Practice Test Question 77 A broker says while showing a rural property This

# Practice test question 77 a broker says while showing

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Practice Test Question: 77 A broker says, while showing a rural property, "This property has the world'spurest well water." This would be an example of Question Result: Topic Area: Real Estate Calculations Total Topic Score: 5.0 Your Score: 3.0 Practice Test Question: 7 Two buyers bought a house with a \$178,000 mortgage. The interest rate is 6 1/2% per annum payable for 30 years. To the nearest dollar, what is their monthly principal and interest payment? (BE SURE TO USE THE AMORTIZATION TABLE.) -------------------------------------------------------------------------------- Practice Test Question: 9 If you own a building free and clear that is worth \$115,000 and want an annual return of 12%, what net income is needed each month? Question Result:
-------------------------------------------------------------------------------- Practice Test Question: 25 The sellers have agreed to give the buyers an allowance of \$16.95 per square yard to retile the kitchen. If the kitchen is 10 feet x 14 feet, how much will it cost the sellers (to the nearest dollar)? Question Result: -------------------------------------------------------------------------------- Practice Test Question: 29 A couple bought a rental house for \$195,000. Its assessed value was \$180,000. If the tax rate is \$1.50 per \$100 of assessed value, what is the monthly contribution the lenderwill REQUIRE for taxes? Round to the nearest cent. Question Result: -------------------------------------------------------------------------------- Practice Test Question: 53 A buyer wants to purchase a home for \$60,000 with a 15% down payment. The lender charges 2 points. How much money does the buyer need up front to make the purchase? Question Result: Topic Area: Specialty Areas Total Topic Score: 3.0 Your Score: 2.0 Practice Test Question: 18 Too much leverage may result in Question Result:
-------------------------------------------------------------------------------- Practice Test Question: 79 A major reason for buying and owning a condominium rather than a detached single-family home is that Question Result: -------------------------------------------------------------------------------- Practice Test Question: 80 Ownership of common stock in a corporation gives Question Result: Copyright 2000-2015 PSI. ALL RIGHTS RESERVED. Version 1.103.0.1 | Privacy Po

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