Episode 067 - Exam Questions 21

Going through state exam questions to help real estate students pass their state exam.

00:00 – Give yourself a pat on the back for changing your future. You have made the decision to go where many will not. I am proud of you!

04:20 – Are the exam questions the same each time you take the test?

06:50 – What is a reverse mortgage and what borrower would most likely use that type of loan?

08:28 – What happens to the commission when an agent switches from one brokerage to another?

10:22 – Who do you notify if the earnest money does not go through?

12:33 – If the material defect is repaired, does it need to be disclosed? What should the agent do?

14:17 – Where does the tenant's security deposit go when an owner changes from one property manage to another?

16:25 – How is earnest money described? It is NOT consideration.

18:27 – What happens when a 16 year old signs a lease agreement? What happens when someone without mental capacity signs a contract to purchase?.

24:50 – On our private FaceBook page, we added several documents of study guides to help with math formulas, calculations, terminology, etc..

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