Apartment locator - Study guides, Class notes & Summaries

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Apartment Locator - A real estate license holder who locates dwelling units for prospective tenants. In Texas an apartment locator has to have a real estate license. Article 11 - Be competent in the services you perform and don't attempt to provide services outside of your shop of practice UNLESS you have assistance from someone competent and fully disclose with the client. Broker - A person or business entity who is licensed to represent one of the parties in a real estate transaction in...

Apartment Locator correct answer: a real estate license holder who locates dwelling units for prospective tenants Tenant correct answer: one who possesses a property under lease without ownership Broker correct answer: someone who assists in buying and selling to receive a commission Client correct answer: the person that an agent is representing, made official through representation document Sales Agent Apprentice Education (SAE) correct answer: an educational requirement for c...

When must a property owner declare their primary residence as their homestead to get homestead protection? a. At closing b. Never c. After 1 year of occupancy d. After Jan 1 of the first year of full occupancy - b According to the TREC residential resale contract form, if a termination option fee is paid, day one of the option period is: a. When loan approval has been obtained b. When the title commitment is issued c. When the earnest money is deposited d. The day following the effect...

TREC 9 members all appointed by govorner -6 broker members -3 non-licensed members with no financial interest in real estate TREC Functions -Enforce TRELA -Adopt and enforce rules of real estate practice -deals with licensing(issuing, revoking, reinstating) -protect consumers from fraudulent activity of license holders Broker-Lawyer Committee 13 members -6 attorneys appointed by bar -6 brokers appointed by TREC -1 public member creates, edits, and recommends contract ...

Champions - Principles of Real Estate 1 - Chapter 1: Introduction to Real Estate Latest Update Already Graded A Brokerage overseeing the needs of the parties to a real estate transaction and seeing it to its completion Property Management management of residential and commercial properties on behalf of investor-owner; day-to-day operations, maintenance, tenant relations Real Estate Development most often involves the acquisition of land for development into residential subdivisions...

License Required correct answer: broker, salesperson, apartment locator (display), property manager, raw land sales, timeshare sales, brokerage Easement or Right of Way correct answer: cannot be sold, bought, leased, or transferred for another for compensation for use in telecommunication, utility, R/R, pipeline UNLESS: licensed broker/sales, exempt from act, registered with commission under Subchapter K application for this requires background check and fingerprinting Exemptions from ...

Aceable Agent: Level 1 Questions Correctly Answered | Verified Update Five Catagories of Real Estate Properties - ANSWER (1) Residential, (2) Commercial, (3) Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose Apartment Locator - ANSWER A real estate license holder who locates dwelling units for prospective tenants Tenant - ANSWER one who possesses (rents) real property for a period of time, usually under a lease. The property or estate is normally owned by the landlord...

TX-Real Estate Principles I-Exam Prep- TRELA, MREP, and Terms 100% Correct Broker A person who, for a commission or other valuable consideration, performs specific real estate-related acts for another person; these acts include but are not limited to helping someone in the selling, exchanging, buying, leasing, auctioning, and/or listing of real estate. Business entity Either a domestic entity or a foreign entity. Certificate holder A person registered as a real estate certificate hol...

Chapter 2 Licensing correct answer: Sales Exam 2 questions Person who is exempt from Real Estate license in Texas correct answer: 1. Texas licened attorney who will not get comission split 2. Court apppointed receiver, Trustee, Guardian, and Sherifs any who is in charge for foreclosure 3. Administrator and executor of a will 4. Onsite apartment managaer 5. New home sale agent working for one builder or owner 6. Cemetery Lot agent 7. FSBO 8. Employee who lease or rent for owner 9. Co...