Episode 077 - Real Estate Exam Questions 31

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

03:35 – Be care of scammers on our FaceBook page.

06:12 – Prorations: 360 day year; bankers year. Check our class videos on our YouTube channel.

13:20 – What can and cannot terminate an offer to purchase real estate?

18:17 – What type of lease includes a fixed or base rent and a percentage of the cost to maintain the building? Answer: Net lease.

22:47 – How should a buyer take ownership if they want to ensure their spouse receives the property upon the first party's death? What should the broker suggest?

26:15 – A contract is terminated if what happens? Answer: impossible to perform.

29:15 – What are private land use controls? Answer: deed restrictions.

31:33 – What is required when an owner lists their property for sale "as is"? Answer: seller must disclose defects.

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