If the price of a lot - Study guides, Class notes & Summaries

Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024. Does an auc*oneer need a federal firearms license? Yes AND No; if estate sale then no, consignment sale then yes If an auc*oneer sales a firearm away from their business loca*on, how do they transfer to buyer? It must be returned to their business loca*on before transferring. Who determines the auc*oneers fee in federal bankruptcy court? The court sets the fee. Who must obtain a firearms license? Persons in the busi...

CHAPTER 3—ANALYSIS OF FINANCIAL STATEMENTS TRUE/FALSE 1. Ratio analysis involves analyzing financial statements in order to appraise a firm's financial position and strength. ANS: T PTS: 1 DIF: Difficulty: Easy OBJ: LO: 3-1 NAT: BUSPROG: Reflective Thinking STA: DISC: Financial statements, analysis, forecasting, and cash flows LOC: TBA TOP: Ratio analysis KEY: Bloom’s: Knowledge 2. The current ratio and inventory turnover ratios both help us measure the firm's liquidity. The current ...

Which of the following has the authority to suspend or revoke a Texas real estate license? - correct answer TREC Which of the following is an element of a listing agreement? - correct answer the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - correct answer salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the br...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Question 1 (40 Marks) (Capital structure decision making, learning units 7, 13 and 14) Read the following case and then answer the required section below the case: Offices Ltd. is a construction company focused on office space, which in the past had a large market capitalisation and turnover, but, after the recent pandemic, finds itself struggling to recover to its past stature in the construction industry due to the lower demand for office space. The company has, over the past few years sold of...

IAAO 311 Review Questions and Answers 100% Pass What is a requirement of both single-property and mass appraisal? Uses three basic approaches to value What is the first step in the mass appraisal process? definition of the problem List the three types of data that must be collected in analyzing the market. General data Specific data Comparative data Identifying supply and demand factors that best explain values in a specific market, and expressing them in an equation is called _______________...

Two men argued over the final results of the football game. The first man didn't think his friend knew what he was talking about and spit at him; the spittle landed on his friend's shirt. What crime, if any, occurred? - Answer- The first man has committed the crime of battery because he made contact even though he caused no harm. - Misd. A woman walked into the local bar and saw her boyfriend with another woman. She went to the table and hit him on the head. He fell off his barstool, str...

New Jersey PSI Real Estate Exam With complete solutions. Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is ️ an agent to the broker and a subagent to the principal. Depreciation is calculated based on the ️ Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title...

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a covena...