Alabama Stepping Stone Real Estate School Overview

Front

Which of the following is a defining characteristic of tenancy in common?

Back

• No survivorship

Front

Which of the following is an example of an agent engaging in steering?

Back

• An agent who shows a client homes that are only located in a particular neighborhood

Front

The Uniform Residential Landlord and Tenant Act generally does not apply to

Back

• a residence that is under a contract for deed

Front

What portion of a section is ten acres?

Back

• 1/64

Front

A specific lien attaches to which of the following items?

Back

• An FHA mortgage on a family house

Front

Bill is buying a house that appraises for $375,000, but the lender will lend him no more than $300,000, in spite of Bill's excellent income, debt and credit qualifications. This is most likely because

Back

• the lender’s loan-to-value (LTV) ratio is fixed at 80%.

Front

Under federal fair housing laws, the owner of a ten-unit apartment building may legally

Back

• require families without children to pay the same security deposit that families with children must pay

Front

Which of the following is an example of a special assessment?

Back

• New public sidewalks in a subdivision

Front

Conservation of capital refers to

Back

• preserving, through low-risk investments, the original amount invested

Front

The clause in the mortgage that could allow the lender to require the borrower to repay the loan before the scheduled date is called

Back

• acceleration