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Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 C - answer1. The Truth in Lending Act covers credit extended for a a. business or commercial transaction. b. large apartment building. c. mobile home which is used as a residence. d. loan secured by a car valued at $30,000. ...

Principles of Real Estate 1 Exam With 100% Correct Answers Which of the following actions does not violate the Texas Real Estate License Act? - answerDisclosing all known facts pertaining to a property to a client The aspect of real estate business that is concerned with bringing together the pa...

Principles of Real Estate 2 Exam With 100% Correct Answers Externalities - answerThe unaccounted effects that a land use imposes on surrounding parcels Comprehensive Plan - answerA local government's general guide to a community's growth and development based on the community's goals and obj...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 The purpose of the Texas real estate license act is - answerTo protect the public again on scrupulous brokers and salesman Climate views axis to natural re-creating good schools and job opportunities are some factors that contribut...

Principles of Real Estate 1 Exam With 100% Correct Answers The education standards advisory committee is made up of? - answer12 Members The commission issues a license to a salesperson after? - answerthe person has met all off the requirements for a license A deed is used to transfer ownership ...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 While listing the property with you, the seller asks "Who sets real estate commission rates?" The correct response would be: a. The standard rate is set by TREC. b. The standard commission rate is set state law. c. Long ago, the...

Principles of Real Estate 1 Exam With 100% Correct Answers Appraisal is the business of: (a) Acquisition of land for development into residential subdivisions and retail centers (b) Providing money to individuals or corporations for the conditional transfer or pledge of real estate as security ...

Principles of Real Estate 2 Exam With 100% Correct Answers 2024 What helps overcome the difficulties of objectively estimating the value of properties? - answerAppraisals The approach used as the best indicator of value for existing properties - answerSales Comparison Refers to the loss in des...

Principles of Real Estate 2 Exam With 100% Correct Answers Profit: - answerA financial gain. Making more money selling a product than was spent buying or producing the product. Loss: - answerA financial loss — Making less money selling a product than was spent buying or producing the product....

Principles of Real Estate Exam With 100% Correct Answers 2024 What is personal property called? - answerchattel For commercial properties, for example, sometimes affixed items are considered ________ ________ and are therefore the renter's personal property - answertrade fixtures what is it ca...

Champions Principles of Real Estate Exam With 100% Correct Answers 2024 appraisal - answervalue of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - answerThe percentage of value or sales price that a lender is willing to finance. limi...

Champions Principles of Real Estate 1 Exam With 100% Correct Answers 2024 Leasehold Estates - answerpossession and use of property without ownership Estate for years (tenancy for years) - answerany lease with a specific starting and ending date. Survives the death or sale of the property Period...

Principles of Real Estate 2 Exam With 100% Correct Answers Market cycles, Economic forces, Political actions - answerAppraiser must be aware of.... Principle of Substitution - answerThe principle of appraisal that states "value is influenced by the cost of acquiring a comparable replacement" i...

Principles of Real Estate 1- Champions School of Real Estate Exam with 100% correct solutions a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity ...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 An opinion of value - answerThe appraised value of a property is: assessed value - answerthe amount that your local government determines your property to be worth for tax purposes subject property - answerThe property tha...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 Functional obsolescence - answerRefers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - answerbest indicator of value for existing properties highest and...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 The Truth in Lending Act covers credit extended for a a. business or commercial transaction. b. large apartment building. c. mobile home which is used as a residence. d. loan secured by a car valued at $30,000. - answerC Tr...

Principles of Real Estate 1 Exam With 100% Correct Answers Texas Real Estate Agent - answerA person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? - answerNo. There are two...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 What is a Listing? - answerthe process of getting a property owner to sign a listing agreement with you. Once you have made contact with a customer and you know that they are actually interested in either buying or selling re...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 Eminent domain allows the government to: a. tax private property. b. take private property for compensation. c. use private property. d. none of the above. - answerb. take private property for compensation. A formal disclos...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 1 of 11 - A growing equity mortgage: A. Is an adjustable rate loan. B. Allows quick repayment of the loan through accelerated payments. C. Includes a margin. D. Has a payment cap. - answerB. Allows quick repayment of the loa...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 A dwelling is untenantable if it substantially lacks: (a) a heating unit. (b) windows in every room. (c) a trash compactor. (d) freeway access. - answer(a) a heating unit. A landlord has a right of entry: (a) in an emergen...

Principles of Real Estate Exam With 100% Correct Answers 2024 A hurricane will often shift large quantities of sandy soil from one end of a barrier island to the other. Title to this additional land created by the natural forces of accretion is acquired by the owner through a process called - an...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 To be valid, a listing agreement - answermay be oral or written The type of listing that assures a broker of compensation for procuring a customer, regardless of the procuring party, is a(n) - answerexclusive right-to sell ag...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 A Realtor and Broker are... - answernot the same thing You can be a broker but you may/may not be a _______. - answerrealtor almost all residential brokers are.... - answerrealtors You cannot be a realtor if you are... - answ...

Principles of Real Estate Chap 12 Exam With 100% Correct Answers 2024 Missy, a licensee, desperately wants to be appointed the next California Real Estate Commissioner. For the three years she has held her California real estate license, she has been ranked in the top five in new home sales in h...

Principles of Real Estate Exam With 100% Correct Answers 2024 Items of personal property that are attached or incorporated into the land in such a manner as to become real property are called: - answerfixtures Anything attached to the land, such as buildings, fences, walls, walks and shrubs, are...

Principles of Real Estate Exam With 100% Correct Answers 2024 Zoning is under the control of: - answergovernment agencies Easements appurtenant are for the benefit of: - answeradjoining (neighboring) landowners A contract that is binding and enforceable in a court of law is said to be: - answerv...

Principles of Real Estate Exam With 100% Correct Answers 2024 The Transfer Disclosure Statement (TDS) is required in which type of transaction? A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales involving one-to-four-family dwellings, except for specified exempt...

Principles of Real Estate Chap 2 Exam With 100% Correct Answers 2024 Federal Law - answerGenerally speaking, the law that prevails over State Law. Strictest Standard Rule - answerThis states that the stricter law (Federal vs. State) will prevail and take precedent. Health, Safety, and Welfare o...

Principles of Real Estate Exam With 100% Correct Answers 2024 If a person dies without a will, the procedure for transferring the deceased's property to his or her heirs is called: - answerintestate succession An oath or affirmation made before a notary public that the content of an instrument ...

Principles of Real Estate Final Exam With 100% Correct Answers 2024 1. One of the elements of a valid contract is mutual consent—an offer and an acceptance. A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. b. broker is notified of the sell...

Principles of Real Estate Exam With 100% Correct Answers 2024 real property - answerresidential, commercial, mixed use, industrial, agricultural, special purpose 1949 - answerTexas Real Estate License Act was passed in Legislative Acts - answerrules and regulations adopted by government agencie...

Principles of Real Estate Exam With 100% Correct Answers 2024 real property - answerresidential, commercial, mixed use, industrial, agricultural, special purpose 1949 - answerTexas Real Estate License Act was passed in Legislative Acts - answerrules and regulations adopted by government agencie...

Principles of Real Estate Exam With 100% Correct Answers 2024 In the real estate business, which professional's primary role is to make improvements to land? - answerReal estate developer Hotels, motels, golf courses, resorts, and sporting arenas belong to which of these property categories? -...

Principles of Real Estate Exam With 100% Correct Answers Loss of value due to lack of modernization is called: - answerFunctional obsolescence The __________ is considered the most reliable approach to value because it is based on verifiable market events. - answerSales comparison approach A lo...