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Real Estate Final Exam - 100 Questions All with Correct Solutions Latest Update

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Real Estate Final Exam - 100 Questions All with Correct Solutions Latest Update

Institution
REAL ESTATE U SOUTH CAROLINA
Course
REAL ESTATE U SOUTH CAROLINA

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Real Estate Final Exam - 100
Questions All with Correct Solutions
Latest Update

Zoning is under the control of: - government agencies.

A contract that is binding and enforceable in a court of law is said to be: -
valid.

Escrows base monthly prorations on how many days? - 30

The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - 5,000
sq. ft.

For about how much assessed value is the Homeowner's Property Tax
Exemption? - $7,000

Misuse of the real estate appraisal report or coercion of the appraiser are
now: - federal felonies.

A person who is authorized by the Secretary of State to witness the
acknowledgement of documents is known as a(n): - notary public.

A broker who mixes personal funds with his or her principal's funds is guilty
of: - commingling.

Real property consists of: - land and structures on the land
anything incidental to the land
anything appurtenant to the land

Which of the following is NOT one of the forces that affect the value of a
neighborhood? - Past sales considerations

The federal civil rights law that applies to people with disabilities and
protects them from discrimination is the: - Americans with Disabilities Act

, When prices rise due to shortages of available properties, it is known as a: -
seller's market.

Other than the initial small deposit to open the account, when are money
deposits the personal property of the broker? - Never

Which "American" title insurance is usually requested by lenders? - ALTA
policy

Which of the following is a requirement of a lease? - length of lease
amount of rent
names of parties

Which of the following is NOT an essential element of a real estate contract?
- Cash

The California Department of Veteran's Affairs loan program is commonly
known as the: - CalVet Program.

The market data method (comparison approach) is the most common
approach for: - houses
condos
vacant land

What is the section in the Residential Listing Agreement (Exclusive
Authorization and Right to Sell) that can entitle a broker to a commission
even after the termination of the listing? - Safety Clause

How many square feet are in 1 acre? - 43.560

A month-to-month rental agreement is usually a: - periodic tenancy.

You are a landlord who discovers that one of your tenants is having new
carpet installed in his apartment without your consent. To protect yourself,
you should file a(n): - notice of non-responsibility.

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Institution
REAL ESTATE U SOUTH CAROLINA
Course
REAL ESTATE U SOUTH CAROLINA

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