A single parcel is va - Study guides, Class notes & Summaries

1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single woman. After her marriage to William Roberts, she executed a deed to the property only in the name of Johan Roberts, a married woman. The discrepancy in the grantors name is: A. Valid if William Roberts agrees to it B. A defect on title that may cause title to be vested as tenants in common C. Immaterial if the property is properly described D. A defect which may cause a cloud on the title ...

Real Estate National Exam Prep #3 Questions and Answers 100% Pass Under an exclusive right to sell listing, a license holder has the authority to take which of the following actions on behalf of a seller? (a) make price adjustments based on feedback from showings (b) refuse to present offers that the salesperson feels are too low (c) advertise the property for sale (d) offer a lease purchase arrangement to a prospective buyer - Correct Answer ️️ -(c) advertise the property for sale ...

All of the following are ways by which an offer to purchase real estate would be terminate, except - Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make the application to - Department of Veterans Affairs Whic...

Real Estate National Exam Prep #3 Questions and Answers 100% Pass Under an exclusive right to sell listing, a license holder has the authority to take which of the following actions on behalf of a seller? (a) make price adjustments based on feedback from showings (b) refuse to present offers that the salesperson feels are too low (c) advertise the property for sale (d) offer a lease purchase arrangement to a prospective buyer - Correct Answer ️️ -(c) advertise the property for sale ...

RE License Test Questions and Answers Latest Update 2024/2025 Graded A+. Blake is allowed to use his property in a way that's prohibited under current zoning ordinances, because those ordinances would cause undue hardship for him. What gives him this permission? - answerUSE VARIANCE; This is a Use Variance. In contrast, an applicant for a Special Use permit doesn't have to show hardship, simply that the proposed use meets the conditions already contained in the ordinance (e.g., change in s...

Final Exam A California real estate (2022/2023) Already Passed All of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make t...

McKissock Basic Appraisal Principles Exam Questions and Answers An appraiser paid a referral fee in conjunction with an assignment. Which statement is TRUE regarding this situation, according to USPAP? -Answer-The appraiser must disclose that a fee was paid, but does not have to disclose the amount paid. An appraiser finds out after completing an appraisal that the lender/client's loan did not close. What should the appraiser do regarding the appraisal fee? -Answer-Charge the agreed-upon...

Final Exam A California real estate (2022/2023) Already Passed All of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would m...

Conventional Mortgages neither insured nor guaranteed. Typically requires 20%-25% down payment. Conventional with PMI (Private mortgage insurance) A conventional loan with insurance on it- up to 20%. The law passes in 1998 made it mandatory for the lenders to drop the PMI when the loan balance reaches 78% of the original value of the property. Borrower can request the lender to drop the PMI, when the balance reaches 80% of the value of the property. FNMA and FHLMC encourages lenders to ...

McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE reg...