Practice exam - Knoowy

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A women purchased a home on a lake . A boat was included in the sale what is most likely required at settlement to transfer ownership of that boat

Antwoord op: A women purchased a home on a lake . A boat was included in the sale what is most likely required at settlement to transfer ownership of that boat Antwoord:

Bill of sale

F signs an exclusive right to sell listing agreement with broker R before the listing expires F terminates the agreement for no reason then f sold the property which is true

Antwoord op: F signs an exclusive right to sell listing agreement with broker R before the listing expires F terminates the agreement for no reason then f sold the property which is true Antwoord:

R CAN SUE F for the full commission based on the sales price

Which statement about lead paint is false

Antwoord op: Which statement about lead paint is false Antwoord:

Lead paint disclosure must be made when selling a house built prior 1982

A developer purchased a foreclosed property for 96000 intending to rehab it instead he lets it detriorate and finally sells it a few years later for 84000 calculate this

Antwoord op: A developer purchased a foreclosed property for 96000 intending to rehab it instead he lets it detriorate and finally sells it a few years later for 84000 calculate this Antwoord:

12.5%

A homeowner list her property at 155000 her broker receives an offer from A for 135000 cash and a closing in 30 days another offer from B for 145000 and another offer from C at 150000 what should the listing broker do

Antwoord op: A homeowner list her property at 155000 her broker receives an offer from A for 135000 cash and a closing in 30 days another offer from B for 145000 and another offer from C at 150000 what should the listing broker do Antwoord:

Present all the offers to the seller even if the seller accepts the first offer

K is a transfer student from Korea looking for a one bedroom apartment she ask for something near the university her agent shows her apartments only in area known as Chinatown l could be guilty of….

Antwoord op: K is a transfer student from Korea looking for a one bedroom apartment she ask for something near the university her agent shows her apartments only in area known as Chinatown l could be guilty of…. Antwoord:

Steering

A lender must provide the closing disclosure to a borrower at least _____ prior to settlement

Antwoord op: A lender must provide the closing disclosure to a borrower at least _____ prior to settlement Antwoord:

3 business days

An investor is evaluating the performance of his duplex if he subtracts debt service from the net operating income what does he finds

Antwoord op: An investor is evaluating the performance of his duplex if he subtracts debt service from the net operating income what does he finds Antwoord:

Cash flow before taxes

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Vraag:

A women purchased a home on a lake . A boat was included in the sale what is most likely required at settlement to transfer ownership of that boat

Vul het antwoord in:

Controleer antwoord

Antwoord:

Bill of sale

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

F signs an exclusive right to sell listing agreement with broker R before the listing expires F terminates the agreement for no reason then f sold the property which is true

Vul het antwoord in:

Controleer antwoord

Antwoord:

R CAN SUE F for the full commission based on the sales price

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

Which statement about lead paint is false

Vul het antwoord in:

Controleer antwoord

Antwoord:

Lead paint disclosure must be made when selling a house built prior 1982

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

A developer purchased a foreclosed property for 96000 intending to rehab it instead he lets it detriorate and finally sells it a few years later for 84000 calculate this

Vul het antwoord in:

Controleer antwoord

Antwoord:

12.5%

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

A homeowner list her property at 155000 her broker receives an offer from A for 135000 cash and a closing in 30 days another offer from B for 145000 and another offer from C at 150000 what should the listing broker do

Vul het antwoord in:

Controleer antwoord

Antwoord:

Present all the offers to the seller even if the seller accepts the first offer

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

K is a transfer student from Korea looking for a one bedroom apartment she ask for something near the university her agent shows her apartments only in area known as Chinatown l could be guilty of….

Vul het antwoord in:

Controleer antwoord

Antwoord:

Steering

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

A lender must provide the closing disclosure to a borrower at least _____ prior to settlement

Vul het antwoord in:

Controleer antwoord

Antwoord:

3 business days

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Vraag:

An investor is evaluating the performance of his duplex if he subtracts debt service from the net operating income what does he finds

Vul het antwoord in:

Controleer antwoord

Antwoord:

Cash flow before taxes

Jouw antwoord:

input text value

Vraag opnieuw antwoorden

Ontgrendel alle 38 oefenvragen

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Informatie

Practice NJ real estate exam to help study for your final course exam

Aantal

38 oefenvragen

Taal

English

Gemaakt op

01-02-2024

Opleiding

Secondary Education / Secondary school

Verkoper

1 oefenvragen gemaakt

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