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78. Which document must a prospective buyer of an existing (…

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

Published February 20, 2021
Categorized as Uncategorized

89. A contract for sale and purchase stipulates that the sel…

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?

Published February 20, 2021
Categorized as Uncategorized

87. Which valuation product requires the services of a licen…

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

Published February 20, 2021
Categorized as Uncategorized

81. Which legal procedure is used to determine a fair price…

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

Published February 20, 2021
Categorized as Uncategorized

86. Which statement regarding state intangible taxes on new…

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

Published February 20, 2021
Categorized as Uncategorized

21. Which statement is FALSE regarding postdated earnest mon…

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

Published February 20, 2021
Categorized as Uncategorized

74. A written contract for sale and purchase of commercial p…

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?

Published February 20, 2021
Categorized as Uncategorized

67. Can an insurance company refuse to provide insurance cov…

67. Can an insurance company refuse to provide insurance coverage to applicants within a particular neighborhood because of the racial and ethnic characteristics of the neighborhood?

Published February 20, 2021
Categorized as Uncategorized

57. A sales associate receives a deposit from a buyer on Wed…

57. A sales associate receives a deposit from a buyer on Wednesday morning. The associate must

Published February 20, 2021
Categorized as Uncategorized

92. You are analyzing an investment property. You forecast t…

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?

Published February 20, 2021
Categorized as Uncategorized

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