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45 Hour Post Licensing Exam Questions And Answers Graded A+ 2024/2025
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45 Hour Post Licensing Exam Questions And Answers Graded A+ 2024/2025
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45 Hour Post Licensing ExamA married couple have prequalified for a $240,000 traditional loan. If they positioned 20%
down, they can purchase a residence for - ANS$three hundred,000
What records need now not be disclosed in a real estate transaction? - ANSThe assets
become the web page of a homicide.
What is a good picture to show a vendor that there will be extra hobby if the assets is in your
price range? - ANSThe pricing pyramid
A home sells for $310,500. Expenses of the sale are $four,800. The brokerage fee is
$18,630. Prorations for taxes and hobby are $five,036. The mortgage payoff is $181,500.
What are the vendor's proceeds from the sale? - ANS$one hundred,534
Filing a match to quiet title is used when - ANSa title defect is observed, that is tough to take
away by normal approach.
What are the advantages of restrictive covenants? - ANSMaintain and decorate cost
What's the downside for a primary who has a single agent? - ANSResponsible for the single
agent's acts
What is the possibly reason of a settlement on the market of real property being dominated
as unenforceable? - ANSUnwritten settlement
Aside from a property's region, what is the most essential aspect that influences market
value? - ANSHighest and pleasant use
The margin is - ANSthe percentage delivered to the index of an adjustable-charge loan that
consequences within the calculated fee.
A home sells for $370,000. The mortgage payoff is $262,500. What is the seller's fairness? -
ANS$107,500
How regularly do loan mortgage originators need to have a crook background check? -
ANSEvery 12 months
A written list agreement with a self-renewing clause - ANSis void.
When you provide an explanation for the pricing system at some stage in a listing
presentation, you will NOT commonly speak - ANSthe manner of last a sale.
What are the three keys to prospecting achievement? - ANSOrganization, numbers, and
consistency
, A income companion, to check his knowledge of what the patron has stated, makes use of
phrases which are similar, but now not exactly the same as the client's. This is called -
ANSparaphrasing.
Which party may additionally pay a certified non-public assistant for selling sports? - ANSIt
isn't criminal to pay a non-public assistant—whether licensed or unlicensed—a portion of a
actual property fee.
In a highly new neighborhood with 524 homes, 72 houses had been offered. The turnover
index on this community is - ANS13.7% // 7%. 72 homes offered ÷ 524 general homes =
.137 or thirteen.7%
The Florida Realtors®/Florida Bar Residential Contract for Sale and Purchase is exceptional
for - ANSa residential sale.
Sometimes whilst a client isn't quite prepared and wants to think about it a while longer, the
shop clerk need to - ANSask permission to prepare the office work as though they have
been shopping for, then move over it.
An one of a kind organization list is used while - ANSan proprietor lists with a dealer on the
idea that if the property is offered by way of a broking, the broker is entitled to a commission,
however if the proprietor sells his personal property, he owes no fee.
If a selling income partner attempts to offer an offer without the listing agent being present, -
ANSit might likely alienate the vendor because the vendor has extra trust within the list
income partner.
A unmarried agent dealer ought to deliver a brokerage dating disclosure while a transaction
is - ANSthe sale of a duplex.
A girl had a fourth bed room constructed onto her residence last 12 months that cost
$seventy five,000. A latest appraisal valued the bedroom at $52,000. This demonstrates the
principle of - ANScontribution.
When must the fee be protected while presenting an offer? - ANSLast
At what charge do taxpayers pay for brief-term capital profits? - ANSThe investor's everyday
earnings tax rate
A client can shop money by way of making at least a 20% down charge because - ANSthe
purchaser might not should pay for loan coverage.
The general room be counted in a residence might encompass - ANSbedrooms.
The 4 basic loan processing procedures are - ANSchecking the borrower's potential to pay
off, appraising collateral's belongings price, making ready loan files, and checking the
identify of the collateral.
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