Real Estate Principles Final Exam Questions and Complete Solutions Bundle Compilation Graded A+

Chapter 18 Real Estate Math (Colibri Real Estate) Exam Questions and Complete Solutions A one-story house had original dimensions of 60' by 30'. However, a new addition, measuring 24' by 20', was recently added by the owners. The house's total square footage is now: 1,320 1,800 2,280 5...

Chapter 18 Colibri Exam Questions and Complete Solutions Ad valorem - Answer: taxes based on the assessed value of a property tax base of an area - Answer: = assessed values - exemptions (is the total of the appraised or assessed values of all real property within the area's boundaries) T...

Colibri Chapter 1, 2, 3 Exam Questions and Complete Solutions The Knowledge of Property Transfer - - Answer: by deed, will, inheritance or the use of contracts, or trusts. Knowledge of Market Conditions - - Answer: the level of listings on the market, how the property may be financed, how quic...

Colibri Exam Questions and Complete Solutions Missy offers seller Jordan $189,500 for his house. Jordan accepts. The appraisal comes in at $188,000. If Missy's lender requires a loan-to-value ratio of 80%, how much of a down payment must Missy make? $37,600 $37,900 $39,100 $39,500 - Answer: ...

Colibri Part 2 Exam Questions and Complete Solutions T/F: In an ongoing attempt to protect consumers involved in real estate transactions, agency laws were created. - Answer: True common law duties - Answer: AC-COLD Accountability, Care, Confidentiality, Obedience, Loyalty, Disclosure Care...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Complete Solutions Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) J...

Colibri Real Estate Chapter 1 Exam Questions and Complete Solutions The regulation of money through the Federal Reserve Board. - Answer: Economic, government The property's exact position in a neighborhood, city, and region. - Answer: Physical The buyer's tastes and standards based on lif...

Colibri Real Estate Chapter 1 Exam Questions and Complete Solutions What five economic characteristics affect the value of land in the marketplace? (D.U.S.T.S) - Answer: 1. Demand; The more demand a property has, the higher the value 2. Utility (Or usefulness); More space/rooms etc.. the more us...

Colibri Real Estate Course Exam chapter 1 - 5 Exam Questions and Complete Solutions Fixture - Answer: What term describes a personal property item that has been converted to real property by attachment to real estate? Subsurface Rights - Answer: What rights apply to land beneath the surface of...

Colibri Real Estate Exam Questions and Complete Solutions During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? - Answer: During the negotiation s...

Colibri Real Estate Exam Questions and Complete Solutions What is the primary purpose of instituting FACTA? - Answer: To combat identity theft, and enhance the accuracy and privacy of information held by credit reporting agencies. In the case of multiple offers who should review counteroffer t...

Colibri Real Estate Final Exam (KY) 1 Questions and Complete Solutions Broker Joy just signed a listing agreement with a seller. When should Joy schedule an office tour? - Answer: Within a week after the listing is taken What is NOT required between two parties as it relates to the violation o...

Colibri Real Estate Law Exam Questions and Complete Solutions The discovery step of civil cases is where the parties use a mediator. the complaint is filed. each party presents their case. each party gathers information from each other and third parties. - Answer: each party gathers informati...

Colibri Real Estate Practice Final Exam Questions and Complete Solutions Why is the condition of bearing walls more important than non bearing walls? - Answer: Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basem...