Tax prorations - Study guides, Class notes & Summaries

Law of Contracts - Champions Test | Questions & Answers (Graded A+) Law of Contracts - Champions Test | Questions & Answers (Graded A+) 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: - ...

LAW OF CONTRACTS CHAMPIONS Real Actual Exam Questions And Revised Correct Answers Already Passed!! A contract in which only one party is obligated to perform is a________ contract. - ANSWER : unilateral For tax prorations: - ANSWER : If taxes are not paid at or prior to closing the buyer shall pay for the current year, If taxes for the current year vary from the amount prorated at closing, the parties shall adjust the prorations when tax statements for the current year are...

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 ...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

LAW OF CONTRACTS CHAMPIONS Real Actual Exam Questions And Revised Correct Answers Already Passed!! A contract in which only one party is obligated to perform is a________ contract. - ANSWER : unilateral For tax prorations: - ANSWER : If taxes are not paid at or prior to closing the buyer shall pay for the current year, If taxes for the current year vary from the amount prorated at closing, the parties shall adjust the prorations when tax statements for the current year are...

the "Common Interest Community Governing Documents" subsection of the residential sales contract requires the "Governing" and "Financial" documents be delivered to buyer on or before the title Deadline by the: correct answers seller A major purpose of Commission Rule F is to: correct answers help brokers comply with the Colorado Supreme Court Conway-Bogue decision. A heavily encumbered property sells for $200,000.00 with anticipated total cash proceeds to the out-of-state seller of $...

An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the - selling price as possible income tax liability The Closing Instructions form - must be part of every contract According to statue, "good funds," include a - tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: - Disclose the name and address of the landlord According to the Contract to Buy and Sell Real Estate - ...

An out of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the (Ans - selling price as possible income tax liability The Closing Instructions form (Ans - must be part of every contract According to statue, "good funds," include a (Ans - tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: (Ans - Disclose the name and address of the landlord According to the Contract ...

1. Zoning is under the control of: a. private parties. b. government agencies. c. the Bureau of Real Estate. d. none of the above. :~~ b. government agencies. 2. Easements appurtenant are for the benefit of: a. homesteaded landowners. b. adjoining (neighboring) landowners. c. the general public. d. government use only. :~~ b. adjoining (neighboring) landowners. 3. A contract that is binding and enforceable in a court of law is said to be: 2 | P a g e | © copyright 2024/2025 | Gra...

Real Estate Final Exam - 100 Questions And Answers Zoning is under the control of: - ANS government agencies. A contract that is binding and enforceable in a court of law is said to be: - ANS valid. Escrows base monthly prorations on how many days? - ANS 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANS 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - ANS $7,000 Misuse of the real estate appr...