Llinois real estate - Study guides, Class notes & Summaries

Illinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsIllinois Real Estate Leasing Exam Prep with Complete SolutionsAcceptance By Ratification - ANSWERThe acceptance of lease terms that occurs when a tenant takes possession of the property but ...

Illinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% CorrectIllinois Real Estate; Practice Exam – 02 Questions and Answers 100% Correct When waterborne silt is deposited in a lake or river bed, the land gradually increases by the process of - ANSWER-Accretion A survey is the process of - ANSWER-determining the size and bo...

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct Fiduciary responsibilities agent has to its principal - ANSWER-OLD CAR ; Obedience, Loyalty, disclosure, confidentiality, accounting, reasonable skill and care alienation - ANSWER-The act of transferring property to another. Alienation may be voluntary, s...

Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions Illinois Real Estate Exam Prep: Chapter 57- Real Estate Calculations with Complete Solutions What is the difference between semiannual, biannual, and biennial? - ANSWER-- Semiannual means twice per year at 6...

Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of another person Fee simple qualified estate - Also called fee simple defeasible estate. 3 different types Few simple precedent - Ownership (title) won't pass from one person to another until a partic...

Illinois Real Estate License Test Graded A+ Brokerage ️the business of bringing people together in a real estate transaction real estate licensee ️acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or for both llinois license categories ️broker, managing broker, and leasing agent Appraisal ️is the process of estimating a property's market value ...

Illinois Real Estate Leasing Exam Prep Questions With Correct Answers.

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct When private property become ownerless due to the death of the owner, the state or county government may exercise its reversionary claim to that property under the right of: - ANSWER-Escheat A developer divided 5 acres into 20 equal lots all having depth ...

llinois Real Estate Practice Exam/ 225 Qs & Ans . Terms like: Title Insurance - Answer: Best evidence of marketable title A borrower has a mortgage loan that requires monthly payments of $936.25 for 10 years and a final payment of $136,287. Type of loan? - Answer: Balloon Loan Brokers should deposit all earnest money checks they receive into an escrow account or trust account to prevent being accused. - Answer: Commingling

Illinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% VerifiedIllinois Real Estate Exam Prep FINANCING Questions and Answers 100% Verified VA Loan - ANSWER-A loan backed by the U.S. Department of Veterans Affairs which offers veterans and service personnel the opportunity to buy a home with favorable terms, often with no down pay...