What are easements Study guides, Class notes & Summaries
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case 
(Ans- Must disclose death (and manner of death) on a property if occurs 
within 3 years, except AIDS 
Jones vs. Mayer Supreme Court Decision (1968) 
(Ans- Racial discrimination not allowed (whether selling or buying) in all 
PRIVATE property transactions (based on Civil Rights Act of 1968) 
Easton vs Strassburgar 
(Ans- Seller disclosures to third parties AND agent visual inspection of all...
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Basic Appraisal Procedures – McKissock test questions with verified solutions 2024.
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Valuation process 
A systematic procedure used in the valuation of real property. 
 
Steps: 
1: Define the problem 
 
2:Determine scope of work 
 
3:Gather, record, and verify the data 
 
4:Determine the highest and best use 
 
5:Estimate the land value 
 
6:Estimate value by each of the three approaches (if applicable) 
 
7:Reconcile the estimated values into the final opinion of value 
 
8:Report the final opinion of value 
 
 
 
Client 
The party or parties who engage, by employment or contra...
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Florida Cam Exam questions and answers 2024(graded A+)
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A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration 
True 
 
 
 
Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase 
True 
 
 
 
The Florida Fair Housing Act prohibits discrimination on the basis of handicap 
True 
 
 
 
A valid Declaration of Condominium must contain easements for ingress and egress to all unit...
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Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions.
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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. ...
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Michigan Builders License Exam Questions With Correct Answers
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Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) 
 
Administrative - Answer First 2 chapters of code book are 
 
True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F 
 
Yes - Answer Does the building official have the authority to render interpretations o...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Law of Contracts - Champions Test | Questions & Answers (Graded A+)
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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: - ...
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iaao 101 Exam Questions with correct Answers
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ad valorem - Answer- According to Value 
 
The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 
2. Listing 
3. Valuation 
 
The taxable location of personal property is referred to as its' - Answer- Situs 
 
The type of value usually estimated by an Appraiser is the - Answer- Market Value 
 
The effective tax rate reflects the ratio between what - Answer- The current tax bill and the property value 
 
Assessment level times the tax rate equals - Answer- Th...
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Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers.
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Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. 
 
If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? 
A. 27,000 
B. 37,000 
C. 54,000 
D. 74,000 
An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): 
A. Agreement for...
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Nccer Plumbing Level 1 Exam Questions with 100% correct Answers
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The modern word for plumber is derived from the Latin word for - ANSWER-A person who works with lead 
 
LEED applies to all areas of the profession, except - ANSWER-Renovation 
 
Water that comes from laundry and bathtubs and reused in known as - ANSWER-Graywater 
 
Suggested national plumbing standards are called - ANSWER-Model codes 
 
You are offered a job by another contractor before you have fulfilled your current obligations. The professional response is to - ANSWER-Ask the contractor to w...
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