93. A building is valued at $135,000 with an estimated 25-year useful economic life. The building has an effective age of five years. Using the age-life method, find the depreciated value of the building.

89. A contract for sale and purchase stipulates that the seller will pay for title insurance. The contract further states that the seller will choose the title insurance company. Which statement applies to this situation?

91. A building rents for $32 per square foot with an index of 1.6. The index increases to 1.9. What is the adjusted rental rate?

87. Which valuation product requires the services of a licensed or certified appraiser ?

81. Which legal procedure is used to determine a fair price in an eminent domain action?

64. The SE1/4 of the NW1/4 and the NE1/4 of the SW1/4 of Section 19 contains how many acres?

92. You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for this property, including a $4,400 reserve for replacements, total $176,000. What is the property’s net operating income?

42. The FREC’s authority to impose discipline falls under which area of responsibility?

72. A seller lists her vacant lot with a real estate company. The seller specifies in the listing agreement the minimum amount of cash she must receive at closing. What type of listing does this describe?

77. A real estate agent has been licensed in Texas for one year. The licensee worked for a Texas broker but recently moved to Florida. The agent wants to open his own brokerage in Florida so he recently completed the Florida broker pre-license course. I the Texas licensee eligible to take the Florida broker license exam?