Brokers price opinion bpo - Study guides, Class notes & Summaries

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

Nevada Real Estate Exam Prep Questions How much time is given to pass the NV salesperson exam? ️️4 hours - 240 minutes or 4 hours total How many continuing education hours are required? ️️24 hours - State of NV requires salesperson to complete 24-hours of continuing education every 2 years in each 4 year licensing term In order to obtain a NV real estate license you must have a HS diploma? ️️True - you must have a HS diploma or equivalent What is the main purpose of the E...

Absentee Owner - ANS A property holder who does not reside on the property and who usually relies on a property manager to manage the investment. Appraisal - ANS The process of developing and communicating an estimate of a property's Appraiser - ANS Appraisers charge a fee based on the time and difficulty of the appraisal assignment and are not paid commission. Broker Price Opinion (BPO) - ANS A broker's written opinion of the value of a particu...

Florida Real Estate U Final Exam Guaranteed Success 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? Farming methods include Direct Mail and...

FLORIDA Real Estate Pre-license Exam RReal Estate Business - ANSWER Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - ANSWER Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After tit...

WV Real Estate FINAL EXAMThe purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - correct answer protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the ...

Real Estate Class Test Review Questions and answers, VERIFIED/ Absentee Owner - A property holder who does not reside on the property and who usually relies on a property manager to manage the investment. Appraisal - The process of developing and communicating an estimate of a property's Appraiser - Appraisers charge a fee based on the time and difficulty of the appraisal assignment and are not paid commission. Broker Price Opinion (BPO) - A broker's written opinion of the value of a...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

FLORIDA Real Estate Pre-license Exam Review | 2023/24 Real Estate Business - Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After ...

Florida Real Estate Sales Associate Preparation Exam Review Questions and answers, rated A+ Real estate brokerage - business of bringing together buyers & sellers, owners & renters, & completing real estate transactions residential - real estate as 4 or fewer residential units, vacant land zoned for 4 or fewer units, or agricultural property of 10 or fewer acres Division of Real Estate (DRE) - supports the Commission (FREC). under the Dept. of Business & Professional Regulation (DBP...