Real Estate Express

Real Estate Express Exam 2023 with 100% correct answers

Real Estate Express Exam 2023 with 100% correct answers

Real Estate Express Exam 2023 with 100% correct answers

Real Estate Express Exam 2023 with 100% correct answers

The formula for calculating simple interest is: - correct answerInterest = principal x rate x time Add-on interest Annual Percentage Rate (APR) - correct answerAPR= 2*n*IR/P(N+1) n: number of payment periods in each year IR: total financing charges P: principal or amount borrowed N: number of scheduled payments Housing costs include: - correct answerthe principal, interest, taxes and homeowner's insurance (PITI), and also may include some monthly assessments for mortgage insurance and...

The right to control one's property includes all of the following EXCEPT 1 the right to invite people on the property. 2 the right to exclude the utilities meter reader. 3 the right to erect "no trespassing" signs. 4 the right to enjoy pride of ownership. - correct answerthe right to exclude the utilities meter reader. This right to enter and work on a property is granted to utility companies (water, sewer, gas and electric) as well as telephone and cable companies. Essentially, if a...

who must sign the mortgage broker dual agency disclosure form? - correct answerthe borrower and the seller how many members of the NYS board of real estate must be real brokers? - correct answer5 which of the following does not appoint members to the board? - correct answersecretary of state a _____ broker conducts business as a sole proprietorship, doing businesses under a name other than his or her own personal name - correct answertrade name

The seller and buyer have countered back and forth for several days. The two parties have verbally agreed to a price, but neither has signed anything. At this point the status of the negotiation is: - correct answernot a contract until the parties have signed the necessary documents John is a real estate licensee in Georgia(A state that has mutual recognition with florida) whereby he wishes to obtain a Florida real estate license. As long as John remains a Georgia resident, which of the follo...

Real estate that includes non-physical interests, such as easements and restrictions is known as __ - correct answerReal Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - correct answerA rectangular survey is composed of Townships that are square tracts of land six miles on each side. A township then is divided into 36 Sections which are square tracts of land one mile on a side. One ...

Yes, because the city is using its power of eminent domain for public good. - correct answerA city acquires a 10-foot strip of a property owner's land for a public walking trail. The owner's home is not affected and she is able to use the land. Is the homeowner eligible for compensation? 60 hour post license course - correct answerBroker Bill takes his Broker course and passes it. He applies and gets his license on time. He pays all his fees and begins to work. ( He does not have a 4 year d...