By LearningExpress Editors
As a way to develop into an authorized actual property salesclerk in such a lot states, applicants needs to go a true property revenues examination. There are numerous various tests that examine the information and alertness of nationwide actual property legislation and practices. This publication is acceptable to be used in all 50 states. Designed to aid all applicants who have to arrange for this significant examination, this learn reduction comprises four entire perform tests, a true property refresher path, a true property math evaluate, a true property thesaurus, in addition to a loose CD-ROM.
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C. The Fair Housing Amendments Act of 1988 added the presence of children in a family as a protected class. 70. d. A property’s net operating income is derived by first estimating its potential gross income, then deducting estimated vacancy and collection losses to derive effective gross income, and finally subtracting yearly operating expenses from effective gross income. 71. a. Under the police powers given by the state, local jurisdictions regulate and control the use of the land through enacting and enforcing zoning laws.
1978. 82. A broker obtains an exclusive listing. Until the broker fulfills that contract, it is best described as a. executory. b. partial performance. c. having been executed. d. a unilateral agreement. 79. Which of the following would be included in a spot survey of a single lot? a. the location of any improvements b. identification of any public transit services c. directions to shopping areas d. the zoning classifications of adjacent properties 83. The remaining balance on Shari Larson’s mortgage is $185,500.
53. 47 – REAL ESTATE SALES EXAM 1 – 77. c. If the parties agree, consideration need not be valuable in order to be considered “good” enough. 78. d. Lead-based paint has not been used since 1977. 79. a. A spot survey discloses any improvements on a property, as well as any encroachments or easements. 80. b. All earnest monies held for others must be held in an escrow account, not in anyone’s personal account, deal file, or company operating account. 81. b. The comparative market analysis is the process by which professional agents assist a seller in establishing a listing price.
