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

Post Licensing 301 NC Study Questions with Verified Solutions What is the primary purpose of the listing agreement in real estate? To establish the terms and conditions under which a real estate agent will represent the seller How often must a property management company provide a financial report to the property owner? Monthly What is an exclusive right to sell listing? A type of listing agreement where the agent has the exclusive right to sell the property and earn a comm...

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, licenses must know how to - market real estate and businesses real estate brokerage - the business of bringing tog...

Gold Coast Real Estate Sales Associate-Key Terms (CH. 1-19)Broker Price Opinion (BPO) CH1 - correct answer The process used to determine the potential selling price or estimated value of a real estate property. Adjudication Withheld CH2 - correct answer A special sentence such as probation, community service, or a fine imposed, but no conviction of guilt was imposed. Prima Facie Evidence CH2 - correct answer Certificates entered into evidence in court proceedings. Group License CH3 -...

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...

Idaho Real Estate School: MOD 2 (2023/2024) Rated A Appraisal Estimate or opinion of value based on the supportable evidence and approved methods. An appraiser is an independent person trained to provide an unbiased estimate of value. The appraisal value is the appraiser's opinion of that property's worth. Appraiser an independent person trained to provide an unbiased estimate of value. CMA (comparable market analysis) An analysis of probable value of real estate done by an individual other...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Law of Agency: Cumulative Questions with Verified Solutions abandonment when the license holder ceases to perform their duties of the agency relationship actual authority specific powers given to an agent by the principal that allows them to act on the principal's behalf agency by actual authority actions taken by an agent for which they have permission, whether given through express or implied authority by a principal agency by estoppel agency imposed by law when it is determined that osten...

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 A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only involves r...

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. ...