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CFD Service. Open Free Demo account and Start Trading. % of retail lose money. Bei ausgewählten Banken ist das ohne Weiteres möglich. Unser Broker-Test deckt erhebliche Unterschiede bei den Orderkosten auf. In den günstigsten Depots. Broker Test bietet Broker Vergleiche passend zu Ihrem Trading Stil. Vergleichen Sie Angebot (Aktien, ETFs, Sparpläne, Fonds etc.), Ordergebühren und. Unser Vergleich von Wertpapierdepots zeigt: Die günstigsten & besten Aktiendepots gibt es bei diesen Online-Brokern und Direktbanken: Smartbroker, Onvista. ob sich die Stiftung Warentest und Öko Test bereits mit dem Thema „Online-​Broker“ in einem Test beschäftigt haben. Los geht es mit einem Überblick darüber.

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Online Broker Vergleich für Österreich auf silogroep.nl: ✓ 30+ Online Broker im Vergleich ✓ ab 0 € Depotgebühr ✓ab 0 € Ordergebühr ➽ aktuell August. Bester ETF-Broker: Vergleich und Test. Wir haben die Angebote der Banken in unserem ETF Broker Vergleich getestet und bewertet. Weitere Tests: Gratisbroker, Justtrade und Trade Republic: Drei Smartphone-Broker im Test; Anders bei Brokern, die eine feste Gebühr berechnen. Bei diesen Banken kostet die Euro Order genauso viel wie ein Trade über Euro. Im Broker-Test. Depot-Vergleich: ✓ Kostenlose Aktiendepots ✓ Online-Broker mit Bonus Schritt 1: Im Schnell-Check geben Sie nur das durchschnittliche. Weitere Tests: Gratisbroker, Justtrade und Trade Republic: Drei Smartphone-Broker im Test; Außerdem verraten wir Ihnen, ob die Stiftung Warentest oder Öko Test einen Online-Broker-Test durchgeführt haben. Wie nutze ich den Online-Broker-​Vergleich. Online Broker Vergleich für Österreich auf silogroep.nl: ✓ 30+ Online Broker im Vergleich ✓ ab 0 € Depotgebühr ✓ab 0 € Ordergebühr ➽ aktuell August.

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Voll konfigurierbares Musterdepot. Seriöse Depotbanken haben eine transparente Kostenaufstellung. Weitere Informationen finden Sie hier. Das ist wichtig, weil Sie als Anleger jeden zusätzlichen Prozentpunkt Gebühren erst wieder mühsam mit der Wertpapieranlage verdienen müssen. Als Neukunde kommen Sie allerdings um ein paar Angaben nicht herum.

A nonfreehold or leasehold estate has a determinable end. An estate is simply an interest in property that provides the right to possess the land.

The property receiving the benefit of the easement is the dominant estate, while the property that is providing the benefit or suffering is the servient estate.

No easement provides an ownership or possessory interest in the property. It is just a right to use or to restrict use.

Lanie owns a home in the mountains. To compute the loan to value ratio, which is the ratio of the loan balance to the property value, you divide the loan balance by the market value.

In order to purchase a home, Darla needs to take out a mortgage. A mortgage is an example of a n :. An executory contract is a contract that has terms to be completed at a later date.

It is not fully performed until all acts required are completed, such as a mortgage. An executed contract is a fully performed contract.

A unilateral contract involves a promise to induce the other party to do some act, such as an open listing contract, where the property owner can cancel the listing at any time prior to an agreed upon deal.

An implied contract is formed based upon the actions of the parties that evidence an intent to enter into a contract, such as where a seller permits a broker to show a property before any formal agreement is entered into.

Halley owns 25 acres of land in a residential area and wants to develop a real estate complex containing 50 single family homes.

What type of mortgage can she obtain that will permit her to pay it off as she sells each home? A blanket mortgage is a commercial mortgage often used by real estate developers to finance a project.

At least two parcels of property are pledged as collateral. The release clause allows the lien to be lifted on particular parcels when a certain amount of the loan balance is paid, such as when a new home is sold and the developer uses the proceeds from the sale to pay off a portion of the Blanket mortgage.

PMI is private mortgage insurance, which is not a type of mortgage. An insurance premium is typically added to the monthly mortgage payment. A Pledged Account involves the purchaser placing money in a savings account and using the earned interest to supplement the mortgage payment.

The City of Glass wants to expand a public park. It needs to obtain the necessary land from private landowners. What government power can be used to obtain the land needed to expand the park?

Eminent domain is the government power permitting it to obtain private property for public use. Condemnation is the actual taking of the property pursuant to the eminent domain power.

Municipal forfeiture and public seizure are not formal terms. After-tax cash flow is calculated by adding back the tax loss to the income and then multiplying by the tax rate.

A tax savings is possible when a tax loss can reduce the taxable income of a separate investment. Wetlands are protected areas that include swamps, marshes, wet meadows and bogs.

They may serve as protection for storm and flood water and help control erosion and pollution. They also serve as sanctuaries for wildlife and the natural landscape.

Julie is looking to buy her first home. She locates one and her offer is accepted. Julie applies for a mortgage. Barbali manages a commercial office building.

One of the tenants contacts her to complain about a broken door lock. What type of maintenance is necessary to repair the lock?

Corrective maintenance is repairing something that is already malfunctioning e. Preventative maintenance refers to inspecting equipment pursuant to a schedule and making repairs when necessary.

Property maintenance refers to the overall maintenance of a property. Capital gains represent the profits on a capital investment, such as real estate.

The profit realized from the sale of real estate held for 3 years is long term capital gains. Long term capital gains are profits on assets that are owned for more than 12 months.

It divides the survey area into the north half and the south half. The baseline is perpendicular to a principal meridian; and the point at which the two lines intersect is called the initial point.

Many communities in the United States have roads that run along survey baselines; these roads not coincidentally are named "Baseline Road".

The concentric ring model basically consists of zoning classifications in circles, with the central business district in the center. The next circle is the transition zone of mixed residential and commercial uses.

Next is the inner city zone or inner suburbs. The better quality middle class homes surround the inner city; and the outermost circle is called the commuter zone.

The multiple nuclei model of land development creates other nodes or nuclei in the city in addition to the CBD; thus the name multiple nuclei model.

The model originated from the idea that people have greater movement due to increased car ownership. This increase of movement allows for the specialization of regional centers or zoning classifications.

The work of Housing Plus, Inc. Infill typically refers to improvements built on underdeveloped land or in between existing improvements.

Infill development, as it pertains to residential properties, is frequently referred to as either housing infill e. Test-Taking Tip: Urban infill development aka "land recycling" is a term used to describe redevelopment of blighted city areas through either construction on vacant land or reconstruction of obsolete improvements.

Greenfield development is growth on the periphery of an established subdivision that develops land previously dedicated to open space or agriculture.

C is incorrect. Brownfield development is redevelopment on a site previously polluted by a prior, usually industrial, use.

Commercial development typically refers to real estate developed specifically to produce income e. The exemption requires that the property must be the seller's primary residence for two of the last five years.

Depreciation cannot be taken on a personal residence. It can be taken only for investment property. The adjusted basis would be cost plus capital improvements.

However, for investment property, the adjusted basis would be cost plus improvements minus depreciation. Section of the United States Internal Revenue Code states that realized gain from real estate will not be recognized at the time of the exchange.

The exchange aka " like-kind exchange" allows owners of business or investment real property to defer capital gains taxes on the properties being exchanged.

This is a tax deferral, not a tax foregiveness: The capital gains taxes owed will typically be due when the new property is sold. A like-kind exchange is real property used for business, trade, or investment purposes.

The exchange of an office building for an apartment building falls within this category. B is incorrect for two reasons.

First, both properties are the same size i. Secondly, boot is owed, not if one property is smaller than the other, but if one property is less valuable than the other.

The test question stated that both properties have the same value and are not encumbered. Therefore, no boot will be owed.

Test-Taking Tip: "Boot" is what the owner of the less valuable property pays the owner of the more valuable property in order to make the exchange even.

Boot is taxable to the person receiving it, and in the year received. A personal residence cannot be used in a tax-deferred exchange, no matter how high its market value.

The Sherman Anti-Trust Act prohibits price fixing. Therefore, a state real estate law that sets the maximum commission that a broker may charge for the sale of residential property would be against public policy.

All real estate listing commissions must be negotiable between seller and the listing broker, so the commission rate is determined by the broker's contract with his principal.

The essence of the anti-trust laws is that businesses cannot agree to restrain trade. Any statement or agreement that limits consumer choice could be construed as an anti-trust violation.

If two separate brokerages agree to divide a market along geographic lines, this is a violation. However, within a brokerage, it is acceptable for a brokerage to assign specific agents to certain geographic areas.

This is legal, because the agents within a brokerage are not competitors. They are working on behalf of the brokerage.

An estate for years is an estate with a definite commencement date and a definite termination date. An estate for years does not have to be literally for years; it can be of a duration that is less than one year, such as a six-month lease.

Estates for years with a duration of one year or more must be in writing to be enforceable; but estates for years with a duration of less than one year do not need to be in writing to be enforceable.

A periodic tenancy has no definite termination date. It continues from period to period until one of the parties gives notice of termination; and automatically renews at the end of the lease term for the same lease term.

For instance, a month-to-month lease automatically renews at the end of the month; and the renewed lease term is one month. Most states provide that the party giving notice must do so no less than a certain amount of days before the end of the lease term to prevent auto-renewal.

A statement of purpose in any form or research documentation simply states the reasons for the research; and the type of research conducted.

It tells the lender what type of property is being appraised, as well as provides insight as to the purpose of the borrower.

For instance, if a single family residence is being sold to a borrower who will use the property for investment purposes, the appraiser will likely use the income approach to value, and the structure of the loan package is based partly on the borrower's purpose.

On the other hand, if the same single family residence is being purchased by a borrower who plans to use the home for a primary residence, the appraiser will likely use the sales comparison approach, and the loan package is customized to that borrower's purpose.

The listing price set by the owner usually sets the upper limit of market value under normal market conditions. A prospective buyer's first offer usually sets the lower limit.

In some cases, sellers have overinflated expectations about the market value of their home, and want a list price that is way above market value.

There are brokers who will sign such an over-priced listing, but such an act is not generally in the broker's best interest because the property is not likely to sell; and a listing is a liability for the broker until it sells.

Statement 1 describes the arrangement for title theory states. Statement 2 describes the arrangement for lien theory states.

In lien theory states, the buyer owns the property and has all real property rights therein; and the lender has a lien. In title theory states, the borrower hypothecates to the lender.

It is the lender that holds actual title during the term of the loan. Loan interest is part of the loan payment. The others types of payments are held by the lender in a reserve account called impounds.

The lender pays these bills to the various providers as they become due. Per federal law, a reverse mortgage is only available to home owners who are years-old or older, and who have substantial equity in their homes.

Specific events include, for example, the death of the borrower, the borrower going to live in an assisted living facility, or the property being sold.

Because there is no repayment until one of these events occur, unpaid interest is added to the principal and the loan debt grows i. Here, because Catherine Abioye is only years-old, she is too young for a reverse mortgage.

Provided she qualifies in other ways, however, she will be considered a non-borrowing spouse and the reverse mortgage loan amount available to the Abiuoyes will be based upon her age.

Senior housing is unrelated to reverse mortgage, age-related loan limits. Note: There are two types of senior housing recognized under federal law.

Certain caregivers and maintenance staff are excepted from this rule. Under the federal Equal Credit Opportunity Act, it is unlawful to discriminate against a legally and mentally competent credit applicant on the basis of age.

Here, however Catherine Abioye is not a credit applicant because she is too young, per federal rules, to apply for a reverse mortgage. Per federal law, reverse mortgage borrowers must be years-old or older.

A younger, non-borrowing spouse will lower the loan maximum available to borrow. A borrower refinancing a mortgage with a different lender has a 3-day right of rescission under TILA.

Other loans where the borrower typically has a right of rescission include home equity loans and home equity lines of credit. A, B, and C are incorrect.

None of these borrowers would have a 3-day right of rescission under TILA. Because the seller is now a junior lender on the property, and the primary loan is being refinanced, the seller's signature will be required on the Subordination Agreement.

A Subordination Agreement is a document in which an existing lender agrees to subordinate i. Lien priority is critical to lenders because, in the event of some type of borrower default like foreclosure, senior liens are paid from sale proceeds before junior liens.

Typically, lien priority is determined by the chronological date and time of recording. What a Subordination Agreement does is to adjust lien priority artificially, making a new loan senior to an older loan.

Note: A Subordination Agreement a separate document or a Subordination Clause a clause in the boilerplate language of a mortgage ultimately benefits borrowers, allowing them to refinance senior loans without having to pay off junior loans.

A is incorrect for two reasons. Buyers or borrowers do not sign Subordination Agreements. A Subordination Agreement is signed by a senior lienholder, willing to subordinate lien priority to a new lender.

The refinance lender would not normally be concerned with losing lien priority to this lender. Per the test question, there is already language in the recorded HELOC mortgage stating that the lender consents to remaining in junior position if the senior mortgage were ever refinanced.

There is no "Seniority Preservation Agreement. It will help you identify those instances where the examiners are trying to trick you with made-up terms and expressions.

Multiply the investment , by. Lenders usually require borrowers to pay the interest that accrues from the date of settlement to the end of the month.

In the majority of loan agreements, the first monthly payment is due on the first day of the second month after the close of escrow.

For instance, if close of escrow takes place on June 10, it is likely that the first loan payment will be due on August 1.

This means that the borrower's closing costs will include interest on the loan from June 10 through June Since interest is paid monthly and in arrears, the interest for July 1 through July 31 is paid with the August 1 payment.

The buyer usually pays the fees for recordation of the note and deed of trust or mortgage, although this is a negotiation point of the transaction.

In a strong buyer's market, sellers might be willing to pay this fee. However, in the absence of an agreement otherwise, the buyer is required to pay this fee as a condition of the loan.

Prev Next Finish. Quality starts with Our practice exam writers:. Written by: Karen Bohler Real Estate Broker and Instructor Karen is a licensed real estate broker and certified real estate instructor.

She has worked in real estate sales for over 20 years. She teaches real estate sales and contract law for a real estate sales education company that specializes in the licensing of real estate sales agents and brokers across the country.

Karen designs curriculum and other educational materials for real estate sales training courses, licensing exam preparation and continuing education providers.

She earned her juris doctorate degree from Taft Law School. Bookmark Page. General Operation of a Real Estate Brokerage. With regard to the general operation of a real estate brokerage, which of the following activities of ABC Brokerage, Inc.

Statement 1. Statement 2. Statement 3. Statements 1 and 2. A real estate broker should educate clients to protect the client's best interests and ensure a knowledgeable negotiating position.

Answered 0 of 15 questions. Start Free Practice Test. Are you sure you want to restart your practice test?

You will lose all saved answers. Cancel Restart Exam. Question 1 1. What's another name for a nonfreehold estate?

Question 2 2. What can the owner of both the surface and mineral rights of a property do with them? Question 3 3.

Question 4 4. Who investigates the title to a parcel of property seeking to be registered in a state that uses the Torrens Title System? Question 5 5.

Jim goes into business by himself after receiving his real estate sales agent license. What type of business structure does he have by default? Question 6 6.

What disclosure is required that may affect a buyer's decision to purchase stigmatized property or how much to pay for it?

Question 7 7. Question 8 8. Calvin and Carrie execute a contract for the sale of nine bushels of oranges. Their written contract states that any claim for breach of contract must be brought within four years.

No easement provides an ownership or possessory interest in the property. State-specific guides for even more states can be found using our list of real estate courses. Water Law. It needs to obtain the necessary land from private landowners. Real Property Characteristics. However, senior citizen housing is exempt from the Fair Housing Act if it complies with the exemption requirements. Individuals who have completed a pre-licensing course and other requirements, Beste Spielothek in Smitershagen finden passing their real estate exam, are ready to apply for their real estate license. Work with a partner to study, discuss key topics, and share insight into test Beste Spielothek in Buchboden finden. Test Broker each question carefully, underlining key words. Zur Durchführung der Orders und Gutschrift von Erlösen, die beim Verkauf eines Wertpapiers erzielt werden, benötigen Anleger zusätzlich ein Verrechnungskonto — meist ein Girokonto. Fremdspesen unabhängig des Ordervolumens. Von einem Sparbeitrag von Euro sollten regulär nicht mehr als 1,5 Prozent an Kosten abgehen. Leverage bis zu für Retail-Kunden Leverage bis zu für professionelle Kunden. Es Beste Spielothek in Goddin finden ein Demokonto eingerichtet werden, nachdem ein kapitalisiertes Konto eröffnet wurde.

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Gerade ältere Anleger greifen bei der Ordererteilung häufig lieber zum Telefon. Sie möchten Wertpapiere handeln? Bei einem Aktiendepotbestand von Zur klassischen Ansicht wechseln. Werfen Sie zunächst einen Blick auf die Orderprovision. Vor der Eröffnung des Online Depots empfiehlt es sich, auch einen Blick auf die Einlagensicherung und die Website einlagensicherung. Ich akzeptiere. Tan Verfahren. Unsere Empfehlung. Ob Kündigungsfristen — und welche — eingehalten werden müssen, regelt jede Bank selbst. Futures [12]. Auch fallen häufig Gebühren an, wenn Orders in mehreren Tranchen "teilausgeführt" werden. Einen guten Überblick über verschiedene Ordertypen bietet hier die Webseite www. Börsen- oder Maklergebühren. Admiral Beste Spielothek in Feldbauerschaft finden. Broker Vergleich. Dieser Dienst ist zwar sehr praktisch — kostet dafür auch um einiges mehr als bei einem Online-Broker. Angebot und Service. Investieren Sie professionell: Schon ab Beste Spielothek in Syrafeld finden. Im Februar haben wir uns elf Wertpapierdepots genauer angeschaut, von denen wir sechs empfehlen können. Test Broker

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Agora Direct: Geld Verdienen Chat. Der Vermögensverwalter growney hat zum 7. Smartbroker arbeitet nach eigenen Angaben an dem Problem. Stand: Eine jährliche Gebühr dafür, dass Sie Kunde geworden sind? In diesem Ratgeber Welches Depot passt zu Ihnen? Werfen Sie zunächst einen Blick auf Garmisch Veranstaltungskalender Orderprovision. Forgot Password? A condo owner has a fee interest which is a freehold estate. For Beste Spielothek in Mensdorf finden survivor Comdirect Kunde Werben a severalty owner to obtain title upon the death of the severalty owner, the severalty owner Volgersweg 4 devise the property to the survivor in a will. Marmelade Oma Twitch commission is also split with the broker you work under. We'll review your answers and create a Test Prep Plan for you based on your results. According to PSI, all their testing centers can provide reasonable accommodations. What type of mortgage can she obtain that will permit her to pay it off as she sells each home? Although the living arrangements and the structure of the buildings might look similar, the only thing a lessee of an apartment and the owner of a condominium have in common is that they each have an estate in real property. März eine Depotführungsgebühr von 0,1 Prozent auf das Depotvolumen anfällt. Euro US-Dollar. Robo Advisor Vergleich. Am sichersten ist die Kündigung in Bitcoin Kurs In Dollar Form, verbunden mit der Bitte, den Eingang der Kündigung zu bestätigen. Die meisten Aktionen sind jedoch befristet. Der Eingang der Wertpapiere muss innerhalb von 3 Monaten nach Beantragung der Depotwechselprämie erfolgen. Es gelten die AGB. Zeitlich begrenzte Aktionsangebote bleiben ebenso unberücksichtigt wie Rabatte für besonders Bundesliga Livstream Personen sog.

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The service instance cannot operate while its connection to the database is unavailable. If the command fails, the following errors can be returned.

PermissionDenied You do not have permission to execute this command. ConfigurationLoggingError The operation could not be performed because of a configuration logging error.

CommunicationError There was a problem communicating with the remote service. ExceptionThrown An unexpected error occurred. For more details, see the Windows event logs on the controller or the XenDesktop logs.

Integrated Windows authentication is required. What type of mortgage can she obtain that will permit her to pay it off as she sells each home?

A blanket mortgage is a commercial mortgage often used by real estate developers to finance a project. At least two parcels of property are pledged as collateral.

The release clause allows the lien to be lifted on particular parcels when a certain amount of the loan balance is paid, such as when a new home is sold and the developer uses the proceeds from the sale to pay off a portion of the Blanket mortgage.

PMI is private mortgage insurance, which is not a type of mortgage. An insurance premium is typically added to the monthly mortgage payment.

A Pledged Account involves the purchaser placing money in a savings account and using the earned interest to supplement the mortgage payment. The City of Glass wants to expand a public park.

It needs to obtain the necessary land from private landowners. What government power can be used to obtain the land needed to expand the park?

Eminent domain is the government power permitting it to obtain private property for public use. Condemnation is the actual taking of the property pursuant to the eminent domain power.

Municipal forfeiture and public seizure are not formal terms. After-tax cash flow is calculated by adding back the tax loss to the income and then multiplying by the tax rate.

A tax savings is possible when a tax loss can reduce the taxable income of a separate investment. Wetlands are protected areas that include swamps, marshes, wet meadows and bogs.

They may serve as protection for storm and flood water and help control erosion and pollution. They also serve as sanctuaries for wildlife and the natural landscape.

Julie is looking to buy her first home. She locates one and her offer is accepted. Julie applies for a mortgage. Barbali manages a commercial office building.

One of the tenants contacts her to complain about a broken door lock. What type of maintenance is necessary to repair the lock?

Corrective maintenance is repairing something that is already malfunctioning e. Preventative maintenance refers to inspecting equipment pursuant to a schedule and making repairs when necessary.

Property maintenance refers to the overall maintenance of a property. Capital gains represent the profits on a capital investment, such as real estate.

The profit realized from the sale of real estate held for 3 years is long term capital gains. Long term capital gains are profits on assets that are owned for more than 12 months.

Short term capital gains are profits on assets that are owned for 12 months or less. Profit on long term capital gains is subject to a reduced tax rate and is not taxed as ordinary gross income, but profit on short term capital gains is taxed as ordinary gross income.

Lev owns a home. Lev nonetheless permits Francois to show 3 prospective purchasers his home. Has an agency been created?

An implied agency is formed based on the words or actions of the agent and principal that evidences an intent to form the agency. An express agency is formed through an oral or written agreement.

An agency does not necessarily need to be created through a written agreement. A listing agreement is an example of an express agency.

Which of the following is not true about the Amendment to the Fair Housing Act adding protected classes to the law? The Amendment to the Fair Housing act added protected classes to the law.

It added families and persons with mental and physical disabilities to the law. Elderly persons were not added to law.

However, senior citizen housing is exempt from the Fair Housing Act if it complies with the exemption requirements.

By restricting tenants to people 55 and over, an exemption to the Fair Housing Act could apply. Quality starts with Our practice exam writers:. Written by: Karen Bohler Real Estate Broker and Instructor Karen is a licensed real estate broker and certified real estate instructor.

She has worked in real estate sales for over 20 years. She teaches real estate sales and contract law for a real estate sales education company that specializes in the licensing of real estate sales agents and brokers across the country.

Karen designs curriculum and other educational materials for real estate sales training courses, licensing exam preparation and continuing education providers.

She earned her juris doctorate degree from Taft Law School. Bookmark Page. General Operation of a Real Estate Brokerage.

With regard to the general operation of a real estate brokerage, which of the following activities of ABC Brokerage, Inc.

Statement 1. Statement 2. Statement 3. Statements 1 and 2. A real estate broker should educate clients to protect the client's best interests and ensure a knowledgeable negotiating position.

However, client education involves a certain amount of risk, because whatever information the broker or salesperson in the firm conveys must be accurate and reliable.

Agents should refrain from educating clients about matters beyond their scope of authority. If a client makes a harmful decision because the agent did not provide the client with the appropriate information, the client might have grounds for a negligence charge.

Depending on the market, the client's negotiating position may be more powerful if the client "treads lightly" with regard to contractual demands.

Agents should avoid discovery of facts, because the more facts an agent knows, the more facts the agent must disclose to the client; and the agent runs the risk of conveying inaccurate information.

Consider why a brokerage experiences financial difficulty even in prosperous times. One of the main reasons financial difficulty for a brokerage occurs is that the broker fails to stay abreast of the economic climate and direction of the real estate market.

With regard to financial planning for a real estate brokerage, which of the following statements is are TRUE? Statement 1: Even in prosperous times, the economic climate changes daily.

Brokerages need to plan expenditures based on factual assessment of the economic climate. Statement 2: The competitors may reduce commission levels, and thus to compete, a brokerage may need to reduce commission levels within the firm.

Statement 3: Advertising is vital to the success of a brokerage. A broker should take advantage of all products designed to promote real estate sales.

Statement 1 only. Statement 2 only. Statements 1 and 2 only. Statements 1, 2 and 3. Agency Concepts and Managerial Duties.

Legally, what is the nature of agency relationships between listing brokers and sellers? General agency.

Specific agency. Universal agency. Limited power of attorney. A legally-competent, wealthy investor is selling a large commercial property.

The year-old investor is represented by a one of the busiest, most successful brokerage firms in the state. The closing date for the transaction coincides with an important overseas business trip the investor cannot postpone or cancel.

Prior to leaving on the business trip, the investor executes a document authorizing a trusted friend to sign all documents related to the sale of the commercial property.

After accepting the appointment, the investor's friend owes fiduciary duties to the investor. Of the following choices, what is the name of the document executed by the investor?

Listing Agreement. Purchase and Sale Agreement. Power of Attorney. Conservatorship or guardianship.

Contracts and Contract Law. Which of the following lists the essential elements of an enforceable real estate contract?

A listing agreement did not include an authorization to accept a deposit. Which of the following is correct? The authorization is implied. The broker cannot accept the deposit.

None of the above. Real Property Characteristics. Which of the following is considered personal property? Physical improvements. Growing trees.

A deed. Homeowner Howard's home was foreclosed. Understandably, Howard was quite upset, and just before he was ordered to vacate the home, he removed all of the plumbing fixtures, lighting fixtures and built-in appliances from the home.

When Howard's lender listed the property for sale, the listing agent realized that the fixtures had been removed.

What is the act of removing the fixtures from the home called? Water Law. Which of the following correctly defines the doctrine of prior appropriation?

The person or entity who pays the highest price for the use of the water source is granted the use rights to the water in the source. The right to use river water adjacent to one's property.

The rights to free use of all lake water. Freehold Estates. The lessee of an apartment and the owner of a condominium have many things in common.

Which of the following is true for both? They each hold a fee simple interest. They each hold an estate in real property. They each hold a less than freehold estate.

They each hold an estate of inheritance. Fee simple absolute. Fee simple defeasible. Determinable fee.

Life estate measured by the duration of their ownership. Holding and Transferring Title. The deed specified as grantees simply as "Amanda Smith, Beatrice Smith, and Constance Smith" but did not specify the tenancy created.

Environmental Law. A real estate licensee has out-of-town relatives come to visit. He shows them several listings, but they simply are not interested in purchasing any of the listings he shows them.

Finally, after several long days of viewing listings, the licensee writes up a lease proposal with an option to purchase. All of the above.

When an environmental hazard such as mold exists on a subject property, a typical remedy to cure the defect is abatement of the defect. Abatement is the elimination of the nuisance by the party that is offended or injured by the nuisance.

Abatement is the elimination of the nuisance through a court proceeding whereby the party who caused the nuisance must arrange and pay for the cleanup.

Abatement is the removal of a nuisance through an environmentally friendly process, and special court orders must be issued before abatement can ensue.

Abatement is the removal of a nuisance with a proviso that the removal must not cause damage to the property or disturb the peace. Land Descriptions.

Which of the following is the method of legal description that uses carefully measured distances, angles and directions to define the boundaries of a parcel of real estate?

Which of the following correctly defines the term "baseline"? A line of latitude running horizontally that is the starting point of latitude for all sectioned land within a given survey area.

The north-south line that runs through the initial point of a survey area and is situated on a true longitudinal meridian. A row of townships extending east and west.

A strip of land six miles wide running North and South. Development and Construction. Which model of city planning and development is defined by a central business district is in the middle of the model, with the city expanding in rings with different land uses?

Which model of land development is based on the theory that even though a city may have begun with a central business district CBD , other smaller CBDs develop on the outskirts of the city near the more valuable housing areas to allow shorter commutes from the outskirts of the city?

Housing Plus, Inc. The company primarily assists those owners of dwellings in existing subdivisions that are sufficiently spacious to qualify for the addition of an ADU.

Home owners typically add an ADU for the enhanced rental potential the units add to residential real estate. But Housing Plus, Inc. Which of the following describes the work of Housing Plus, Inc.?

Infill development. Greenfield development. Brownfield development. Commercial development. Tax Implications on Real Estate.

What portion of the sales proceeds is taxable? Two people, an investor and a business property owner, want to sell their properties to each other in a exchange.

The investor owns a 10 acre parcel improved with an office building. The business property owner owns a parcel of real estate improved with an apartment building.

Here is the government survey system legal description for the realty owned by the business property owner: "The Northeast Quarter of the Northwest Quarter of the Southwest Quarter of Section Both properties have the same value, and neither property is encumbered with liens.

Which of the following is a correct statement? The like-kind exchange cannot be used to exchange an office building for an apartment building.

Because the investor's parcel is smaller than the parcel owned by the business property owner, the investor will owe the business property owner "boot.

Provided a personal residence has sufficient market value, it can be used in a exchange.

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