Proration - Study guides, Class notes & Summaries

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - ️️270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - ️️Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 - ️️1.24 What is the general formula to determine Capital Gain? - ️️Profit from Sale - Base Value = Capital Gain A pro...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

COLORADO PRACTICE TEST FOR PSI EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+/ The brokerage firm owns the listing contract and has designated a broker to represent the seller. In this case, the designated broker: A. performs the services and represents the seller. B. is an employing broker, both represent the seller. C. is not supervised by the employing broker. D. will be an agent of the buyer. - -performs the services and represents the seller. Only a designated broker has an agency...

Loss - ANSWER-a financial loss or decrease in value. Interest - ANSWER-money repaid regularly at a specified rate as compensation for money lent. Principal - ANSWER-the amount lent to a borrower to purchase a house. Mortgage - ANSWER-a secured loan that is tied to real estate, where the borrower has to pay the money back to the lender on a set schedule and amount of payments; also "liens against property" or "claims on property" Amortization - ANSWER-repayment of a loan principal...

AYPO Real Estate Principles of Real Estate II Exam Study Guide Already Passed If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 1.24 What is the general formula to determine Capital Gain? Profit from ...

AYPO Real Estate Principles Of Real Estate II Exam 2024 Questions and Correct Answers. If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - Answer- 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - Answer- Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 - Answer1.24 What is the general formula ...

3. In real estate, which of the following is correct about the term "title?" - correct answer Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? - correct answer Page two, under other costs On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two months' worth, are...

Down Payment -ANSWER - The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration -ANSWER - The allocation or distribution of an annual expense across smaller chunks of time Acreage -ANSWER - A unit of measurement used to determine the size of land; 1 acre = 43560 square feet Appraisal -ANSWER - The value of property, based on factors determined by a certified appraiser General data -ANSWER - Information about the ar...

COLORADO PRACTICE TEST FOR PSI QUESTIONS AND ANSWERS, RATED A+/ VERIFIED. The brokerage firm owns the listing contract and has designated a broker to represent the seller. In this case, the designated broker: A. performs the services and represents the seller. B. is an employing broker, both represent the seller. C. is not supervised by the employing broker. D. will be an agent of the buyer. - -performs the services and represents the seller. Only a designated broker has an agency r...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - ️️270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - ️️Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 - ️️1.24 What is the general formula to determine Capital Gain? - ️️Profit from Sale - Base Value = Capital Gain A pro...