Real Estate Questions and Answers 100% Correct

personal property are the items the seller can load into the van when moving after the sale chattels personal refers to cars, boats, furniture, clothes, stocks, money and tools chattels real items that extend to owner an interest in real property; leases, mortgages, contracts to purchase and opti...

Missy, a licensee, desperately wants to be appointed the next California Real Estate Commissioner. For the three years she has held her California real estate license, she has been ranked in the top five in new home sales in her office. Missy has never had her license suspended or revoked, and pr...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option un...

1. When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include A. fences B. walkways C. sewer systems D. streetsFences . Real estate is property, which can be either a tangible or an intangible asset. Which of the fo...

Geographic farmAn area of neighborhoods or subdivisons that is serviced by your firm. Marketing planA plan by which you develop to gain name recognition A plan by which you develop to gain name recognitionBecoming different in your approach through growth and development Economic farmAll the pro...

NAME RECOGNITION Comes from developing a marketing plan that is outside the box, something that separates you from others. Devising a 12 Month Marketing Plan A key habit of successful, professional agents. Planning in advance not only allows you to properly budget, it also ensures that you do not...

Article 12-A of the NYS Real Property LawThe section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sp...

Geographic Farm An area of neighborhoods or subdivisions that is serviced by your firm. MArketing Plan A plan by which you develop to gain plan recognition. Differentiate Becoming different in your approach through growth and development. Economic farm All the properties in a particular price ran...

NAME RECOGNITIONComes from developing a marketing plan that is outside the box, something that separates you from others. Devising a 12 Month Marketing PlanA key habit of successful, professional agents. Planning in advance not only allows you to properly budget, it also ensures that you do not o...

1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has ...

Real property taxes in Florida are paid to:the local governments, cities and counties A Planned Unit Development (PUD) is best described as a (an):area more dense than residential zoning, designed to maximize development by using green space. Which of the following would terminate an offer?The of...

With a customer wantsIn virtually all cases, agents are responsible for delivering... Form utilityDescribes how property is made available when and where the customer wants it Place strategyWhen considering the best media to reach the target market, the agent is addressing? Place utilityProperti...

A real estate licensee has a buyer agency agreement. What is the seller in this situation?A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform?He must exercise his option unde...