Tip: Click the ("plain-text" link in this section to view all text in this description) ---- The potential for health hazards related to ______ must be disclosed when selling or renting homes built before 1978. Assets such as intellectual property, brand recognition, and reputation are known as what? Charity is living her dream. She recently purchased a nursery and greenhouse. She can’t wait to re-open in the spring. The business’s net worth was $200,000, but as a thriving business with a great reputation and loyal customers, it was actually valued at $275,000, which was the price Charity paid for it. As the buyer, Charity will carry the difference of $75,000 on her books as an intangible asset. What is this intangible asset called? What's the name of the required clause in a deed that “grants” or “conveys”? The formula for net to seller is sales price x (100% – _______). Which of the following types of loans is considered a form of seller financing? Which one of the following best describes the fiduciary duty of confidentiality? What's an appraisal? Your client, Bruno, is an investor. He is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. What should you tell him? Which buyer negotiation strategy is unlikely to work in a hot market? The sale of a business generally consists of a series of ____________steps. The Florida Real Estate Commission administers and enforces the real estate licensing laws of the state. Does the commission concern itself with the real estate activities of individuals who do not have a real estate license? Investor Holly is taking advantage of the 1031 tax-deferred exchange. Which of the following describes a benefit Holly will realize through the exchange? A limited liability company combines some advantages of which two types of structures? How can an investor roll over any gain realized in an investment property into another property and defer paying capital gains taxes? What type of penalty would be assessed for a serious violation? For an antitrust violation to occur, which element must be present? Which type of lien attaches to all real property owned by someone? Manny has a client who wants to purchase a commercial building. Manny doesn't have any experience negotiating commercial purchases. Which action should Manny take to demonstrate his good faith and most ethical behavior toward his client? What are emblements considered to be? Which of the following closing activities occurs on the day of closing? Which option is defined as the type of hearing that is held in front of an administrative law judge to oversee a disputed complaint? What else may the DBPR do as a part of its investigative process? A borrower makes the same monthly mortgage payment for the entire term of the loan. At the end of the loan period, all of the interest and principal is paid off. What type of loan is this? When assigning a contract, what should the assignor ensure is permitted in the purchase contract? Property ownership for an indeterminable length of time is an example of what form of estate? What is eminent domain? A radon problem has been discovered in one of your listings. Radon is ______. A buyer purchased the right to use a resort unit for two weeks every year, although he doesn’t own the property itself. What kind of timeshare is this? What's a brownfield? Which of these is a colorless, odorless, radioactive gas that is released when uranium decays? A negotiable instrument must contain an order to pay or a ________. Unlike a condominium, what type of property is a cooperative considered to be? From whom or what entity do licensees receive compensation for brokerage services once a transaction is closed? Which of the following is a true statement about options and option fees? ______ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age, transaction price, etc. What type of real estate market occurs when supply is high and demand is low? Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule? Which entity ensures that contractors perform their work according to code by inspecting their job sites? When a buyer and a seller agree upon a price, what have they determined? Chance and Lucky have an option agreement between them in which no consideration is provided. Is this enforceable? The ease with which the property can be conveyed to another describes which factor that influences value? Who generally writes a broker's price opinion? Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing? As demand increases, what happens to price? Carl is interested in purchasing a lot that is 200 feet wide by 600 feet long. The seller has it priced at $800 per acre. How much would this lot cost? Which of the following describes the appropriate capital gains exclusion for a taxpayer's primary residence? What is a real estate investment trust (REIT)? Which position of ownership can Aaron, a sales associate, hold in the brokerage partnership with Frank and Jose? What type of real estate market occurs when supply is low and demand is high? Tip: Click the ("plain-text" link in this section to view all text in this description) ---- CHECK OUT www.PassRealtyU.com for better prices. After payment , YOU MUST EMAIL US AT PassrealtyU@yahoo.com TO GAIN ACCESS TO www.PassRealtyU.com CONTENT OF YOUR SUBSCRIPTION. so we can make an account for you on our website.. 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