What is real estate - Study guides, Class notes & Summaries

Real Estate Final Exam (150 Questions) #1 100% Correct Answers 2023 A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? If the te...

REAL ESTATE U GEORGIA EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Single family homes are? - -Private freestanding residential houses. Property types are generally categorized by the ...... that applies to that property. - -Zoning laws Schools and churches are considered....... Properties? - -Special purpose A lack of supply is known as? - -scarcity Candidates taking a licensee exam who are eligible active duty military and reserve personnel receive a...? - -5 point credit ...

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...

Hondros- Ohio Real Estate Principles and Practices Study Questions with Answers (Verified Answers) When may a person use the term REALTOR? What are advantages to a career in real estate sales? What is a disadvantage of a career in real estate sales? Most sales persons are hired as? Which is an area of specialization within real estate sales? The professional organization new licensees must join if their sponsoring broker is a member is the...... A real estate property manager Un...

Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas (Ans - C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: A. another executor B. a legate...

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting Which of the...

What must you have signed by the customer before entering into a contract on a property that is currently under an active wdo warranty? - Form 13671 (consumer consent form) The eastern sub termite belongs to what family? - Rhinotermitidae Drywood and dampwood termites belong to the family? - Kalotemritidae according to the revised taxonomy of termites, these insects belong in the order ____ along with cockroaches - Blattodae the Old House Borer is a example of? - Longhorned wood borer whi...

Florida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectFlorida Real Estate Exam 2023-2024 Questions and Answers 100% CorrectBinder deposit shows up as what on closing statement? - ANSWER-Credit to buyer Which of the following is true about leverage? - ANSWER-Leverage is the use of borrowed funds to purchase assets. Which of the following li...

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

What are the classes of Property? - Personal Property and Real Property What is personal property? - Generally movable and unattached items. What is a trade fixture? - Personal property used for a person's business. (even if it attached to the real estate) What is Fructus Industriales? - Crops also known as chattle. What general categories does personal property fall under? - Intellectual, reputation, leases, partnership interests. Real Property - Everything within a specified bl...