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[Show more]THE CE SHOP EXAMS COMPILATION BUNDLE|DOWNLOAD TO PASS
[Show more]which of the following is the price a lender believes the property will bring at a foreclosure sale? 
mortgage value 
 
 
 
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ 
willing to pay Scott's commis...
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Add to cartwhich of the following is the price a lender believes the property will bring at a foreclosure sale? 
mortgage value 
 
 
 
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ 
willing to pay Scott's commis...
The components that make up a borrower's mortgage payment can best be remembered using which acronym? 
PITI (principal, interest, taxes, and insurance) 
 
 
 
From a real estate professional's point of view, what's the purpose of qualifying buyers? 
To determine the buyer's readiness to buy 
 
 ...
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Add to cartThe components that make up a borrower's mortgage payment can best be remembered using which acronym? 
PITI (principal, interest, taxes, and insurance) 
 
 
 
From a real estate professional's point of view, what's the purpose of qualifying buyers? 
To determine the buyer's readiness to buy 
 
 ...
Depreciation 
Real property ownersip has significant tax advantages. Which of the following is an advantage? 
 
 
 
The building department 
Which entity ensures that contractors perform their work according to code by inspecting their job sites? 
 
 
 
Salesperson 
Which type of real estate license...
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Add to cartDepreciation 
Real property ownersip has significant tax advantages. Which of the following is an advantage? 
 
 
 
The building department 
Which entity ensures that contractors perform their work according to code by inspecting their job sites? 
 
 
 
Salesperson 
Which type of real estate license...
When performing a market analysis, given the adjusted sales prices of three comparables, which comparable would you weigh most heavily? 
-The one that had more upward adjustments than the others 
-The one that required less adjustment 
-The one with an adjusted sales price higher than the actual sal...
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Add to cartWhen performing a market analysis, given the adjusted sales prices of three comparables, which comparable would you weigh most heavily? 
-The one that had more upward adjustments than the others 
-The one that required less adjustment 
-The one with an adjusted sales price higher than the actual sal...
Stacey, a buyer, is working with licensee Rebecca in a state that doesn't recognize or permit implied agency. Rebecca doesn't represent Stacey, however, and is performing only ministerial tasks for her. Which of these statements about this situation is correct? 
 
A. Stacey is Rebecca's client. 
...
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Add to cartStacey, a buyer, is working with licensee Rebecca in a state that doesn't recognize or permit implied agency. Rebecca doesn't represent Stacey, however, and is performing only ministerial tasks for her. Which of these statements about this situation is correct? 
 
A. Stacey is Rebecca's client. 
...
What is a general lien? 
 
A claim against a person and all of that person's property 
 
A claim against a specific piece of property 
 
A type of mortgage lien 
 
A type of tax lien 
A claim against a person and all of that person's property 
 
 
 
Which of the following discriminatory practice d...
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Add to cartWhat is a general lien? 
 
A claim against a person and all of that person's property 
 
A claim against a specific piece of property 
 
A type of mortgage lien 
 
A type of tax lien 
A claim against a person and all of that person's property 
 
 
 
Which of the following discriminatory practice d...
The cost approach to finding an appraised value measures _______. 
 
The cost to acquire a property only 
 
The cost to acquire land and construct a reproduction 
 
The cost to construct a reproduction only 
 
The expenses the property is expected to produce for the owner 
The cost to acquire land a...
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Add to cartThe cost approach to finding an appraised value measures _______. 
 
The cost to acquire a property only 
 
The cost to acquire land and construct a reproduction 
 
The cost to construct a reproduction only 
 
The expenses the property is expected to produce for the owner 
The cost to acquire land a...
How many hours of basic principles are required before applying for license? 
60 
 
 
 
Do you have to take both required courses before applying for an affiliates brokers license? 
No. In the state of TN, a person only has to take the 60 hour course before they are eligible to test for license 
 
 ...
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Add to cartHow many hours of basic principles are required before applying for license? 
60 
 
 
 
Do you have to take both required courses before applying for an affiliates brokers license? 
No. In the state of TN, a person only has to take the 60 hour course before they are eligible to test for license 
 
 ...
What do riparian rights give landowners the ability to do? 
Use a river running through the property. 
 
 
 
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on ______. 
Littoral rights 
 
 
 
What are improvements with regard to property? 
Artificial att...
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Add to cartWhat do riparian rights give landowners the ability to do? 
Use a river running through the property. 
 
 
 
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on ______. 
Littoral rights 
 
 
 
What are improvements with regard to property? 
Artificial att...
What do riparian rights give landowners the ability to do? 
Use a river running through the property. 
 
 
 
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on ______. 
Littoral rights 
 
 
 
What are improvements with regard to property? 
Artificial att...
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Add to cartWhat do riparian rights give landowners the ability to do? 
Use a river running through the property. 
 
 
 
A cabin has 120 feet of lake frontage. The cabin owner's ability to access the lake is based on ______. 
Littoral rights 
 
 
 
What are improvements with regard to property? 
Artificial att...
Ruthe is fed up with her agent's lazy and irresponsible behavior. On top of his usual incompetence, her checking account was just hacked because he misplaced her $10,000 EMD check. She's lost $5,000 and has to pay $50 in bank fees, too. With which entity should she file a complaint? 
 
The chamber...
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Add to cartRuthe is fed up with her agent's lazy and irresponsible behavior. On top of his usual incompetence, her checking account was just hacked because he misplaced her $10,000 EMD check. She's lost $5,000 and has to pay $50 in bank fees, too. With which entity should she file a complaint? 
 
The chamber...
A real estate licensee can provide which of the following opinions? 
 
- An opinion regarding the appraisal value of a property 
 
- An opinion regarding the effect of breaking an existing agreement to accept a new offer 
 
- An opinion regarding the listing price 
 
- An opinion regarding whether a...
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Add to cartA real estate licensee can provide which of the following opinions? 
 
- An opinion regarding the appraisal value of a property 
 
- An opinion regarding the effect of breaking an existing agreement to accept a new offer 
 
- An opinion regarding the listing price 
 
- An opinion regarding whether a...
After a few meetings, the Stinsons sign a listing agreement with broker Vera so she can sell their house. The house has already generated interest from a potential buyer named Sergei, who has spoken with Vera about the house's price and square footage. Which of the following is true about this situ...
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Add to cartAfter a few meetings, the Stinsons sign a listing agreement with broker Vera so she can sell their house. The house has already generated interest from a potential buyer named Sergei, who has spoken with Vera about the house's price and square footage. Which of the following is true about this situ...
What's the maximum fine the Alabama Real Estate Commission can impose on a licensee? 
$2,500 
 
 
 
Where can licensure applicants obtain the license application? 
At the testing center 
 
 
 
Lee is wondering if he really needs to complete his CE requirements during this licensing cycle. 
Those wh...
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Add to cartWhat's the maximum fine the Alabama Real Estate Commission can impose on a licensee? 
$2,500 
 
 
 
Where can licensure applicants obtain the license application? 
At the testing center 
 
 
 
Lee is wondering if he really needs to complete his CE requirements during this licensing cycle. 
Those wh...
Which of these is a system that many states use to determine lien priority? 
First in time, first in right 
 
 
 
What is typically used to prove there are no encroachments on the property? 
Survey 
 
 
 
Emblements are considered to be ______. 
Personal property 
 
 
 
Which mortgage market compris...
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Add to cartWhich of these is a system that many states use to determine lien priority? 
First in time, first in right 
 
 
 
What is typically used to prove there are no encroachments on the property? 
Survey 
 
 
 
Emblements are considered to be ______. 
Personal property 
 
 
 
Which mortgage market compris...
Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series of...
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Add to cartBlaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series of...
Rules Relating to Contract Forms 
 
Is the following statement true or false? 
 
TREC may adopt rules that are in the public's best interest requiring license holders to use contract forms prepared by the Texas Broker-Lawyer Committee and adopted by the commission. 
True 
 
 
 
How Well Do You Know...
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Add to cartRules Relating to Contract Forms 
 
Is the following statement true or false? 
 
TREC may adopt rules that are in the public's best interest requiring license holders to use contract forms prepared by the Texas Broker-Lawyer Committee and adopted by the commission. 
True 
 
 
 
How Well Do You Know...
Which of the following is true about Alabama Real Estate Commission hearings? 
They are usually held in Montgomery County 
 
 
 
The months are just flying by, as they seem to do, and Alabama licensee Audrey has yet to complete her annual CE requirement. Assuming this is an even-numbered year, by wh...
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Add to cartWhich of the following is true about Alabama Real Estate Commission hearings? 
They are usually held in Montgomery County 
 
 
 
The months are just flying by, as they seem to do, and Alabama licensee Audrey has yet to complete her annual CE requirement. Assuming this is an even-numbered year, by wh...
CE Shop Unit Quiz questions and answers(latest update)
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Add to cartCE Shop Unit Quiz questions and answers(latest update)
The CE Shop Georgia State Exam Practice questions and answers(latest update)
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Add to cartThe CE Shop Georgia State Exam Practice questions and answers(latest update)
The CE Shop - AZ Arizona 90 Hour Salesperson Course practice exam questions and answers(latest update)
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Add to cartThe CE Shop - AZ Arizona 90 Hour Salesperson Course practice exam questions and answers(latest update)
The CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II questions and answers(latest update).
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Add to cartThe CE Shop 30-HR. TX PRINCIPLES OF REAL ESTATE II questions and answers(latest update).
What type of easement is created when the government exercises its right of eminent domain? 
 
Easement by condemnation 
Easement by grant 
Easement by implication 
Easement by prescription 
Easement by condemnation 
 
 
 
Membership in NAR—or any of its state/local associations—is ______. 
 
Ex...
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Add to cartWhat type of easement is created when the government exercises its right of eminent domain? 
 
Easement by condemnation 
Easement by grant 
Easement by implication 
Easement by prescription 
Easement by condemnation 
 
 
 
Membership in NAR—or any of its state/local associations—is ______. 
 
Ex...
Susie has opted out of opening an escrow account with her mortgage lender, which means she has a lower monthly payment. She still needs to save up, though, to make sure she can pay for taxes and ______. 
Inspections 
Repairs 
Late fees 
Insurance 
Insurance 
 
 
 
The MREC can deny, suspend, or revo...
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Add to cartSusie has opted out of opening an escrow account with her mortgage lender, which means she has a lower monthly payment. She still needs to save up, though, to make sure she can pay for taxes and ______. 
Inspections 
Repairs 
Late fees 
Insurance 
Insurance 
 
 
 
The MREC can deny, suspend, or revo...
Land, plus all things permanently attached to it naturally or artificially is 
Real estate 
 
 
 
The buildings associated with this type of real estate property are outfitted much differently than other types of office buildings because of their unique use. For example, plumbing and electrical are ...
Preview 4 out of 69 pages
Add to cartLand, plus all things permanently attached to it naturally or artificially is 
Real estate 
 
 
 
The buildings associated with this type of real estate property are outfitted much differently than other types of office buildings because of their unique use. For example, plumbing and electrical are ...
T/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30 
True 
 
 
 
T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal. 
False; 45-hour post-licensing course 
 
 
 
T/F: A sales associate in a brokera...
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Add to cartT/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30 
True 
 
 
 
T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal. 
False; 45-hour post-licensing course 
 
 
 
T/F: A sales associate in a brokera...
Regarding their employment classification, unlicensed assistants in Georgia are most often ______. 
Employees 
 
 
 
Buyer duties outlined in the Exclusive Buyer Brokerage Engagement Agreement include ______. 
Being available during the agent's regular working hours to visit properties 
 
 
 
If th...
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Add to cartRegarding their employment classification, unlicensed assistants in Georgia are most often ______. 
Employees 
 
 
 
Buyer duties outlined in the Exclusive Buyer Brokerage Engagement Agreement include ______. 
Being available during the agent's regular working hours to visit properties 
 
 
 
If th...
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