Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A feature of joint tenancy with survivorship is that A. it provides for the disposition of personal possessions. B. a corporation can be a joint tenant. C. the surviving joint tenant(s) acquire the property free and clear of any liens against the deceased. D. it eliminates probate. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link What type of mortgage loan is likely to be tied to a publicly available index that is mutually acceptable to the lender and the borrower? A. Renegotiable rate mortgage. B. Graduated payment mortgage. C. Adjustable rate mortgage. D. Freddie Mac. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link An owner has decided to sell a home. The home currently has a one-car garage. All the recent sales comps in the neighborhood have two-car garages. After checking with contractors, the owner finds that expanding the garage to accommodate a second car would cost $12,000. When performing a comparative market analysis for this property, a broker would make what kind of an adjustment? A. Add to the value of the owner's home. B. Subtract from the value of owner's home. C. Add to the sales price of recent sales comps. D. Subtract from the sales price of recent sales comps. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following items would be prorated at closing with the credit going to the seller? A. accrued interest on an assumed mortgage B. prepaid property taxes C. earnest money D. unearned rent collected in advance Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when A. it is in the best interest of the client. B. the licensee does not know any of the other title companies in the area. C. the client does not ask for other recommendations. D. the licensee discloses the interest in the company to the client. Submit Answer