Exam (elaborations)
Principles Of Real Estate II Final Exam (70 Questions) With 100% Correct And Verified Answers
- Course
- Institution
Principles Of Real Estate II Final Exam (70 Questions) With 100% Correct And Verified Answers
[Show more]
Content preview
Principles Of Real Estate II Final Exam(70 Questions) With 100% Correct And
Verified Answers
1. The ______________ is the most active in the
regulation of real estate licensees. - Correct
Answer-d) state government
2. Which of the following is necessary for a deed of
conveyance to be valid? - Correct Answer-b) The
deed must be in writing
3. The primary distinction between the legal
concepts of real estate and real property is that -
Correct Answer-a) real property includes ownership
of a bundle of rights.
4. An applicant for a salesperson license must -
Correct Answer-c) have a finger printing and
background check prior to receiving a license.
5. TRELA makes provisions for - Correct Answer-c)
a prerequisite of a minimum of 15 classroom hours
counted toward license renewal every two years.
6. A(n) ______________ is a freehold estate that is
limited to the duration of the life of the owner. -
Correct Answer-b) life estate
7. What distinguishes a lien from other types of
encumbrance? - Correct Answer-a) It involves a
monetary claim against the value of a property.
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, 8. What type of conventional life estate ends with
the death of the life estate owner? - Correct
Answer-b) Ordinary life estate
9. When speaking of real estate market dynamics,
the amount of available properties that becomes
occupied over a period of time is called - Correct
Answer-b) absorption.
10. What is the primary danger of allowing an
encroachment? - Correct Answer-c) Over time, the
encroachment may become an easement by
prescription that damages the property's market
value.
11. What statement is TRUE of payment that is
made from the real estate recovery fund on account
of a licensee's acts? - Correct Answer-d) The license
is suspended immediately, but will be reissued
upon reimbursement of the fund, with interest.
12. A salesperson listed a home and then
transferred his license to another broker. Which of
the following is true? - Correct Answer-d) The
listing will stay with the original broker.
13. A licensee is required to keep the Commission
updated with - Correct Answer-a) her current email
address.
14. When an owner leases her property, she
temporarily relinquishes the right to - Correct
Answer-c) occupy the property.
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
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 Vendarsol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. 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
