The “Real Estate Recovery Fund” is established to pay persons seeking damages for a loss suffered in a real estate transaction as a result of fraud, an intentional tort, deceit, or the conversion of trust funds. ”

The tenant is responsible for the building’s property taxes and property insurance in addition to rent and utilities. This is most likely a

Because rental rates are influenced primarily by ____________________, property managers should conduct a detailed survey of the competitive space available in the neighborhood, emphasizing similar properties.

All security deposits and prepaid rents from property management must be deposited in a trust account.

When a homeowner was remodeling their bathroom, they selected custom imported tiles instead of the big-box retailer brands. They were disappointed to see that the increase in expense did not proportionately increase the property s value to potential buyers. Which principle of value does this best exemplify?

When a landowner leases unimproved land to a tenant, who agrees to erect a building on the land, the lease is usually called

A tenant s lease contains a clause stating that the landlord must allow them an opportunity to buy the property before accepting an offer from another party. This best exemplifies a

A lease for more than 12 months is not enforceable, even if both parties sign the agreement.

Which of the following is LEAST likely the best approach for appraising a new, single-family home?

Which charge noted on the Loan Estimate (LE) must be the same or less than the charge noted on the Closing Disclosure (CD)?