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PRINCIPLES OF REAL ESTATE QUIZ AND ANSWERS


Real Estate Exam: Principles of Real Estate 1 Flashcards
A lease with a specific starting and ending date is called. an estate for years or tenancy for years. When the landlord pays all of the expenses of the property and then tenant pays only the rent, this is called.
Real Estate Principles Final Exam Flashcards | Quizlet
Real Estate Principles Final Exam. Terms in this set (160) investment in public facilities such as roads, schools, etc. an agency that was created by the federal government in 1938 to buy mortgages from lenders and to serve as a clearing house for the secondary mortgage markets.
Principles Real Estate II- Practice Exam 2 Flashcards
Terms in this set (60) a use of property that is not in agreement with present zoning laws. nonconforming use. A method of valuing a property based on the monetary returns it can be expected to produce is the. income approach. land exempt from real property tax
Free Real Estate Practice Exams (2020 Update) [500+ Questions]
Answer: There are more costs associated with earning your real estate license than just the cost of the exam itself. While the exam itself is usually around $100, you should expect to spend an additional $200-$500 on prelicensing classes, license applications,..
Principles of Practicing Real Estate Chapter Exam - Study
What is the first step to become a licensed real estate salesperson? Purchase a home or What is reciprocity? When a real estate salesperson moves their license to a different city. Allows Which of these correctly completes this statement? An _____ receives a check on a regular Real estate brokers: Work under the supervision of real estate salespersons. Sponsor and provide See full list on study
Principles of Real Estate II- Final Exam 2 Flashcards
a mortgage that may include both real estate and personal property is a(n) package mortgage Karl signed a one-year lease on an apartment with a rental agency. he sublet the apartment to Kurt, who defaulted on the sublease.
Principles of Real Estate 1 Flashcards by Kirby Adcock
Study Principles of Real Estate 1 flashcards from Kirby Adcock's class online, or in Brainscape's iPhone or Android app. Learn faster with spaced repetition.appraisal-An appraiser's opinion of value. -Lenders use to determine the market value of the property bing being used to secure the loan.loan to value ratio (LTV)-Percentage of value or sales price that a lender is willing to finance -Lenders use appraisal to make sure loan amount doesn't exceed loan-to-valu..highest and best use (of a property)the legal use that gives the greatest return in money and/or amenitiesprinciple of contributionsuggests that the value of a property is equal to the sum of the contributory value of each of its component parts.principle of change-the forces acting on a parcel of land are always affecting the value of the land. -this makes appraisals temporary -change can be specific or ex..principle of anticipationthe purchase price is affected by the expectation of future appeal and benefits.principle of substitutionthe value of a commodity is influenced by the cost of acquiring a substitute or comparable itemprinciple of conformitysuggests that value is maximized when there is a reasonable degree of homogeneity, or sameness, in a neighborhood .functional obsolescenceloss in desirability of style, layout, or function of an element of a property over timeprinciple of regressionthe presence of lower-priced properties in the area will cause a decline in the value of the subject property.
Real Estate Agent License Practice Test (2020 Current)
A parcel of residential real estate is held in a life estate. The life tenancy is held by a woman, and she is the measuring life. Her nephew is the remainderman. The life tenant wants to take out a loan using the property as collateral.
CA Real Estate Practice Exam #1 - ProProfs Quiz
Nov 08, 2019A real estate agent is designed to give some help to someone who is looking to buy a house in a specific location. Have a passion for selling houses? With that CA real estate practice exam around the corner, the practice test below is designed to help you see how ready you are for the California real estate salesperson.4.2/5
Real Estate License Exams For Dummies Cheat Sheet
Taking a state real estate exam is necessary for becoming a licensed real estate agent. Every state requires real estate agents to have a license — and to take and pass a state examination
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