Real Estate Salesperson California State Exam Questions and Answers Already Passed

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Real Estate Salesperson California State Exam Questions and Answers Already Passed Which of the following is most vital or important in planning a subdivision: ✔✔Market Analysis When rent is c... omputed on the gross sales of a business occupying real property, the lease is correctly termed: ✔✔Percentage Lease What is not an adequate method of transferring property? ✔✔Executive Sale What is considered personal property? ✔✔Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of the property if a 10% return is required: ✔✔$80,000 $100,000 Value of Property x 0.08 Capitalization Rate =$8,000 Net Income $8,000 Net Income ÷ 0.10 of Return =$80,000 Value of Property The value of the best property in the neighborhood will be adversely affected by the presence of comparatively substandard property is a statement relating to value and is know as the Principle of: ✔✔Regression Which of the following actions or events would result in the termination of a sales escrow: ✔✔Mutual consent of the parties The measure of goods and services produced by the nation during any one calendar year is the definition of which of the following: ✔✔Gross National Product An easement on real property can be terminated by: ✔✔A release signed by the holder of the dominant tenement An appraiser's narrative appraisal report of a single-family residence probably would contain no reference to: ✔✔The type of financing available When identical or highly similar properties are offered [Show More]

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