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Rockwell Real Estate BUNDLED exams 2023 with 100% correct answers $40.49   Add to cart

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Rockwell Real Estate BUNDLED exams 2023 with 100% correct answers

Rockwell Real Estate exam 2023 with 100% correct answers Rockwell Cram Exam #3 2023 with 100% correct answers

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Rockwell exam 2023 with 100% correct answers

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1. A survey has been completed, and stakes have been placed marking off the property. The survey can be used to: A. construct fences and driveways B. measure soil stability C. determine freehold interests D. verify known liens - correct answer A: survey may be used to determine the exact loc...

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Rockwell exam 2023-24 with 100% correct answers

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Which of the following people might bring a suit for specific performance? - correct answer A buyer in a real estate transaction in which the seller backed out one day before closing Once a lender issues a veteran a VA-guaranteed loan, the veteran: - correct answer immediately becomes liable ...

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Rockwell Test exam 2023 with 100% correct answers

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Adjusted basis is initial basis... - correct answer plus capital expenditures, less depreciation A loans interest is best defined as... - correct answer a charge paid by a borrower in exchange for use of the lenders money. Deborah sells her property to Juan, but Juan fails to record the de...

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Rockwell Real Estate Exam 2023-24 with 100% correct anwers

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Which of the following loans would be subject to the Truth In Lending Act? - correct answer A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at c...

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Rockwell Real Estate exam 2023 with 100% correct answers

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3 methods of legal description - correct answer Metes and Bounds - Local. Describes the property location in the location itself Government Survey method - Used to identify the location of the property in reference to the united states survey map. Meridian and Baselines, Range and township line...

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Rockwell Real Estate exam 2023 with 100% correct answers

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Freehold Estate - correct answer Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - correct answer Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infini...

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Rockwell Real Estate Exam 2023 with 100% correct answers

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At what point in a transaction must you disclose your agency status in writing? - correct answer -Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require writ...

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Rockwell Real Estate Exam 2023 with 100% correct answers

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A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - correct answer b. bill of sale Deeds transfer title to real estate, a bill of sale is gene...

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Rockwell Real Estate Exam 2023-24 with 100% correct answers

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At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - correct answer D. Before a party signs an offer You must disclose yo...

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Rockwell exam 2023 with 100% correct answers

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Which of the following loans may involve a balloon payment? a. Fully amortized b. Partially amortized c. Interest-only d. Both B and C - correct answer d. Both B and C Explanation: Only with a fully amortized loan will all of the principal balance be paid off at the end of the loan ...

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Rockwell Exam 4 2023- 24 with 100% correct answers

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Once a contract for deed is signed by the parties, the buyer immediately receives: A. a life estate B. legal title C. equitable title D. the right to lease the property - correct answer C. equitable title A buyer receives equitable title to the property once the land contract has been sig...

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Rockwell exam with 100% correct answers

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Jesse, Kim, and Diane own a home together as joint tenants. If Jesse dies, her property interest: - correct answer will be automatically transferred (conveyed) to Kim and Diane Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to: - correct answer pay consid...

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