if seller B has induced buyer C, who is employed by him, to purchase property under threat of dismissal, seller B has used:
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Prospective purchasers made an offer on a property. The seller made a counter offer. The prospective buyers signed the counteroffer and the real estate agent delivered their acceptance to the seller. In the interim, the same buyers had found another house
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An Assessment of taxes on real property according to the value of the property is known as which of the following?
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An environmental statement will typically describe the effects of a proposed project varying on factors such as
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In the records at a courthouse, a second trust deed can usually be distinguished from the first trust deed by:
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Although states laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water right .Either riparian or littoral rights are automatically conveyed with property, or all water
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When one of the parties to a contract fails to perform one, of of its conditions, that contracts is considered
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At a July closing, with all adjustments paid through the day of closing, in a statuary year where the current country county assessment is 2,500, the buyer's portion would be paid in a arrears represented as A
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A qualified fee simple estate may be
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Antitrust laws prohibit competing agents from all of the following except?
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A violation of federal fair housing laws may be heard by an administrative law judge withing the department of housing and Urban development HUD or by a federal district court judge in federal court. The advantage of a federal court hearing to the complai
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A life estate may not be
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A farmer in Colorado owns some property which is legally described as the S 1/2 of NE 1/4 of SW 1/4 of section 16. How many acres are included in this parcel
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When is flood insurance necessary in order to obtain a loan
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A lender will approve an 80% loan to value loan on a property that is appraised for $ 72,250 and sells for
$ 73,500. How much may the purchaser borrow
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A buys a house with an $ 80,000 first loan and a $ 5,000 second loan which were recorded by the lenders. A $ 10,000 judgment lien is later recorded by someone the buyer owed money to prior to buying the home . Which lien has priority
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What type of lease is best for a commercial tenant during an inflationary period?
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A couple is moving to a new city. They have chosen to rent temporary before buying a house to see which part of the city they would like to live in. What type of lease would better suit the couples needs
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Under an installment land contract, who retains ownership of the property
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The equal credit opportunity act addresses all of the following with the exception of
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Respa requires disclosure of
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An agency relationship between a property owner and a property manager is typically created through
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What is the value of a property where the gross rent multiplier is 170 and the annual rent is 12000
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A major reason for buying and owning a condominium as opposed to detached single-family is that
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A buyer made an offer on a property that was listed at 350,000. She wanted to put down 35,000 and make payments to the seller to retain the title until the principle was paid off. The seller accepted, the buyer became a
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The real estate broker who is listing a house for sale should verify
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In calculating tax relating to the taxpayers primary dwelling, He/she may deduct
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A salesperson lists a property with a state contract that allows dual agency. The sales person is considered
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If a building is owned, free and clear that is worth
$ 115,000 and you want an annual return of 12%. What net operating income is needed each month
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The difference between a cooperative and a condominium owner is that a condominium owner may
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A corporation wishes to purchase an entire property as sole owner. It would purchase as an/a
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The buyer is assuming a loan presently on the property in the amount of $ 110, 000. What is the adjustment at closing?
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A seller informs the listing broker that her home was treated for termites 10 years ago, so there are no termites now. Before listing the property the agent should?
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For federal income tax purposes, which of the following are costs of ownership that may be deducted from gross income
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Which of the following will give up the taxpayer the greatest benefit
Your answer, a tax credit., was correct!.
A tax credit reduces a person's tax liability dollar for dollar. Deductions, depreciation and depletion reduce taxable income.
Taxes paid in advance are shown on the closing statement
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A characteristic of owning property by land trust, is that
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The higher the leverage
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Whether or not an FHA loan is a qualified or unqualified assumption depends on
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A contract has been written in which obliges the seller to transfer title to their land to the buyers, if the buyers come up with $ 22,000 on or before December 31st. This is called
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At the time of harvest, crops that require annual planning are typically considered to be?
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The name of the colorless, odorless gas often found in residential properties that represents an environmental health hazard associated with promoting lung cancer is
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The person or party pledging real estate as security for a debt in a mortgage is called the
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A couple signed a lease on a property for a period of 1 year. The lease does not contain an automatic renewal clause. The couple plans to move out at the end of the lease. How much notice must they give to comply with the lease term,
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X owns a lot that fronts a lake. Y owns the lot directly behind X's lot. Y procures an easement from X to gain access to the lake. Which of the following is likely to be true
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Parcels A, B and C are located side by side and owned by three different individuals. A portion is worth $ 20,000, B is worth $ 27,000 and C is worth $16,000 for a total of $ 63,000. A developer believes that if all three can be purchased, the larger parc
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What kind of deed is used to guarantee that during the duration of the current owner, he has not jeopardized the title
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after gathering information from various appraisers approaches, the appraiser must then
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In valuing a public fire station, an appraiser would place the most emphasis on the
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A managing broker may be held responsible for
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The four characteristics of value are
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Market value is most clearly related to
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In comparing 2 properties, you find that the comparable has a fireplace worth $2000 as in the subject. You would:
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ownership in the common areas of a condominium is held by all owners as:
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The method of depreciating investment property is to depreciate:
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A $45,000 house depreciates at twice the average rate of 40 years. What is the value after one year?
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A $50,000 loan has equal interest payments and then a final payment of $50,000. This is:
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A Promisory Note:
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A property owner wants to sell his home but does not want to list his property. He tells a broker, "If you sell my home, I will pay you a commission." This is most likely
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Two people decide to buy real estate in the name of a corporation. What form of ownership applies?
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