MN Real Estate Salesperson Exam 1

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Decks in this class (41)

1.2
The two types of real estate lice...,
The minnesota curriculum for this...,
Where can you obtain detailed inf...
18  cards
2.1
True or false title insurance pol...,
On a title what are encumbrances ...,
A ______ title insurance policy i...
9  cards
2.2
What kind of payment is made by t...,
A debit to the seller s closing s...,
______ always require the buyer t...
18  cards
2.4
It is called ______ when one pers...,
What is it called when a corporat...,
______ is the type of ownership w...
36  cards
2.6
If a person dies testate they hav...,
A person needing to cross another...,
If a person dies intestate they d...
18  cards
2.7
A _______ is a type of freehold e...,
A ______ is a type of leasehold e...,
If the lessee is not paying any c...
27  cards
2.8
The _______ is the settlement sta...,
The _______ is a disclosure form ...,
The _____ is the name of the cons...
45  cards
5.3
The ecoa prohibits credit discrim...,
The ____ is the nation s consumer...,
The ______ is an act that provide...
18  cards
3.1
An individual grievance that can ...,
The statutory home warranty law o...,
______ is the type of insurance t...
36  cards
3.2
The agent duties acronum dr cola ...,
The fiduciary duties of an agent ...,
The type of listing contract that...
27  cards
3.7
Both the 1866 civil rights act an...,
If a broker goes to a particular ...,
The federal fair housing act proh...
36  cards
2 S.R.
A title insurance _______ policy ...,
________ perform title searches t...,
In most cases the _______ is expe...
27  cards
3.4
______ is real estate which is di...,
According to mn chapter 83 a deve...,
In minnesota an offering of more ...
18  cards
3.5
Agents are required to disclose _...,
It should be a red flag to a real...,
______ are facts that may adverse...
9  cards
3.6
In minnesota the government agenc...,
In minnesota you must have a lice...,
__________ need a license from th...
18  cards
5.4
True or false fannie mae lends mo...,
The name of the secondary mortgag...,
Fannie mae operates under a _____...
18  cards
3.8
The 4 stages of a property s life...,
The four elements of value in app...,
The remaining period for which re...
44  cards
3 S.R.
True or false the department of c...,
The licensing authority in minnes...,
Chapter _____ of minnesota statut...
36  cards
5.5
A _______ is a financial instrume...,
Mortgage backed securities mbss a...,
Sometimes mortgage backed securit...
9  cards
5.6
35 converted into a decimal would...,
True or false to convert percenta...,
Converting 225 to a percentage wo...
24  cards
5 S.R.
Because the owner gives the mortg...,
If the property is financed with ...,
The lender receives the mortgage ...
27  cards
6.1
The four government rights that e...,
A tax based on the assessed value...,
______ is the right of government...
27  cards
4.1
For a contract to be valid there ...,
To have a valid contract you must...,
In contracts the term considerati...
45  cards
6.3
There are _____ acres in a section,
____ is the form of legal descrip...,
_____ is the legal description me...
27  cards
6.2
True or false if soeone owns land...,
A neon sign for business attached...,
True or false a permanent fence a...
27  cards
6.4
If a utility company wants to run...,
The ______ is the person who bene...,
When a property is sold restricti...
18  cards
7.1
True or false a seller needs to c...,
In minnesota an action against a ...,
True or false a seller needs to c...
36  cards
4.2
True or false a listing agreement...,
True or false a purchase agreemen...,
In a purchase agreement the vendo...
36  cards
4 S.R.
To make a contract enforceable it...,
The statute of _____ requires tha...,
______ contracts have no legal ef...
26  cards
6 S.R.
______ is a reversionary right if...,
____ are also known as real estat...,
______ power allows governmental ...
27  cards
5.2
An fha loan allows you to buy a h...,
A mortgage loan is _____ by the f...,
True or false the fha makes home ...
27  cards
5.1
The two mortgagor documents are _...,
In a foreclosure process the deed...,
The document that states a mortga...
28  cards
2.3
0  cards
7.2
0  cards
7.3
A contractor who completes the re...,
The _______ crime bill pertains t...,
Community health services adminis...
45  cards
7.4
True or false liability for conta...,
Another name for cercla is _______,
When an environmental auditing co...
36  cards
7 S.R.
Avulsions,
Riparian owner,
Accretions
143  cards
6.5
_____ regulations can prescribe a...,
The ______ is the land survey tha...,
The 5 land use classifications ar...
18  cards
S.R. 7
A sudden and violent change to th...,
An owner or possessor of land tha...,
The natural erosion of soil on on...
96  cards
kstate practice exam
A broker is required to sign all ...,
The commissioner of commerce must...,
To engage in the real estate busi...
7  cards
Kstate 2
All of the following would be con...,
A seller must disclose the status...,
An individual holds ownership in ...
11  cards

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MN Real Estate Salesperson Exam 1

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