Real Estate Paper 43

1

If a principal discharges a realtor, this is known as






2

An aging elevator would be considered in an appraisal as a/an






3

Littoral rights give property owners all of the following rights EXCEPT






4

A savings and loan gives the Fongs a 90% loan on the appraised value of $265,900. If the interest payment for the first month is $1,046.98, what is the interest rate on the loan?






5

Approval of a building permit requires a






6

Mortgage lenders must cancel PMI coverage on mortgages when the mortgagor has paid down the loan to






7

Anti-trust laws forbid which of the following actions?






8

Which of the following is a provision of RESPA?






9

Selma McMullen owns the vacant lot next door to her home. It is valued at $45,000, and her home is valued at $135,000. If both are assessed at 85% of value and are taxed at a rate of 6.3 per thousand for schools, 4.2 per thousand for the county, and 2.2 per thousand for the borough, what is her yearly tax bill?






10

What are the taxes due on a $120,000 property assessed at 55% of value that has a tax rate of $3.20 per $100 of valuation?






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