A government official who assesses real estate for tax purposes is a(n): In a purchase contract in which the buyer takes an ineligible loan from the seller: A lender owns an escrow deed and a note that has been paid in full. The lender does not register a deed of discharge and the lien remains registered on the property. Which of the following should the trustee take? Gertrude Greenspan wants to list her house with you. She needs $95,000 in her pocket after paying commissions and closing costs totaling 9%. For how much should you list their home? A buyer looking for high leverage to pay PMI would ask for a loan with which of the following? An owner agrees to rent a property intended to serve as a casino. State laws prohibit gambling. This contract would be legally defined as the priority of a mortgage is determined by the date it was executed A property is listed at $70,000 with Rockwell Realty. Rockwell Realty negotiated with Woods, who knew the property well and agreed to buy the property at that time. Rockwell Realty is preparing a purchase agreement to be signed by Woods. The copies will then be sent to Downes, the owner, for signature on May 31, 2014. Downes will receive copies on June 3, 2014.

He signed them and sent the signed copies to Woods on June 5, 2014. On June 4, 2014, Woods Downes wired downes: « Offer withdrawn. » In these circumstances: For which contract can a three-day right of withdrawal be exercised? The alliance of quiet enjoyment can be best described by what answer. Tax valuations based on the value of a property are known by which of the following? K and R bought a house as roommates. If K dies, which of the following claims about property is correct? Upon proper admission to the county where the defendant`s property is located, a judgment becomes a minority couple comes to an agent looking for a home. The agent knows the properties the couple qualifies for, but avoids showing or mentioning these listings. Instead, the agent only takes them to properties located in cheap, integrated neighborhoods. This practice is known as: A written power of attorney must be registered in the county where the property is located An assignment-leaseback agreement is an agreement in which a seller sells a property to a buyer and then leases the property. What is fair since it applies to a sale-leaseback contract? One tool that requires a case to be legally effective is a(n): By agreement, one party to a contract has been fired and another party has taken its place, an act known as a(n) to determine in court that you are entitled to a commission as an agent, which of the following options could you exclude? The substitution principle, which states that no one will pay for an item if an equally substitutable item is available at a lower price, applies to which valuation methods? Bob and Betty Brown just applied for a new $80,000 loan. The interest rate on the bond is 10.25%. Debt service is $708 per month. The note is a 30-year loan. What is the total interest paid by the borrower over a 30-year period? The broker must insist that he meet at the office before going out and showing the property A broker with Seller Agency will show a buyer the seller`s house.

Who represents the buyer? Ed rents Pete a retail space for a restaurant, and Pete sets up his cabins, counters, and other equipment. When do these objects become real estate?. You make an offer to the seller. They coincide with the price, the inclusions, everything except the closing date. The right way to handle this is: The purchase contract deals with the following issues: projects the impact of a proposed project on the environment An owner advertises a property with a swimming pool. The owner can: A seller has his home listed with a broker. After a few months, the seller found a buyer and the sale was concluded. The seller was not obliged to pay a commission to the broker. This list was VERY LIKELY: If an agent has a list and transfers companies, the list will stay with him/her and the new company OR will the listing stay with the original company?. The concept that real estate values are constantly evolving in response to various social, economic, state and environmental forces is referred to as such: A partially amortized loan has a larger payment with a smaller balloon payment What type of card is most useful for describing the terrain of a very hilly plot? Before closing, it is usually the responsibility of the following person to order the valuation: The difference between a term loan and a partially amortized loan is? An elderly couple sells their house, they accept an offer, but the closure has not yet taken place.

The couple sinks into a car wreck and the man dies. Since she knew it would be difficult to get the surviving woman to move, was she able to pay the brokerage commission and terminate the contract? Which of the following documents accompanies the trust deed? The zone between two incompatible zoning zones is mentioned: The mechanic`s privilege prevails over the mortgage lien violates fair housing laws because it makes discriminatory advertising The owner is not required to register with the Real Estate Commission, but must meet local and state requirements for this subdivision. Jeff`s land has an easement to cross Bill`s property. Jeff divides his property and sells it to Charlie. What statement is true? How far is it between the boundaries of a township? Standard title insurance provides protection for John Jones, who owned land around his copper mine. He sold the mine and property for $230,000, with the verbal understanding that copper mined before the sale date would not be included in the sale.