Episode 070 - Exam Questions 24

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

01:50 – National (General) versus State exam.

05:00 – Some states have one, mixed test. Some states have two separate portions.

06:15 – Advice in taking the state exam: study and focus on one portion of the exam or the other.

10:05 – When retaking an exam, do not expect to see the same questions on subsequent exams.

11:35 – Do criminal convictions keep you from getting a real estate license?

14:00 – Kelsi called Brian out on a question.

15:35 – Difference between express contract and implied contract.

18:10 – Life estate issues when a life estate holder dies before the end of the life estate.

25:10 – What circumstance should a buyer investigate water rights?

27:50 – Must a licensed agent list their own property with their brokerage?

31:25 – Who decides where earnest money is deposited?

33:33 – A low loan-to-value ratio equals a high down payment and high equity. Inverse relationship between loan and down payment.

36:35 – What deed gives the least warranty to a grantee?

40:20 – Proration concerns when a buyer assumes a loan from a seller. Who is debited and who is credited?

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