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Perry real estate module one exam questions
with correct answers
What |are |some |of |a |property |managers' |responsibilities.? |- |VERIFIED |ANSWER✔✔-Order |maintenance Protect |investment Collect |rents All |the |above Borrowers |can |deduct |all |of |the |following |expenses |except: |- |VERIFIED |ANSWER✔✔-Credit |card | interest (Mortgage |interest, |loan |origination |fee, |and |taxes) __________ |is |all |property |that |does |not |fit |the |definition |of |real |property |- |VERIFIED |ANSWER✔✔- Personal |property | (Fungible |property, |full |property, |encumbrance) True |or |false. |The |terms |land, |real |estate |and |real |property |are |synonymous? |- |VERIFIED | ANSWER✔✔-False Who |acts |as |the |primary |contact |between |a |principal |broker |and |buyers |or |sellers? |- |VERIFIED | ANSWER✔✔-Agents (Administrators, |lawyers, |bankers) This |is |any |right |or |privilege |associated |with |the |property |(parking, |water |rights, |etc.) |- |VERIFIED | ANSWER✔✔-Appurtenance | (Easement, |construction, |improvement) All |of |the |following |would |affect |demand |except |- |VERIFIED |ANSWER✔✔-fiscal |policy (Demographics, |population, |wage |levels)
If |Joe |receives |a |truckload |of |lumber |to |use |in |building |his |new |home, |the |lumber |is |considered: |- | VERIFIED |ANSWER✔✔-Chattel (Fixture, |Real |estate, |real |property) Generally, |personal |property |can |be |distinguished |from |real |property |by |its |- |VERIFIED |ANSWER✔✔- mobility. (Greater |variety, |multiplicity |of |use, |cost) Which |of |the |following |would |not |be |under |PITI? |- |VERIFIED |ANSWER✔✔-Income (Interest, |principal, |taxes) Theft, |smoke |damage, |and |damage |from |fire |are |covered |under |which |type |of |homeowners |insurance |policy? |- |VERIFIED |ANSWER✔✔-basic |form (Broad |form, |coinsurance, |national |flood |insurance |program |policies) Demographics |include |all |of |the |following |except: |- |VERIFIED |ANSWER✔✔-Jobs (Niche |marketing, |family |size, |lifestyles) A |planned |unit |development |(PUD) |has |common |areas, |such |as |parks, |that |are |overseen |by: |- | VERIFIED |ANSWER✔✔-The |community |association | (The |city |council, |the |mayor, |the |owners) A |community |that |merges |housing, |recreation, |and |commercial |units |in |one |self-contained | development |is |called |a |- |VERIFIED |ANSWER✔✔-PUD (MUD, |Condominium, |cooperative) Most |homeowner's |insurance |policies |contain |which |of |the |following |clauses? |- |VERIFIED | ANSWER✔✔-A |coinsurance |clause (A |property |improvement |clause, |A |co-ownership |clause, |A |property |improvement |clause)
__________ |is |the |right |to |determine |interest |of |property. |- |VERIFIED |ANSWER✔✔-Control (Enjoyment, |possession, |disposition) Manufactured |housing |includes |all |of |the |following |except: |- |VERIFIED |ANSWER✔✔-Houseboats (Modular |homes, |mobile |homes, |pre-fabricated |housing)
