A man just sold a condo - Study guides, Class notes & Summaries

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...

National Real Estate Exam - Guide to Pearson Vue Book, Questions And Correct Answers An estate for years The phrase definite duration refers to: A periodic tenancy A lease that automatically renews itself, in the absence of notice, is: $66,666 A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor A requirement of a valid deed is that the deed be: The Truth In Lending Act To locate buyers for other pro...

An estate for years - The phrase definite duration refers to: A periodic tenancy - A lease that automatically renews itself, in the absence of notice, is: $66,666 - A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - A requirement of a valid deed is that the deed be: The Truth In Lending Act - To locate buyers for other properties, a broker advertised a property that was not availab...

National Real Estate Exam - Guide to Pearson Vue With 100% Correct Answers

An estate for years - ANSWER-The phrase definite duration refers to: A periodic tenancy - ANSWER-A lease that automatically renews itself, in the absence of notice, is: $66,666 - ANSWER-A man just sold a condo for $80,000. This gave him a 20% profit on what he paid. What did the man pay? $80,000/1.20 Signed by the grantor - ANSWER-A requirement of a valid deed is that the deed be: The Truth In Lending Act - ANSWER-To locate buyers for other properties, a broker advertised a property ...

Real Estate Broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee. Real Estate Salesperson A person performing any of the acts included in the definition of real estate broker but while associated with and supervised by a broker. Value The present worth of future benefits. Price The amount a purchaser agrees to pay and a seller agrees to accept under the circumstances surroun...

Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays separately from the base rent. - Taxes, insurance, and maintenance When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? - The lower p...

National Real Estate Exam - Guide to Pearson Vue Book Questions with complete solutions 2024/RATED A+

QUESTIONS AND ANSWERS

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - ANSWER-improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - ANSWER-riparian A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and shelves. Which of the following ...