Samenvattingen, Aantekeningen en Examens

Nebraska Real Estate SAMPLE Test Questions with 100% Correct Answers The earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached, is known as: A) Real Property B) Real Estate C) Land D) A bundle of legal rights - Answer- D) A bundle of legal rights Moveable objects, which are not considered real estate, are known as: A) Real property B) Personal property C) Fixtures D) Emblements - Answer- B) Personal Property T...

Nebraska Real Estate Exam Review. State and National Questions and Answers 100% Pass A salesperson may, without the supervision of a broker: - Answer- Handle the closing of his own property sold "by owner". A broker is guilty of commingling funds if he: - Answer- Places an earnest deposit in anything other than the designated brokerage account. A real estate broker trading under an assumed, or fictitious name: - Answer- Must furnish a certificate to the commission setting forth such as...

NE Real Estate License Act Exam Questions and Answers 100% Pass A new Nebraska real estate licensee has been asked by a new customer to help determine value on the home they are preparing to put on the market. The new license should perform the following for a customer; - Answer- Comparative Market Analysis, (CMA) simplified version of the sales comparison approach to help determine the value of real estate. Kayla has successfully completed all of her pre-licensing requirements and was wa...

Nebraska Real Estate Principles Exam Questions and Answers An agent intending to work with a seller shall provide a written disclosure to such seller that shall contain all of the following EXCEPT: - Answer- a statement that the broker will act as a dual agent The following statements regarding relationships are true EXCEPT - Answer- The licensee by default represents a buyer or tenant. 2. You must have a written contract to represent a seller or landlord. YOUR ANSWER 3. You do not need ...

STATE (Nebraska) Real Estate Practice Exam 1 Questions and Answers 100% Pass Restrictive Covenants - Answer- prohibit all future owners from certain actions or modifications of their property and placed by private parties, consistency and desirability of a neighborhood Closing Disclosure, a statement of actual charges and adjustments, to the borrower by the lender - Answer- The TRID form, TILA-RESPA escrow accounts that accumulate funds from closing costs and monthly payments to ensure t...

Nebraska Real Estate Exam Questions and Answers 100% Pass The earths surface extending downward to the center of the earth and upward into space, including all things permanently attached, known as: - Answer- A bundle of legal rights Movable objects, which are not considered real estate, are known as: - Answer- Personal property The permanent right to use another's land for the benefit of a neighboring parcel is know as; - Answer- An appurtenant easement The ownership of property by on...

The earths surface extending downward to the center of the earth and upward into space, including all things permanently attached, known as: -A bundle of legal rights Movable objects, which are not considered real estate, are known as: -Personal property The permanent right to use another's land for the benefit of a neighboring parcel is know as; -An appurtenant easement The ownership of property by one person only known as: -Severalty a condensed history of a title to a particular piece ...

Restrictive Covenants - prohibit all future owners from certain actions or modifications of their property and placed by private parties, consistency and desirability of a neighborhood Closing Disclosure, a statement of actual charges and adjustments, to the borrower by the lender - The TRID form, TILA-RESPA escrow accounts that accumulate funds from closing costs and monthly payments to ensure that property taxes and homeowner's insurance are kept current are called what? - impound accoun...

Nebraska Real Estate Exam Review. State and National Questions and Answers 100% Pass A salesperson may, without the supervision of a broker: - Answer- Handle the closing of his own property sold "by owner". A broker is guilty of commingling funds if he: - Answer- Places an earnest deposit in anything other than the designated brokerage account. A real estate broker trading under an assumed, or fictitious name: - Answer- Must furnish a certificate to the commission setting forth such as...

Nebraska Real Estate Principles Exam Questions and Answers An agent intending to work with a seller shall provide a written disclosure to such seller that shall contain all of the following EXCEPT: - Answer- a statement that the broker will act as a dual agent The following statements regarding relationships are true EXCEPT - Answer- The licensee by default represents a buyer or tenant. 2. You must have a written contract to represent a seller or landlord. YOUR ANSWER 3. You do not need ...