Barney fletcher exam - Study guides, Class notes & Summaries

Barney Fletcher Exam Questions And Answers A property was worth $289,000 if capitalized at 4%. What is it worth if it capitalized at 5%? A. $185,000 B. $231,200 C. $300,000 D. $325,000 B. $231,200 $289,000 x 4% = $11,560 divided by 5% = $231,200

In doing a market analysis, you find a recently sold property where the owners had just gone through a divorce. It was listed for $60,000 for 3 months but sold for $40,000. Would you use this as a comparable? A. no, because it had only been listed for 3 months B. no, because of the divorce, it was not an arms length agreement C. yes, you would use the actual sales price of $40,000 D. yes, because it was a comparable type property - ANSWER B. no, because of the divorce, it was not an arms l...

Post License Course (Barney Fletcher) Exam Questions and Answers

Georgia Real Estate - Barney Fletcher Exam

Barney Fletcher Exam questions |100 questions and answers latest update

Barney Fletcher Real Estate Exam correctly answered 2023 False - correct answer Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? D - correct answer Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed C - correct answer Which of the following is NOT an improvement of land?...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - ANSWER B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - ANSWER B. title insurance policy Which of the following state...

Barney Fletcher Exam - Questions & Answers (100%)