Iowa Real Estate

pdf

School

Harding University *

*We aren’t endorsed by this school

Course

5236

Subject

Economics

Date

Nov 24, 2024

Type

pdf

Pages

Uploaded by CoachLobster3959

Iowa Real Estate - c. 1 Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed Success Is corn stored in a grain bin, real or personal property? - ✔✔ Personal T or F? Kitchen Cabinets are considered real property after they are installed as improvements to the home, even though at one time they were personal property. - ✔✔ True T or F? A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales agreement. - ✔✔ False T or F? It is not necessary for a licensee to be under the control of a real estate broker. - ✔✔ False T or F? A water well pump would be considered personal property and could be taken with the seller. - ✔✔ False T or F? The sudden replacement of land by a landslide is called avulsion. - ✔✔ True T or F? Riparian water rights are the right enjoyed by landowners located next to lakes. - ✔✔ False T or F? Appointees to the Iowa Real Estate Commission must be approved by the Iowa Senate. - ✔✔ True

T or F? Littoral rights are rights enjoyed by landowners located next to rivers and streams. - ✔✔ False T or F? Real property is divided into two categories, physical and economic. - ✔✔ True T or F? Landowners can sell air rights or subsurface rights and retain the surface rights. - ✔✔ True A term that has been given to expanding exposure is "farming". Some good examples of "farming" are as follows: - Door knocking in your local neighborhood. - Putting your business cards on local business bulletin boards. - Joining breakfast clubs, service clubs, and other casual organizations. - All of the above. - ✔✔ All of the Above Which of the following is not a physical characteristic of real property? - Immobility - Indestructibility - Uniqueness - Scarcity - ✔✔ Scarcity

T or F? The Bundle of Rights that accompanies real property ownership includes five rights. - ✔✔ True Which characteristic is not an economic characteristic of real estate? - Location - Scarcity - Improvements - Uniqueness - ✔✔ Uniqueness T or F? The owner of land also owns the rights to the subsurface and the air above the land. - ✔✔ True T or F? All licensees have the right to call themselves REALTORS®. - ✔✔ False What REALTOR® associations must you belong to have the ability to call yourself a REALTOR®? - ✔✔ National, State, and Local Associations Is it possible for a licensee to belong to more than one multiple listing service? - ✔✔ Yes T or F? No special insurance is necessary for real estate licensees to conduct business in Iowa. - ✔✔ False T or F? A growing corn crop is considered part of the land. - ✔✔ True

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

T or F? A Salesperson must take additional required courses before a broker's license can be obtained. - ✔✔ True T or F? You need a special real estate license to manage an apartment house. - ✔✔ False T or F? ARELLO stands for Association of Real Estate License Law Officials - ✔✔ True Which of the following is not included in the Bundle of Rights? - Right of quiet enjoyment - Right of disposition - Right of separation - Right of control - ✔✔ Right of Separation From the date of purchasing the Pre-License course, how many months do you have to take the Real Estate Salesperson Exam? - ✔✔ 12 Months

Related Documents

Navigating Sustainable Transformation.docx

CEIS 308 Module 2 Lesson 1 - Knowledge Check ( 3 ).png

WGU D265 (50).pdf

Name12345.docx

Screenshot 2023-11-10 130720.png

Q35390587.docx

Chapter 7.docx

2.pdf

PE2023_PS2_Solutions (2).pdf

hure1080_new.docx

Discussion 6.docx

Labor Field Exam Aug 14.pdf

Recommended textbooks for you

Managerial Economics: Applications, Strategies an...

Economics

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:Cengage Learning

Microeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

Economics: Private and Public Choice (MindTap Cou...

Economics

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

Microeconomic Theory

Economics

ISBN:9781337517942

Author:NICHOLSON

Publisher:Cengage

Managerial Economics: A Problem Solving Approach

Economics

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Cengage Learning

Economics Today and Tomorrow, Student Edition

Economics

ISBN:9780078747663

Author:McGraw-Hill

Publisher:Glencoe/McGraw-Hill School Pub Co

SEE MORE TEXTBOOKS

Recommended textbooks for you

Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co