Practice Quiz

Real Estate Agent / Broker / Salesperson Exam Prep - Question List

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46.

Which of the following items is usually considered to be a cost of home ownership?

  1. Land depreciation
  2. Improvement appreciation
  3. Amenity value
  4. Interest lost on the owner’s equity
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47. When ownership of a mortgage is transferred from one company or individual to another, it is called:
  1. an assumption
  2. an assignment
  3. an assessment
  4. all of the above
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48. An insurance policy which combines personal liability insurance and hazard insurance coverage for a dwelling and its contents is called:
  1. homeowner’s insurance
  2. buyer’s insurance
  3. errors and omissions insurance
  4. all of the above
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49. A right-of-way which gives persons other than the owner access to or over a property is known as an:
  1. easement
  2. ingress
  3. egress
  4. none of the above
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