Prep Agent Exam Questions With 100%
Correct Answers
comparing the price of similar properties (comparable) recently sold
market data approach?
leasing an apartment building
less than freehold estate is?
a summer rental no notice set date designated period of time
what is an estate for years?
a lease is a contract with the person and doesn't always go with the property
a lease is considered personal property because?
anything attached to the real property
a fixture is?
dead beat tenant landlord is suffering
estate at sufferance is?
owner owns absolutely everything on the property
fee simple absolute means?
specific lien
what is the lien considered when you take out a mortgage?
title
what is the evidence that you have the house?
deed
what is used to transfer the title?
cloud on title
what is called when something is wrong with the title?
abstract of title
what is it called when you need a summary of the property?
chain of title
what is the history of ownership?
dominant tenament
Correct Answers
comparing the price of similar properties (comparable) recently sold
market data approach?
leasing an apartment building
less than freehold estate is?
a summer rental no notice set date designated period of time
what is an estate for years?
a lease is a contract with the person and doesn't always go with the property
a lease is considered personal property because?
anything attached to the real property
a fixture is?
dead beat tenant landlord is suffering
estate at sufferance is?
owner owns absolutely everything on the property
fee simple absolute means?
specific lien
what is the lien considered when you take out a mortgage?
title
what is the evidence that you have the house?
deed
what is used to transfer the title?
cloud on title
what is called when something is wrong with the title?
abstract of title
what is it called when you need a summary of the property?
chain of title
what is the history of ownership?
dominant tenament
