THE CE SHOP EXAMS COMPILATION BUNDLE|DOWNLOAD TO PASS

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 ...

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...

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...

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. ...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...