Oklahoma real estate - Study guides, Class notes & Summaries

Solutions Manual—Essentials of Federal Taxation, by Spilker et al. © McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC. 1 Chapter 1 An Introduction to Tax SOLUTIONS MANUAL Discussion Questions (1) [LO 1] Jessica’s friend Zachary once stated that he couldn’t understand why someone would take a tax course. Why is this a rather naïve view? Taxes are a part of everyday life and have a financial effect on many ...

$1,000 - Answer-The declaration of homestead in Oklahoma, filed by the head of a family by March 15, will exempt from the assessed valuation of the property the amount of 1 - Answer-How many base lines intersect each principal meridian in the rectangular survey system 12 - Answer-How many lots, each measuring 72.5 feet wide by 100 feet deep, could be made from a two-acre parcel of land? 4 - Answer-How many years are the Oklahoma Real Estate Commissioners appointed to serve? 40 - Answer-How...

Oklahoma Real Estate Exam Questions and Answers Rated A+ How does the code Define Real Estate? Shall Include any interest or estate in real property. Does NOT include the interest of oil, gas or other mineral interest Real Estate Broker Shall include any person , Partnership, association, or cooperation, who for a fee lists, sells, offers to sell, buys, or attempts to buy, exchanges, rents, leases, or attempts to negotiate any such activity Broker Associate Shall include any perso...

Oklahoma Real Estate Test Questions with Complete Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing,Contracts & Valuation The regulatory body established by the legislature and empowered to carry out ...

According to the rules what constitutes good moral character - Answer-(1) Whether the probation period given in a conviction has been completed and fully satisfied to include fines, court costs, etc. (2) Whether the restitution ordered by a court in a criminal conviction or civil judgement has been fully satisfied. (3) Whether a bankruptcy that is real estate related has been discharged. (4) Whether an applicant has been denied licensure or a license has been suspended or revoked by this o...

Oklahoma Real Estate Test Questions with Certified Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing, Contracts, & Valuation The regulatory body established by the legislature and empowered to carry o...

Oklahoma Real Estate Latest Version Rated A+ Abrogate To abolish in a public manner or end something when formal steps are needed Abstract of Title A summary or copy of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which may impair title. Abutting The joining, reaching or touching of adjoining land, Abutting parcels of land have a common boundary. acc...

OKLAHOMA REAL ESTATE EXAM PREP LATEST UPDATE GRADED A+ WHAT TYPE OF CONTRACT IS A REAL ESTATE OPTION CONTRACT? UNILATERAL CONTRACT DURING AN APPRAISAL OF A RESIDENTIAL PROPERTY AN APPRAISER ESTIMATES THE COST OF REBUILDING THE SUBJECT PROPERTY SO THAT IT IS IDENTICAL TO ITS CURRENT SIZE AND CONDITION IS AN EXAMPLE OF WHAT TYPE OF APPRAISAL PRINCIPLE? SUBSTITUTION ACCORDING TO THE STATUTE OF FRAUDS IN ORDER FOR A REAL ESTATE SALES CONTRACT TO BE ENFORCEABLE IN COURT THEY MUST BE ...

: According to the common law of agency, a licensee has which of the following obligations to an individual that prefers to remain a customer rather than become a client? - Answer-HONESTY AND FAIR DEALING "Without both parties' written consent, the broker is prohibited from representing both a seller and a buyer in the same transaction," defines: - Answer-DUAL AGENCY A asked you to appraise their property. This property had no monthly income and had no comparables in the market. You wou...

Oklahoma Real Estate Final Questions and Answers Rated A+ Cost Approach is most often used for recently built properties where the actual costs of development and construction are known. It is also used for special purpose buildings which cannot be valued by the other methods because of lack of comparable sales or income data. Income Capitalization Approach Used when valuing income producing property, value is determined by Net Operating Income Approach to valuation or appraisal a...