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Bob Hogue Real Estate Questions & ANSWERS SOLVED 100- CORRECT!!
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Bob Hogue Real Estate Questions & ANSWERS SOLVED 100- CORRECT!!
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Bob Hogue Real Estate Questions &ANSWERS SOLVED 100% CORRECT!!
Requirement ,that ,the ,infrastructure ,for ,sanitary ,sewers, ,potable ,water, ,and ,waste ,treatment ,facilitie
s ,be ,in ,place ,before ,new ,development ,is ,allowed ,is ,the ,- ,(correct ,answer) ,-Concurrency ,Provision
The ,only ,active ,general ,partner ,in ,a ,real ,estate ,brokerage ,partnership ,has ,his ,license ,suspended. ,All ,
of ,the ,licenses ,of ,the ,sales ,associates ,in ,that ,brokerage ,are ,- ,(correct ,answer) ,-
placed ,in ,inactive ,status
Legal ,Title ,always ,passes ,from ,the ,seller ,to ,the ,buyer ,- ,(correct ,answer) ,-
When ,the ,deed ,is ,voluntarily ,delivered ,and ,voluntarily ,accepted
Which ,property ,is ,neither ,exempt ,not ,immune ,from ,ad ,valorem ,property ,tax? ,- ,(correct ,answer) ,-
Undeveloped ,Farmland
Description ,of ,A ,Check ,- ,(correct ,answer) ,-
A ,square ,24 ,Miles ,on ,each ,side ,created ,by ,intersecting ,guide ,meridians ,and ,correction ,lines ,containi
ng ,16 ,townships
A ,listing ,to ,sell ,property ,and ,obtain ,a ,specified ,amount ,for ,the ,owner-principle ,is ,called ,- ,
(correct ,answer) ,-Net ,Listing
The ,key ,difference ,between ,police ,powers ,and ,eminent ,domain ,is ,whether ,- ,(correct ,answer) ,-
Any ,compensation ,was ,paid ,to ,an ,affected ,owner
For ,real ,property ,to ,be ,depreciated ,it ,must ,- ,(correct ,answer) ,-Have ,improvements
Special ,Assessments ,are ,- ,(correct ,answer) ,-
used ,to ,help ,pay ,for ,some ,public ,improvement ,that ,benefits ,the ,property.
Mortgage ,loan ,payments ,made ,in ,regular ,installments ,of ,interest ,only ,with ,the ,full ,principal ,amount
,plus ,accrued ,interest ,paid ,at ,one ,time ,at ,the ,end ,of ,the ,loan ,period ,describes ,- ,(correct ,answer) ,-
A ,term ,mortgage
A ,type ,of ,deed ,that ,contains ,the ,words ,"remise ,and ,release" ,or ,similar ,words ,is ,the ,- ,
(correct ,answer) ,-Quitclaim ,Deed
, One ,mortgage ,clause ,NOT ,normally ,found ,in ,a ,VA ,or ,FHA ,mortgage ,is ,the ,- ,(correct ,answer) ,-
Prepayment ,Penalty ,clause
Who ,is ,required ,to ,obtain ,a ,Florida ,Mortgage ,Loan ,originators ,License? ,- ,(correct ,answer) ,-
An ,agent ,of ,a ,state-regulated ,mortgage ,lender ,who ,takes ,loan ,application ,from ,consumers
Legal ,Description ,used ,only ,in ,developed ,subdivisions ,- ,(correct ,answer) ,-Lot ,and ,Block
When ,measuring ,the ,square ,footage ,of ,a ,house ,an ,appraiser ,uses ,- ,(correct ,answer) ,-
Exterior ,dimensions
Recorded ,legal ,document ,that ,gives ,constructive ,notice ,that ,an ,action ,affects ,title ,to ,a ,parcel ,of ,real
,property ,- ,(correct ,answer) ,-Lis ,Pendens
Lan ,value ,is ,obtained ,separately ,when ,using ,which ,approached ,to ,estimating ,value? ,- ,
(correct ,answer) ,-Cost ,Approach
Statement ,that ,is ,TRUE ,regarding ,PMI ,- ,(correct ,answer) ,-
PMI ,is ,required ,on ,conventional ,mortgage ,loans ,with ,a ,90% ,LTV
The ,purpose ,of ,a ,TRIM ,notice ,is ,to ,- ,(correct ,answer) ,-
Inform ,property ,owners ,of ,the ,tax ,bill ,they ,can ,expect ,in ,November
A ,borrower ,pledges ,real ,property ,as ,collateral ,for ,repayment ,of ,a ,loan ,without ,surrendering ,possess
ion ,of ,the ,property ,this ,process ,is ,called ,- ,(correct ,answer) ,-hypothecation
A ,Recorded ,legal ,document ,that ,gives ,constructive ,notice ,that ,an ,action ,affects ,title ,to ,a ,parcel ,of ,r
eal ,property ,is ,called ,- ,(correct ,answer) ,-Lis ,Pendens
When ,mortgage ,interest ,paid ,in ,arrears ,on ,a ,loan ,assumptions ,prorated ,the ,amount ,up ,to ,the ,day ,
of ,closing ,is ,- ,(correct ,answer) ,-Debited ,to ,the ,seller; ,Credited ,to ,the ,buyer
Fannie ,Mae ,DOES ,NOT ,- ,(correct ,answer) ,-Originate ,Federal ,Loans
The ,four ,Characteristics ,of ,real ,estate ,value ,- ,(correct ,answer) ,-DUST ,
(Demand, ,Utility, ,Scarcity, ,Transferability)
Economic ,Characteristics ,of ,real ,estate ,include ,- ,(correct ,answer) ,-SITUS
Mortgage ,ownership ,is ,transferred ,from ,one ,individual ,to ,another ,by ,executing ,- ,(correct ,answer) ,-
An ,Assignment ,of ,Mortgage
Financing ,arrangement ,that ,grants ,a ,buyer ,"equitable" ,title ,without ,a ,deed ,conveying ,at ,closing ,fro
m ,grantor ,to ,grantee ,is ,called ,- ,(correct ,answer) ,-A ,land ,contract
The ,going ,concern ,value ,of ,a ,business ,- ,(correct ,answer) ,-
Is ,the ,worth ,of ,an ,established ,business ,property
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