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Power of Attorney. Conservatorship or guardianship. Contracts and Contract Law. Which of the following lists the essential elements of an enforceable real estate contract?
A listing agreement did not include an authorization to accept a deposit. Which of the following is correct? The authorization is implied. The broker cannot accept the deposit.
None of the above. Real Property Characteristics. Which of the following is considered personal property?
Physical improvements. Growing trees. A deed. Homeowner Howard's home was foreclosed. Understandably, Howard was quite upset, and just before he was ordered to vacate the home, he removed all of the plumbing fixtures, lighting fixtures and built-in appliances from the home.
When Howard's lender listed the property for sale, the listing agent realized that the fixtures had been removed.
What is the act of removing the fixtures from the home called? Water Law. Which of the following correctly defines the doctrine of prior appropriation?
The person or entity who pays the highest price for the use of the water source is granted the use rights to the water in the source. The right to use river water adjacent to one's property.
The rights to free use of all lake water. Freehold Estates. The lessee of an apartment and the owner of a condominium have many things in common.
Which of the following is true for both? They each hold a fee simple interest. They each hold an estate in real property.
They each hold a less than freehold estate. They each hold an estate of inheritance. Fee simple absolute. Fee simple defeasible.
Determinable fee. Life estate measured by the duration of their ownership. Holding and Transferring Title. The deed specified as grantees simply as "Amanda Smith, Beatrice Smith, and Constance Smith" but did not specify the tenancy created.
Environmental Law. A real estate licensee has out-of-town relatives come to visit. He shows them several listings, but they simply are not interested in purchasing any of the listings he shows them.
Finally, after several long days of viewing listings, the licensee writes up a lease proposal with an option to purchase. All of the above.
When an environmental hazard such as mold exists on a subject property, a typical remedy to cure the defect is abatement of the defect.
Abatement is the elimination of the nuisance by the party that is offended or injured by the nuisance. Abatement is the elimination of the nuisance through a court proceeding whereby the party who caused the nuisance must arrange and pay for the cleanup.
Abatement is the removal of a nuisance through an environmentally friendly process, and special court orders must be issued before abatement can ensue.
Abatement is the removal of a nuisance with a proviso that the removal must not cause damage to the property or disturb the peace.
Land Descriptions. Which of the following is the method of legal description that uses carefully measured distances, angles and directions to define the boundaries of a parcel of real estate?
Which of the following correctly defines the term "baseline"? A line of latitude running horizontally that is the starting point of latitude for all sectioned land within a given survey area.
The north-south line that runs through the initial point of a survey area and is situated on a true longitudinal meridian. A row of townships extending east and west.
A strip of land six miles wide running North and South. Development and Construction. Which model of city planning and development is defined by a central business district is in the middle of the model, with the city expanding in rings with different land uses?
Which model of land development is based on the theory that even though a city may have begun with a central business district CBD , other smaller CBDs develop on the outskirts of the city near the more valuable housing areas to allow shorter commutes from the outskirts of the city?
Housing Plus, Inc. The company primarily assists those owners of dwellings in existing subdivisions that are sufficiently spacious to qualify for the addition of an ADU.
Home owners typically add an ADU for the enhanced rental potential the units add to residential real estate. But Housing Plus, Inc. Which of the following describes the work of Housing Plus, Inc.?
Infill development. Greenfield development. Brownfield development. Commercial development. Tax Implications on Real Estate. What portion of the sales proceeds is taxable?
Two people, an investor and a business property owner, want to sell their properties to each other in a exchange. The investor owns a 10 acre parcel improved with an office building.
The business property owner owns a parcel of real estate improved with an apartment building. Here is the government survey system legal description for the realty owned by the business property owner: "The Northeast Quarter of the Northwest Quarter of the Southwest Quarter of Section Both properties have the same value, and neither property is encumbered with liens.
Which of the following is a correct statement? The like-kind exchange cannot be used to exchange an office building for an apartment building.
Because the investor's parcel is smaller than the parcel owned by the business property owner, the investor will owe the business property owner "boot.
Provided a personal residence has sufficient market value, it can be used in a exchange. The exchange will defer payment of a capital gains tax until the new property is sold.
Federal Law. These types of agreements are considered anti-competitive because they conspire to establish dominance in a particular market.
Leases and Leasehold Estates. The "Statement of Purpose" section of a narrative appraisal report would contain which of the following?
The type of value being estimated. The method of appraisal approach. The reconciliation of values. The valuation. Where in the range of market value, from low to high end, is a listing price likely to fall?
Statement 1: In some states, the borrower who finances the purchase of property hypothecates title to a property and does not actually keep title to the property during the term of the loan.
States that employ this custom are lien theory states. Statement 2: In some states, the borrower who finances the purchase of property holds both actual title and equitable title to a property during the term of the loan, and the lender's interest is secured with a deed of trust.
These states are title theory states. These states are lien theory states. Statement 1 and 2 are false. You are free to use it for any application, but please do not abuse or rely upon it for anything of importance.
You should also build your client to cope with the broker restarting. This server is provided as a service for the community to do testing, but it is also extremely useful for testing the server.
This means that it will often be running unreleased or experimental code and may not be as stable as you might hope.
It may also be slow - the broker often runs under valgrind or perf. Finally, not all of the features may be available all of the time, depending on what testing is being done.
Mobile device testing is conducted using an Unless noted, all websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Windows 10 Pro operating system. Tablet: iPad Air 2 with the most current iOS. All eight core categories are factored in to compile the Overall ranking for each broker.
The weightings of each category were as follows view the Final Rankings :. Each individual category score is also translated into a star rating. The number of points awarded for each "Yes" varies by variable depending on its significance.
Example: Broker XYZ has nine of ten features for category Research and earns 14 out of a possible 15 total points remember, points allotted to each individual variable varies.
Next, the editorial team gives an opinion score to each broker for the category. Half points are used, e. Order your translations quickly and easily via our platform from just 7 cents per word.
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