Practice test

Real Estate Practice Exam 9

Real Estate practice exam 9, Intermediate tier: 25 questions on day-level prorations, title clearing, and foreclosure, with answer explanations.

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Question 1

1

A property's annual taxes are $5,400, paid in arrears. Closing occurs on September 16 using a 360-day year, 30-day months, with the seller responsible through the day before closing. The seller's share (Jan 1-Sep 15) is approximately:

Question 2

2

A condominium owner holds fee simple title to their unit and an undivided interest in the common areas as a:

Question 3

3

A buyer signs an offer that is accepted, then assigns the contract to an investor before closing. Unless prohibited, the assignment:

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