Mini Test #2
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Tommy, a licensed broker, sells a house and receives a commission of $21,600, which is 6% of the sale price, what is the sale price?
1 point
A 50 feet by 125 feet lot zoned for commercial use was sold for $455,000. What was the price per square foot?
1 point
Per capita and household income are significant determinants of land and its value and fall under the following category of forces affecting real estate value?
1 point
A comparative market analysis (CMA) resembles which approach to real estate valuation?
1 point
At closing, the title company will ask the seller to sign a document assuring that there have been no judgments, bankruptcies, or divorces involving the seller since the date of the title examination. What is the name of that document?
1 point
Midboro Property Management is contracted to receive 10% of the monthly rental income collected at the Dunbar Apartments. The monthly rent roll for the property is $55,000. One tenant only paid $250 of his $1,000 monthly rent and three tenants skipped out on their of $1,000 each rent. What will Midboro Property Management collect as their fee for the month in question?
1 point
An abstract of each tenant’s existing lease and a description of the property’s curb appeal are maintained in a property manager’s:
1 point
When Charles does not assert his rights when there is an encroachment on his property such as a neighbor’s garage straddling his property line, this is called
1 point
Which is NOT considered chattel?
1 point
A broker may legally pay all or part of a real estate commission to:
1 point
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