Myfailedrealestateexam

Question Your Response Status 1. What is sick building syndrome? b) A matter of chemical pollutants. condition 2. A county or municipal authority normally grants a certificate of occupancy for new-made construction completely after what happens? c) The construction complies with building codes. sort 3. Lets not do business with AVC strong Estate Company; they send away their commissions is an example of what? a) footing fixing. inconclusive 4. Eric is acting as a expose ternary agent in a transaction. Which statement is confessedly? c) Eric may not represent the sellers interests to the outrage of the buyer. pass up 5. What is the only real property interest that shareholders have in a cooperative? d) Fee unbiased defeasible. INCORRECT 6. Which of the undermentioned is a prohibited activity for an unlicensed assistant? d) pose platefuls, apartments or other real property. Correct 7. Sal, a bachelor, bought a home for $150,000. He made $150,000 of improvement s. He sold the home for $750,000 and paid $50,000 in selling set downs, including the brokers commission. After his $250,000 exclusion, on what quantity will he pay capital gains tax? d) $400,000 INCORRECT 8. What is the class life for nonresidential buildings purchased after May 12, 1993? c) 27.5 days INCORRECT 9.

Greg and Joyce have an adjustable aim mortgage on their home. What is the key feature of this type of loan? c) The interest set up can vary. Correct 10. Which term best describes the relationship of a cooperating broker to the listing brokers seller? c) Subagent. Correct 11. Which of the following would not be an advanta ge of buyer brokerage firm house? b) A buy! er agent can accomplish on behalf of the sellers without violating his or her fiduciary duties to the buyer. Correct 12. How does a prorated expense appear on the settlement statement? d) A calculate to one companionship and a credit to the other. Correct 13. How is a conventional life demesne created? b) A fee simple owner grants the life realm to a life...If you want to perplex a full essay, golf-club it on our website: BestEssayCheap.com

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