During the option period to renew a lease, who determines whether the option will be exercised?

An appraiser is performing a valuation on a property. What's another term for what the appraiser is doing?

Marcie bought a duplex, lived in one half, and rented out the other half. This is an example of what type of investing?

With a few exceptions, there’s usually no external punishment for violating which of the following?

Which of the following agreement terms is typically a standard part of the sales contract?

At the end of each fiscal year, the Kentucky Real Estate Commission has up to ______ to publicly release a statement of income and expenses related to the recovery fund.

Which economic principle is in play when the smallest property on the block is priced lower than any others, but the higher-priced properties that surround it help to drive the property’s market value up?

What is used to determine a three-unit property's ability to produce future income?

Brynn’s listing agent told potential buyers that all offers on Brynn’s property would be considered at 5 p.m. on May 3. By that date and time, there were four offers. The persons making these offers are the ______.

When preparing a market analysis, several factors can be used for comparability. Which of these would be a good factor to use?

The sales contract between the buyer and the seller has been signed. Whose responsibility is it to keep track of all of the buyer contingency deadlines?

What action could temporarily stop a foreclosure?

When it comes time to determine what’s happening with property values in a subject neighborhood, the appraiser looks at the criteria for making this indication. These criteria lie in the four stages of a neighborhood, which occur in the following order:

What must a residential property manager check when dealing with prospective tenants?

Kiley Ann is thrilled to have her real estate license and to be hired on at New Beginnings Brokerage. She’s not positive about Luis, her employing broker, though. He seems a little sketchy. For example, when she looks at her independent contractor agreement, it says that she’s not entitled to unemployment insurance and has to pay her own income taxes. What should she do?

Mary agreed to buy her mother’s house when her mother planned to move to a senior living community. They signed a purchase agreement, but when Mary had to move because of work, she signed her rights in the contract over to her sister, Tina. Mary may still owe money if Tina can’t come up with the agreed-upon funds. What’s happening in this scenario?

What is used to determine a 10-unit apartment building's ability to produce future income?

Rohit bought 31 acres of undeveloped and mostly forested land. He is planning a weekend with friends where they’ll camp on the property while scouting good locations to place a cabin. Which right in the bundle of rights allows Rohit to do the camping weekend on undeveloped land?

Margo's accountant tells her that she's eligible to deduct the property taxes she paid last year. Select the statement about this deduction that's true.

A buyer was looking for alternatives to the traditional vacation condo rental for their family. They purchased the right to use a given set of facilities at any point throughout the year. What did buyer purchase?

The major factors in the activity of the real estate market are ______.

Appraiser Veronica includes all the following costs in a quantity survey method calculation EXCEPT for which one?

How many major tenants does a neighborhood shopping center normally have?

A property owner didn’t have direct access to the small lake in their subdivision; they had an easement arranged with their neighbor. Ten months ago, the developer built a public access road to the lake, so the property owner stopped using the easement. What type of easement termination is this?

if you are charged with violating Article 10 of the NAR Code of Ethics, what’s the best defense you can provide for yourself?

Rennie owns a 240-foot by 130-foot lot. How do you calculate the perimeter?

What government agency provides online information that allows the public to determine if a property address is located within a special flood hazard area (SFHA)?

Marsha leases a ranch house in a bedroom community. When the owner decided to sell the house, Marsha was given the opportunity to purchase it but declined. What does Marsha have?