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FL real estate pearsonvue practice exam questions and answers
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FL real estate pearsonvue practice exam questions and answers
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FL real estate: pearsonvuepractice exam questions and
answers
equity - answer the difference between the value of a property and
the total amount of liens against it is known as
operating expenses - answer in order for a property manager to
determine net operating income on a property, what fees are
subtracted from the effective gross income?
recommend that the buyer insert an inspection contingency in the
purchase agreement - answer if a prospective buyer is concerned
about the electric service on a property, the buyer's licensee
SHOULD
may rescind the listing contract upon obtaining permission from the
owners - answer a broker lists a property. the broker advertises
and shows the property several times, but after each showing, the
owners call the broker with a list of unreasonable restrictions they
want placed on the showing of the property. the broker decides not
to continue the listing. in this situation, the broker:
as soon as possible - answer when a contract states that "time is of
the essence," the contract MUST be delivered and presented:
reviewing all documents and transaction files prior to closing -
answer what action BEST describes proper supervision of a license
by their broker?
, encumbrance to which the policy has not taken an exception -
answer a title insurance policy will protect a buyer from financial
losses that are caused by a(n):
be signed by the seller - answer a valid real estate sales contact
MUST:
common elements - answer in a condominium apartment project,
the BEST term to describe swimming pools and laundry rooms for
the use of unit owners is:
disclose the condition of the roof to prospective buyers - answer
the owners of a house must sign a listing agreement and later tell
the licensee that the garage roof leaks. if the owners tell the
licensee not to reveal the roof's condition to any prospective
buyers, the licensee MUST:
owner - answer a property manager works in the best interests of
the:
sale price of the comparable property, down for the age and up for
the number of baths - answer a licensee preparing a competitive
market analysis (CMA) has information on a comparable property
that is similar in all respects to the subject property except that,
while the subject property is ten years old and has two baths, the
comparable property is five years old and has one bath. in this case,
the licensee SHOULD adjust the:
$406
step 1: loan amount = appraised value * loan %
step 2: first monthly payment = interest payment + loan repayment
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