100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 $13.99
Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. Champions School Of Real Estate
  4.  
  5. Champions school of real estate

Examen

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024
 0 veces vendidas
  • Grado
  • Champions school of real estate
  • Institución
  • Champions School Of Real Estate

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 3 Physical Characteristics of Land - Answer -Indestructibility or durability Immobility Non homogeneity Mortgage Lending - Answer -business of providing money to individuals or corporations for the c...

[Mostrar más]

Vista previa 4 fuera de 129  páginas

Información del documento

  • 18 de mayo de 2024
  • 129
  • 2023/2024
  • Examen
  • Preguntas y respuestas

Temas

  • principles of real estate champions 2024
  • principles of real estate champions 2025
  • 3 physical characteristics of land answer indes

Escuela, estudio y materia

  • Champions school of real estate
  • Champions school of real estate

Vendedor

avatar-seller
AdelineJean

Comentarios recibidos

Vista previa del contenido

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 3 Physical Characteristics of Land - Answer -Indestructibility or durability Immobility Non homogeneity Mortgage Lending - Answer -business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - Answer -Residential Mortgage Lenders Originator Property Management - Answer -Management of residential and commercial properties on behalf of owner/investor Apartment Locators - Answer -Locates rentals of tenants in multi -family complexes. Has knowledge of amenities of all complexes in the market area. Paid a fee by apartment complex for referals Home Inspectors - Answer -Inspects properties for habitability including HVAC, Plumbing, electrical and construction methods Real Estate Development - Answer -Involves the acquisition of land for development into residential subdivisions, retail center and commercial uses Oil and Gas Landman - Answer -Negotiates oil and gas leases with mineral owners. Title work to determine mineral ownership TREC - Answer -Texas Real Estate Commision Education Standards Advisory Cmte - Answer -12 members -7 brokers, 4 education board members, 1 public member. Reviews and revises curriculum standards, course requirements. NAR -National Association of Realtors - Answer -Largest professional organization for RE profs. Divided into State and Local boards. Operates the MLS IREM -Institute of RE Mgmt - Answer -Intl cmte of RE managers. CCIM -Certified Commercial Investment Memeber - Answer -Est 1954. Furthers business practices through education and networking SIOR -Society of Industrial and office realtors - Answer -Professional affiliate of the NAR. Specializes in industrial, office, sales managers, executive manager or advisory service ICSC -International Council of Shopping Centers - Answer -Purpose is to advance the shopping center industry. Promotes commercial distribution of consumer goods and service BOMA -Building Owners and Managers Assoc - Answer -Member are building owners, managers, developers, leasing professionals, corporate facility managers, asset managers, and providers of products and services to operate commercial properties Land is developed... - Answer -by appearance, location and scenic value Land is described... - Answer -by utility and suitability for a specific use Land and Real Estate property - Answer -must be described in a distinguishable manner from personal property. 4 Economic Characteristics of Land - Answer -Scarcity Modification Fixity Situs Indestructibility or durability - Answer -Land cannot be destroyed Immobility - Answer -land cannot be moved, owner must go to the land Non -homogeneity - Answer -no 2 parcels of land is the same. Scarcity - Answer -supply and demand. Shortage of what people want price goes up; less land price increases, more land price decreases Modification - Answer -value is affected by man -made changes to the land itself or offsite improvements Fixity - Answer -land and addition to land take a long time to pay for themselves. Situs - Answer -Location of property or land from and economic not geographic viewpoint value - Answer -fair return in goods, services or money for something exchanged. The monetary worth of something. Real Estate Value - Answer -determined by personal preference which is subjective Supply and demand - Answer -high demand=low inventory, price increases Low Demand=high inventory, price decreases Supply is restricted by - Answer -Land costs construction taxation economics building and zoning ordinances Growth policies of cities Demand is affected by - Answer -Growth in employment transportation systems personal preference availability in credit Federal Govt policy Value is affected by - Answer -Federal income Tax policy supply of money monetary policy of fed reserve interest rates Local economic cycles and RE values are affected by - Answer -Availability of employment population trends availability of trained workforce local govt policy Agency Law - Answer -Relationship between parties to a transaction -salesperson, brokers and others. Level of service provided by presence or lack of agency agreement with broker Contract Law - Answer -License holder understands elements of a contract Assist in creation of a valid and enforceable agreement Understand different forms of property ownership Common Law - Answer -Law based on common sense and local custom Statutory law - Answer -Law and regulation enacted by federal and state legislation TRELA -Texas Real Estate Licencing Act - Answer -Protects public against unscrupulous broker and agents TREC Texas Real Estate Commission - Answer -created in 1949 9 member commission, appointed by governor, serves 6 year term, 6 members are RE brokers, 3 Members are public Appraisal - Answer -Providing a professional opinion of the value of real propery RMLO's in TX are licensed through the - Answer -Texas Dept of Savings and Mortgage Lending Land - Answer -Surface of the earth extending to the center and upward above the surface to infinity, includes natural things -trees, crops and water Real Estate - Answer -all that is encompassed in land, with the addition of all man -made additions to the land, such as roads, houses and commercial buildings Real Property - Answer -includes the rights that a person has in the land, goes beyond physical real estate Severable - Answer -common for different individuals to own different rights of the same piece of land; surface owners do not own the subsurface rights to their property. Surface rights - Answer -owner has right to improve or develop the surface and use resources extracted from or near the surface, including stone, gravel, water and limestone subsurface rights - Answer -include the rights to oil, gas and other minerals, commonly conveyed through a lease, mineral deed or by reservation Air rights - Answer -extend above the surface without limitation, can be leased, sold or mortgaged. prohibit any activity that blocks the view of a building, cell phone transmitter tower or billboard Solar access - Answer -property owners have a right to reasonable amount of sunlight for heating. roman law dating back 2000 years Surface rights - Answer -transferred to new owners in total Royalty rights - Answer -right to collect a royalty for oil and gas production Executive Rights - Answer -right to execute a contract or lease for the exploration of oil and gas Bundle of Rights - Answer -Rights that are associated with the ownership of real property are often referred to as the owners. homeowner's costs of ownership includes - Answer -Mortgage, taxes, repairs and maintenance, interest, insurance, utlilites

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AdelineJean. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Empieza a vender

Vistos recientemente

Examen ·

(0)

APEA 3P 2.0 EXAMS NEWEST AND LATEST UPDATED MULTIPLE QUESTIONS WITH CORRECT ANSWERS GRADED A+

Examen ·

(0)

Pharmacology ATI Learning Systems RN: Pharmacology Final Test Latest with All Correct Answers

Resumen ·

(0)

Goede samenvatting van ALLE clips en hoorcolleges OVO; Organisatieverandering en Ontwikkeling !

Examen ·

(0)

CLN 251/252 Configuring the Epic End User Clinical/Shared (End of Chapter and eLearning) Rated A+

Examen ·

(1)

2023 AQA AS COMPUTER SCIENCE 7516/1 Paper 1 Question Paper & Mark scheme (Merged) June 2023 [VERIFIED]

Lote ·

(0)

Edexcel A level Economics Theme EXAM BUNDLE(COMPLETE PACKAGE)2024 Questions & Answers 100% Correct!

Examen ·

(0)

RMC PMP 2023 (This set details Rita Mulcahy's PMP Exam Prep Tenth Edition) Updated And Graded A+

Examen ·

(0)

Massachusetts 1B Hoisting License Exam Prep Questions And Answers Latest Updated 2024/2025 | Scored A+

Examen ·

(0)

Pathophysiology (Mod 5/6) Sensory/Respiratory Disorders - Exam 3 Questions With Complete Solutions

$13.99
  • (0)
Añadir al carrito
Añadido