A realtor must - Study guides, Class notes & Summaries

what are the areas a realtor should be an expert in? - Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? - must disclose all convictions Employment - an associate can only have one employer at a time What's the gra...

When may a person use the term REALTOR? - after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimited earnings - setting your own hours What is a disadvantage of a career in real estate sales? - Not a steady income Most sales persons are hired as? - independent contractors Which is an area of specialization ...

True or false, when working with a buyer, an agent should make sure the buyer has enough for a down payment AND closing costs? correct answers True A major difference of a Comparative Market Analysis and an appraisal performed for a lender is that ___ correct answers Lender's appraisals for federally insured financial institutions must be prepared by licensed appraisers, while a CMA is prepared by a real estate broker At what time can a licensed broker commingle tenant security deposits a...

REAL ESTATE ACEABLE SMALL QUIZZES LVL 1 QUESTIONS AND ANSWERS, GRADED A+ Duplex, triplex, or fourplex residences are all considered - -Multifamily residences. The building and the land are owned just as in a single family dwelling; however, there are separate residences in the building. Industrial real estate does NOT include: a warehouse a manufacturing facility a triplex a distribution center - -A Triplex. Industrial real estate includes manufacturing facilities, warehouses, distri...

Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - correct answer -b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given by one's broker. c. following through on listing calls made to for sale by owner...

Florida Real Estate Exam Practice Questions 2024 Questions and Answers 100% Pass Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor - Correct Answer ️️ -b. The term "follow-up" refers to a. returning calls in a timely manner. b. completing instructions given b...

360 Training Sessions Latest Update Graded A+ National Association of Realtors (NAR) The largest professional association in the real estate industry Was first organized in 1908 To be a full member of this association, a person must be licensed in an individual state to sell real estate and must join the local board of the NAR. In most areas, this board is called the Association of REALTORS A REALTOR® is a professional in real estate who subscribes to a strict code of ethics k...

Oklahoma Real Estate Test Questions with Certified Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing, Contracts, & Valuation The regulatory body established by the legislature and empowered to carry o...

What type of roof requires on interlayment of felt between courses? a. Wood shakes b. Roll roofing c. Wood shingles d. Slate shingles - Answer-a. Wood shakes In an older home, a forced hot air furnace is replaced by a heat pump. The heat coming out of the register is: a. Hotter b. Cooler c. Same d. Depends on the air duct layout - Answer-Cooler When inspecting kitchen cabinets: a. Observe that they are securely attached to the wall b. Remove everything from the cabinets and insp...

When may a person use the term REALTOR? - after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimited earnings - setting your own hours What is a disadvantage of a career in real estate sales? - Not a steady income Most sales persons are hired as? - independent contractors Which is an area of specialization ...