Real Estate Study guides, Class notes & Summaries

Test Bank for Real Estate Principles: A Value Approach, 7th Edition 7e by David Ling and Wayne Archer. ISBN-13: 0185 Full Chapters test bank are included PART 1: SETTING THE STAGE  Chapter 1: The Nature of Real Estate and Real Estate Markets  PART 2: LEGAL AND REGULATORY DETERMINANTS OF VALUE  Chapter 2: Legal Foundations to Value  Chapter 3: Conveying Real Property Interests  Chapter 4: Government Controls and Real Estate Markets  PART 3: MARKET VALUATION AND APP...

REAL ESTATE FINAL EXAM WITH 157 QUESTIONS AND ANSWERS

Real Estate Exam Question & Answer (Latest 2024) Verified! brokerage - CORRECT ANSWER-the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. RMLOs - CORRECT ANSWER-Are also know as mortgage brokers NAR - CORRECT ANSWER-The largest trade organization representing real estate professionals Value - CORRECT ANSWER-A fair return or equivalent in goods, services, or money for something exchanged

Alabama's consumer information booklet can replace the Real Estate Brokerage Services Disclosure form in which situations? Ans: It can never be used to replace the disclosure form. You're working with Angela, your buyer customer. Since there's no agency relationship in place, it's important for her to understand which of the following? Ans: You represent the seller. Which of the following options is something that you would only do for a buyer client and not a buyer customer? Ans:...

REAL ESTATE MARKETING: POWER HOUSE MARKETING TEST WITH COMPLETE SOLUTIONS

Less than Freehold Estate Ans: a limited period of time Estate for years Ans: Lease for a definite period of time Periodic Tenancy Ans: A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week to week, month to month, or year to year. Estate at will Ans: A lease that can be terminated by either party at will, without notice (ends any time) Estate at Sufferance Ans: Tenant remains on the property, without the landlord's permission, a...

Leisure property Ans: Includes hotels motels golf courses resorts sporting arenas movie theaters and restaurants (Requires hands on management) industrial property rights Ans: Includes heavy or light manufacturing warehouse and distribution. Clear height is a key consideration Healthcare properties Ans: Includes doctors offices urgent care clinics hospitals require a specialized outfitting Office buildings Ans: Includes Class A, B or C; may be high rise or low rise four elements of a...

Commission Members Ans: -6 members total -Appointed by the governor and confirmed by the state senate, for 5 year terms -The terms are staggered -5 members MUST be licensed in real estate for at least 5 years and a Georgia resident for at least 5 years -1 member must be a "consumer member" with no connection to the real estate industry Commissioner Ans: -A full-time employee hired by the commission members to run the day-to-day operation, hire staff and enforce policy -The commissi...

People who sell real estate for others.... Ans: must be licensed in order to collect compensation who can be licensed as a real estate broker? Ans: a corporation, a partnership, an actual person what is not a real estate license catergory Ans: attorney in fact a real estate listing is a contract between Ans: the owner and the listing broker the ultimate responsibility foramistake in a document prepared by a real estate salesperson rests Ans: upon the employing broker continuing educa...