A house with outmoded plumbing is suffering from

Real Estate Quiz

Quiz
•
others
•
10th Grade
•
Easy
Alexis Rich
Used 4+ times
FREE Resource
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
curable physical deterioration
external depreciation
incurable physical deterioration
functional obsolescence
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to be a License member of the commission, a person must be
a KY citizen
a non-felon
all of the above
a licensed broker
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A licensed real estate professional acting as a point of contact between two or more people in negotiating the sale, rental, or purchase of a property is known as a(n)
sales affiliate
property manager
appraiser
broker
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A landowner constructed a building 7 stories high. Several years later the municipality changed the zoning ordinance, prohibiting buildings that exceed 6 stories in height. Which of the following is true regarding the existing 7-story building?
the owner must obtain a variance
it is nonconforming use
it is a conditional use
the building must be demolished
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following should be a consideration in selecting a tenant for the property EXCEPT
size of the available space relative to the tenant's requirements
compatibility of the tenant's business with those of other tenants
tenant's ability to make the rental payments
Ethnic background of the tenant and his or her employees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mechanic's lien would be properly classified as a(n) ______.
lien
easement
deed
contract
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a specific lien?
equitable lien
voluntary lien
general lien
specific lien
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