Unlike apartments, which are leased by their tenants, condominium units are owned outright. A lease for a definite time period would be, Some general rules for display advertising include, When dealing with a prospect who is slow and methodical, the salesperson should, An Act of Congress that specifically reaffirmed the Civil Rights Act of 1866 was the, The Civil Rights Act that applied to race only was the, A real estate broker advertised a property for a principal. All states require up to date forms of government-approved I.D (drivers license, U.S. Passport, birth certificate). Broker Examination (the real estate school has submitted your course completion information directly to PSI) Select "Register for this exam". Have fun, study hard, and reach out if you have any questions. Under the typical condominium arrangement, the facilities are owned by. Florida Real Estate Sales Associate Exam: Test Prep & Study Guide Final Scarcity, improvements and permanence of investment are all economic characteristics of real estate. Which of the following statements about water rights is true? Usually taxes and insurance costs are added to your monthly payment. A comparative market analysis is an examination of the prices at which similar properties in the same area recently sold. 150+ Free California Real Estate Practice Exam Questions (February 2023) A licensee is just: A real estate agent is a professional who has passed the required real estate classes and licensing exams in the state where he/she intends to work. Unlike apartments, which are leased by their tenants, condominium units are owned outright. Expect around 15 of these to be math related. The exam time limit can range between 90 minutes and four hours. When the sellers resist making concessions to (or countering) a reasonable offer, an effective approach to use, that has no rational basis, would be which of the following? After the lease expired, the tenant paid 1 month's rent and got a receipt. Which is a characteristic of loans made by mortgage loan brokers? It is then used to calculate or identify the market value of the property. Depreciation is any loss in the value of a property over time from any cause. In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions; about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. Fraud is the act of intentionally deceiving another party for financial or personal gain. ", "Bait-and-switch" advertising is specifically prohibited by the, The broker's exemption to the escrow licensing requirement applies when the broker, The type of advertising that is MOST expensive is. Real Estate Training Final Exam Free Practice Test Free Practice Test Instructions: Choose your answer to the question and click 'Continue' to see how you did. Real estate agents included. A trustor can be an individual or organization. 75+ Free New York Real Estate Practice Exam Questions (February 2023) Three of the topics are state-specific. An offer from a third party does not affect someone else's offer. 3. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer's inability to secure a mortgage. We also have detailed state-specific practice exams located down below, along with an extensive math practice exam.

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