Myfailedrealestateexam

Question Your Response Status 1. What is sick building syndrome? b) A matter of chemical pollutants. sort 2. A county or municipal authority normally grants a certificate of occupancy for novel construction completely after what happens? c) The construction complies with building codes. decry 3. Lets not do business with AVC existent Estate Company; they send away their commissions is an example of what? a) charge fixing. amiss(p) 4. Eric is acting as a expose two-fold agent in a transaction. Which statement is confessedly? c) Eric may not represent the sellers interests to the outrage of the buyer. even out 5. What is the only real property interest that shareholders have in a cooperative? d) Fee honest defeasible. INCORRECT 6. Which of the following is a prohibited activity for an unlicensed assistant? d) turn in basiss, apartments or other real property. Correct 7. Sal, a bachelor, bought a home for $150,000. He made $150,000 of improvements. He sold the h ome for $750,000 and paid $50,000 in selling disbursements, including the brokers commission. After his $250,000 exclusion, on what issue forth will he pay capital gains tax? d) $400,000 INCORRECT 8. What is the class life for nonresidential buildings purchased after May 12, 1993? c) 27.5 historic period INCORRECT 9. Greg and Joyce have an adjustable aim mortgage on their home. What is the key feature of this type of loan? c) The interest graze can vary. Correct 10. Which term best describes the relationship of a cooperating broker to the listing brokers seller? c) Subagent. Correct 11. Which of the following would not be an advantage of buyer brokerage house? b) A buyer agent can act on behalf of the sellers without violating his or her fiduciary duties to the buyer. Correct 12. How does a prorated expense appear on the settlement statement? d) A debit to one companionship and a credit to the other. Correct 13. How is a conventional life demesne created? b) A fee s imple owner grants the life realm to a life! ...If you want to see a full essay, golf-club it on our website: BestEssayCheap.com

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