Barney Fletcher BUNDLED exams 2023 with 100% correct answers

False Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, ...

which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitution B. conformity C. highest and best use D. competition B. conformity If you took projected future costs from projected future income, ...

A 40 unit apartment building rented units for $300 per month. The annual gross rent multiplier was 10. What was the value? A. $120,000 B. $144,000 C. $1,200,000 D. $1,440,000 D. $1,440,000 40 x $300 per month x 12 months = annual rent of $144,000 x an annual multiplier of 10 = $1,440,000 ...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution B. highest and best use What could...

Leasehold Estate- Estate for Years A lease for a specific perios of time, with no renewal option. No notice required. Death will not terminate. Leasehold Estate- Periodic Tenancy (Estate from year to year) Month to Month, usually one rental period notice. Proper notice is 60 days from land...

1. Open Listing (Non-Exclusive) May be given to many brokers. Only the broker who is the "procuring cause" gets paid. 2. Truth in Lending Act (Regulation Z) Requires meaningful disclosure of cost of credit including APR (Annual Percentage Rate). 3. Trust Accounts Holding valuables...

Consists of: the land itself, airspace above the land, mineral rights, improvements of and to the land, fixtures, fructose naturals, water rights, appurtenances, easements, and interests, benefits and ownership rights What is the nature of real property? All property that is not real proper...

Which of the following are appointed by the governor? a. Members of the Georgia Real Estate Commission. b. The Real Estate Commissioner. c. Real estate instructors. d. Georgia Real Estate Commission employees. a. Members of the Georgia Real Estate Commission. Bill knows that his neighb...

Barney Fletcher exam 2023 with 100% correct answers

Two Brokers have a dispute about a commission split. Which of the following could become involved in settling their dispute? a) a court of competent jurisdiction b) The real estate commission c) The commissioner d) The Department of Justice a ABC Corporation owns 10 apartment buildings ...

Open Listing a listing made available to more than one broker Novation substitution of a new contract for an old one Net Listing a listing where the net amount due to the seller us specified, rather than the selling price. The broker's commission would be any sale price above the t...