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Real Estate Express BUNDLED Exam 2023 with 100% correct answers
Real Estate Express Exam Prep 2023 with 100% correct answers Real Estate Express Exam 2023 with 100% correct answers
[Show more]Real Estate Express Exam Prep 2023 with 100% correct answers Real Estate Express Exam 2023 with 100% correct answers
[Show more]Easements can be terminated by: - correct answer1. The purpose of the easement no longer exists. (a new road is built, etc.) 
2. The holder of the easement abandons it for the statutory time period. 
3. A merger of the properties occurs so an easement is not needed. 
4. Destruction of the property o...
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Add to cartEasements can be terminated by: - correct answer1. The purpose of the easement no longer exists. (a new road is built, etc.) 
2. The holder of the easement abandons it for the statutory time period. 
3. A merger of the properties occurs so an easement is not needed. 
4. Destruction of the property o...
Is it permissible to advertise real estate associated services or products in California without a California real estate license? - correct answerYes, as long as the products or services do not include any actions for which a California real estate license is required. 
 
Which regulation or sectio...
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Add to cartIs it permissible to advertise real estate associated services or products in California without a California real estate license? - correct answerYes, as long as the products or services do not include any actions for which a California real estate license is required. 
 
Which regulation or sectio...
A violation of a Commission rule is 
 
-subject to a reprimand for an initial offense. 
also considered a civil offense and subject to similar disciplinary action. 
-considered breaking the law and requires a hearing before the judicial board. 
-considered the same as violating the license law itsel...
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Add to cartA violation of a Commission rule is 
 
-subject to a reprimand for an initial offense. 
also considered a civil offense and subject to similar disciplinary action. 
-considered breaking the law and requires a hearing before the judicial board. 
-considered the same as violating the license law itsel...
Advisory service provider - correct answerBroker works on projects in exchange for a fee salary or retainer. Comps, database search, prospect screening, site analysis. 
 
Real estate activities - correct answerCreate, improve, manage, maintain, demolished, on, regulate, transfer real properties 
 
F...
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Add to cartAdvisory service provider - correct answerBroker works on projects in exchange for a fee salary or retainer. Comps, database search, prospect screening, site analysis. 
 
Real estate activities - correct answerCreate, improve, manage, maintain, demolished, on, regulate, transfer real properties 
 
F...
At least that goes month to month is known as - correct answeran state from period to period 
 
Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - correct answer$225 
 1st you take $30000 in mu...
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Add to cartAt least that goes month to month is known as - correct answeran state from period to period 
 
Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - correct answer$225 
 1st you take $30000 in mu...
How does subdividing differ from real estate development? - correct answerA developer constructs improvements to the land; a subdivider separates it into smaller units. 
 
If a licensee acts as an independent contractor, then - correct answerhe controls his own working hours. 
 
When two or more par...
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Add to cartHow does subdividing differ from real estate development? - correct answerA developer constructs improvements to the land; a subdivider separates it into smaller units. 
 
If a licensee acts as an independent contractor, then - correct answerhe controls his own working hours. 
 
When two or more par...
Essential element of a contract, something of legal value - correct answerconsideration 
 
Seller has the right to hire any number of brokers - correct answeropen listing 
 
Nevada real estate commission must hold a minimum of how many meetings per year - correct answertwo 
 
Water rights pertaining...
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Add to cartEssential element of a contract, something of legal value - correct answerconsideration 
 
Seller has the right to hire any number of brokers - correct answeropen listing 
 
Nevada real estate commission must hold a minimum of how many meetings per year - correct answertwo 
 
Water rights pertaining...
Which of the following is exempt from the Natural Hazards Disclosure? - correct answer 
 
Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's a...
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Add to cartWhich of the following is exempt from the Natural Hazards Disclosure? - correct answer 
 
Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's a...
local government - correct answerProperty taxes are governed by 
 
Property values - correct answerIs/are the key indicator of the health of the nation 
 
House led & House Fed - correct answerIt is frequently written that American economy is 
 
Are real Estate business is done under the authority o...
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Add to cartlocal government - correct answerProperty taxes are governed by 
 
Property values - correct answerIs/are the key indicator of the health of the nation 
 
House led & House Fed - correct answerIt is frequently written that American economy is 
 
Are real Estate business is done under the authority o...
Which agency in Illinois has responsibility for licensing schools and instructors? 
Training and Development Department 
Division of Real Estate 
Standards Council 
Advanced Advisory Council - correct answerDivision of Real Estate 
 
Which of the following is NOT an activity included in the definiti...
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Add to cartWhich agency in Illinois has responsibility for licensing schools and instructors? 
Training and Development Department 
Division of Real Estate 
Standards Council 
Advanced Advisory Council - correct answerDivision of Real Estate 
 
Which of the following is NOT an activity included in the definiti...
Triple Net Lease - correct answero A type of lease when the tenant pays for the taxes, insurance, maintenance and repairs is called what? 
 
Lease Purchase - correct answer(Lease to buy) Person renting may be obligated to purchase after lease expires 
 
Lease Option - correct answer(Lease to buy) Pe...
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Add to cartTriple Net Lease - correct answero A type of lease when the tenant pays for the taxes, insurance, maintenance and repairs is called what? 
 
Lease Purchase - correct answer(Lease to buy) Person renting may be obligated to purchase after lease expires 
 
Lease Option - correct answer(Lease to buy) Pe...
Which date is the beginning of the commissions fiscal year? - correct answerJuly 1 
 
Which of the following is not a requirement to qualify for the position of commissioner in Nevada? - correct answerMust never have been actively engaged in real estate business 
 
Under normal circumstances, what i...
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Add to cartWhich date is the beginning of the commissions fiscal year? - correct answerJuly 1 
 
Which of the following is not a requirement to qualify for the position of commissioner in Nevada? - correct answerMust never have been actively engaged in real estate business 
 
Under normal circumstances, what i...
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 hou...
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Add to cartYes, 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 hou...
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...
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Add to cartReal 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...
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 rea...
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Add to cartThe 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 rea...
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 
...
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Add to cartwho 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 
...
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 exclud...
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Add to cartThe 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 exclud...
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...
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Add to cartThe 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...
Real Estate Express Exam 2023 with 100% correct answers
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