Study guides, Class notes & Summaries

Real Estate National Exam Prep #3 Questions and Answers 100% Pass Under an exclusive right to sell listing, a license holder has the authority to take which of the following actions on behalf of a seller? (a) make price adjustments based on feedback from showings (b) refuse to present offers that the salesperson feels are too low (c) advertise the property for sale (d) offer a lease purchase arrangement to a prospective buyer - Correct Answer ️️ -(c) advertise the property for sale ...

Real Estate Exam- MO & National Study Questions and Answers A seller owned two plots of land that combined for a width of 950 ft and a depth of 1800 ft. A creek divided the north plot from the south plot. What is the total acreage of the two plots? - Correct Answer ️️ -Draw a line to divide rectangle horizontally. Write 950 as width & 1800 ft as depth. Multiple 950 x 1800 =1,710,000 Then divide 1,710,000 by 43,560 to convert to acreage. Answer is 39.25 rounded A secretary in a real ...

Real Estate Exam Questions and Answers 100% Pass A corporation is a legal entity (an artificial person); therefore, real estate owned by the corporation is owned in - Correct Answer ️️ -severalty A person who receives title to real property through a last will and testament is called a - Correct Answer ️️ -devisee Tom, Rick, and Harry own a house. When Rick dies, his heirs receive his share of the ownership interest. What type of co-ownership did Tom, Rick, and Harry have? - Corre...

Real Estate National Exam Questions And Correct Answers, 100% Verified Solution How does a creditor who has obtained a judgement get satisfaction against a debtor who will not pay? Writ of Execution The economic characteristics of land are? Scarcity, location, and durability What lease would best suit couples needs who are looking for temporary housing? Month-to-Month lease The land description T3N, R4W Principal Meridian refers to what type of property description? Rectangular survey ...

Real Estate National Exam Questions and Answers 100% Pass What are considered trigger terms? Interest rate, payment amount, down payment #of payments, term of the loan, cost to close.. any financial term except APR A borrower who was making payment on a loan was required to make a balloon payment at the end of the loan. This was most likely a? Partially Amortized Loan The buyer receives a seller's property condition disclose in which the buyers agent believes the seller has misre...

Real Estate National Exam Questions With Answers Graded A+...

Real Estate National Exam With Complete Solution Graded A+...

Real Estate National Exam 2023...

Real Estate National Exam Latest Update 2023...