Barney Fletcher Real Estate Tests Compilation Bundle $30.45 Add To Cart
13 Items
Consists of: the land itself, airspace above the land, mineral rights, improvements of and to the land, fixtures, fructose naturals, water rights, appurte... [Show More]
"Real Estate" correct answer: Physica land and improvements (permanent manmade improvements (such as sidewalks , building, and ponds)) "Real Property" ... [Show More]
deed correct answer: the instrument used to transfer real property Title correct answer: Ownership and the owner's rights Real Estate correct answe... [Show More]
Ad Valorem correct answer: latin for "according to value" Ad Valorem Tax correct answer: state or local tax based on the value of the property being t... [Show More]
hypothecate correct answer: to use property as security for debt without giving up possession of it promissory note correct answer: a contract for a m... [Show More]
1. Open Listing (Non-Exclusive) correct answer: May be given to many brokers. Only the broker who is the "procuring cause" gets paid. 2. Truth in Lendi... [Show More]
Bundle of Rights correct answer: The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the property. Right to posses... [Show More]
What is the formula for Tax Prorations? correct answer: (Annual Tax / 365)x number of days of prorations If a closing is before July 1 who pays the pro... [Show More]
Bob and Carol are buying a home for $180,000 and putting up a down payment of 20%. They have to pay 2 discount points. What will be the amount paid for the... [Show More]
Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? correct answer: False Mineral ri... [Show More]
which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? A. substitutio... [Show More]
Leasehold Estate- Estate for Years correct answer: A lease for a specific perios of time, with no renewal option. No notice required. Death will not termi... [Show More]
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 the property. him... [Show More]
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