NEW QUESTION 60
Rosa is trying to get approved for a loan so she can purchase a new home. What type of value will the lender use to determine whether or not to approve Rosa’s loan?

NEW QUESTION 61
What does a lender use to discover all possible defendants in a foreclosure lawsuit?

NEW QUESTION 62
The EGI of a building is $300,000. The operating costs are $30,000.
What is the NOI of the building?

NEW QUESTION 63
The four phases of an environmental site assessment are, in order:

NEW QUESTION 64
Lola has an easement that allows her to cross her neighbor’s back lot to reach her home. It runs with the land. What kind of easement does Lola have?

NEW QUESTION 65
Which listing agreement allows multiple real estate brokers (and the owners themselves) the right to sell the property, with a commission being paid to whoever is the procuring cause of the sale?

NEW QUESTION 66
Which of these is a reason a borrower might be offered a subprime loan by a lender?

NEW QUESTION 67
The duty of obedience does not include requests or instructions that are:

NEW QUESTION 68
Which of these describes a leasehold estate?

NEW QUESTION 69
A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:

NEW QUESTION 70
The creation of express agency is best handled via a(n):

NEW QUESTION 71
Stigmatized properties are properties:

NEW QUESTION 72
Which of these ownership concepts gives each co-owner the right to possession of the whole property?

NEW QUESTION 73
A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

NEW QUESTION 74
Alexa and Harrison have gone over every term and condition in the contract they have drawn up for the sale of Alexa’s racehorse to Harrison. Neither party has any questions or desire to change anything about the agreement. Which essential element of a valid contract appears to have been realized?

NEW QUESTION 75
The purpose of discount points is:

NEW QUESTION 76
John is a landlord. He has an applicant for an apartment who uses a cane. John tells her that she should go to the complex across the street, as they have more first-floor units available, and he doesn’t want her to have to climb the stairs in his building. She thanks him for the tip. Evaluate.

NEW QUESTION 77
In Virginia, the grantor tax rate is currently $0.50 per $500 of the sales price. How much would the taxes be on a $756,000 home purchase?

NEW QUESTION 78
Marie agreed to a contract in which she can lease a house for a period of two years and then has the option to buy the home if she can secure financing. What type of contract is this?

NEW QUESTION 79
The government sends Ken a notice stating that his house and neighborhood will be demolished to build a much- needed water treatment plant. What is the government required to offer Ken in exchange for taking his property?

NEW QUESTION 80
Which of these is an example of a deed restriction?

NEW QUESTION 81
Which of the following can be described as a nonexclusive listing agreement that gives multiple brokers (and owners themselves) the right to sell property, and the individual who is considered to have procured the cause of the sale is the one who will receive the commission?