Which of the following appears as a credit on seller closing statement?
Detailed Answer
C
2
The tax rate for intangible taxes on real estate financing is
Detailed Answer
B
3
Which of the following usually appear as a debit on the buyer closing
statement?
Detailed Answer
D
4
Which type of payment is paid in advance?
Detailed Answer
C
5
Which of the following is typically pro-rated at closing?
Detailed Answer
A
6
Goals of city planning include which of the following?
I. Preventing urban sprawl
II. Providing adequate services such as sewer, water, garbage collection
and transportation
III. Providing for road right-of-ways and adequate set back restrictions to
revent buildings from becoming too cramped
IV. To ensure against costly flooding and environmental problems by
providing adequate drainage facilities for the community
Detailed Answer
D
7
Which of the following best describes the Community Planning Act?
Detailed Answer
B
8
Which of the following statements apply to local planning commissions?
I. Planning commission members are elected.
II. Planning commission members typically have extensive professional training.
III. Planning commission members act in an advisory role.
IV. Planning commissions typically have responsibility in subdivision plat
approval, site plan approval, and sign control.
Detailed Answer
C
9
A person that has been using a property as a restaurant for over 40 years,
even though the zoning has been changed to residential, can continue this use
through:
Detailed Answer
A
10
Maria wants to build a house that will encroach upon the setback area of her
property. If Maria wants permission to build on the setback area, she should seek a
