The CE shop 75-HR GA Final Exam Missed Questions
A license holder may have more than one claim against him. However,
payments made from the Real Estate Education, Research, and Recovery
Fund on behalf of the license holder must not exceed what amount?
Payments from the Real Estate Education, Research, and Recovery Fund for
claims against a single license holder are not to exceed $75,000.
With an interest-only payment plan, _.
With this type of payment, the borrower pays only the interest for a specific
amount of time, usually five to seven years. After that period, the loan
principal is due.
What is eminent domain?
Power of a government to take private property for public use.
In what type of lease does the landlord pay taxes, maintenance, and insurance?
With gross leases, the landlord typically pays all expenses, such as taxes,
maintenance, and insurance.
Which type of depreciation is a loss in value due to defects in a structure's design?
Examples of functional obsolescence include something missing (like a main
floor without a bathroom), an extra feature that adds no value, because it's not
necessary or typical, or an outdated feature that's no longer desirable.
, Violators of the Sherman Antitrust Act may be subject to fines. For what amount
may corporations and individuals be liable?
Fines may reach up to $100 million for corporations and $1 million for individuals.
There are four basic types of appeals that property owners can file if they
have an issue with their property tax assessment: taxability, value,
uniformity, and _________________________________________________________ _.
If property owners have an issue with their property tax assessment, they can
base their claim on taxability, value, uniformity, or unfair denial of the
homestead exemption
Bart is an independent contractor. That means that his managing broker, Lee, has
the right to _.
A broker can require independent contractors to achieve certain results, but
isn't allowed to control how that work is done.
Cultivated crops are considered personal property even though they're part
of the soil, and they're known as _.
Cultivated crops are considered personal property even though they're part
of the soil, and they're known as emblements.
Ralph leases 1,000 square feet in a large warehouse. The lease agreement
requires him to pay portions of the landlord's taxes, insurance, and
maintenance, in addition to the
amount he pays to lease the space. What type of lease does Ralph have?
A lease in which the tenant pays taxes, insurance, and maintenance is a triple net
lease.
A license holder may have more than one claim against him. However,
payments made from the Real Estate Education, Research, and Recovery
Fund on behalf of the license holder must not exceed what amount?
Payments from the Real Estate Education, Research, and Recovery Fund for
claims against a single license holder are not to exceed $75,000.
With an interest-only payment plan, _.
With this type of payment, the borrower pays only the interest for a specific
amount of time, usually five to seven years. After that period, the loan
principal is due.
What is eminent domain?
Power of a government to take private property for public use.
In what type of lease does the landlord pay taxes, maintenance, and insurance?
With gross leases, the landlord typically pays all expenses, such as taxes,
maintenance, and insurance.
Which type of depreciation is a loss in value due to defects in a structure's design?
Examples of functional obsolescence include something missing (like a main
floor without a bathroom), an extra feature that adds no value, because it's not
necessary or typical, or an outdated feature that's no longer desirable.
, Violators of the Sherman Antitrust Act may be subject to fines. For what amount
may corporations and individuals be liable?
Fines may reach up to $100 million for corporations and $1 million for individuals.
There are four basic types of appeals that property owners can file if they
have an issue with their property tax assessment: taxability, value,
uniformity, and _________________________________________________________ _.
If property owners have an issue with their property tax assessment, they can
base their claim on taxability, value, uniformity, or unfair denial of the
homestead exemption
Bart is an independent contractor. That means that his managing broker, Lee, has
the right to _.
A broker can require independent contractors to achieve certain results, but
isn't allowed to control how that work is done.
Cultivated crops are considered personal property even though they're part
of the soil, and they're known as _.
Cultivated crops are considered personal property even though they're part
of the soil, and they're known as emblements.
Ralph leases 1,000 square feet in a large warehouse. The lease agreement
requires him to pay portions of the landlord's taxes, insurance, and
maintenance, in addition to the
amount he pays to lease the space. What type of lease does Ralph have?
A lease in which the tenant pays taxes, insurance, and maintenance is a triple net
lease.
