Podcast
Questions and Answers
How much of the $950,000 selling price will the married couple be required to pay capital gains tax on?
How much of the $950,000 selling price will the married couple be required to pay capital gains tax on?
- $50,000 (correct)
- $950,000
- $550,000
- $300,000
What type of listing provides a commission to the broker only if their activities lead to a sale?
What type of listing provides a commission to the broker only if their activities lead to a sale?
- Open (correct)
- Net
- Exclusive agency
- Exclusive right-to-sell
Who provides flood insurance to homeowners?
Who provides flood insurance to homeowners?
- The Federal Emergency Management Agency (FEMA)
- Various privately owned insurance companies
- The National Flood Insurance Program (NFIP) (correct)
- State-owned flood insurance companies
What is novation in real estate?
What is novation in real estate?
In mortgages, what is another term for an origination fee?
In mortgages, what is another term for an origination fee?
How much was the gain for the married couple who sold their home for $950,000 after buying it for $400,000?
How much was the gain for the married couple who sold their home for $950,000 after buying it for $400,000?
What federal law amended the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)?
What federal law amended the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)?
In a real estate transaction, who is responsible for paying the origination fee?
In a real estate transaction, who is responsible for paying the origination fee?
What economic characteristic makes land a distinctive commodity?
What economic characteristic makes land a distinctive commodity?
What percentage of the sale price did Tareq receive when selling a house for $427,000 with a 7% commission split with the buyer's representative?
What percentage of the sale price did Tareq receive when selling a house for $427,000 with a 7% commission split with the buyer's representative?
Jordan took out a loan of $265,000 with an annual interest rate of 4%. What will she pay monthly in interest?
Jordan took out a loan of $265,000 with an annual interest rate of 4%. What will she pay monthly in interest?
What did the Superfund Amendments and Reauthorization Act (SARA) designate more money to?
What did the Superfund Amendments and Reauthorization Act (SARA) designate more money to?
What is the term for a property whose value may be reduced due to events like death, crime, or paranormal activity?
What is the term for a property whose value may be reduced due to events like death, crime, or paranormal activity?
Which federal law amends CERCLA, designates more money to the Superfund trust, and establishes new environmental laws and regulations?
Which federal law amends CERCLA, designates more money to the Superfund trust, and establishes new environmental laws and regulations?
What is a life estate?
What is a life estate?
Which economic principle states that the value of a property is only what a consumer would pay to acquire a comparable property?
Which economic principle states that the value of a property is only what a consumer would pay to acquire a comparable property?
In real estate, what does the term 'stigmatized property' refer to?
In real estate, what does the term 'stigmatized property' refer to?
Which law designates more money to the Superfund trust, amending CERCLA and setting new environmental regulations?
Which law designates more money to the Superfund trust, amending CERCLA and setting new environmental regulations?
What is market price?
What is market price?
What principle states that a property's present value is influenced by the expected income or utility it will provide?
What principle states that a property's present value is influenced by the expected income or utility it will provide?
What can a broker do that a salesperson or associate broker cannot?
What can a broker do that a salesperson or associate broker cannot?
Which lease type is typically used for retail properties?
Which lease type is typically used for retail properties?
In Texas, what protection is offered by state constitutional homestead rights?
In Texas, what protection is offered by state constitutional homestead rights?
What can brokers authorize salespersons or associate brokers to do regarding trust accounts?
What can brokers authorize salespersons or associate brokers to do regarding trust accounts?
Which principle states that the value of a property is only what a consumer would pay to acquire a comparable property?
Which principle states that the value of a property is only what a consumer would pay to acquire a comparable property?
What is vicarious liability?
What is vicarious liability?
What type of right is a license in real estate?
What type of right is a license in real estate?
If a landowner sells the property, what happens to a license granted to someone else?
If a landowner sells the property, what happens to a license granted to someone else?
What kind of liability is it when someone is held accountable for the actions of another based on a legal mandate or agreement?
What kind of liability is it when someone is held accountable for the actions of another based on a legal mandate or agreement?
Which principle in real estate valuation suggests that the value is determined by what a consumer would pay for a similar property?
Which principle in real estate valuation suggests that the value is determined by what a consumer would pay for a similar property?
Flashcards are hidden until you start studying
