Aceable Agent Principles of Real Estate 2 Practice Test Questions and Correct Answers | Latest Update
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Course
Aceable Agent
Institution
Aceable Agent
What is investment gain?
an increase in property value due to active and purposeful developments
or improvements
Ben has recently purchased a policy for title insurance. Two weeks after making his purchase,
it is revealed that there were unknown liens attached to the title. What is TRUE o...
Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Aceable Agent Principles of Real Estate 2
Practice Test Questions and Correct
Answers | Latest Update
What is investment gain?
an increase in property value due to active and purposeful developments
or improvements
Ben has recently purchased a policy for title insurance. Two weeks after making his purchase,
it is revealed that there were unknown liens attached to the title. What is TRUE of this
situation?
Any problems that arise after policy purchase are not covered.
Which of the following is an example of something that would be listed on a Closing
Disclosure as a credit to the buyer?
A credit is an amount a person receives at closing.
Gladys owns two properties: one is a residential property and the other is a plot of
undeveloped land. Which of the following is TRUE about Gladys' properties?
She CAN claim depreciation on her residential property; she can NOT
claim depreciation on her undeveloped land.
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/ 2025
Landlords MUST allow tenants with disabilities to make reasonable modifications to a
property so they can enjoy it. But there are also unreasonable modifications a landlord does
NOT have to allow; all of the following are unreasonable modifications EXCEPT:
modifications made at the tenant's expense
What does "REO" stand for?
"Real Estate Owned"
In which of the following cases would a property manager NOT need a real estate license?
A property manager who is an on -site apartment manager NOT acting as
an agent, leasing the owner's real estate.
What is a fee simple subject to a condition subsequent estate?
an estate in which the property MUST be used for a specific purpose and
if it's not, the real estate reverts back to the original owner
Which of the following is NOT a principle of appraisal?
While appraisers do concern themselves with the highest and best use of a
property, "principle of best use" is not among the principles.
~ 1 ~ for inquiry mail me @ supergrades12@gmail.com
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