Real Estate CRAM

The type of agency agreement that exists between a PM & the owner of the property would best be classified as

All of the following would be an encumbrance on a parcel of real estate EXCEPT

NC Landlord Tenant Act & Property Management, maximum security deposits:

A bargain and sale deed would contain which of the following covenants

All of the following are required by the Real Estate Settlement & Procedures Act, EXCEPT:

Provisions that call for the release of certain parcels when a specified amt of money is pd would be in which loan

Will you PASS the class exam?

All of the follwoing would create an agency relationship, EXCEPT

Land

Which of the following real property use categories would include shopping centers?

The ad valorem tax rate may adjust:

When the supply of a commodity decreases

What is the typical type of agency between a seller and a real estate firm

How many acreas are there in the following legal description: N 1/2 of the SE 1/4 and SE 1/4 of the NE 1/4

Improvements on the land would refer to all of the following EXCEPT

All of the following are subject to the NC Vacation Rental Act, EXCEPT

The point at which supply and demand are balanced is known as

Loan to value ratio calculation measures:

The Federal Reserve sets or regulates all of the following EXCEPT

The Goods Funds Act says that all monies in excess of $_______ must be verified:

The clause that defeats the lender's collateral agreement or securitizing instrumnt once the promissory note has been pd

Prevention of the grantor and grantee from selling a property without paying off an existing mortgage would be

A substitution of an existing contract for another contract is a concept known as

When someone dies testate, the people who inherit the decendents real property from an executor would be receiving:

All of the following factors would affect supply EXCEPT

A valid and enforceable contract must have all of the following elements EXCEPT

The geographic location of any parcel of land can

The encumbrance that takes priority over all other liens on a property is

Which of the following is correct regarding an option to purchase?

2 parties have entered into a demise agreement. Which would terminate the demise w/o further liability to the parties?

The final action taken by an appraiser in determining the value of property is called:

Licensed property managers are engaged in all of the following EXCEPT

The funds for FHA and VA are provided by:

The process by which the govt takes title to private land for the public use and pays the owner just compensation is

All of the following would be protested under the Equal Credit Opportunity Act, EXCEPT

the following would be ways in which an agency relationship can be terminated w/o the parties incurring liability EXCEPT

A purchase contract in which one of the parties has made a substantial misrepresentation or omission is:

A deed that only warrants claims and encumbrances against the property during the term of the grantors ownership is a

Enforcement of RESPA and Regulation Z occurs by

In a sloped ceiling rooms, start counting at the _____ height:

All of the following entities operate in the primary mortgage market EXCEPT

When the lanlord breaches a lease, the tenant is entitled to

The word improvement refers to all of the following EXCEPT

When a trust deed is paid of in full, the borrower will receive a deed of reconveyance from which party?

All of the following would be considered involuntary alienation of real estate EXCEPT

The document that is required for a VA loan from the Veterens Administration

The Statue of Frauds requires that

A loan in which the lender makes regular periodic payments to the borrower is best referred to as a

A loan where the term of the loan is shorter than the amortized period would result in:

Which type of property ownership blends ownership of a unit with tenancy in common?

In a contract for deed, the legal title to the property is retained by

Which of the following would be an example of economic obsolescence?

All of the following are economic characteristics of land EXCEPT

On a regular basis, a PM has a home serviced to change the filters & to check the operation of HVAC system. This called

All of the following would affect demand EXCEPT

Which of the following would be considered securitizing documents or collateral agreements?

All of the following are physical characteristics of land EXCEPT

Which of the following provides that the consumer can see a copy of their credit report once a year?

A borrower obtaining a construction loan would most likely be obtaining what type of loan?

All of the following would result in termination of an easement EXCEPT