Illinois real estate exam - Study guides, Class notes & Summaries

Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions What is the difference between semiannual, biannual, and biennial? - ANSWER-- Semiannual means twice per year at 6...

ILLINOIS REAL ESTATE BROKER EXAM NEWEST 2024 COMPLETE EXAM AND PRACTICE QUESTIONS 300 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct Fiduciary responsibilities agent has to its principal - ANSWER-OLD CAR ; Obedience, Loyalty, disclosure, confidentiality, accounting, reasonable skill and care alienation - ANSWER-The act of transferring property to another. Alienation may be voluntary, s...

Illinois Real Estate Practice Exam Questions and Answers Objectives of Federal Reserve System - Answer- To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market Remainder Interest - Answer- A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second es...

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Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified Illinois Real Estate Exam- National Portion Questions and Answers 100% Verified What does the statue of frauds require? - ANSWER-That certain types of contracts, like property ownership transfer, be in writing to be legally enforceable. Offer an...

A large manufacturing company agrees to relocate to an economically depressed neighborhood of Chicago if the city can provide suitable property. The property needed is a large vacant lot owned by an investment partnership that refuses to sell. If the City of Chicago wants to relieve unemployment in the neighborhood and improve commercial conditions in the city by bringing in the manufacturer, what can the city legally do? A) Nothing; private real property is exempt from the power of eminent dom...

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Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types Few simple precedent - Ownership (title) won't pass from one person to another until a partic...