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Real Estate U - Texas Principles of Real Estate - Part 1 Exam Questions and Complete Solutions Graded A+ $14.49   Add to cart

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Real Estate U - Texas Principles of Real Estate - Part 1 Exam Questions and Complete Solutions Graded A+

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  • Course
  • Real Estate U
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  • Real Estate U

Real Estate U - Texas Principles of Real Estate - Part 1 Exam Questions and Complete Solutions Graded A+

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  • August 24, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate U
  • Real Estate U
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RealEstateU - Texas
Principles of Real Estate -
Part 1 Exam Questions
and Complete Solutions
Graded A+
Denning [Date] [Course title]

, Salesperson's Sponsoring Broker - Answer: a real estate salesperson closes on a transaction, who pays
the salespersons commission?



General Agent - Answer: An agent with full authority over one property of the principle. EX: Property
Manager.



Supply - Answer: Te amount of goods offered for sale within a given market at a given price during a
given period.



Specific Agent - Answer: Agent with limited authority to act on behalf of the principal, such as a listing.
EX real estate agent.



Market Comparison Approach - Answer: A means of comparing similar type properties, which have
recently sold, to the subject property. Commonly used in comparing residential properties.



General Uses of Real Property - Answer: 1. Residential, Commercial, & Industrial.



Principal - Answer: The employer of an agent; one of the main parties in a real estate transaction, such
as a buyer, borrower, seller, or lessor.



Commercial Property - Answer: Properties with 5 or more dwelling units. Property that produces rental
income or that is used in business



Personal Property - Answer: All property that isn't land & not permanently attached to land. (MOVABLE)



Which of the following is considered a legal test for determining if an item is a fixture or not...? -
Answer: Intention of the parties, adaption of the item, & Mode and permanence of how the item was
attached



The transfer of personal property is typically done using a...? - Answer: Bill of Sale

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