Real Estate Paper 95

1

A property manager’s compensation may be based on any of the following EXCEPT






2

Jerry Wright, the owner of a commercial building, estimates the depreciation of the physical plant at $15,000, the furniture and fixtures at $8,000, and the machinery at $7,500. If he is in the 40% bracket, his tax savings would be






3

When an appraiser deducts depreciation using the reproduction cost of a building, the depreciation represents






4

The Millers put their house on the market, the Blacks made a written purchase offer, and the Millers accepted the offer in writing. When is the contract valid?






5

John offers $100,000 for a home listed at $120,000. The seller counteroffers at $110,000. At this point






6

All are protected classes EXCEPT






7

What is the square footage of a room measuring 20 feet by 40 feet?






8

Michael Brown refuses to sell his farm to the state, which needs it to complete the route for a new highway. The state may go to court and ask that his farm be condemned, allowing the state to purchase the land using its right of






9

In constructing her financial report, Noel Carpenter estimates that her real estate holdings have appreciated by 18% since purchase. If the original value was $585,000, what would her balance sheet show now?






10

The type of deed that provides the least protection is






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