Prorations Study guides, Class notes & Summaries
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45 Hour Post Licensing Exam Correct 100%
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 
 
What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ANSWER The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorati...
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45 Hour Post Licensing Exam Questions with 100% Correct Answers
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for Correct Answer $300,000 
 
What facts need not be disclosed in a real estate transaction? Correct Answer The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? Correct Answer The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee i...
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Law of Contracts - CHAMPIONS TEST 2023 (Answered)
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Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud 
 
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days 
 
__________ extend above the surface without limitation. - Answer- air rights 
 
An example(s) of an appurtenance would be: - Answer- easements 
 
There is no upper limit on the value of a Texas homestead. - Answer- true 
 
A(n) __________ is one that combines some of ...
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Escrow Sample Test Questions and Answers Rated A
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Escrow Sample Test Questions and Answers Rated A 
An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...
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LAW OF CONTRACTS CHAMPIONS Real Actual Exam Questions And Revised Correct Answers Already Passed!!
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LAW OF CONTRACTS CHAMPIONS 
Real Actual Exam Questions And Revised 
Correct Answers 
 Already Passed!! 
A contract in which only one party is obligated to 
perform is a________ contract. - ANSWER : 
unilateral 
For tax prorations: - ANSWER : If taxes are not 
paid at or prior to closing the buyer shall pay for the 
current year, If taxes for the current year vary from 
the amount prorated at closing, the parties shall 
adjust the prorations when tax statements for the 
current year are...
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Colorado Real Estate Exam Preparation Questions: Latest Updated A+ Score Solution
- Exam (elaborations) • 24 pages • 2024
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An out of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the 
(Ans - selling price as possible income tax liability 
 
The Closing Instructions form 
(Ans - must be part of every contract 
 
According to statue, "good funds," include a 
(Ans - tellers check from savings and loan 
 
All of the following must be disclosed to a tenant by a property manager EXCEPT: 
(Ans - Disclose the name and address of the landlord 
 
According to the Contract ...
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LAW OF CONTRACTS CHAMPIONS Real Actual Exam Questions And Revised Correct Answers Already Passed!!
- Exam (elaborations) • 44 pages • 2024
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LAW OF CONTRACTS CHAMPIONS 
Real Actual Exam Questions And Revised 
Correct Answers 
 Already Passed!! 
A contract in which only one party is obligated to 
perform is a________ contract. - ANSWER : 
unilateral 
For tax prorations: - ANSWER : If taxes are not 
paid at or prior to closing the buyer shall pay for the 
current year, If taxes for the current year vary from 
the amount prorated at closing, the parties shall 
adjust the prorations when tax statements for the 
current year are...
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45 Hour Post Licensing Exam 2024
- Exam (elaborations) • 10 pages • 2024
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- $14.49
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - correct answer $300,000 
 
What facts need not be disclosed in a real estate transaction? - correct answer The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - correct answer The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage...
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PreLicensing Final Exam| Q & A, 100% verified| 2024
- Exam (elaborations) • 22 pages • 2024
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PreLicensing Final Exam| Q & A, 100% verified| 2024 
PreLicensing Final Exam| Q & A, 100% 
verified| 2024 
A broker advertises his listing as waterfront. The property has a great view of the 
lake, but there is another lot located b/w the listed property & the lakeshore. The 
listing agent may be guilty of 
Willful 
B. Misrepresentation 
A broker engaging in property management is generally tasked by the property 
owner with 
C. Reinvesting profits to build the owner's investment portfolio...
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Colorado Real Estate Exam Prep | 550 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 64 Pages
- Exam (elaborations) • 64 pages • 2023
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An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of 
the - selling price as possible income tax liability 
The Closing Instructions form - must be part of every contract 
According to statue, "good funds," include a - tellers check from savings and loan 
All of the following must be disclosed to a tenant by a property manager EXCEPT: - Disclose the name 
and address of the landlord 
According to the Contract to Buy and Sell Real Estate - ...
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