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Superior School of Real Estate Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025 Update) $10.99   Add to cart

Exam (elaborations)

Superior School of Real Estate Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025 Update)

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  • Course
  • Superior School of Real Estate
  • Institution
  • Superior School Of Real Estate

Superior School of Real Estate Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest 2024/ 2025 Update) Q: Which of the following scenarios best illustrates first substantial contact? Answer: Seller states that she must relocate by the end of the year. Q: Liens, rest...

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  • November 11, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Superior School of Real Estate
  • Superior School of Real Estate
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nurse_steph
SuperiorlSchoolloflReallEstatelExam|l
QuestionslandlVerifiedlAnswers|l100%l
Correct|lGradelAl(LatestlUpdate)

Q:lWhichloflthelfollowinglscenarioslbestlillustrateslfirstlsubstantiallcontact?

Answer:
Sellerlstateslthatlshelmustlrelocatelbylthelendloflthelyear.




Q:lLiens,lrestrictivelcovenants,leasements,landlencroachmentslarelalllexampleslof...

Answer:
Encumbrances.




Q:lAldetachedlworkshoplextendsloverlthelpropertyllinelontolthelneighboringllotlbylsixlinches.
lThisllegallylconstituteslaslal(an)...


Answer:
Encroachment.




Q:lAlNorthlCarolinalbrokerlislrequiredltoldeliverlalllexecutedlcontractsltolhis/herlclientslnolla
terlthan...


Answer:
Threeldayslafterlreceiptlbylthelbroker.

,Q:lAlbuyerlwholislMuslimlinstructslthelbrokerltolshowlthelbuyerlpropertieslthatlarellocatedlin
lneighborhoodslthatlhavelalhigherlnumberloflMuslimlresidents.lIflthelbrokerlcomplieslwithlthisl
client'slinstructionslthelbrokerlwilllbelin...


Answer:
CompliancelwithlthelCivillRightslActlofl1866,lbutlinlviolationloflthelFederallFairlHousinglAct.




Q:lWhichloflthelfollowinglstatementslregardinglthelTILA-
RESPAlIntegratedlDisclosurel(TRID)lrequirementslisltrue?


Answer:
Withinlthreeldaysloflreceivinglalloanlapplication,lthellenderlmustlprovidelthelapplicantlwithlall
oanlestimate.




Q:lAlhousellocatedlwithinlthelcityllimitslhaslalcurrentlmarketlvaluelofl$485,000laccordingltol
alrecentlappraisal.lThelassessedlvaluelfromlthellastlcounty-
wideltaxlvaluationlisl$412,250.lTheltaxlratelisl$.92lperlhundredlforlthelcountylandl$.34lperlhun
dredlforlthelcity.lWhatlisltheltotallannuallpropertyltaxlliabilitylonlthelproperty,lroundedltoltheln
earestldollar?


Answer:
$5,194




Q:lWhichloflthelfollowinglsituationslwouldlbelconsideredlalmateriallfactlinlNorthlCarolina?

Answer:
Thelsellerlhaslbeenlservedlwithlalforeclosurelnotice.

, Q:lThelfiduciaryldutiesloflanlexclusivelbuyer'slagentlinclude...

Answer:
Concealinglclientslconfidentiallinformation.




Q:lAltitlelinsurancelpolicy...

Answer:
Protectslthelpurchaserland/orlthellenderlagainstllossldueltolanlexistinglcoveredltitleldefectlthatl
waslundiscoveredlwhenlthelpolicylbecameleffective.




Q:lRegulationlZlonlthelTruth-In-LendinglActlrequireslthatllenders...

Answer:
Discloselmortgagelloanlfinancelchargeslandlinterestlrateltolborrowers.




Q:lWhichloflthelfollowinglstatementslaboutldeedslisltrue?

Answer:
Alspeciallwarrantyldeedlcontainslalpromiselthatlthelgrantorlwilllconveyltitlelonlthelpropertylwit
houtlanylencumbrances.




Q:lUnderlthelNorthlCarolinalResidentiallRentallAgreementslAct,

Answer:
Tentantcanusewithheldpaymentofrenttopayforrequiredrepairs

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