Aceable real estate - Study guides, Class notes & Summaries

Aceable Real Estate Georgia Pre-Licensing ALL KEY TERMS DANIEL (QUESTIONS WITH COMPLETE Solutions!!

A married couple purchased a primary residence for $600,000 in 2015. They lived there for seven years. In 2022, they sold the property for $1,000,000. How much profit will they owe capital gains tax on? - 0 What is a REALTOR®? - a member of the National Association of Realtors®. Which of the following is NOT a category of the NAR® Code of Ethics? - Duties to lenders Select the statement that describes why trade fixtures are considered personal property. - Trade fixtures are items tha...

ACEABLE REAL ESTATE FL STUDY GUIDE QUESTIONS AND ANSWERS, GRADED A+/ record his subdivision plat map Reuben is developing and building upon a piece of land. He acquires the land, subdivides it, and ensures it is usable. Generally speaking, what should Reuben's next step be? The lender, a local credit union, requires an appraisal that adheres to USPAP standards to move forward with the transaction In which of these situations could Irma, with her real estate sales license in Florida, a...

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST

Aceable Agent Texas Real Estate Principles I Question and answer 100% correct 2023Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes tha...

Aceable Real Estate Questions with Correct Answers.

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST Questions And Complete Answers What is the word used to describe something valuable that each party exchanges in order to demonstrate that they agree to the contract's terms? consideration In which type of residential property does a resident hold no actual ownership in the property, but instead holds a proprietary lease as a stockholder? co-op Where do the funds in the Real Estate Recovery Trust Account come from? license holde...

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST WITH COMPLETE SOLUTIONS A married couple purchased a primary residence for $600,000 in 2015. They lived there for seven years. In 2022, they sold the property for $1,000,000. How much profit will they owe capital gains tax on? -answer0 What is a REALTOR®? -answera member of the National Association of Realtors®. Which of the following is NOT a category of the NAR® Code of Ethics? -answerDuties to lenders Select the statement that de...

ACEABLE REAL ESTATE GEORGIA SECTION 1 CHAPTERS 1- 7 EXAM QUESTIONS AND ANSWERS, RATED A+/ 2 Rights that are a package deal - -Right to Control and Right to encumber These are often rolled into one under Right to Control 2 types of FEE SIMPLE ESTATES - -Absolute estates Defeasible estates 2 types of FREEHOLD ESTATES - -Fee simple Life Estate 2 types OF Freehold estates - -Fee Simple Life Estate 3 Characteristics of Determinable - --The estate will come to an END AUTOMATICALLY AND imm...