Score 0 out of 1 No Question 36 How many sections are there in a township

Score 0 out of 1 no question 36 how many sections are

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Score: 0 out of 1 No Question 36 How many sections are there in a township? Response: Thirty-six Correct answer: Thirty-six Score: 1 out of 1 Yes Question 37 A lien holder can change the priority of a junior lien by agreeing to Response: subordinate the lien. Correct answer: subordinate the lien. Score: 1 out of 1 Yes Question 38 An agent's performance of due diligence concerning a listing can best be described as Response: expending an amount of effort that is commensurate with the nature and size of the transaction. Correct answer: ascertaining the facts about the client and the property at the onset of the listing period.
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Score: 0 out of 1 No Question 39 The land on which a house was built is worth $50,000. The house was constructed in 1986 at a cost of $265,000 and was expected to last 50 years. Using the straight-line method, determine how much the house has depreciated by 2010. Response: $28,600 Correct answer: $127,200 Score: 0 out of 1 No Question 40 One of the primary purposes for the secondary mortgage market is to Response: cycle funds back to primary lenders so they can make more loans. Correct answer: cycle funds back to primary lenders so they can make more loans. Score: 1 out of 1 Yes Question 41 In real estate, a salesperson is always a(n) Response: licensee who performs real estate activities on behalf of a broker. Correct answer: licensee who performs real estate activities on behalf of a broker. Score: 1 out of 1 Yes Question 42 A principal instructs an agent to market a property only to families on the north side of town. The agent refuses to comply. In this case, Response: the agent has not violated fiduciary duty. Correct answer: the agent has not violated fiduciary duty. Score: 1 out of 1 Yes Question 43 What is the purpose of usury laws? Response: To protect consumers from lenders charging excessively high rates Correct answer: To protect consumers from lenders charging excessively high rates Score: 1 out of 1 Yes Question 44 The role of local tax districts is to
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Response: Manage their budgeted portion of real estate tax revenues levied and distributed by the state. Correct answer: Impose property taxes for specific municipal services. Score: 0 out of 1 No Question 45 All of the following questions are acceptable when interviewing a prospective tenant EXCEPT: Response: "Do you have any kind of physical disability that I can't see?" Correct answer: "Do you have any kind of physical disability that I can't see?" Score: 1 out of 1 Yes Question 46 The approval process for development of multiple properties in an area includes submission of Response: a plat of subdivision. Correct answer: a plat of subdivision. Score: 1 out of 1 Yes Question 47 The loan in which equal payments reduce the full amount of principal and interest to zero is a(n) Response: amortized loan.
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  • Summer '19
  • Mary Broding
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