Real Estate Paper 108

1

If real estate property taxes are paid in arrears, what would the seller be debited on a September 14 closing with annual taxes of $2,700.00? (Use statutory method, taxes accrue from January 1 through closing date, seller responsible for day of closing.)






2

John Fitzpatrick holds $800 in security deposits from the six tenants in his apartment building when he sells the building to Helen Baker. The tenants can expect a return of their security deposits from






3

An income approach appraisal would include which of the following information?






4

Which method of foreclosure is used in a deed of trust mortgage lien?






5

The entity that loses ownership through a deed of trust mortgage foreclosure is the






6

The four unities required for the creation of a joint tenancy are






7

After a purchase contract is accepted, the parties may later make additional agreements without changing the original document by use of






8

A property manager should do all of the following EXCEPT






9

When a property owner leases his property, at the end of the lease he has






10

Office space rents for $700 per month. The tenant has a three-year lease. Your commission is 7% of the gross lease, what is your fee?






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