Aceable property agent - Study guides, Class notes & Summaries

Aceable Principles 1 combined Exam Questios with 100% Correct Answers BPO - answerbroker's price opinion. process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. Reasons for a BPO. 1. The people in the home have asked to refinance the home and the lender does not want to pay for a full appraisal, but they do want to have some assurance that the home is valued at or above what the loan will be. 2. The people in the house...

Aceable Principles 1 combined Exam Questios with 100% Correct Answers BPO - answerbroker's price opinion. process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. Reasons for a BPO. 1. The people in the home have asked to refinance the home and the lender does not want to pay for a full appraisal, but they do want to have some assurance that the home is valued at or above what the loan will be. 2. The people in the house...

Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

ACEABLE AGENT PRINCIPLES OF REAL ESTATE 2 QUESTIONS AND ANSWERS, GRADED A+/ 100 lots or more - -The Interstate Land Sales Full Disclosure Act is applicable to developers involved in the Interstate sale or lease of: 5280 feet - -1 mile A developer - -Develops unimproved land prior to resale or lease A subdivider - -Divides unimproved land into smaller parcels for resale or lease Absolute Auction - -also known as a no-reserve auction, it is an auction in which there is no reserve or rest...

Aceable Law of Agency Review Exam Questions with 100% Correct Answers Here are the four major types of agency acts: - answerListing Buying Leasing Property Management TREC's purpose is to - answerregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds their characte...

Aceable Agent Principles of Real Estate 2 Exam Questions with Correct Answers Amortization - answerThe repayment of a loan principle over time Arrears - answerPayment for an item or service after it's received Down Payment - answerThe initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - answerThe allocation or distribution of an annual expense across smaller chunks of time Acreage - answerA unit of measurement used ...

Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

Aceable Agent - Texas Real Estate 1 Practice Test Questions With Solutions 100% Correct Severance turn real property into personal property Voidable can be terminated or rescinded by either party Real property refers to the land and improvements on it plus the set of rights associated with real estate ownership. land, and improvements on it plus the set of rights associated with real estate ownership Sponsoring Broker Sales agents accept commission from Counteroffer party makes change...

Aceable Law of Agency Exam Review, Verified Solution Here are the four major types of agency acts: Listing Buying Leasing Property Management TREC's purpose is to regulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity Satisfy to the commission (TREC) that the candidate meets and exceeds their character standards (honesty, trustworthiness, a...

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...