Chapter 1 ga real estate - Study guides, Class notes & Summaries

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

Florida Real Estate Exam Chapter 2 Caveat emptor ️Let the buyer beware RE license law ️1923. Chapter 475 of the Florida statutes. Passed by the Florida legislature. 3 regulatory bodies ️DBPR (over many industries) DRE (Real estate) FREC DRE ️Division of RE provides support services to the commission. It's under the Department of Business and Regulation. Sales associate ️Beginning of RE career. Performs RE services for compensation, but who does so under the direction...

Aceable Agent Property Disclosure Laws (Eleventh Chapter) Question and answer 2023/2024 Seller Disclosure Laws in GA - correct answer Georgia does NOT require the seller to fill out a written disclosure form or statement. That said, the law does require the seller to inform the buyer of any known defects in the condition of the home. It's not uncommon for brokers to encourage sellers to fill out a written form commonly known as a seller's disclosure statement, or property condition disclos...

RE Salesperson License requirements? - Answer 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - Answer 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - Answer Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesperson and RE Broker? - Answer Salesperson wor...

ACCT 2401 QUESTIONS AND ANSWERS AVAILABLE Test #1 Chapters 1 & 2 Test Prep (Solutions are at the end) 1. Which of the following is a period cost: a. raw materials costs. b. manufacturing plant maintenance. c. wages for production line workers. d. salary for the vice president of finance. 2. The inventory accounts of a manufacturing firm include: a. raw materials. b. finished goods. c. work in process d. all of the above. 3. The beginning balance of Finished Goods is $50,000, the...

Chapter 1 GA Real Estate Questions and Answers Rated A Property All property is divided into 2 categories Real Property and Personal Property Personal Property Chattels Real - Mobility Chattels Personal Such as cars, boats, furniture, clothes, stocks, money, tools etc are known as Chattels Real Real Estate Consists of land itself plus those things which are permanently attached to the land by man (such as buildings) or nature (such as trees). Bill of Sale Personal Property sold, ownership is...

A. Scope of Art 2 & 2A 1. Scope of Article 2 a. UCC Scope Provisions i. § 2-102-This chapter applies to transactions in goods… ii. § 2-105-“Goods”=all things that are movable at the ti me of identification to the contract for sale 1) including unborn animals, growing crops b. Art 2 “goods” Examples i. Creating a wedding dress, tailoring, though the goods don’t exist yet, sell puppies though don’t exist yet ii. NOT something intangible ex: stock in a company does not work despite ...

1. "Capital" is sometimes defined as funds supplied to a firm by investors. T   2. The cost of capital used in capital budgeting should reflect the average cost of the various sources of long-term funds a firm uses to acquire assets. T   3. The component costs of capital are market-determined variables in the sense that they are based on investors' required returns. T   4. Suppose you are the president of a small, publicly-traded corporation. Since you believe that ...