Real estate figure - Study guides, Class notes & Summaries

RECA Unit 5 Quiz Latest Update Graded A+ Which of the following statements is correct regarding average sale price statistics? 1. The figure depends on the price of properties that sold that month 2. The figure may decrease if fewer expensive properties sold that month 3. The figure may increase if more expensive properties sold that month 4. The figure does not mean the value of any specific property increased/decreased A) Statements I, II and III B) Statement I, III and IV C) St...

REAL ESTATE COLORADO LAW & CONTRACTS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the in the lot in the middle of the street. Which of the following characteristics most likely explains the price difference - -situs When preparing to sell a house using an installment land contract you should: - -have the parties contact an attorney representing one of them to prepare t...

Exam For Texas Real Estate Principles 1 Questions and Answers 2024 There are seven sources of law in the United States, What would be an example of them? Local zoning laws, FHA/VA regulations, court decisions Laws passed by Congress and various other various state legislatures may Authorize agencies to pass rules and regulations to enforce the provisions of law The legal concept of precedent Grew out of common law Constitutional provisions Establish the rights of citizens and delineate...

A broker is performing as a property manager and deposits rent into her operating account. This is an example of which of the following? : The answer is COMMINGLING. Mixing a broker's money with a client's money is commingling (and illegal). A lessee has the greatest protection with a(n) : The answer is ESTATE FOR YEARS. An estate for years locks the holder into the lease for a specific period of time, which cannot be terminated without cause, even if the property is sold. A broker...

Rate - ANSWER The cost per unit. 3 Factors in a percentage problem - ANSWER 1. Amount paid is the amount invested. 2. Rate (%) is the percentage. 3. Amount made is the amount earned. Amount ____ is the amount invested - ANSWER Paid Amount paid is the amount______ - ANSWER invested Rate (%) is the _____ - ANSWER percentage ____ is the percentage - ANSWER rate In percentage problems, one of three factors is missing. There are three rules for finding the missing factor: -...

When selling an individual condominium unit which of the following would be appurtenant to the unit? - Cabinets in the unit Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same property. What form of co-ownership does the law presume? - Tenancy in common Owner's title insurance will cover: - Damages if the title is unmarketable When a city buys real estate they would take title as: - Sole and separate Developer George purchased 5 acres of residential la...

ESB EXAM Study Guide Complete Questions (answered spring 2023) A beekeeper is analyzing the cash flow for his business for the prior year. What was the ending inventory value? A beekeeper wants to start a seasonal business renting hives to farmers to pollinate their orchards and crops. The beekeeper believes the business will cover its own costs after three months, and that start-up expenses for hives, trucking, and other costs through that same time will be $18,000. What is Total Financi...

New Mexico Real Estate Law Exam Questions and Answers A broker is performing as a property manager and deposits rent into her operating account. This is an example of which of the following? - Correct Answer ️️ -The answer is COMMINGLING. Mixing a broker's money with a client's money is commingling (and illegal). A lessee has the greatest protection with a(n) - Correct Answer ️️ -The answer is ESTATE FOR YEARS. An estate for years locks the holder into the lease for a specific ...

A property is listed with Rockwell Realty at $70,000. Rockwell Realty negotiates with Woods who is familiar with the property and who agrees to buy the property at that figure. Rockwell Realty prepares an agreement of sale, which is signed by Woods. Copies are then mailed to Downes, the owner, for signature on May 31, 2014. Downes receives the copies on June 3, 2014. He signs them and mails the signed copies to Woods on June 5, 2014. On June 4, 2014 Woods wired Downes, "Offer withdrawn." Under...

RI Real Estate Law Latest 2023 Graded A+ Abandonment if a landlord doesn't hear from tenant they have to send a notice to their previous address saying if they don't hear from him/her within 7 days then he will recent property. Affiliated licensee licensed real estate salesperson or broker All real estate transactions have to be kept where? Broker's office Any money that is made illegally... can be penalized up to 3X the amount At very first meeting, licensee must disclose... 1. he has ow...