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Episode 085 - Real Estate Exam Questions 39
Episode 085 - Real Estate Exam Questions 39
ratings:
Length:
42 minutes
Released:
Mar 23, 2023
Format:
Podcast episode
Description
Episode 085 - Real Estate Exam Questions 39 Going through state exam questions to help real estate students pass their state exam. 01:40 – The school you choose is likely the contributing factor to you not passing the exam. That is not on you. 04:45 – Join study group on the A-Ha! Facebook page. 05:55 – Watch for scammers on our pages. 07:30 – List of recent grads: Bill, Jolly, Mary, Lauren, Kelly, Julie, Courtney, John, Michelle, Suzy, Amber, Sandy, Tracey, Kristin, Emanuel, Carmen, Nate, Rebecca, Tricia, Amber, Nick, Ken, Kelsey, Amanda, Daniela, Crystal, Unisha, Cody, Melinda, Tanya, Ericka, David, and Lilly. 08:55 – Email from Taryn. 10:20 – How important are legal descriptions on the state exam? Metes and bounds, rectangular survey method, and lot and block. Don’t worry about them at all. 13:35 – Is a land contract a unilateral or bilateral contract? It is bilateral contract. 16:57 – An easy way to remember a dominant and servient tenement in an easement? Dominant dominates another owner’s property. Servient tenement serves the use of another owner. 19:13 – Difference of selling agent and listing agent? Listing agent represents a seller. Selling agent represents the buyer. 21:55 – Does a small house cost more, less, or the same as a large home on a cost per unit basis? Small house costs more to build on a cost per unit basis. 26:28 – What is title theory versus lien theory state? Title theory states the lender takes legal title to the property during the payment period. 28:15 – RESPA applies to residential property only. Not personal property or commercial property. 30:47 – When does the right of recission kick in with Truth in Lending? When the borrower signs the loan documents. 32:57 – How should a broker handle a seller that wants to discriminate based upon race? No exceptions for race per Civil Rights Act of 1866. 35:45 – How can a co-owner transfer property in will when they pass away? Become a tenant in common. 38:47 – What action returns a party to their original position as if the contract never happened? Rescission, not cancellation, substitution, or subordination. A-Ha LINKS Email info@ahareep.com Web www.ahareep.com Facebook https://www.facebook.com/AHA.REEP YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A
Released:
Mar 23, 2023
Format:
Podcast episode
Titles in the series (100)
Episode 035 - Terminating a Contract: You've heard this before, buyer wants out of the contract, how do they do that? by A-Ha! Real Estate Exam Prep Podcast