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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024
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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024
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CE Shop Final Exam 2023 Correct 100%
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The components that make up a borrower's mortgage payment can best be remembered using which acronym? - ANSWER PITI (principal, interest, taxes, and insurance) 
 
From a real estate professional's point of view, what's the purpose of qualifying buyers? - ANSWER To determine the buyer's readiness to buy 
 
Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations? - ANSWER Antitrust 
 
Which of the following best describes market ...
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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024
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CE Final Exam RE, The CE Shop Test, Real Estate Final Exam | 340 Questions and Answers 100% Correct | 2024 
 
 
 
 
 
______ 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. 
 
Bracketing 
Bridging 
Substituting 
Surrounding - ANSWER - Bracketing 
 
The number of properties availab...
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Ce shop Final Exam Questions and Answers 100% Correct 2024.
- Exam (elaborations) • 17 pages • 2024
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Ce shop Final Exam Questions and Answers 100% Correct 2024.
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Exam CE Shop || All Correct.
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In Maryland, you could be fined up to $1,000 per solicitation if you use this method to advertise and a prior business relationship does not exist.Fax machineFlyersFor Sale signsTelephone correct answers Fax Machine 
 
Roth IRA and First Time Home Buyers correct answers REMEMBER THIS: 
First-time home buyers can access up to $10,000 of their Roth IRA accounts, penalty-free, under certain conditions, which includes the requirement that the account has been open for at least five years. 
 
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CE Shop || with Accurate Answers 100%.
- Exam (elaborations) • 60 pages • 2024
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Lenders will require which type of fund for taxes and insurance? 
 
Balloon fund 
Emergency fund 
Mortgage fund 
Reserve fund correct answers Reserve fund 
 
Mark works at Farm and Country Bank, and has arranged an agricultural loan for Josh, a local organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the loan because he was able to arrange for a guarantee from ______. 
 
Farmer Mac 
The Farm Credit System 
The Farm Service Agency 
The Federal Agricultural...
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CE Shop Questions || with 100% Errorless Solutions.
- Exam (elaborations) • 42 pages • 2024
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What's a typical prepaid item that goes into a seller's credit column and a buyer's debit column on a closing statement? 
Broker fees 
Loan fees 
Property taxes 
Recording fees correct answers Property Taxes 
 
If a landlord wants to notify a tenant that the leased property is subject to a mortgage, what clause would be included in the lease? 
Mortgage clause 
Subjective clause 
Subordination clause 
Use clause correct answers Subordination clause 
 
Who of the following may customize standar...
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CE SHOP final || A+ Verified Solutions.
- Exam (elaborations) • 18 pages • 2024
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Land, plus all things permanently attached to it naturally or artificially is correct answers Real estate 
 
The buildings associated with this type of real estate property are outfitted much differently than other types of office buildings because of their unique use. For example, plumbing and electrical are often much more substantial, and there is usually a need for reception and examination rooms correct answers Health care 
 
Which of the following is a residential dwelling and with shared ...
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CE Shop Final Exam Study || with 100% Error-free Answers.
- Exam (elaborations) • 14 pages • 2024
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The Housing and Community Development Act of 1974 added which protected class to federal fair housing law? correct answers Sex 
 
When is a cease and desist order effective? correct answers Immediately upon issuance 
 
What's another name for an escrow account? correct answers trust account 
 
Which act was the first to prohibit any exceptions for discrimination based on race or color? correct answers Civil Rights Act of 1866 
 
What's the best definition of real property? correct answers Real...
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CE Shop Final Exam Course 2 || with 100% Errorless Answers.
- Exam (elaborations) • 13 pages • 2024
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What is the maximum amount of time a protection or override clause can be in effect? correct answers Six Months 
 
Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? correct answers Highest and Best Use 
 
Which of the following statements is true about the listing presentation? 
It's best to leave out financial data (such as a CMA or comparable property information) and listing agreements, so the seller doesn't think you'r...
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CE Shop Final Exam || with 100% Correct Answers.
- Exam (elaborations) • 15 pages • 2024
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Jasmine has signed a lease that details what she can and can't do on the property. If she wants to refer back to her lease, where would she look for this information? correct answers The rules and regulations 
 
Which of the following statements about the secondary mortgage market is true? correct answers It makes loaning in the primary market possible by giving primary lenders a place to sell their loans. 
 
Which of the following can reimburse the buyer after the sale if a title issue arises?...
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CE Shop Final Exam || with 100% Verified Solutions.
- Exam (elaborations) • 8 pages • 2024
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Which of the following statements about sub-agency in Maryland is true? correct answers It is legal in Maryland 
 
Jerome, a real estate licensee, works independently instead of under a sponsoring broker. This means that he is licensed as ________. correct answers broker 
 
In order to be enforceable, what does the Statute of Frauds require a real estate contract to be? correct answers in writing 
 
What agency enforces fair housing laws in Maryland? correct answers The Commission on Civil Right...
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