Real Estate Paper 13

1

A real estate broker has earned his or her commission






2

What is the amount of interest paid per year on a loan of $34,050 at an interest rate of 4.38%?






3

Which of the following is considered a fixture?






4

The Habibs are taking over the mortgages on a condo that they are buying from the Hudsons because the mortgage rate is lower than they could otherwise get. What the Hudsons are doing is






5

The purchase price is which component of a real estate sales contract?






6

What is the rate of appreciation on Jim Christopher’s house, if he bought it 12 years ago for $573,247, and sold it for $849,001?






7

A townhome owner who owns her property in fee simple






8

The Byrons have signed an exclusive agency buyer agency agreement with Joellen Scarpa. However, the Byrons find a home to buy on their own, so






9

Which of the following clauses may NOT be allowable according to local or state laws?






10

An unfixed leak in the bathroom ceiling has finally caused the ceiling to collapse, making it impossible to use the bathroom in the one-bathroom apartment. The tenants have moved out. They consider that theirs is a/an






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