re 1
Terms
undefined, object
copy deck
- 1
- A a statement that the claimant is married
-
2
a real estate speculator purchased a property for $10,000. he paid $1,000 down and excuted a NON-INTEREST bearing note for $9,000. in favor of the seller. Before the end of the first year and before he had made any principal payments, he sold the -
D $11.00
$20,000 - $9,000 = $11,000. his $1,000 investement is now worth $11,000 or $11 for each $1 invested - 3
- C, $1,920
- 4
- C, 12 buisness days
- 5
- D, secret profit
- 6
- B, a prior recorded homestead
- 7
- C, fha
- 8
- B, orginal cost
- 9
- D, neither a nor b
- 10
- B, deed of trust
- 11
- D all of the above, quantity, durability, quality
- 12
-
C, both a and b are correct
causes a more rapid decline in value than physical deterioration
can be caused by changes in style and design - 13
- A. water
- 14
- B sell or assign his rights but not his duties without approval of the contract seller
- 15
- B appraising
- 16
- D metes are boundaries and bounds are measurements
- 17
- D 7 years
- 18
- C $32,000
- 19
- C 27
- 20
-
D
39 years - 21
-
B
6 points - 22
-
A
real estate investment trusts - 23
-
B
ms. kimball's interest was terminated upon mr. blackman's demise - 24
-
C
to determine the absorption of water - 25
-
C
mortgagor is to mortgagee - 26
-
C
subordination - 27
-
B
a fixture - 28
-
A
trustor to the trustee - 29
-
A
acquisition of real property through gift or inheritance - 30
-
B
consideration is less than $10.00 but actually has passed - 31
-
C
an existing mortgage - 32
-
C
personal if not real - 33
-
B
delivery - 34
-
B
contract of conveyance - 35
-
B
lessor - 36
-
D
all of the above are correct - 37
-
B
writ of attachment - 38
-
D
none of the above - 39
-
C
vacancy factor - 40
-
D
claim - 41
-
C
the broker - 42
-
D
surveyor - 43
-
C
deal in real property without recording his general power of attorney - 44
-
A
finacing statement - 45
-
B
value of the property - 46
-
C
corporations - 47
-
A
a sales tax - 48
-
D
an easement must be recorded in order to give constructive notice to a subsequent purchaser of the existence of the easement - 49
-
B
redwood - 50
-
D
one of the tow joint tennants selling his interest to a third party - 51
-
C
$32,200 - 52
-
D
none of the above - 53
-
C
contract of money - 54
-
A
functional obsolescence - 55
-
B
property held for sale to customers - 56
-
B
effective age - 57
-
B
NAR Professional Code of Ethics - 58
-
A
conformity to proper land use objectives - 59
-
B
deed of trust - 60
- B
- 61
-
D
economic obsolescence - 62
-
B
equalized - 63
-
A
decrease the allowable depreciation - 64
-
C
a reconveyance deed - 65
-
A
date of recording - 66
-
D
all of the above
hypothecated, alienated, assessed - 67
-
A
6" x 12" x 2" - 68
-
D
currently due property taxes and hazard insurance on property - 69
-
C
life estate - 70
-
B
devise - 71
-
B
18 inches - 72
-
A
acknowledgment - 73
-
A
$ 525.00 - 74
-
B
the sole plate - 75
-
C
depreciation method - 76
-
B
8% - 77
-
A
one year - 78
-
C
and wife - 79
-
A
the buyer's broker has no liability for acts of the listing broker - 80
-
A
it is always free of encumbraces - 81
-
B
mortgage portfolios - 82
-
B
void - 83
-
A
the real estate agent - 84
-
D
$ 18,000 - 85
-
A
accretion - 86
-
D
no limitation - 87
-
B
commercial banks - 88
-
B
can be less than $10.00 but must actually pass - 89
-
A
all of the following - 90
-
D
all of the above - 91
-
D
property taxes - 92
-
B
the sudden detachment or tearing away of the land by action of the water - 93
-
B
buyer's debit - 94
-
B
optionee - 95
-
D
the licensee may sell lots prior to issuance of the commissioner's final public - 96
-
B
it is a security agreement - 97
-
B
209 - 98
-
D
any of the above - 99
-
B
the dominant tenenment is benefited by the easement - 100
-
D
defferred maintenance - 101
-
A
economic obsolescence - 102
-
D
is very often used in the purchase of raw land by a builder - 103
-
D
all of the above - 104
-
B
a trust deed - 105
-
B
consideration is less than $10 but actually has passed to the optionor - 106
-
A
in writing - 107
-
B
pledge - 108
-
A
tenants in common - 109
-
B
vary in different regions of the country - 110
-
B
Real Estate commissioner - 111
-
B
it would be an estate in reversion - 112
-
B
the buyer could sue the neighbor for the encroachment bassed on trespass - 113
-
A
an independent contractor - 114
-
C
check the tax assessor's records - 115
-
D
$308,760 - 116
-
D
all of the above - 117
-
B
$121.00 - 118
-
D
neither a nor b - 119
-
B
easements - 120
-
D
not be taxed at all - 121
-
A
requires a separate appraisal of the land - 122
-
D
owner's state income tax return - 123
-
C
the present cost using utility - 124
-
D
grant deed - 125
-
A
an estate at sufferance - 126
-
B
up to one year - 127
-
D
any of the above - 128
-
C
$10,000 - 129
-
B
charlie has the right to art's share of the assets of the partnership but no right to the management of the business - 130
-
B
voidable - 131
-
A
net income - 132
-
A
all of the following - 133
-
A
front foot - 134
-
D
all of the above are correct statements - 135
-
D
the lender - 136
-
D
a debit buyer - 137
-
A
prices increase as availability decreases - 138
-
C
an easement appurtanant - 139
-
A
dominant tenement - 140
-
A
three months after a notice of default is recorded - 141
-
B
morlin holds a life estate and Ackerman an estate in reversion - 142
-
C
purchasing power - 143
-
A
economic obsolescence - 144
-
B
buyer - 145
-
A
selling real property syndicate securities - 146
-
D
jointly and severally - 147
-
A
the cost of living index rising - 148
-
A
grantor - 149
-
C
FHA loan - 150
-
C
he must put the money in his client trust account