Bundle For Barney Fletcher Exam Questions with Correct Answers

Barney Fletcher Cram Final Exam Questions and Answers A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency l...

Barney Fletcher Section 3 Exam Questions with Correct Answers Void Contract - Answer-Not legally binding Covenant - Answer-An agreement or a pledge between two or more parties Valid Contract - Answer-Must contain certain essential elements Voidable Contract - Answer-May be declared void...

Barney Fletcher Exam Questions with Correct Answers 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. s...

Barney Fletcher Cram Notes Booklet deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogen...

Barney Fletcher Section 1 Exam Questions and Answers Bundle of Rights - Answer-the legal rights that accompany real property ownership. Real Estate or Real Property - Answer-Land, improvements, & legal rights of ownership Appurtenance - Answer-rights, privileges or improvements that belong...

Barney Fletcher Exam Questions with Answers In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed f...

Barney Fletcher GA Section 2 Exam Questions and Answers Title - Answer-The right to, ownership of land. Alienation of title - Answer-any change of ownership THREE TYPES OF TITLES - Answer-LEGAL TITLE EQUITABLE TITLE BARE LEGAL TITLE legal title - Answer-The right of ownership poss...

Barney Fletcher Exam 4 Questions and Answers 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 - Answer-B. conformity If you took pro...

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