45 Hour Post License (100% Accurate Answers)

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? correct answers The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common ...

agency correct answers The relationship of agents and their principals buyer brokerage agreement correct answers An agreement between a buyer and a broker for the broker to provide services to a buyer for compensation. The broker may be acting as a single agent, transaction broker, or a nonrepese...

Base Industry correct answers An industry that produces goods and services for export from the region. Service Industry correct answers An industry that produces goods or services to sell to local residents. Economic Base correct answers The ability of a region to export goods and services to ...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for correct answers $300,000 What facts need not be disclosed in a real estate transaction? correct answers The property was the site of a homicide. What is a good graphic to sho...

Farming correct answers one type or style of property or one particular neighborhood residential transaction correct answers *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or...

Forbearance or Moratorium (to avoid foreclosure) correct answers waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan correct answers involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse lo...

Under the Americans with Disabilities Act, there must be at least one accessible parking space for every correct answers 25 spaces The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At least one space must be van accessible (eight feet wide with an ei...

Farming correct answers Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or l...

No brokerage relationship correct answers When a customer chooses not to be represented by a Real Estate Broker. This relationship owes only three duties. 1) Dealing honestly and fairly. 2) Disclose all known facts that materially affect the value of the real property. 3) Account for all funds....