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TN Exam Prep Test 7 Verified and 100% Correct Q & A, Complete Document for Exam
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TN Exam Prep Test 7 Verified and 100% Correct Q & A, Complete Document for Exam
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TN Exam Prep TestEnter the letter for the matching Answer
1. A transfer by a tenant of portions A. tax deed
of the rights and obligations of a
lease to another party, the B. encroachment
sublessee. The original tenant
remains primarily liable to the C. sublease
landlord for fulfilling lease
D. executor to convey decedent's estate
obligations.
2. A major secondary mortgage E. "discrimination in housing
market organization which buys
conventional, FHA, and VA loans F. pur autre vie
and sells mortgage backed G. security
securities.
3. Tennessee does not recognize H. sole proprietorship
this type of agency which is
based on a person's actions to I. broker
determine agency relationship J. substitution
4. A deed used to convey title to a
property sold in a tax foreclosure. K. = 40 acres
5. A business entity with an L. 7
individual as sole owner. The
death of the owner terminates the M. Federal Home Loan Mortgage Corporation
business. (Freddie Mac)
6. Do-not-call registry; 90 days N. business brokerage
allow for inquiry contacts -
persons who contact you (calls O. for land trust
on properties, visitors to open
houses); Violations range from P. qualification
$500 - $16,000 penalties; Can-
Q. predatory price cutting and certain labor strikes,
spam is for commercial electronic
picketing and boycotts
marking. (Fax, emails, text
messaging) R. State Constitution
7. An appraisal principle that holds
that a buyer will pay no more for S. State vs. Federal Laws
a property than a buyer would
T. Implied Agency
pay for an equally desirable and
available substitute property.
Forms the foundation for the
sales comparison approach to
value.
8. ----- must be in the business of
real estate
9. Deed in trust
10.
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