Sales agent - Study guides, Class notes & Summaries

Florida Real Estate Class Final Exam(question and answers)2023A Business Broker - correct answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - correct answer Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - correct answer Cust...

Which of the following would create legally binding acceptance of a written offer? -The seller's agent emails the buyer's agent that the seller signed the offer as written. A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... -Add $22,500 to the sales price of the comparable property. An option to purchase has bee...

Who licenses real estate inspectors? CORRECT ANSWER TREC The role of sales agent in disclosing property condition: CORRECT ANSWER agent must refrain from giving an opinion of the condition of the property or the validity of any findings in the report. Sales agents responsibility to explain the inspection process. TREC standards of practice - what properties are covered CORRECT ANSWER resales or substantially completed houses. Inspection of houses under construction is a growing segment. ...

Maine Real Estate Sales Agent Abstract of title ️A title exam summary prepared from the records in the registry of deeds Acceleration clause ️When the borrower defaults it allows the lender to call the entire principle balance due Accounting for funds - property management ️Fixed expenses - insurance and property taxes Operating expenses - day to day operation Reserve funds - major expenses for the future Accretion ️Process by which brook, river or stream or oceanic acti...

All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed the broker required education.. (90 hours) -The overall requirement is 180 hours which would have bee...

Gold Coast FINAL EXAM STUDY SET for 4/11 Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified) what are the the areas a realtor should be an expert in? Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a cri...

UNITED HEALTHCARE (UHC) – ETHICS AND COMPLIANCE LATEST 2023-2024 EXAM| ACTUAL QUESTIONS AND VERIFIED ANSWERS Version 2 |A+ GRADE Q: John has Power of Attorney to act on behalf of his mother. What does that mean when it comes to his mother enrolling in a Medicare Advantage Plan? Answer: John may sign the Enrollment Application and must be able to provide documentation upon request by the Plan that indicates his authority under state law to enroll his mother. Q: In which of the...

Mastery Exam, Car Sales Test Colorado Exam | 257 Questions and Verified Answers (GRADED A) (LATEST UPDATE 2024 GRADED A+. The license of a motor vehicle salesperson or power-sports salesperson may be denied, revoked or suspended on any of the following grounds except: b) advertising a salvaged vehicle while identifying the vehicle as a salvage vehicle According to colorado law, which of the following must be licensed as a motor vehicle dealer and or powersports dealer? d) All of the above ...

What is a legal description that starts at the point of beginning, describes the property's boundaries, and returns to the point of beginning? A. A lot and block description B. A metes and bounds description C. A recorded plat D. A government survey system - ANSWERSRationale: B is the correct answer. Where the survey starts is called the point of beginning (POB) or point of commencement (POC), and the survey must always return to the POB to enclose the entire property. The surveyor refers...

An example of an appurtenance to land is: A. An easement in gross B. A bill of sale C. An assignment D. A sublet - ANSWERSRationale: A is the correct answer. Appurtenances are those rights, privileges, and improvements that belong to and pass with the transfer of real property but are not necessarily a part of the property, such as rights-of-way, easements, water rights, and property improvements. An easement that is not created for the benefit of the land owned by the owner of the easement....