Aceable property agent - Study guides, Class notes & Summaries

Aceable Agent Principles of Real Estate 2 Key Terms Questions With Solutions 100% Correct Proration the allocation or distribution of an annual expense across smaller chunks of time. Appraisal the value of a property, based on factors determined by the opinion of a certified appraiser. General Data information about the area surrounding a property; this could include the city, region, and neighborhood in which the property is situated. Specific Data information regarding the proper...

Aceable Principles of Real Estate 2 Review Questions And Complete Answers Depreciation a concept well known by appraisers, is the loss of value because of obsolescence (becoming obsolete) or deterioration. Depreciation is also tied closely with a property's effective age, Effective Age an estimated age that is influenced by the updates and quality of maintenance of the property. An appraiser's job: a licensed real estate agent cannot perform an appraisal unless they are also a ...

Aceable Agent Questions With Solutions 100% Correct D. commericial property Alberto is a sales associate who is very interested in revenue and profit. A specialization that may serve his interest well is: A. residential property B. agricultural property C. use-based property D. commercial property C. ethics What dictates what is considered acceptable at a higher level? A. individual opinions B. industry standards C. ethics D. laws

Aceable Agent Principles of Real Estate 2 Questions With Solutions 100% Correct Amortization The repayment of a loan principle over time Arrears Payment for an item or service after it's received Down Payment The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration The allocation or distribution of an annual expense across smaller chunks of time Acreage A unit of measurement used to determine the size of land; 1 a...

Aceable Agent Question and answer already passed 2023C. client A real estate agent works exclusively with buyers. They have chosen a specialization that focuses on the: A. geographical area B. commission split C. client D. property type C. sales prices are more negotiable for buyers Which of the following describes a buyers market? A. It's likely a seller can easily sell a home for more than the listing price B. Sellers are less likely to have to pay for closing costs C. Sales p...

Aceable Agent Principles of Real Estate 2 Practice Test Questions With Solutions 100% Correct What does "REO" stand for? "Real Estate Owned" In which of the following cases would a property manager NOT need a real estate license? A property manager who is an on-site apartment manager NOT acting as an agent, leasing the owner's real estate. What is a fee simple subject to a condition subsequent estate? an estate in which the property MUST be used for a specific purpos...

Aceable Agent Principles 1 study notes for final exam Questions With Solutions 100% Correct Littoral rights lank front and ocean front rights Riptorian rights River and streams rights Subsurface rights the rights to the natural resources below the earth's surface trade fixture personal property that is owned and needed for tenants business ad valorem tax tax calculation according to assessed value of piece fo real estate Amortization process of paying off debt/mortgage in regular in...

Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

Aceable Agent Level 1 Property Ownership Chapters 1-4 exam 2023 with 100% correct answers