Ga mls unit 4 Study guides, Class notes & Summaries

Ga MLS unit 4 Questions and correct answers | already graded a+ | verified answers

Ga MLS unit 4 Questions With Answers 2024 Solution

Brokerage - The business of bringing people together in a real estate transaction Broker - A person or company licensed to buy, sell, exchange, or lease real property for others and to charge a fee for these services. Licensed real estate salesperson - Employed by or associated with a broker to perform brokerage activities on behalf of or for the broker (may also be referred to as a sales associate or associate licensee)

Eminent domain ~ The right of the government to acquire privately owned real estate for public use. Condemnation ~ The process by which the government exercises its right of eminent domain, either by judicial or administrative proceedings. Taking ~ The taking of private property by the government for public use through the power of eminent domain is not legal unless owner is compensated fairly. Kelo vs. City of New London (2005) ~ Held that local governments can condemn homes an...

Laboratory Director (PhD, Pathologist (MD), etc.) - Oversees all laboratory operations (all three branches) - Expertise in medical, scientific, technical, and regulatory matters Pathologist (MD) - Works in the pathology department - Great resource/reference for MLS - Reviews all abnormal hematologic cases along with tissue biopsies, etc "Path Review" Laboratory Supervisor/Manager - Responsible for the technical aspects of the lab - Usually an MLS with additional education...

Anti-Trust - ANSWER-An area of law concerned with maintaining competition in private markets by prohibiting any restraint on trade. Georgia Real Estate Commission - ANSWER-Pass rules and regulations that govern real estate licensees Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) - ANSWER-A federal law enacted by Congress in 1980 to create a tax on the chemical and petroleum industries and provided broad authority to respond directly to releases or threatened...

RE Salesperson License requirements? - Answer 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - Answer 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - Answer Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesperson and RE Broker? - Answer Salesperson wor...

Ga MLS unit 4.

Ga MLS unit 4