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

Real Estate Business - Answer-Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Answer-Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** - Answer-***Follow Up. ...

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...

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...

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits - Answer-A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% - Answer-D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly payments of $403 per month. What is true of this loan? A) $135...

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...

What types of agents can one be in a agency relationship? - ️️Universal General (Sales-Associate) Special Agent What is a brokers price opinion (BPO)? Can a real estate licensees charge for these? - ️️It is the opinion of value of real property, and yes as long as it is not considered an appraisal. If a student fails course pre-licensure exam, how long must one wait until one can retake the exam? How many times can one re-test before having to retake the entire course? - ️️App...

Real Estate Business → Is composed of many specialization's: → - (1)Details of Property Transfer → -Knowledge of: → (2)market conditions → (3)how to market real estate business → (4)how to analyze buyers needs → (5)laws that pertain to real estate Real Estate Brokerage → Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** → **...

State Examination for Hawaii real estate complete solutions At what point do obligations under the Landlord/Tenant Code End: A) The tenant vacates B) The tenant and Landlord resolve disbursement of the security deposit C) The tenant stops paying rent D) The landlord quits ️A) The tenant vacates What minimum % of condominium owners must vote to change the By-Laws: A) 50% B) 51% C) 65% D) 67% ️D) 67% An owner has a mortgage for $50,000 at 9% for 30 years with monthly paym...

The Commission requires that - a broker operate only under one business entity. each broker shall record with the Commission the type of business form under which the broker is doing business. An agent intending to work with a seller shall provide a written disclosure to such seller that shall contain all of the following EXCEPT: - a statement that the broker will act as a dual agent A fact which negatively affects the value of a property is a/an.. - adverse material fact. A person with wh...