If a seller w - Study guides, Class notes & Summaries

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

MD Real Estate PSI National Exam 2 Latest Update Graded A+ A person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenants to see if they want to allow the handicapped person a parking space. must give a parking space near the door to the handicapped ...

The listing broker is the seller's CORRECT ANWER agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's CORRECT ANWER customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? CORRECT ANWER Single agency Multiple Representation may only occur if CORRECT ANWER there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a cli...

Intangible taxes are charged against the amount new funds burrowed by the buyer (less any part of the seller's loan assumed by the buyer). Alex bought a condo for $110,750 and put $11,500 down. What would the intangible recording tax be? $110,750 - $11,500= $99,250 in new debt/ 500= $198.50 (round up to $199) x $1.50= $298.50 Dain and Sherly's home sold for $751,150. They owe $675,900 on their mortgage. What will their net be after they pay $24,500 in expenses and a 6.8% commission? C...

OACIQ EXAM PREPARATION SET 2024 QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ 1. Successions with a Will - Who signs?: No liquidator = all legatees W/ a liquidator = full admin liquidator or simple admin liquidator with authorizationfrom legatees and legal heirs. 2. Successions w/o aWill -Who signs?: No liquidator = All legal heirsW/ a liquidator = liquidator authorized by legal heirs 3. Successions -What documents do you need?: During liquidation of the suc-cession? -Declaration of tran...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

E If a ≠ b and 1/x + 1/a = 1/b, then x = A. 1/b - 1/a B. b - a C. 1/ab D. a - b/ab E. ab/a - b C The graph of which of the following equations is a straight line parallel to the graph of y = 2x ? A. 4x - y = 4 B. 2x - 2y = 2 C. 2x - y = 4 D. 2x + y = 2 E. x - 2y = 4 A An equation of the line that contains the origin and the point (1, 2) is A. y = 2x B. 2y = x C. y = x -1 D. y = 2x +1 E. y/2 = x - 1 E An apartment building contains 12 units consisting of ...

National Real Estate Exam Prep Answered 100% Correctly 2024 National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd p...

Indiana Real Estate Exam Questions and Answers 100% Pass The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer- Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer- Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer- compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer- ...

The listing broker is the seller's - agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Single agency Multiple Representation may only occur if - there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - no later than the time of agency agreement Ag...