Real estate cycle - Study guides, Class notes & Summaries

Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - Answer- best indicator of value for existing properties highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself principle of contribution - Answer- suggests the...

Principles of Real Estate Exam- Charles Cowell Questions and Answers 100% Pass What might be the role of a real estate broker in the event a homeowner seeks to overturn a property appraisal? A) a broker might be able to offer actual appraisals and sales prices of comparable homes B) a broker might offer the attorney for the local board of REALTORS to prepare the homeowners case C) a broker might testify about current market conditions and direction of home prices D) a broker might b...

RECA Commercial Unit2 Exam Questions and Answers 2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring retur...

Which key components make up the bookkeeping process? (2) - Answer-recording and classifying transactions is known as bookkeeping. Describe the roles filled by a accountant (3) - Answer-Accounting is a system of summarizing, interpreting, and communicating financial data. What are the primary functions associated with accounting ? (4) - Answer-Accounting is the next step in the process. Accounting is the system of summarizing, interpreting, and communicating financial data. Specify func...

The Conway-Bogue Decision correct answers is a court case that gave real estate agents in the state of Colorado the right to assist buyers and sellers in some legal aspect of the real estate transaction process. This ruling established the right of real estate licensees to use approved, standardized state forms. This decision provides that Brokers may not charge a separate fee for preparing documents and that they must use the state's standard and approved forms. What is the lowest level ...

Acting in the capacity of a broker or ____________ requires a license - Answer-Salesperson Failure to keep adequate _______________ is an IREC violation - Answer-Records The REALTORS is this type of Association - Answer-Trade This amount of CE elective credit hours are required every license cycle - Answer-Twelve The business of bringing parties together in a real estate deal - Answer-Broker Some ____________ in your personal circumstance must be reported to the IREC within 10 day...

Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Broker - ANSWER - A person who holds a valid broker license issued by the commission to practice real estate Buyer's Market - ANSWER - A situation in the housing market where there...

RECA Commercial Unit 2; Questions and Answers 100% Solved Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) Correct answer 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve...

AYPO Real Estate: Real Estate Finance Final Exam Review Questions and Answers 100% VerifiedAYPO Real Estate: Real Estate Finance Final Exam Review Questions and Answers 100% VerifiedAYPO Real Estate: Real Estate Finance Final Exam Review Questions and Answers 100% Verified Which of these is not among the generally reliable market source for home finance? - ANSWER-Inheritance An amortized loan is best described by which of the following? - ANSWER-One that is paid off with a fixed schedule in ...

RECA Commercial Unit2 Exam Questions and Answers 2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring retur...