VanEd National Real Estate EXAM Questions with
100% Correct Answers | Verified | Updated (Actual
Exam) LATEST VERSION!!
Save
Terms in this set (266)
Question: A sublessee is . Tenant
a(n)
Question: A major Lack of Liquidity
disadvantage of owning
investment property might
be
Question: The most VA loans guarranty gives the veteran favorable
favorable thing about a VA financing terms because the lender is protected from
loan is that loss
Question: Once the funds . The sub-contractor can file a lien against the home,
of a construction loan are even if the home is sold, after it closes
disbursed to the
contractor, and if the sub-
contractor is not paid,
Question: Marie dies . The courts will give the property based on state law
intestate, and her property
will transfer according to
intestate succession. This
means
,Question: A seller cannot
get marketable title due to
a break in the chain of title.
He will need
. Quiet title Action
Question: Which is the Mortgage Broker
term used for the person
or organization who acts
as an intermediary for the
purpose of obtaining
financing?
Question: Seller Andy had A fixture
a custom table made to fit
in a corner of his study,
attached to the
floorboards on one end.
When he sells his home
the table will be
considered
Question: The term lis . Advance notice of a lawsuit to be filed
pendent refers to
Question: What kind of Inclusionary
zoning would require that
a developer build 10% of
the homes in a subdivision
for low-income families?
Question: Functional . An over-improvement of the property
obsolescence can be
caused by
Question: An owner may A drug addict with abusive behavior
properly refuse to rent to
a prospective tenant
because the prospective
tenant is
,Question: 'A' purchased a Recission
commercial lot from 'B'
based on 'B's fraudulent
representation as to lot
size, zoning, and water
connections. 'A' cannot
use the parcel purchased.
What remedy should 'A'
seek?
Question: An offer is Have the offeror sign a waiver of the offer period
accepted one day after
the offer period expires.
How could the offeror
create a valid contract?
Question: A broker has an
exclusive-right-to sell
listing. A buyer offers to
purchase the listed
property. The buyer knows
that the broker is an agent
of the seller, yet tells the
agent in confidence that
she may be willing to
increase his offer by
$10,000 if it is not
accepted by the seller. The
broker
. Must convey this information to the seller
Question: To perfect a lien . Financing Statment
against personal property,
a creditor would record
a(n)
, Question: A property $7,680
manager needs to have a
bid on floor coverings
based on this statement of
fact. "The building he
manages is 90' by 60'.
Sixty percent of the
building will be carpeted
at a cost of $16.00 per
square yard, and the
remainder will be tiled at a
cost of $8.00 per square
yard. Estimate the cost of
the floor covering.
Question:
A FSBO seller and buyer The FSBO seller makes cosmetic repairs to cover the
agree to terms on a damage, and lists the property with Agent M and
contract to purchase. The informs him of the defect. Buyer C buys the home, and
buyer then finds a does not perform an inspection. Only after closing
structural defect during and moving into the home does buyer C discover the
his inspection, and cancels material defect. Who is liable? Both FSBO and Agent
the contract. M are liabe
Question: Which if the Cost
following is NOT
considered an element of
value?
Question: A property has a . $66,667 decrease in appraised value
net income of $40,000.00.
One appraiser decides to
use a 12 % capitalization
rate, while a second
appraiser uses a 10% rate.
Use of the higher rate
results in
100% Correct Answers | Verified | Updated (Actual
Exam) LATEST VERSION!!
Save
Terms in this set (266)
Question: A sublessee is . Tenant
a(n)
Question: A major Lack of Liquidity
disadvantage of owning
investment property might
be
Question: The most VA loans guarranty gives the veteran favorable
favorable thing about a VA financing terms because the lender is protected from
loan is that loss
Question: Once the funds . The sub-contractor can file a lien against the home,
of a construction loan are even if the home is sold, after it closes
disbursed to the
contractor, and if the sub-
contractor is not paid,
Question: Marie dies . The courts will give the property based on state law
intestate, and her property
will transfer according to
intestate succession. This
means
,Question: A seller cannot
get marketable title due to
a break in the chain of title.
He will need
. Quiet title Action
Question: Which is the Mortgage Broker
term used for the person
or organization who acts
as an intermediary for the
purpose of obtaining
financing?
Question: Seller Andy had A fixture
a custom table made to fit
in a corner of his study,
attached to the
floorboards on one end.
When he sells his home
the table will be
considered
Question: The term lis . Advance notice of a lawsuit to be filed
pendent refers to
Question: What kind of Inclusionary
zoning would require that
a developer build 10% of
the homes in a subdivision
for low-income families?
Question: Functional . An over-improvement of the property
obsolescence can be
caused by
Question: An owner may A drug addict with abusive behavior
properly refuse to rent to
a prospective tenant
because the prospective
tenant is
,Question: 'A' purchased a Recission
commercial lot from 'B'
based on 'B's fraudulent
representation as to lot
size, zoning, and water
connections. 'A' cannot
use the parcel purchased.
What remedy should 'A'
seek?
Question: An offer is Have the offeror sign a waiver of the offer period
accepted one day after
the offer period expires.
How could the offeror
create a valid contract?
Question: A broker has an
exclusive-right-to sell
listing. A buyer offers to
purchase the listed
property. The buyer knows
that the broker is an agent
of the seller, yet tells the
agent in confidence that
she may be willing to
increase his offer by
$10,000 if it is not
accepted by the seller. The
broker
. Must convey this information to the seller
Question: To perfect a lien . Financing Statment
against personal property,
a creditor would record
a(n)
, Question: A property $7,680
manager needs to have a
bid on floor coverings
based on this statement of
fact. "The building he
manages is 90' by 60'.
Sixty percent of the
building will be carpeted
at a cost of $16.00 per
square yard, and the
remainder will be tiled at a
cost of $8.00 per square
yard. Estimate the cost of
the floor covering.
Question:
A FSBO seller and buyer The FSBO seller makes cosmetic repairs to cover the
agree to terms on a damage, and lists the property with Agent M and
contract to purchase. The informs him of the defect. Buyer C buys the home, and
buyer then finds a does not perform an inspection. Only after closing
structural defect during and moving into the home does buyer C discover the
his inspection, and cancels material defect. Who is liable? Both FSBO and Agent
the contract. M are liabe
Question: Which if the Cost
following is NOT
considered an element of
value?
Question: A property has a . $66,667 decrease in appraised value
net income of $40,000.00.
One appraiser decides to
use a 12 % capitalization
rate, while a second
appraiser uses a 10% rate.
Use of the higher rate
results in
