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25問 • 2年前

問題一覧

The income approach is based on economic principle of _______

Anticipation

Kentucky broker Karl has designated his agents Marcy and George to represent the seller and the buyer, respectively, and the same transaction. In this scenario, who is/are the dual agents?

karl

Gina paid her neighbor, Charlene, $3,000 for negotiating the sale of genius condo in Bardstown. Charlene isn't licensed and hasn't performed services of this type before. Which of the following penalties might be imposed?

A fine of $1,000 plus an additional fine equal to the commission received

Which statement most accurately describes type of notice provided by recording a change of ownership document?

Recording the deed provides constructive notice of property sale

Your client is purchasing a single-family home with a conventional loan. The listing price is 150,000. Does this situation require license or certified appraiser?

No, since the sale price is less than 400,000

Angelo's aging mother needs a place to live out her remaining years. Angelo conveys a home to her, but only for her lifetime. This is an example of what type of life estate?

Ordinary

Your client, Cassandra, ask you at what stage in her property ownership life cycle should be impacted by income tax issues you tell her that it's likely that she'll be affected at ________

Acquisition, ownership, and reversion

Kentucky licensees venus and morgan are both affiliated with broker Jamie. Venus and Morgan are each acting as listing agents and transactions where the buyer is represented by a licensee from another brokerage. What's true about this situation

Venus and morgan are single agents

Licenses can't take more than ______ hours of post licensing education in a 24 hour period

Nine

Because many appraisals used three approaches to find the appraisal value, a final step in the appraisal process is to_____ the values.

Reconcile

What is the cost to fix the depreciated items called?

Curable functional obsolescence

What must an appraiser provided about the data reach comparable sales so the information can be verified?

Data source

Virginia is finally living her dream she bought a coffee house in a charming college town. After she closed on it her attorney sat down with her to discuss various business licensing and legal requirements she'll have to meet. virginia what's the price to learn that her five table establishment is affected by the American Americans with disability act what must be true about the coffee House?

It's a commercial enterprise that's open to the public

A Kentucky licensee stating that property is “guaranteed to increase in value over the next five years” is an example of

Misrepresentation

Which of the following terms refers to land that can be separated from a larger piece of land and sold separately without harming the ability to develop the original parcel?

Excess land

Which of the following describes a deed restriction?

It can be placed on a single property, an entire subdivision, or a neighborhood

What would you expect to find in the condition field for a comparable property in the sales comparison grid of the URAR

A rating from C1-C6 scale

Which REIT make money by incurring short term debt to acquire longer-term mortgage securities, earning the spread between two rates?

Mortgage REIT

10 of the NAR code of ethics states that realtors

May not deny equal professional service to anyone that has reasons related to the specific and NAR protective classes

Which of these statements best represents what happens after a federal fair housing complaint is made

A fair housing specialist will review the complaint

How much will inactive licenses pay when renewing their real estate license?

120$

Which of these is a member of the primary mortgage market

Citibank

And states were full disclosure isn't required whose responsibility is it to disclose any items required by law and respond honestly to any questions about the property condition?

Seller

What's the term for a charge that either party has to pay at closing?

Debit

What can be defined as the principles that govern a groups behavior?

Ethics

real estate PRACTICE

ユーザ名非公開 · 13問 · 2年前

real estate PRACTICE