Real Estate Practice Exam 180 Practice Questions And Verified Answers.

If i was a real estate licensee and wanted to apply to become a mortgage broker, how many years of experience would i need? {Ans: Two Years}What types of property are exempt from real property assessment ? {Ans: No types are exempt}Who do I owe my Fiduciary duties to? Client or Customer? {Ans: Client}The highest price a Buyer will take and the lowest price a seller will take? {Ans: Market Value}If the seller wants to net 250k after commission of 5%, calculate the actual sale price? {Ans: 250000x.05+250000=262500}What is a synonym for proration? {Ans: Adjustment}