Aceable agent Parties Relationship Question with Respective Solutions 2023/2024

Aceable agent Parties Relationship Question with Respective Solutions 2023/2024 Who is it important to make relationships with in real estate - correct answer Lenders, builders, local business lenders Why is it important to make relationships in real estate? - correct answer to help get more referrals in different times of a transaction Relationships are safety net and an asset in real estate especially when the market is down, in order to always have good relationships you have to... - correct answer Market yourself What is the most consistent factor that affects the real estate market? - correct answer Supply & Demand What is a sellers market? - correct answer when there are few homes on the market then its a sellers market What is a buyers market? - correct answer if there are more homes on the market then it is a buyers market What are some seller's market characteristics? - correct answer challenging to get a buyer offer accepted with out having to pay too much above the listing price. Most likely won't get a home for cheaper then the listing price. What are some characteristics in a buyer's market? - correct answer Sells prices are more negotiable, supply is high, and there are better deals on a piece of real estate What is a brokerage? - correct answer the physical business that oversees consummating and completing real estate transactions What are agent's responsibility in a brokrage - correct answer fulfill agent client contracts seek out other parties provide good appropriate advise confidentiality compliance What are the different type of residential properties? - correct answer single - family residences vacations properties multi - family properties town houses condominiums apartment buildings manufactured homes