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

Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) "Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate ...

Michigan Real Estate Exam (set 9) Questions and Answers Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%. Knowing this, what was the original asking price on the home? $50,000 To figure this out, take the sale price and divide it by 97% (100%-3% loss=97%). So, $48,500/97% = $50,000. A seller was selling an unimproved 1.1-acre lot for $10,000. The seller listed the property ...

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All of the following include a real estate interest except: A. Apple trees B. Farm equipment C. Air rights D. Barns - B. Farm equipment An owner of a 90 acre parcel of land wishes to split the land without platting. Under the michigan land devision act, how many parcels may this owner get if he does not create any new roads? A. 12 B. 14 C. 10 D. 8 - A. 12 In estimating the value of a single-family home, an appraiser would most likely use which approach? A. Income B. Capitalization R...

Michigan Real Estate Exam Questions And Correct Answer New Update Fiduciary - Answer -A person, such as an agent, placed in a position of trust; Essentially the same as a trustee. Fiduciary Duties / Agent Responsibilities - Answer -O.L.D. C.A.R. Obedience Loyalty Disclosure of information Confidentiality Accounting Reasonable Skill, Care, & Diligence Caveat Emptor - Answer -let the buyer beware An Appraiser - Answer -Estimates Value Freehold Estates - Answer -Indicat...

(7) MICHIGAN REAL ESTATE EXAM - PROPERTY OWNERSHIP EXAM QUESTIONS FULLY SOLVED &UPDATED 2024

(7) MICHIGAN REAL ESTATE EXAM - PROPERTY OWNERSHIP EXAM QUESTIONS FULLY SOLVED &UPDATED 2024

Michigan Real Estate Exam Questions and Answers

Michigan Real estate exam with answers graded A+

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