Blog

22. You are a landlord who discovers that one of your tenants is having new carpet installed in his apartment without your consent. To protect yourself, you should file a(n): a.  cease and desist order.        b.  mechanic’s lien.         c.  unlawful detainer action. d.  notice of non-responsibility.

3. Escrows base monthly prorations on how many days? a.  28         b.  29         c.  30 d.  31

25. Which of the following is NOT a type of property lot? a.  Curb lot                        b.  Interior lot                    c.  Key lot d.  Corner lot

9. Real property consists of: a.  land and structures on the land.     b.  anything incidental to the land.       c.  anything appurtenant to the land. d. all answers are correct.

26. The rate the borrower is actually paying (including interest, points, and loan fees) is called: a.  the wishful interest rate.        b.  the partially realized interest rate    c.  the effective interest rate. d.  all answers are correct.

1. Zoning is under the control of: a.  private parties. b.  government agencies.          c.  the Department of Real Estate. d. none of the answers are correct.

43. Which of the following are considered the most popular real estate brokerage websites? a.  realtor.com and zillow.com                      b.  homealone.com and buymyhouse.com    c.  perfectrealtor.com and lowcommission.com d. None of the answers are correct

48. The current status of items from the county records affecting the property’s title is called the: a.  coinsurance clause.  b.  title insurance. c.  preliminary title report. d.  none of the answers are correct.

40. The salesperson exam requires what percent of correct answers to pass? a.  60%                  b.  80%                 c.  70% d.  90%

44. If the prospective investor of real property is most concerned with making money off the usefulness of the improvements, he or she would be most concerned with: a.  economic life remaining in the improvements.         b.  physical life remaining in the improvements.       c.  chronological age of the improvements. d.  none of the answers are correct.