MN Real Estate Salesperson Exam 1 Flashcards

Decks in this Class (41):

• 12

  1.2

  Sample Cards:

  the minnesota curriculum for this course,

  the two types of real estate license exa,

  where can you obtain detailed informatio
  18 Cards
  Preview Flashcards
• 21

  2.1

  Sample Cards:

  on a title what are encumbrances claims,

  true or false title insurance policies a,

  a ______ title insurance policy is requi
  9 Cards
  Preview Flashcards
• 22

  2.2

  Sample Cards:

  a debit to the seller s closing statemen,

  what kind of payment is made by the buye,

  ______ always require the buyer to have
  18 Cards
  Preview Flashcards
• 24

  2.4

  Sample Cards:

  what is it called when a corporation own,

  it is called ______ when one person owns,

  ______ is the type of ownership when a p
  36 Cards
  Preview Flashcards
• 26

  2.6

  Sample Cards:

  a person needing to cross another s prop,

  if a person dies testate they have a ___,

  if a person dies intestate they do not h
  18 Cards
  Preview Flashcards
• 27

  2.7

  Sample Cards:

  a ______ is a type of leasehold estate t,

  a _______ is a type of freehold estate t,

  if the lessee is not paying any consider
  27 Cards
  Preview Flashcards
• 28

  2.8

  Sample Cards:

  the _______ is a disclosure form that gi,

  the _______ is the settlement statement,

  the _____ is the name of the consumer pr
  45 Cards
  Preview Flashcards
• 53

  5.3

  Sample Cards:

  the ____ is the nation s consumer protec,

  the ecoa prohibits credit discrimination,

  the ______ is an act that provides prote
  18 Cards
  Preview Flashcards
• 31

  3.1

  Sample Cards:

  the statutory home warranty law offers h,

  an individual grievance that can be reco,

  ______ is the type of insurance to prote
  36 Cards
  Preview Flashcards
• 32

  3.2

  Sample Cards:

  the fiduciary duties of an agent are dis,

  the agent duties acronum dr cola stands,

  the type of listing contract that allows
  27 Cards
  Preview Flashcards
• 37

  3.7

  Sample Cards:

  if a broker goes to a particular neighbo,

  both the 1866 civil rights act and the 1,

  the federal fair housing act prohibits r
  36 Cards
  Preview Flashcards
• 2 Sr

  2 S.R.

  Sample Cards:

  ________ perform title searches to deter,

  a title insurance _______ policy is requ,

  in most cases the _______ is expected to
  27 Cards
  Preview Flashcards
• 34

  3.4

  Sample Cards:

  according to mn chapter 83 a developer c,

  ______ is real estate which is divided o,

  in minnesota an offering of more than __
  18 Cards
  Preview Flashcards
• 35

  3.5

  Sample Cards:

  it should be a red flag to a real estate,

  agents are required to disclose ________,

  ______ are facts that may adversely and
  9 Cards
  Preview Flashcards
• 36

  3.6

  Sample Cards:

  in minnesota you must have a license to,

  in minnesota the government agency that,

  __________ need a license from the depar
  18 Cards
  Preview Flashcards
• 54

  5.4

  Sample Cards:

  the name of the secondary mortgage marke,

  true or false fannie mae lends money dir,

  fannie mae operates under a _______ char
  18 Cards
  Preview Flashcards
• 38

  3.8

  Sample Cards:

  the four elements of value in appraisal,

  the 4 stages of a property s life cycle,

  the remaining period for which real esta
  44 Cards
  Preview Flashcards
• 3 Sr

  3 S.R.

  Sample Cards:

  the licensing authority in minnesota is,

  true or false the department of commerce,

  chapter _____ of minnesota statutes is t
  36 Cards
  Preview Flashcards
• 55

  5.5

  Sample Cards:

  mortgage backed securities mbss allow sm,

  a _______ is a financial instrument whos,

  sometimes mortgage backed securities are
  9 Cards
  Preview Flashcards
• 56

  5.6

  Sample Cards:

  true or false to convert percentages int,

  35 converted into a decimal would be ___,

  converting 225 to a percentage would be
  24 Cards
  Preview Flashcards
• 5 Sr

  5 S.R.

  Sample Cards:

  if the property is financed with a loan,

  because the owner gives the mortgage to,

  the lender receives the mortgage and is
  27 Cards
  Preview Flashcards
• 61

  6.1

  Sample Cards:

  a tax based on the assessed value of rea,

  the four government rights that exist wi,

  ______ is the right of government to tak
  27 Cards
  Preview Flashcards
• 41

  4.1

  Sample Cards:

  to have a valid contract you must be at,

  for a contract to be valid there must be,

  in contracts the term consideration mean
  45 Cards
  Preview Flashcards
• 63

  6.3

  Sample Cards:

  ____ is the form of legal description th,

  there are _____ acres in a section,

  _____ is the legal description method th
  27 Cards
  Preview Flashcards
• 62

  6.2

  Sample Cards:

  a neon sign for business attached to a l,

  true or false if soeone owns land along,

  true or false a permanent fence around a
  27 Cards
  Preview Flashcards
• 64

  6.4

  Sample Cards:

  the ______ is the person who benefits fr,

  if a utility company wants to run sewer,

  when a property is sold restrictive cove
  18 Cards
  Preview Flashcards
• 71

  7.1

  Sample Cards:

  in minnesota an action against a seller,

  true or false a seller needs to complete,

  true or false a seller needs to complete
  36 Cards
  Preview Flashcards
• 42

  4.2

  Sample Cards:

  true or false a purchase agreement is a,

  true or false a listing agreement is a u,

  in a purchase agreement the vendor selle
  36 Cards
  Preview Flashcards
• 4 Sr

  4 S.R.

  Sample Cards:

  the statute of _____ requires that contr,

  to make a contract enforceable it must b,

  ______ contracts have no legal effect ar
  26 Cards
  Preview Flashcards
• 6 Sr

  6 S.R.

  Sample Cards:

  ____ are also known as real estate taxes,

  ______ is a reversionary right if an own,

  ______ power allows governmental bodies
  27 Cards
  Preview Flashcards
• 52

  5.2

  Sample Cards:

  a mortgage loan is _____ by the federal,

  an fha loan allows you to buy a house wi,

  true or false the fha makes home loans
  27 Cards
  Preview Flashcards
• 51

  5.1

  Sample Cards:

  in a foreclosure process the deed is tra,

  the two mortgagor documents are _____ an,

  the document that states a mortgage lien
  28 Cards
  Preview Flashcards
• 23

  2.3
  0 Cards
  Preview Flashcards
• 72

  7.2
  0 Cards
  Preview Flashcards
• 73

  7.3

  Sample Cards:

  the _______ crime bill pertains to real,

  a contractor who completes the remediati,

  community health services administrators
  45 Cards
  Preview Flashcards
• 74

  7.4

  Sample Cards:

  another name for cercla is _______,

  true or false liability for contaminatio,

  when an environmental auditing company e
  36 Cards
  Preview Flashcards
• 7 Sr

  7 S.R.

  Sample Cards:

  riparian owner,

  avulsions,

  accretions
  143 Cards
  Preview Flashcards
• 65

  6.5

  Sample Cards:

  the ______ is the land survey that will,

  _____ regulations can prescribe a type o,

  the 5 land use classifications are resid
  18 Cards
  Preview Flashcards
• Sr 7

  S.R. 7

  Sample Cards:

  an owner or possessor of land that abuts,

  a sudden and violent change to the bed o,

  the natural erosion of soil on one side
  96 Cards
  Preview Flashcards
• Kstate Practice Exam

  kstate practice exam

  Sample Cards:

  the commissioner of commerce must be not,

  a broker is required to sign all the fol,

  to engage in the real estate business fo
  7 Cards
  Preview Flashcards
• Kstate 2

  Kstate 2

  Sample Cards:

  a seller must disclose the status and lo,

  all of the following would be considered,

  an individual holds ownership in a condo
  11 Cards
  Preview Flashcards