Real Estate Principles Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Real Estate Principles
Institution
Real Estate Principles
The Transfer Disclosure Statement (TDS) is required in which type of transaction?
A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales
involving one-to-four-family dwellings, except for specified exempt transactions D) Only in
"as-is" sales
-:- C) Sales invol...
Real Estate Principles Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
The Transfer Disclosure Statement (TDS) is required in which type of transaction?
A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales
involving one-to-four-family dwellings, except for specified exempt transactions D) Only in
"as-is" sales
✓ -:- C) Sales involving one-to four-family dwellings, except for specified exempt
transactions
To qualify for a real estate broker's license, a person must complete
A) eight college-level courses. B) a two-year AA degree. C) two college-level courses within
18 months D) a four-year college degree.
✓ -:- D) a four-year college degree
The appraisal principle of regression provides that a property of higher value tends to
decrease in value when surrounded by properties of
When property is used to secure payment of a debt or obligation, a lien on the property is
given by the borrower, who is called
A) The mortgagor B) The Trustee C) The Lender D) The mortgagee
✓ -:- A) The Mortgagor
When a person dies without a will, the person is said to have died
A) intestate B) with a devise C) with a bequest D) Testate
✓ -:- A) intestate
The Real Estate Commissioner's regulations have
A) never been enforced. B) authority only over the BRE staff. C) the same force and effect
as law. D) no impact on licensees
✓ -:- C) the same force and effect as law.
Which of the following is NOT an example of actual fraud
3|Page | Grade A+| 2024/2025
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