Broker price opinion bpo - Study guides, Class notes & Summaries

Appraisal - correct answer an estimate or opinion of value based on supportable evidence and approval methods CMA - Comparable Market Analysis - correct answer an analysis of probable value of real estate done by individual other than an appraiser BPO - Broker Price Opinion - correct answer an opinion of value of real estate value done by a licensee with a broker level license. can charge Elements of Value - correct answer 1) demand with purchasing power 2) utility 3) scarcity...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? CORRECT ANSWER Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing...

MN Real Estate Exam Questions and Answers 100% Pass 4 forms of agency relationships 1) Seller's Broker 2) Buyer's Broker 3) Dual Agent 4) Facilitator When must the agency disclosure form be provided by the licensee? At first SUBSTANTIVE contact with the buyer and/or seller If a facilitator, when working with a buyer, shows a property listed by the facilitator, then they must act... as a seller's broker and NOT the buyer's broker (the reverse is also true) Dual agency disc...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW | 500+ ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED the product that real estate licensees market is information knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - title, property taxes, financing, and local zoning ordinances to be successful, licens...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the friend...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - correct answer A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - correct answer Broker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Car...

Real Estate-Minnesota Unit 1 Questions and Answers Already Passed When must a real estate salesperson or broker provide an "agency disclosure form?" At the FIRST substantive contact with the residential buyer or seller. What is the "Agency Relationships in Real Estate Transactions" document? This is ONLY a disclosure form and explains what duties an agent owes the potential client in regards to what relationship they form. (NOT a contract. There is a provision for the client t...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Answer- Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if t...

Absentee Owner - A property holder who does not reside on the property and who usually relies on a property manager to manage the investment. Appraisal - The process of developing and communicating an estimate of a property's Appraiser - Appraisers charge a fee based on the time and difficulty of the appraisal assignment and are not paid commission. Broker Price Opinion (BPO) - A broker's written opinion of the value of a particular property that may not be used in connection with the or...