Exam (elaborations) Chapter 16 Gold Coast Real Estate Homework Exam Questions with 100% Verified Answers Exam (elaborations) Chapter. 4 Gold Coast Real Estate Homework Exam Questions with Correct Answers Exam (elaborations) EOC test for gold coast real estate course exam questions with correct...
[Show more]
Prorating Rent - Answer-paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees. - Answer-1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Re...
Preview 3 out of 24 pages
Add to cartProrating Rent - Answer-paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees. - Answer-1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Re...
Who owes fiduciary duties in a single agency relationship? - Answer-The broker only. All of the following activities are exempt from the requirement to provide disclosures under the brokerage relationship disclosure act, except - Answer-Showing property to a party that is not being represented. ...
Preview 2 out of 15 pages
Add to cartWho owes fiduciary duties in a single agency relationship? - Answer-The broker only. All of the following activities are exempt from the requirement to provide disclosures under the brokerage relationship disclosure act, except - Answer-Showing property to a party that is not being represented. ...
1. The real estate market is local in nature what does that mean? - Answer-Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. ...
Preview 3 out of 17 pages
Add to cart1. The real estate market is local in nature what does that mean? - Answer-Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. ...
Dual Agent (Limited Agent) - Answer-When the agent is representing both principles in the transaction with their informed consent. Absentee Owner - Answer-property owner who does not reside on the property & who often relies on a professional property manager to manage the investment Appraisal...
Preview 2 out of 15 pages
Add to cartDual Agent (Limited Agent) - Answer-When the agent is representing both principles in the transaction with their informed consent. Absentee Owner - Answer-property owner who does not reside on the property & who often relies on a professional property manager to manage the investment Appraisal...
Buffer zone - Answer-A planned neutral space between two different types of zoning categories Building codes - Answer-establish minimum standards for materials and construction methods Building inspections - Answer-Designed to ensure that the contractor is completing construction in accordance...
Preview 2 out of 12 pages
Add to cartBuffer zone - Answer-A planned neutral space between two different types of zoning categories Building codes - Answer-establish minimum standards for materials and construction methods Building inspections - Answer-Designed to ensure that the contractor is completing construction in accordance...
Farming - Answer-Specialized in one geographic area. (Ch1) They must be able to analyse financial statements and understand balance sheets - Answer-Licensees involved in business opportunity brokerages (Ch1) Accounting - Answer-Real Estate licensees are expected to be knowledgeable in all of t...
Preview 3 out of 16 pages
Add to cartFarming - Answer-Specialized in one geographic area. (Ch1) They must be able to analyse financial statements and understand balance sheets - Answer-Licensees involved in business opportunity brokerages (Ch1) Accounting - Answer-Real Estate licensees are expected to be knowledgeable in all of t...
Farming - Answer-Practicing a certain type of real estate or focusing real estate in a certain area. Property Transfer, Evaluation/Market Conditions, & Marketing - Answer-What 3 areas should all licensees be experts in? Tract Building - Answer-When a developer acquires a large tract of land an...
Preview 2 out of 10 pages
Add to cartFarming - Answer-Practicing a certain type of real estate or focusing real estate in a certain area. Property Transfer, Evaluation/Market Conditions, & Marketing - Answer-What 3 areas should all licensees be experts in? Tract Building - Answer-When a developer acquires a large tract of land an...
What is the form you sign that says you will pay the loan back ? - Answer-promissory note What is the post licensing grace period after first expiration ? - Answer-none Deposits is a form of... - Answer-valuable consideration Physical land and improvements - Answer-real property Is it a ...
Preview 2 out of 12 pages
Add to cartWhat is the form you sign that says you will pay the loan back ? - Answer-promissory note What is the post licensing grace period after first expiration ? - Answer-none Deposits is a form of... - Answer-valuable consideration Physical land and improvements - Answer-real property Is it a ...
What is Farming? - Answer-Agent dominates specific area/neighbourhood/town Also known as door to door. What are the three areas sales associates must be experts in? - Answer-Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Indust...
Preview 2 out of 13 pages
Add to cartWhat is Farming? - Answer-Agent dominates specific area/neighbourhood/town Also known as door to door. What are the three areas sales associates must be experts in? - Answer-Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Indust...
actual notice - Answer-own it Constructive notice - Answer-record something in public records How Is Real Estate Recovery Funded ? - Answer-by fees & fines Eminent Domain - Answer-government has right to take away public use citizens can't refuse to sell) immune properties - Answer-gove...
Preview 2 out of 11 pages
Add to cartactual notice - Answer-own it Constructive notice - Answer-record something in public records How Is Real Estate Recovery Funded ? - Answer-by fees & fines Eminent Domain - Answer-government has right to take away public use citizens can't refuse to sell) immune properties - Answer-gove...
one acre equals - Answer-43,560 square feet One mile is how many feet - Answer-5280 feet Plat or recorded plat is also known as - Answer-Lot and block Assessor's parcel number (APN) is - Answer-A number that is assigned to a parcel of real property by a county property assessor to uniquely...
Preview 2 out of 13 pages
Add to cartone acre equals - Answer-43,560 square feet One mile is how many feet - Answer-5280 feet Plat or recorded plat is also known as - Answer-Lot and block Assessor's parcel number (APN) is - Answer-A number that is assigned to a parcel of real property by a county property assessor to uniquely...
How long must a broker maintain records/files - Answer-5 years (2 years after court proceeding) Registered with DBPR, at least one room, records kept there, may be in broker's home if zoning permits - Answer-Broker office requirements. Deposit accompanying offer - Answer-Earnest money. Com...
Preview 3 out of 17 pages
Add to cartHow long must a broker maintain records/files - Answer-5 years (2 years after court proceeding) Registered with DBPR, at least one room, records kept there, may be in broker's home if zoning permits - Answer-Broker office requirements. Deposit accompanying offer - Answer-Earnest money. Com...
Some economists believe that real estate is _____ the GDP of the US - Answer-1/3 A ______ is a business in which real estate related activities are performed under the authority of license real estate_____ - Answer-real estate brokerage and Broker A_____ works for the broker - Answer-sales ass...
Preview 4 out of 39 pages
Add to cartSome economists believe that real estate is _____ the GDP of the US - Answer-1/3 A ______ is a business in which real estate related activities are performed under the authority of license real estate_____ - Answer-real estate brokerage and Broker A_____ works for the broker - Answer-sales ass...
real estate brokerage - Answer-business in which real estate related activities are performed under authority of a licensee real estate broker. broker - Answer-agent or intermediary between 2 or more people in the negotiation of a sale, purchase or rental in real estate sale associate - Answer...
Preview 2 out of 15 pages
Add to cartreal estate brokerage - Answer-business in which real estate related activities are performed under authority of a licensee real estate broker. broker - Answer-agent or intermediary between 2 or more people in the negotiation of a sale, purchase or rental in real estate sale associate - Answer...
Tract building - Answer-When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer-Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role ...
Preview 2 out of 11 pages
Add to cartTract building - Answer-When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer-Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role ...
Which of the following statements is true regarding a mortgage loan originator? - Answer-A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? - Answer-The time and difficulty of the appraisal Which ...
Preview 3 out of 22 pages
Add to cartWhich of the following statements is true regarding a mortgage loan originator? - Answer-A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? - Answer-The time and difficulty of the appraisal Which ...
to which organization is real estate tax most important? A. The federal government b. The state government c. At the local government D. Local nonprofit - Answer-C. At the local government What does the country property appraiser determined? A. Tax rate B. Market value C. Assessed val...
Preview 2 out of 13 pages
Add to cartto which organization is real estate tax most important? A. The federal government b. The state government c. At the local government D. Local nonprofit - Answer-C. At the local government What does the country property appraiser determined? A. Tax rate B. Market value C. Assessed val...
Real estate - Answer-Physical, tangible, immobile. Includes the earth's surface, subsurface, the air above the surface, anything growing on the land, attached to the land, and any improvements to land Real Property - Answer-Includes the physical land and improvements as well as legal rights to o...
Preview 2 out of 13 pages
Add to cartReal estate - Answer-Physical, tangible, immobile. Includes the earth's surface, subsurface, the air above the surface, anything growing on the land, attached to the land, and any improvements to land Real Property - Answer-Includes the physical land and improvements as well as legal rights to o...
Common Law, Statutory, and Administrative Law - Answer-Types of Laws Unwritten law; based on the decision of civil courts - Answer-Common Law Civil courts may impose fines of compensatory damages and in some cases punitive damages. - Answer-Agency Law civil fines - Answer-Compensatory damag...
Preview 2 out of 11 pages
Add to cartCommon Law, Statutory, and Administrative Law - Answer-Types of Laws Unwritten law; based on the decision of civil courts - Answer-Common Law Civil courts may impose fines of compensatory damages and in some cases punitive damages. - Answer-Agency Law civil fines - Answer-Compensatory damag...
1919: - Answer-California enacted the first real estate license law 1923: - Answer-Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: - Answer-FREC was created to administer & enforce law. 1941: - Answer-Real estate license law was designa...
Preview 3 out of 16 pages
Add to cart1919: - Answer-California enacted the first real estate license law 1923: - Answer-Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: - Answer-FREC was created to administer & enforce law. 1941: - Answer-Real estate license law was designa...
what are the areas a realtor should be an expert in? - Answer-Marketing Valuation & Market Conditions Property Transfer
Preview 2 out of 15 pages
Add to cartwhat are the areas a realtor should be an expert in? - Answer-Marketing Valuation & Market Conditions Property Transfer
Statutory Law Statutory law is enforced by - Answer-criminal courts. Administrative Law Statutes can authorize the creation and operation of administrative agencies to administer and enforce certain laws. Name the agencies Chapter 455 created the ___ Chapter 475 created the ___ - Answer-Chapt...
Preview 2 out of 13 pages
Add to cartStatutory Law Statutory law is enforced by - Answer-criminal courts. Administrative Law Statutes can authorize the creation and operation of administrative agencies to administer and enforce certain laws. Name the agencies Chapter 455 created the ___ Chapter 475 created the ___ - Answer-Chapt...
what are the 3 areas that a licensee is required to have expert knowledge? - Answer-property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model centre from which sales are made is called? - Answer-tract building f...
Preview 3 out of 23 pages
Add to cartwhat are the 3 areas that a licensee is required to have expert knowledge? - Answer-property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model centre from which sales are made is called? - Answer-tract building f...
Who owes fiduciary duties in a single agency relationship? (a) The broker only (b) The principal only (c) Both parties (d) Neither party - Answer-(a) The broker only All of the following activities are exempt from the requirement to provide disclosures under the Brokerage Relationship ...
Preview 3 out of 22 pages
Add to cartWho owes fiduciary duties in a single agency relationship? (a) The broker only (b) The principal only (c) Both parties (d) Neither party - Answer-(a) The broker only All of the following activities are exempt from the requirement to provide disclosures under the Brokerage Relationship ...
What type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - Answer-(b) Market How is investment value best defined? (a) The value to an individual (b) The highest price a property would sell for in an open market (c) The value based...
Preview 3 out of 17 pages
Add to cartWhat type of value does an appraiser most commonly estimate? (a) Book (b) Market (c) Insurable (d) Condemnation - Answer-(b) Market How is investment value best defined? (a) The value to an individual (b) The highest price a property would sell for in an open market (c) The value based...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
No, you only buy these notes for $37.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
78600 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
