Emily Landon

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Contracts. Practice Real Estate Exam

Posted by on in Contracts
Contracts. Practice Real Estate Exam   177        What is the toxic insulation material that was used in residential housing for insulation from the 1970’s to the 1980’s?               UREA-FORMALDEHYDE INSULATION        ASBESTOS            FIBERGLASS         LEAD BASED INSULATION            Urea-formaldehyde foam insulation (UFFI) started being used in the 1970s and stopped being used In the 1980s because concerns began to develop about the toxic formaldehyde from the breakdown of old foam. Asbestos was a commonly used material for insulation and is no longer commonly used in construction in the United States.       Contracts 178        Which of the following best describes a... Continue reading

Valuation and Market Analysis Practice Questions

Posted by on in Valuation & Market Analysis
Valuation and Market Analysis Suretestsagent.com questions. Check them out!   54           Bob is the owner of a property and he builds a shed that extends 3.5 feet over the lot line onto a neighbor's property. The shed is example of a(n)              ENCROACHMENT             ENCUMBRANCE LICENSE                EASEMENT          RESTRICTIONAL RIGHT Property encroachment occurs when one land owner builds something that protrudes onto another lot. An easement is the right to use another's land without possessing it.         Valuation and Market Analysis 55           Corn and Soybeans that are planted to be harvested are best described as FRUCTUS INDUSTRIALES    EMBLEMENTS  ... Continue reading

Land Use Controls and Regulations Practice Questions

Posted by on in Land Use Controls
Land Use Controls and Regulations Practice Questions   Which of the following is not listed in the "Real Estate Bundle of Rights"?              1) ENCROACHMENT          2) RIGHT OF EXCLUSION                  3) RIGHT TO ENJOY THE LAND       4) THE RIGHT TO SELL OR GIVE THE LAND TO ANTHER INDIVIDUAL The real estate bundle of rights is a set of legal rights afforded to the real estate holder. The bundle of rights does not include  encroachment, as encroachment is one owner's property advancing beyond their property line onto another property without permissions or a license.               What is... Continue reading

Practice of Real Estate Question

Posted by on in Practice of Real Estate
A real estate agent is not able to   A) INFORM CUSTOMERS OF NEIGHBORHOOD AFFLUENCE, RACE, AND SCHOOL DISTRICTS. B) WORK WITH A CLIENT TO DETERMINE IF A PROPERTY IS SUITABLE FOR HIS FAMILY           C) ASK THE BUYER WHAT REASONS THEY HAVE TO SELL THE PROPERTY        D) EXPLAIN THE HUD-1 SETTLEMENT FORM           A real estate agent is not allowed, by law or ethics, to divulge information about a region’s demographics as far as race is concerned, however they can refer a customer to a source that will state these statistics.     ... Continue reading

Real Estate Practice Exams - Rentals and Security Deposits

Posted by on in Rental
Rentals and Security Deposits   A bank account used to hold rental security deposits can A) EARN INTEREST B) NOT EARN INTEREST C) EARN INTEREST TO BE PAID THE PROPERTY MANAGEMENT         D) EARN INTEREST BUT MUST BE PAID TO A REAL ESTATE BROKER              A property manager should (and in most jurisdictions must) place the security deposit in an interest bearing account; the interest must be paid to the tenant who originally provided the security deposit.... Continue reading

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