Aceable property agent - Study guides, Class notes & Summaries

Aceable Agent | Level 1 | Property Ownership | with complete solution 2024/25

Aceable Principles 1 combined Exam Questios with 100% Correct Answers BPO - answerbroker's price opinion. process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. Reasons for a BPO. 1. The people in the home have asked to refinance the home and the lender does not want to pay for a full appraisal, but they do want to have some assurance that the home is valued at or above what the loan will be. 2. The people in the house...

Aceable Agent Principles of Real Estate 2 Key Terms Exam Questions with 100% Correct Answers Profit - answera financial gain or increase in value. Loss - answera financial loss or decrease in value. Interest - answermoney repaid regularly at a specified rate as compensation for money lent. Principal - answerthe amount lent to a borrower to purchase a house. Mortgage - answera secured loan that is tied to real estate, where the borrower has to pay the money back to the lender on a set sc...

ACEABLE AGENT - PRINCIPLES OF REAL ESTATE II EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. $250k - -How much are accounts under the FHLB system insured up to, per title, per account? 1. PRINCIPLE OF CONFORMITY 2. PRINCIPLE OF REGRESSION 3. PRINCIPLE OF PROGRESSION - -What are 3 principles to consider when evaluating property and neighborhood? 1. SALES COMPARISON APPROACH 2. THE COST APPROACH 3. THE INCOME APPROACH - -What are 3 ways to calculate value? ACCREDITED - -An __________...

Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

Aceable Principles 1 combined Exam Questios with 100% Correct Answers BPO - answerbroker's price opinion. process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property. Reasons for a BPO. 1. The people in the home have asked to refinance the home and the lender does not want to pay for a full appraisal, but they do want to have some assurance that the home is valued at or above what the loan will be. 2. The people in the house...

Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - answerA) To pay an aggrieved party who has won a judgment against a l...

Aceable Law of Agency Review Exam Questions with 100% Correct Answers Here are the four major types of agency acts: - answerListing Buying Leasing Property Management TREC's purpose is to - answerregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds their characte...

Aceable Law of Agency Exam Review, Verified Solution Here are the four major types of agency acts: Listing Buying Leasing Property Management TREC's purpose is to regulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity Satisfy to the commission (TREC) that the candidate meets and exceeds their character standards (honesty, trustworthiness, a...

Aceable Agent Principles of Real Estate 2 Exam Questions & Answers 2023/2024 Amortization - ANSWER-The repayment of a loan principle over time Arrears - ANSWER-Payment for an item or service after it's received Down Payment - ANSWER-The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - ANSWER-The allocation or distribution of an annual expense across smaller chunks of time Acreage - ANSWER-A unit of measur...