Exam (elaborations)
AYPO REAL ESTATE EXAM WASHINGTON
- Course
- Institution
AYPO REAL ESTATE EXAM WASHINGTON
[Show more]
Content preview
AYPO REAL ESTATE EXAM WASHINGTONBroker`s price opinion means:
a. an oral report of property prepared by a licensee written report of property prepared
by a licensee both neither
b. written report of property prepared by a licensee
c. both
d. neither - Answers-c. both
What license must a designated broker hold?
a. designated broker's license
b. managing broker's license
c. broker's license
d. no license is required - Answers-b. managing broker's license
A purchaser encumbers real property as security for an obligation without surrendering
rights of possession. This is usually accomplished by a mortgage or trust deed. This
practice is called:
a. hypothecation
b. emblements
c. amortization
d. homesteading - Answers-a. hypothecation
No transfer, sale, offer, or advertisement of subdivision lots can be made until:
a. The preliminary plat is approved
b. The subdivision is inspected by the real estate division
, c. The final plat map is approved and recorded
d. The governor signs his approval - Answers-c. The final plat map is approved and
recorded
Mr. Smith delivers Mrs. White a deed with the intent to pass title and asks Mrs. White
not to record until Mr. Smith dies. When does the title transfer?
a. Upon the death of Mr. Smith
b. When Mrs. White records the deed
c. It is void and will never transfer
d. Immediately upon delivery of the deed to Mrs. White - Answers-d. Immediately upon
delivery of the deed to Mrs. White
The FHA will insure: 1. first mortgages 2. second mortgages
a. 1 only
b. 2 only
c. both
d. neither - Answers-a. 1 only
The method used to compute depreciation in appraisal is called:
a. functional
b. economic
c. accelerated
d. straight line - Answers-d. straight line
Life insurance companies mortgage holdings are greatest in:
a. farm loans
b. conventional residential loans
c. large commercial and apartment building loans
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now