Champion real estate prep - Study guides, Class notes & Summaries

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate)Latest Update Graded A+ Express contract Contract that is written or stated Implied contract Contract by actions or evidence Unilateral Contract binds only one party. Example an option Option contract The right to purchase property within a definite time at a specified price Bilateral contract Exchange of promises, binds both parties. Required elements of a contract 1. Competent parties 2. ...

market - ANSWER-The most significant type of value for real estate licensees is ____________ value. Market value - ANSWER-________________ is defined as the price a willing seller will sell for, and the price a willing buyer will pay, when neither is acting under exceptional pressure. Market value - ANSWER-_______ is also defined as the most probable price. It is most commonly associated with the price a party pays for a property. Demand, Utility, Scarcity & Transferability - ANSWER-Th...

The most significant type of value for real estate licensees is ____________ value. correct answer: market ________________ is defined as the price a willing seller will sell for, and the price a willing buyer will pay, when neither is acting under exceptional pressure. correct answer: Market value _______ is also defined as the most probable price. It is most commonly associated with the price a party pays for a property. correct answer: Market value There are four basic characteri...

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate)

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate) Already Passed!!

Chapter 4 National Real Estate Exam Prep (Champions School Of Real Estate) Questions And Answers With Verified Solutions 100% Correct!!!

Quiz :Real Property - √Answer :land, improvements attached to the land, benefits, rights, and ownership interest that go with the land. Quiz :appurtenance - √Answer :A right, privilege, or improvement belonging to and pass with the land. The landowner owns it. Quiz :improvements - √Answer :man's addition to the land such as buildings and landscaping Quiz :Subsurface, surface ad air rights - √Answer :mineral, air and water rights are all considered part of real property

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate) Already Passed!!

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate) Already Passed!!

Chapter 4 National Real Estate Exam Prep (Champions School of Real estate)Latest Update Graded A+ Express contract Contract that is written or stated Implied contract Contract by actions or evidence Unilateral Contract binds only one party. Example an option Option contract The right to purchase property within a definite time at a specified price Bilateral contract Exchange of promises, binds both parties. Required elements of a contract 1. Competent parties 2. ...