of rights DEEP C Real Property immovable Personal Property movable Chattel Real Moveable - cows moveeee personal property fixture (Maria) Method, Adaptability, Relationship, Intention, Agreement. Trade fixture Business dentist chair riparian rights rivers and streams moving body of water littoral rights Lakes, Oceans, large bodies of water freehold estate own indefinitely fee simple ...

Prep Agent Exam Questions With 100% Correct Answers Pre-Payment Penalty Clause A clause that allows a penalty to be enforced if the mortgage is paid off early. Master Plan A comprehensive plan to allow a city to grow in an orderly and sound manner Percentage Lease A lease, commonly used for commercial property, whose rental is based on the tenant's gross sales at the premises; it usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount. ...

Prep Agent Exam Questions With 100% Correct Answers Net Listing When you keep money above and beyond the listing price. codicil Addition to a will Master plan Layout for urban areas Zoning Police power also building codes 4 government powers Zoning, Eminent domain, excrete , taxation Secondary Financing A second lone on A property that has a higher interest-rate Gross rent multiplier Price divided by rent Real Property Immovable, it goes with the land ...

Prep Agent Exam Questions With 100% Correct Answers comparing the price of similar properties (comparable) recently sold market data approach? leasing an apartment building less than freehold estate is? a summer rental no notice set date designated period of time what is an estate for years? a lease is a contract with the person and doesn't always go with the property a lease is considered personal property because? anything attached to the real property a fixture is? ...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. A) nonconforming use. Explanation: This is an example of "grandfa...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 wear and tear to the load-bearing members of a building would be classified as: a. Functional obsolescence curable B. Physical deterioration curable C. Functional obsolescence incurable D. Physical deterioration incurable D. Physical deterioration incurable physical damage to the load-bearing members of the building would be considered too expensive to repair granted exception to the rule variance cash or other proper...

Prep Agent Exam Questions With 100% Correct Answers Bundle of rights DEEP C Real Property immovable Personal Property movable Chattel Real Moveable - cows moveeee personal property fixture (Maria) Method, Adaptability, Relationship, Intention, Agreement. Trade fixture Business dentist chair riparian rights rivers and streams moving body of water littoral rights Lakes, Oceans, large bodies of water freehold estate own indefinitely fee simple ...

Prep Agent Exam Questions With 100% Correct Answers Pre-Payment Penalty Clause A clause that allows a penalty to be enforced if the mortgage is paid off early. Master Plan A comprehensive plan to allow a city to grow in an orderly and sound manner Percentage Lease A lease, commonly used for commercial property, whose rental is based on the tenant's gross sales at the premises; it usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount. ...