Michigan real estate - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Michigan real estate? On this page you'll find 481 study documents about Michigan real estate.
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Michigan Real Estate Exam with complete solutions
- Exam (elaborations) • 38 pages • 2023
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Michigan Real Estate Exam with complete solutions
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Michigan Real Estate Exam
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What does LARA stand for? - Answer- The Department of Licensing and Regulatory Affairs 
 
What is the purpose of LARA? - Answer- to support business growth and the creation of new jobs by ensuring real estate business structure is fair and efficient 
 
Which of these entities or individuals are responsible for oversight of the Bureau of Professional Licensing? 
1. Department Director 
2. Chief Deputy Director 
3. Director of Professional Licensing 
4. Board of Real Estate Brokers and Salesperson...
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Michigan Real Estate Exam with 100% correct Answers
- Exam (elaborations) • 229 pages • 2023
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Michigan Real Estate Exam with 100% correct Answers
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Michigan Real Estate Exam Questions With Verified Answers |100% Pass
- Exam (elaborations) • 24 pages • 2023
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Michigan Real Estate Exam Questions With Verified Answers |100% Pass
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Michigan Real Estate Exam
- Exam (elaborations) • 15 pages • 2023
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All of the following include a real estate interest except: 
A. Apple trees 
B. Farm equipment 
C. Air rights 
D. Barns - Answer- B. Farm equipment 
 
An owner of a 90 acre parcel of land wishes to split the land without platting. Under the michigan land devision act, how many parcels may this owner get if he does not create any new roads? 
A. 12 
B. 14 
C. 10 
D. 8 - Answer- A. 12 
 
In estimating the value of a single-family home, an appraiser would most likely use which approach? 
A. Income 
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Michigan Real Estate Exam Questions and Answers
- Exam (elaborations) • 23 pages • 2023
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Michigan Real Estate Exam Questions and Answers
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MICHIGAN REAL ESTATE LICENSING EXAM QUESTIONS AND ANSWERS 2024|GUARANTEED SUCCESS
- Exam (elaborations) • 55 pages • 2023
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Allodial System 
The type of land ownership existing in the United States whereby individuals may hold title to real property absolutely. 
 
 
 
Association of Real Estate License Law Official (ARELLO) 
Founded in 1929, a group of real estate license law officials that regulates more than 2 million real estate licensees. 
 
 
 
Feudal System 
A type of land ownership in medieval Europe, whereby only the king could hold absolute title to real property. 
 
 
 
Free Market 
An economic condition in...
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Michigan Real Estate Exam (set 9) Questions and Answers
- Exam (elaborations) • 9 pages • 2024
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Michigan Real Estate Exam (set 9) Questions and Answers 
Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%. Knowing this, what was the original asking price on the home? 
$50,000 
 
To figure this out, take the sale price and divide it by 97% (100%-3% loss=97%). So, $48,500/97% = $50,000. 
 
 
 
A seller was selling an unimproved 1.1-acre lot for $10,000. The seller listed the property ...
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Michigan Real Estate Exam 2023 Questions with correct Answers
- Exam (elaborations) • 20 pages • 2023
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Michigan Real Estate Exam 2023 Questions with correct Answers
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Michigan Real estate exam with answers graded A+
- Exam (elaborations) • 9 pages • 2024
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Michigan Real estate exam with answers graded A+
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