Principals II Review Questions

The hiring and supervising employees to maintenance is the responsibility of

An Auction is defined as sale of property by

A Tax Credit is treated for income tax purposes as a

In an estate situation what type of deed is given by the executor or administrator?

In an adjustable rate mortgage interest rates

The definition of a REIT is

Buyer must receive closing documents within how many business days prior to closing?

property manager creates a budget, must consider owner's long term plans and estimate of

Auctioneers are licensed by

What party in a deed of due to foreclosure, has the right to sell the property at auction.

Regulation Z requires interest rates used in advertising to be

Concerning a property managers collection policy it should?

A restrictive covenant in a deed establishes the right

What age must a person be to obtain a Reverse Mortgage?

What document sets the maximum loan amount of a VA Loan?

If a contractor needs to get permanent financing to repay construction loan, he would get a

What would require obtaining a conceptional use permit?

When a loan is amortized the interest is calculated on

Prior to foreclosure the buyer may obtain what type of redemtion

What is the primary specialty of Texas Realtors

Property deemed desirable for public convenience but only marginally acceptable can be granted

A residential rental locator is typically paid by

Extraterritorial Jurisdiction is within

Escrow officers are licensed by

8% of 2300 Equals

A brief history of all the documents affecting title is

If the sale does not close or if the seller cannot deliver clear title, the escrow agent

What specialty requires a license?

If you receive multiple offers, you do not have to have an auctioneer's license if the terms

The purpose of a CMA is

Home inspectors are licensed by

A bequest in a will is gift of

" To have and to hold" is what clause

In an actual eviction the landlord

Who files the deed with the county clerk?

Texas First Time Home Buyers Program provides interest rates that are

Which of the following are True?

Rumor that abandon home to be taken by city, an appraiser would value a property based on

When something is owed it is called

A definite period of time is

Latches means the loss of a right

A ground lease is usually

Property developers are licensed by

Which would not be considered public land use control

If a property is sold for $90,000 and the commission rate is 6%, how much is owed to broker

To establish evidence of ownership of a property, you can use

An appraisal may be best defined as

What purpose does a REIT use funds from investors?

Extending term of deed restrictions can be done with

REIT means

person takes adverse positions of property for 10 years, what is the maximum number of acres?

When utilities are installed and marketing has begun and sales have occurred this is called

Title insurance premium is paid

The Deed must be signed by whom?

Three discount points charged on loan of $100,000 equals

If there are no smoke alarms in a rental property the tenant may