Podcast
Questions and Answers
What is the key requirement for homeowners to avoid paying capital gains when selling their property?
What is the key requirement for homeowners to avoid paying capital gains when selling their property?
- Living in the property for 2 of the last 5 years (correct)
- Living in the property for 5 years
- Living in the property for 7 years
- Living in the property for 7 of the last 10 years
In a partially rehabbed property where walls were demolished, what material's presence led the buyers to cancel their purchase?
In a partially rehabbed property where walls were demolished, what material's presence led the buyers to cancel their purchase?
- Area-foam
- Asbestos (correct)
- Perchlorate
- Polychlorinate
When appraising a town library to ensure the proper insurance policy is in place, what approach is the appraiser most likely to use?
When appraising a town library to ensure the proper insurance policy is in place, what approach is the appraiser most likely to use?
- Data Analysis
- Cost (correct)
- Sales Comparison
- Income
What type of interest do the property owner's children receive after the elderly relative's passing when a Life Estate is set up for the relative?
What type of interest do the property owner's children receive after the elderly relative's passing when a Life Estate is set up for the relative?
What is the most likely cause of unseen, indoor mold?
What is the most likely cause of unseen, indoor mold?
How can wetlands be best described?
How can wetlands be best described?
Which legal concept determines how the property of an owner who died intestate will be distributed?
Which legal concept determines how the property of an owner who died intestate will be distributed?
What is the primary purpose of an appraisal in real estate?
What is the primary purpose of an appraisal in real estate?
Which document can reveal a cloud on the title of a property?
Which document can reveal a cloud on the title of a property?
When a minor inherits a family estate and decides to sell it, what is the legal status of the purchase agreement once mutually accepted?
When a minor inherits a family estate and decides to sell it, what is the legal status of the purchase agreement once mutually accepted?
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