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33. Which feature applies to the lender’s (mortgagee) title insurance policy?

86. Which statement regarding state intangible taxes on new mortgages is TRUE?

81. Which legal procedure is used to determine a fair price in an eminent domain action?

87. Which valuation product requires the services of a licensed or certified appraiser ?

89. A contract for sale and purchase stipulates that the seller will pay for title insurance. The contract further states that the seller will choose the title insurance company. Which statement applies to this situation?

78. Which document must a prospective buyer of an existing (resale) condominium unit receive?

54. A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is called

21. Which statement is FALSE regarding postdated earnest money checks?

74. A written contract for sale and purchase of commercial property that utilized designated sales associates failed to close. Which statement is TRUE regarding the retention of brokerage relationship disclosure documents?

92. You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for this property, including a $4,400 reserve for replacements, total $176,000. What is the property’s net operating income?