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REAL ESTATE PRINCIPLES 2024 ACTUAL EXAM AND STUDY GUIDE 100 QUESTIONS WITH DETAILED VERIFIED ANSWERS AND RATIONALES (100% CORRECT) /ALREADY GRADED A+ The Transfer Disclosure Statement (TDS) is required in which type of transaction? $17.99
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REAL ESTATE PRINCIPLES 2024 ACTUAL EXAM AND STUDY GUIDE 100 QUESTIONS WITH DETAILED VERIFIED ANSWERS AND RATIONALES (100% CORRECT) /ALREADY GRADED A+ The Transfer Disclosure Statement (TDS) is required in which type of transaction?
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Course
REAL ESTATE PRINCIPLES
Institution
REAL ESTATE PRINCIPLES
REAL ESTATE PRINCIPLES 2024 ACTUAL EXAM AND
STUDY GUIDE 100 QUESTIONS WITH DETAILED
VERIFIED ANSWERS AND RATIONALES (100%
CORRECT) /ALREADY GRADED A+
The Transfer Disclosure Statement (TDS) is required in which type of transaction?
REAL ESTATE PRINCIPLES 2024 ACTUAL EXAM AND
STUDY GUIDE ...
REAL ESTATE PRINCIPLES 2024 ACTUAL EXAM AND
STUDY GUIDE 100 QUESTIONS WITH DETAILED
VERIFIED ANSWERS AND RATIONALES (100%
CORRECT) /ALREADY GRADED A+
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 - CORRECT ANSWER-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. - CORRECT ANSWER-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
A) lower value
B) Higher income
C) lower capitalization
D) different character - CORRECT ANSWER-A) lower value
An easement by prescription terminates after nonuse for
A) 1 year.
B) 3 months.
C) 5 years.
D) 180 days. - CORRECT ANSWER-C) 5 years.
, The second property tax installment becomes delinquent on
A) November 1
B) December 10
C) April 10
D) February 1 - CORRECT ANSWER-C) April 10
In a township, the section north of Section 10 is
A) Section 22
B) Section 7
C) Section 12
D) Section 3 - CORRECT ANSWER-D) Section 3
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 - CORRECT ANSWER-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 - CORRECT ANSWER-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 - CORRECT ANSWER-C) the same force and effect as law.
Which of the following is NOT an example of actual fraud
A) lying B) Misrepresentations made without fraudulent intent C) suppressing known facts D) a promise
made without any intention of performing it - CORRECT ANSWER-B) Misrepresentations made without
fraudulent intent
A deed that makes no express or implied warranties that the grantor owns any interest in a property is
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