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Aceable Agent Texas Real Estate Principles I questions with actual answers. $9.29   Add to cart
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Aceable Agent Texas Real Estate Principles I questions with actual answers.
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  • Texas Principles of Real Estate 1
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  • Texas Principles Of Real Estate 1

Aceable Agent Texas Real Estate Principles I questions with actual answers.

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  • September 13, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • aceable agent texas real estate principles i quest

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  • Texas Principles of Real Estate 1
  • Texas Principles of Real Estate 1

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Aceable Agent Texas Real Estate
Principles I questions with actual
answers.
Broker's Price Opinion (BPO) ANS -A broker's price opinion is the process used by a hired sales agent to
determine the potential selling price or estimated value of a real estate property



Closing ANS -The completion of a real estate transaction in which the buyer receives ownership and the
seller receives the contract amount



Comparative Market Analysis (CMA) ANS -A report comparing the prices of sold homes that are similar
to the subject property (called comparables), created by a license holder to help the seller or buyer
determine the market value



Seller's Market ANS -a market condition in which the number of properties for sale does not meet the
demand (number of people looking to buy)



Buyer's Market ANS -relatively low demand for real estate in the area (it will take 6 months or more to
sell a house)



Agent ANS -A person who acts on behalf of someone else



Seller's Disclosure Notice ANS -A document filled out by the seller concerning any defects in the
improvements on the property



Subagent ANS -A license holder from one office who represents the seller through cooperation with the
listing broker of another company



Material Fact ANS -Any fact that is significant or essential to the transaction



Principle ANS -the individual who authorizes another person to act on their behalf

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