Subdivider - Study guides, Class notes & Summaries

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

Hawaii Real Estate Exam State Only Complete Answers Land ownership documents are recorded in the public record at ️Bureau of Conveyances in Honolulu The land classification containing the smallest amount of land state-wide is ️Rural A division of land extending from the top of the mountain to the ocean is called ️Ahupua'a A husband or wife may claim a 1/3 elective share of the other's estate at the decedent's death under what code? ️Under Hawaii's Uniform Probate Code for p...

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...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

California Real Estate Practice Exam #2 questions and answers latest top score. 1.An escrow closed on May 16, 2002. Property taxes for the fiscal year 2002-03 are: (A) Seller's personal responsibility; (B) Buyer's personal responsibility; (C) A lien on the property; (D) None of the above - correct answers.c 2.On June 10, a prospective buyer gave broker and signed the usual form of an offer to deposit to a purchase property. The deposit form included the statement, Th...

How does subdividing differ from real estate development? - correct answerA developer constructs improvements to the land; a subdivider separates it into smaller units. If a licensee acts as an independent contractor, then - correct answerhe controls his own working hours. When two or more parties are bound to act as described in the contract, this is referred to as a: - correct answerbilateral contract A type of value estimate approach, in which value equals the estimated land value pl...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - ANSWER-Equity A broker, acting as a property manager, would be considered what type of agent? - ANSWER-General A contract has been signed, but title has not yet been passed. The contract is... - ANSWER-Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of the closing for ...

Arizona broker price opinions (BPOs) are perfectly legal if all of the following apply EXCEPT - the opinion must be provided by an Arizona real estate broker. What is the maximum dollar amount a subdivider/developer can accept for a lot reservation? - $5,000 If the holder of a judgment against a real estate licensee is going to file a claim against the Real Estate Recovery Fund, the judgment holder must file the claim within _____ of obtaining the judgment. - two years The grace period ...

Brad Wattles fell behind in his real property tax payments, and lost his home to a speculator through foreclosure. Nine months later he received a cash settlement in a medical lawsuit. Can exercise his statutory right of redemption by paying the new owner the amount of the back taxes, fines, interest and all other expenses the speculator incurred in purchasing the property on the courthouse steps. - Yes. There is a 1 year redemption period for tax foreclosures (but none for mortgage foreclos...

CompuCram question and answers graded A+ 2023 Passed What is a material fact that must be disclosed? - correct answer Water tank under the house What is the legal basis of the relationship that exists between a broker and his sales staff? - correct answer Real estate licensing statutes A tenant has a monthly rent of $600 and an agreed-to security deposit of $1,400 that the broker is holding in a broker's trust account. The landlord also collected a non-refundable cleaning deposit of $250....