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AceableAgent Real Estate Principals 2 Exam Questions and Answers

AceableAgent Real Estate Principals 2 Exam Questions and Answers

AceableAgent Real Estate Principals 2 Test Questions And Complete Answers Principles of Supply and Demand States that when supply is low and demand is high, prices will increase. And if supply is plentiful and demand is low? Prices will then drop. Principle of Conformity Claims that maximum value is realized when land use is in harmony with surrounding standards. Principles of Regression and Progression States that the presence of higher value or lower homes near the subject property c...

AceableAgent Real Estate Principals 2 Exam Questios with 100% Correct Answers General Data - answerIs information about a property's location. This could include the city, region, and neighborhood in which the poperty uis situated. Specific Data - answerIs information regarding the property itself. Principle if Anticipation - answerThe idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. Principle of Contri...

Specific Data - ANSWER-Is information regarding the property itself. Principle if Anticipation - ANSWER-The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. Principle of Contribution - ANSWER-The idea that a property's overall value is made up of the combined value of each of its parts. But the CONTRIBUTORY value of an item is not always equal to the price of that item. Principle of Substitution - ANS...

Real Estate Practice Exam 2 AceableAgent Questions And Complete Answers What is a lien that applies to a certain property only? Specific Lien Cameron lives exactly 12 miles away from his friend Jeremy. How many feet does that equal? $63,360 A 10-foot river runs along the border of Royce's property. What rights govern his use of this water? Riparian Rights All of the following are examples of material facts requiring disclosure in a real estate transaction EXCEPT: Familial status o...

AceableAgent key terms Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)

AceableAgent key terms Exam 2023/2024 Apartment Locators - ANSWER-A real estate license holder who locates dwellings for perspective tenants tenant - ANSWER-One who possesses a propert under a lease without ownership Broker - ANSWER-Someone who assists in buying and selling to receive a commission client - ANSWER-The person that an agent is representing, made official through a representation document Sales agent apprentice education SAE - ANSWER-an educational requirement for cou...