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Question 1 of 14
1. Question
A $200,000 interest only loan has an annual interest rate of 8%. What is the monthly interest payment?
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Question 2 of 14
2. Question
The determinants of value are utility, scarcity, purchasing power and ____.
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Question 3 of 14
3. Question
What is market equilibrium?
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Question 4 of 14
4. Question
What is the amount of available property that becomes occupied over a period of time?
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Question 5 of 14
5. Question
Which of the following is a property selection characteristic office users are concerned with?
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Question 6 of 14
6. Question
If demand decreases relative to supply, prices _______.
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Question 7 of 14
7. Question
The rules passed by the FREC are contained in
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Question 8 of 14
8. Question
A loan clause that gives a lender the option to accelerate a loan if the buyer conveys the property to another party is called the ___________.
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Question 9 of 14
9. Question
If the seller is a foreign person, the buyer must withhold _____ of the purchase price at closing and forward the withheld amount to the IRS.
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Question 10 of 14
10. Question
Typically, a seller conveys a(n) _______ interest by means of a general warranty deed.
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Question 11 of 14
11. Question
If a seller defaults in a contract, the buyer can sue for ________ to compel the seller to transfer legal title upon payment of the contract price.
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Question 12 of 14
12. Question
When is a contract executory?
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Question 13 of 14
13. Question
Which law protects consumers from a developer’s misrepresentation of material facts about a property being purchased sight unseen through means of interstate commerce or the mail?
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Question 14 of 14
14. Question
Which of the following is the term for the practice of inducing owners in an area to sell or rent in order to avoid impending change in the ethnic makeup of the neighborhood?
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