RE Practice Test A

24問 • 1年前

ユーザ名非公開

通報

問題一覧

Which of the following is considered personal property?

Crops

To the seller’s agent, the buyer is properly described as a

Customer

Which appraisal approach computes the value of the land separately from the buildings?

Cost

A person who has absolute control of a parcel of real estate is said to own a

fee simple

A property owner lets his neighbor store her camper in his yard for a few weeks. He does not charge her rent. He has given the neighbor a(n)

license

The HUD-1 statement will still be used for a mortage secured by a

reverse mortgage

A legal description that defines the boundary lines is called

meters and bounds

Which of the following is considered dual agency?

Broker acting for both buyer and seller

Which of the following is a lien that does NOT need to be recorded?

Real estate taxes

The term depreciation refers to

a loss of value due to any cause

Whether a salesperson is associated with a broker as an employee or as an independent contractor is important

for income tax purposes

A township contains

36 sections

A merchant signs a lease for $800/mo or 6% gross sales, whichever is more. In July, gross sale were $14,000. How much is the rent for July?

$840

A property owner gave the hospital a vacant lot for “as long as it is used for hospital purpose”. The hospital owns a

fee determinable

The buyer moves in and pays expenses and loan payments but the seller retains title in a

land contract

A tenant’s written, one-year lease expires on May 1. To obtain possession on May 1, the landlord must give the tenant

no notice

Which of the following situations will NOT delay closing under the TRID rules?

Escrow amount for taxes and insurance was changed

A couple owns property that the city wants to use to extend the airport runway. The couple refuses to sell. The city may acquire this property by its right of

Eminent domain

When an owner sold her listed home herself, she didn’t owe anyone a commission. The listing she had signed was probably a(n)

exclusive-agency listing

Federal income tax regulations allow a homeowner to reduce taxable income by amounts paid for

interest and property tax

A grantor becomes a lessee, and the grantee becomes the lessor, in a

sale and leaseback

A person who has defaulted in payment of several debts, and a court has ordered his property sold to satisfy them. Which of the following would be considered the prior lien?

Current real estate taxes

A guarantee that the lender will commit to a certain percentage for the cost of the loan is called

rate lock

What is the function of Fannie Mae?

buys FHA loans

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問題一覧

Which of the following is considered personal property?

Crops

To the seller’s agent, the buyer is properly described as a

Customer

Which appraisal approach computes the value of the land separately from the buildings?

Cost

A person who has absolute control of a parcel of real estate is said to own a

fee simple

A property owner lets his neighbor store her camper in his yard for a few weeks. He does not charge her rent. He has given the neighbor a(n)

license

The HUD-1 statement will still be used for a mortage secured by a

reverse mortgage

A legal description that defines the boundary lines is called

meters and bounds

Which of the following is considered dual agency?

Broker acting for both buyer and seller

Which of the following is a lien that does NOT need to be recorded?

Real estate taxes

The term depreciation refers to

a loss of value due to any cause

Whether a salesperson is associated with a broker as an employee or as an independent contractor is important

for income tax purposes

A township contains

36 sections

A merchant signs a lease for $800/mo or 6% gross sales, whichever is more. In July, gross sale were $14,000. How much is the rent for July?

$840

A property owner gave the hospital a vacant lot for “as long as it is used for hospital purpose”. The hospital owns a

fee determinable

The buyer moves in and pays expenses and loan payments but the seller retains title in a

land contract

A tenant’s written, one-year lease expires on May 1. To obtain possession on May 1, the landlord must give the tenant

no notice

Which of the following situations will NOT delay closing under the TRID rules?

Escrow amount for taxes and insurance was changed

A couple owns property that the city wants to use to extend the airport runway. The couple refuses to sell. The city may acquire this property by its right of

Eminent domain

When an owner sold her listed home herself, she didn’t owe anyone a commission. The listing she had signed was probably a(n)

exclusive-agency listing

Federal income tax regulations allow a homeowner to reduce taxable income by amounts paid for

interest and property tax

A grantor becomes a lessee, and the grantee becomes the lessor, in a

sale and leaseback

A person who has defaulted in payment of several debts, and a court has ordered his property sold to satisfy them. Which of the following would be considered the prior lien?

Current real estate taxes

A guarantee that the lender will commit to a certain percentage for the cost of the loan is called

rate lock

What is the function of Fannie Mae?

buys FHA loans