Barney fletcher exam 2 - Study guides, Class notes & Summaries

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

Barney Fletcher Cram Notes Booklet Exam deed - Answer-the instrument used to transfer real property Title - Answer-Ownership and the owner's rights Real Estate - Answer-Land + improvements (appertenances) Physical Characteristics of Land - Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land - Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property - Answer-anything that is not real property; Chattel Sever...

A 40 unit apartment building rented units for $300 per month. The annual gross rent multiplier was 10. What was the value? A. $120,000 B. $144,000 C. $1,200,000 D. $1,440,000 D. $1,440,000 40 x $300 per month x 12 months = annual rent of $144,000 x an annual multiplier of 10 = $1,440,000 A seller listed property for sale. There were a limited number of houses available in the area. There were also a great number of buyers interested in purchasing homes in that area. What would M...

Barney Fletcher Exam 2 – Questions & Correct Answers

Barney Fletcher Exam 2: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition B. highest and best use - An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution B. title insurance policy - What could guarantee no encroachments and good title? A. assumption package B. ti...

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a pr...

BARNEY FLETCHER FINAL EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 250 QUESTIONS WITH DETAILED VERIFIED ANSWERS AND RATIONALES /ALREADY GRADED A+

An appraiser recommended tearing down a $28,000 house. There was a shopping center across the street. Which of the following appraisal principles BEST describes this situation? A. deterioration B. highest and best use C. capitalization D. substitution - B. highest and best use What could guarantee no encroachments and good title? A. assumption package B. title insurance policy C. survey D. termite inspection - B. title insurance policy Which of the following statements is true of a pr...

Barney Fletcher Cram Final Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition Barney Fletcher Exam 2: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition Barney Fletcher Cram Final Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition B. an exclusive right to sell listing - A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell...

Exam 2 Barney Fletcher 2024 Updated Questions with Verified 100% Correct Answers Latest Edition