A realtor must - Study guides, Class notes & Summaries

What has a large tract of land and is designated for unit development rather than for a single use? Correct Answer Planned Unit Developments (PUD) Housing What type of leverage occurs when the rate of return exceeds? Correct Answer Positive Leverage What is the APR when you have 10% Loan + 6 points? Correct Answer APR = 10.75% (Remember Divide 6 by 8 years which gives you .75) Somebody that owns a property until they die is what type of ownership? Correct Answer Life Estate The grant...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

Florida Real Estate U Final Exam Answered 2023/2024 Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect?...

In the State of Texas who is allowed to use a customized real estate contract? The real estate brokerage company The salesperson The broker Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. Offer and acceptance issue Competency issue Consideration iss...

Gold Coast Real Estate Practice Final Exam (Questions/Answers) Realtor Correct Ans - 100 test A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? Correct Ans - $39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 Correct Ans - 3,000 what i...

Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - Answer-All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? - Answer-what a sales associate does for buyers and sellers after the sale E...

What would prevent a seller from providing marketable title - Mechanics lien The seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds - This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include - the name of the MLS According to the New Jersey Real estate Licensing Laws, which of the following is a requirement for any ...

How many hours required to complete continuing education - 14 hrs. Experience requirement for a sales associate applying for a FL broker license - Must have worked as a licensed sales associate for an active real estate broker for 24 months of proceeding 5 years Realtor - National Assoc. Is voluntary only membership entitles the use of the term Realtor

Florida Real Estate Exam Practice Questions 2024 Questions and Answers 100% Pass Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - Correct Answer ️️ -b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given b...

Iowa Real Estate Exam Prep Questions and Answers Already Passed Corn stored in a grain bin is considered real property False Kitchen cabinets, a furnace, or bathroom appliances are considered real property after they have been installed as improvements to the home, even though at one time they were personal property True A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales a...