1- Studs in residential single family dwellings are usually …16 inches on center “O.C.”
2- What is an example of physical deterioration in terms of an appraisal…wear & tear from normal use
3- Based on an exclusive agency agreement…an owner can sell the house himself without being liable to the broker for a commission.
4- A package mortgage would likely be used when…encumbering real property and using personal property as additional collateral.
5- Metal used in construction to prevent seepage or to direct water for certain joints in residential construction is referred to as… flashing.
6- An example of economic obsolescence might be…a high rate of taxes for excessive improvements.
7- When personal property is made a part of real property it is considered… a fixture.
8- When the judgment of the court is recorded it becomes a…involuntary lien.
9- A lease that designates that the lessee is to pay the real property taxes is usually referred to as… a net lease.
10- Complaints involving violations of the federal law involving discrimination must be filed within…180 days.