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29問 • 1年前

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問題一覧

Which feature is most likely to be the cause of an adjustment to a comparable when preparing a CMA?

Busy street

How can an easement be terminated by merger?

The owner of a servient estate buys the property of the dominant estate.

One of the steps of integrating a code of ethics into an organization is to commit the code of ethics to writing. However, to be effective, the wording must be ______.

Specific

Which type of investor markets to renters rather than buyers?

Buy-and-hold

An investor bought a vacant lot in a development that was 85% completed. When they started working with the builder to lay out where the house and driveway would lie, it was determined that they would need an easement because their driveway would spill over onto the adjacent lot by a few feet. What type of easement is this?

Easement appurtenant

It’s closing day! Which of the following is likely to happen at this time?

The buyer’s loan funds will be transferred.

John is selling his rental property to Tony. Marcus represents John, and Meredith is working with Tony, though there is no agency relationship between them. In this scenario, who is/are the principal(s) in an agency relationship?

John

A complete marketing campaign that includes the use of ‘Choose Your Neighbor’ letters in conjunction with an MLS listing, for sale signs, and advertisements in several newspapers is _______.

Effective

Differences in square footage, parking spaces, site, view, and amenities are examples of what kind of adjustments?

Property

Which of the following is an opportunity or program offered by the Kentucky Real Estate Education, Research, and Recovery Fund?

Establishing real estate programs or courses at Kentucky state institutions of higher learning

What factors does the underwriter consider in reviewing a mortgage loan application?

Credit, capacity, and collateral

When an appraiser determines whether property values in the subject neighborhood are increasing, stable, or declining, the criteria for making this decision lies in the four stages of a neighborhood. Which of the following stages comes first?

Growth

A family purchased a dilapidated townhome in an estate sale. Due to their fix-up work and the current economy, the property value has skyrocketed. They decide to sell it to get their equity out of it. After they list it, a woman comes forward, saying she is an heir to the previous owner and lays claim to the property. Which general warranty deed covenant protects the family?

The covenant of warranty

What are landscaping services, administration, and office supplies on the appraiser’s operating statement lists called?

Variable expenses

The KREC Exclusive Right to Sell Agency Contract is a legally binding contract once it’s signed by ______.

The seller, principal broker, and authorized agent

Greg is considering the purchase of a residential auction property. He’s most likely to be interested in the interior finishes of neighboring properties if he’s going to ______.

Rehab the property and resell it

Which one of the following could indicate a problem with the chimney flue or ventilation?

Drafts near the fireplace

A homeowner owned an acreage in a rural area. They sold a small portion of it to a neighbor in an informal transaction but made no record of the sale or change of ownership. A developer offered the homeowner several million dollars for the entire acreage, and they eagerly accepted the offer. What covenant is the homeowner in danger of violating?

Seisin

What economic principle is at work when a home's sales price is similar to other homes' sales prices in the neighborhood?

Competition

In Kentucky, which of the following residential sales contract provisions is used to specify which items are to remain with the property?

Inclusions

Which of the following is an example of a government-sponsored enterprise (GSE)?

Fannie Mae

What forms the boundaries of a township?

Township lines and range lines

Which act was the first to prohibit any exceptions for discrimination based on race or color?

Civil Rights Act of 1866

Which one of the following statements about the option period for a valid option contract is true?

If the contract doesn't state the length of the option period, a court will require the optionor to make the option period for a "reasonable time."

What’s the name of the agency disclosure that Kentucky law requires a licensee to provide to consumers prior to entering into a brokerage agreement with them?

Consumer Guide to Agency Relationships

Which one of these statements accurately represents one of the required elements in a deed?

The deed includes an act of conveyance.

Marissa is watching the auctioneer and realizes that he quickly gestured to a spot in the room where no bidder was sitting and “accepted” this fictitious bid. This is called a(n) ______ bid.

Chandelier

How many states recognize community property rights?

Nine states have community property rights.

What is meant by "usable" square footage?

The area occupied by the tenant

real estate PRACTICE

real estate PRACTICE

PRACTICE 2

PRACTICE 2

Wrong answers

Wrong answers

wrong part 2

wrong part 2

COVER ANSWERS

COVER ANSWERS

cover answers

cover answers

wrong again

wrong again

here we go again😜

here we go again😜

anotha one

anotha one

it’s corn

it’s corn

man oh man 👨

man oh man 👨

👨‍❤️‍💋‍👨

👨‍❤️‍💋‍👨

☺️

☺️

NATIONAL PRACTICE 1

NATIONAL PRACTICE 1

NATIONAL PRACTICE 2

NATIONAL PRACTICE 2

NATIONAL PRACTICE EXAM 3

ユーザ名非公開 · 24問 · 1年前

NATIONAL PRACTICE EXAM 3

STATE PRACTICE EXAM

STATE PRACTICE EXAM

State practice exam 2

ユーザ名非公開 · 13問 · 1年前

State practice exam 2

national

national

問題一覧

Which feature is most likely to be the cause of an adjustment to a comparable when preparing a CMA?

Busy street

How can an easement be terminated by merger?

The owner of a servient estate buys the property of the dominant estate.

One of the steps of integrating a code of ethics into an organization is to commit the code of ethics to writing. However, to be effective, the wording must be ______.

Specific

Which type of investor markets to renters rather than buyers?

Buy-and-hold

Easement appurtenant

It’s closing day! Which of the following is likely to happen at this time?

The buyer’s loan funds will be transferred.

John

A complete marketing campaign that includes the use of ‘Choose Your Neighbor’ letters in conjunction with an MLS listing, for sale signs, and advertisements in several newspapers is _______.

Effective

Differences in square footage, parking spaces, site, view, and amenities are examples of what kind of adjustments?

Property

Which of the following is an opportunity or program offered by the Kentucky Real Estate Education, Research, and Recovery Fund?

Establishing real estate programs or courses at Kentucky state institutions of higher learning

What factors does the underwriter consider in reviewing a mortgage loan application?

Credit, capacity, and collateral

Growth

The covenant of warranty

What are landscaping services, administration, and office supplies on the appraiser’s operating statement lists called?

Variable expenses

The KREC Exclusive Right to Sell Agency Contract is a legally binding contract once it’s signed by ______.

The seller, principal broker, and authorized agent

Greg is considering the purchase of a residential auction property. He’s most likely to be interested in the interior finishes of neighboring properties if he’s going to ______.

Rehab the property and resell it

Which one of the following could indicate a problem with the chimney flue or ventilation?

Drafts near the fireplace

Seisin

What economic principle is at work when a home's sales price is similar to other homes' sales prices in the neighborhood?

Competition

In Kentucky, which of the following residential sales contract provisions is used to specify which items are to remain with the property?

Inclusions

Which of the following is an example of a government-sponsored enterprise (GSE)?

Fannie Mae

What forms the boundaries of a township?

Township lines and range lines

Which act was the first to prohibit any exceptions for discrimination based on race or color?

Civil Rights Act of 1866

Which one of the following statements about the option period for a valid option contract is true?

If the contract doesn't state the length of the option period, a court will require the optionor to make the option period for a "reasonable time."

What’s the name of the agency disclosure that Kentucky law requires a licensee to provide to consumers prior to entering into a brokerage agreement with them?

Consumer Guide to Agency Relationships

Which one of these statements accurately represents one of the required elements in a deed?

The deed includes an act of conveyance.

Marissa is watching the auctioneer and realizes that he quickly gestured to a spot in the room where no bidder was sitting and “accepted” this fictitious bid. This is called a(n) ______ bid.

Chandelier

How many states recognize community property rights?

Nine states have community property rights.

What is meant by "usable" square footage?

The area occupied by the tenant