Episode 077 - Real Estate Exam Questions 31
Going through state exam questions to help real estate students pass their state exam.
03:35 – Be care of scammers on our FaceBook page.
06:12 – Prorations: 360 day year; bankers year. Check our class videos on our YouTube channel.
13:20 – What can and cannot terminate an offer to purchase real estate?
18:17 – What type of lease includes a fixed or base rent and a percentage of the cost to maintain the building? Answer: Net lease.
22:47 – How should a buyer take ownership if they want to ensure their spouse receives the property upon the first party's death? What should the broker suggest?
26:15 – A contract is terminated if what happens? Answer: impossible to perform.
29:15 – What are private land use controls? Answer: deed restrictions.
31:33 – What is required when an owner lists their property for sale "as is"? Answer: seller must disclose defects.
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