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Last Update: May 5, 2022

real estate Flashcards Quizlet

a privilege or right granted to a person by a state to operate as a real estate broker or sales person. market. a place where goods can be bough and sold and a price is established. property manager. a person or company hired to maintain and manage property on behalf of the property owners. real estate license.

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real estate Flashcards and Study Sets Quizlet

(8 days ago) Learn real estate with free interactive flashcards. Choose from 5,000 different sets of real estate flashcards on Quizlet.

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Real estate Flashcards Quizlet

(4 days ago) Real estate licensees may perform appraisals on foreclosed properties, but a certified appraiser must perform all other appraisals. Appraisals may only be performed by certified appraisers (with certain exceptions in some states). In pricing a property, what might expired listings tell the real estate professional?

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Real Estate Practice Flashcards Quizlet

(3 days ago) The real estate agents should review the title report and determine if there are items on the report that will adversely affect the closing of the property as agreed upon. If Covenants, Conditions, and Restrictions (CC&Rs) are mentioned, a copy should be ordered and delivered to the buyer. In order to verify that the seller has legal authority

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Chapter 1 Real EState Flashcards Quizlet

(4 days ago) An examination of a real estate property's condition, usually performed in connection with the property's sale. A qualified home inspector can assess the condition of a property's roof, foundation, heating and cooling systems, plumbing, electrical work, water and sewage, and some fire and safety issues. In addition, the home inspector will look

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Real Estate Final Exam Flashcards Quizlet

(5 days ago) A lease that requires the tenant to pay, in addition to rent, some or all of the property expenses that normally would be paid by the property owner. These include expenses such as real estate taxes, insurance, maintenance, repairs, utilities, and other items.

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Principles of Real Estate 1 Flashcards Quizlet

(Just Now) a. Exclusive Right to Sell. In order to successfully sue for commission: (a) The broker must have a valid real estate license. (b) The broker must be the procuring cause of sale. (c) The broker must have an employment agreement signed by the party to …

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NY Real Estate Flashcards

(5 days ago) salesperson. The minimum age for a New York real estate broker's license is. 20. Which of the following acts would require a real estate license in New York. Sale of land by an auctioneer. Violation of the license law is a misdemeanor, Punishable by up …

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Real Estate- Illinois Flashcards Quizlet

(3 days ago) Tiffany Wendling is a broker in Illinois. Her sponsoring broker is Carson Brooks, whose brokerage business name is Brooks Realty, Inc., and is located in Peoria, Illinois. Which of these describes the items that must appear on the home page of Tiffany's website, according to the Real Estate License Act of 2000?

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Real Estate Final Exam Flashcards Quizlet

(5 days ago) An office building has $66,000 of net income and sold for $550,000. What is the rate of return? -12%. -8.3%. -10%. -11.1%. -$2,340. A real estate salesperson brings a buyer to a for sale by owner transaction. The home sells for $120,000 and the seller agrees to pay a commission of 3%.

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NYS Real Estate Practice Exam Flashcards Quizlet

(2 days ago) If i was a real estate licensee and wanted to apply to become a mortgage broker, how many years of experience would i need? Two Years. Violation of real estate Licensee law is a? Misdemeanor. What is the possible penalty of violating Real Estate Licensee Law? $1000 fine, and up to one year in jail.

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Real estate test 1 Flashcards Quizlet

(1 days ago) real estate licensees are authorized to help people buy and sell mobile homes provided. the mobile home has been registered with the department of housing and community development. the listing agreement in which the broker is entitled to a commission no matter who sells the property is known as.

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Real Estate Flashcards Quizlet

(4 days ago) Real Estate. STUDY. Flashcards. Learn. Write. Spell. Test. PLAY. Match. Gravity. Created by. Katherine_Nguyen5310. Chapter 18. Terms in this set (23) The three overriding considerations of a lender's mortgage loan decision are. the ability to repay, the value of the collateral, and the profitability of the loan.

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real estate Flashcards Quizlet

(4 days ago) Which of the professional canon states that the primary duty of the real estate agent is to represent the interests of the agent's client? yes, he is 18+, legally allowed to work in the U.S., and a Texas resident. Xavier is a 33-year-old Colombian citizen. He has lived in Texas for four years, and has the legal right to work in the U.S..

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Real Estate Test Flashcards Quizlet

(9 days ago) * A) In any real estate transaction Melissa is involved with B) When Melissa is representing a principal to third parties C) In any real estate transaction except personal transaction except personal transactions D) When Melissa deems that it is advisable, based on first-hand knowledge of the situation and careful judgment.

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Real Estate Terms Flashcards Quizlet

(Just Now) Transferring real estate by means of a deed. Purchaser or donee receiving title to property. A party who transfers a right, interest, or title to real property to another. A personal right to use another's property, granted by the owner; does not attach to the estate, and there are no dominant or servient tenements.

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Real Estate Exam 1 Flashcards Quizlet

(1 days ago) Real estate professionals must treat all parties to a transaction fairly and honestly, not just their own clients. What is the primary tenet of the NAR Code of Ethics? Sarah and sally, unmarried couple. Which of these owners or groups of owners are MOST likely to take title as tenants in common with no rights of survivorship?

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real estate law Flashcards Quizlet

(8 days ago) modern real estate practice in ohio. 328 terms. levi_abbott1. Other sets by this creator. Cardiac Output & Hemodynamic. 67 terms. cleding65. Tort law midterm. 240 terms.

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Real Estate Final Flashcards Quizlet

(Just Now) A real estate broker has been hired to manage an apartment complex on behalf of landlord, how must broker handle security deposit Broker escrow account A parcel of real estate has been left to Betty through her husband's will for her to use and enjoy during her life time, with provision that the property goes to her step-son after her death.

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Real Estate Final Exam Flashcards Quizlet

(8 days ago) A real estate professional, who is a subagent of the seller, tells a prospective buyer to make a low offer because the seller is likely to accept it. Regarding the real estate professional's conduct in giving that advice to the buyer, which of the following is FALSE? a. The real estate professional acted appropriately to sell the seller's property.

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Real Estate Exam 1 Flashcards Quizlet

(1 days ago) The Real Estate Seller Disclosure Act does not apply to commercial real estate, or to transfers by court orders, executives, administrators, trustees or spouses due to dissolution of marriage. The Pennsylvania State Real Estate Commission is composed of eleven members who are appointed by the governor and approved by the Senate.

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Real Estate Finance Flashcards Quizlet

(2 days ago) A fundamental aspect of real estate finance is the ability of borrowers to remain in possession and control of their property. This is defined as: A. hypothecation. B. a lien. C.collateral. D. leverage. hypothecation. Lenders having a cash surplus in a low demand area would most likely:

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Agency-- Real Estate Flashcards Quizlet

(1 days ago) The real estate broker, acting as an agent for a buyer or seller in a real estate transaction under an exclusive right to sell listing agreement with the seller or a buyer representation agreement with a buyer, owes all of the following fiduciary duties to …

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Real Estate License Study Flashcards Quizlet

(8 days ago) A real estate agent has been licensed in michigan for one year. the licensee worked for a michigan broker but recently moved to Florida. the agent wants to open his own brokerage in florida so he recently completed the florida broker prelicense course. Is the michigan licensee eligible to take the florida broker license exam

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Florida Real Estate Exam Questions Flashcards Quizlet

(7 days ago) B. Real estate licensees are prohibited from sharing part of their commission with the buyer or seller in a real estate contract unless the buyer or seller is a real estate licensee C. Payment of an unearned fee must not violate RESPA D. An owner of an apartment complex may pay a finder's fee of up to $50 to an unlicensed person

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Real Estate quizzes Flashcards Quizlet

(2 days ago) Real estate agent Gabe Brown prepares a CMA to present to seller Wendy Kleinfelter. Recent comparable sales in the area range from $250,000 to $270,000, with the suggested sales price coming to $260,000. Gabe tells Wendy to list the property at $280,000, believing that the market is heating up and that, given time, they will get the higher

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California: Real Estate Principles final exam Flashcards

(7 days ago) Alison Skateland, a real estate broker in Yuba City, California, has recently become interested in the sale of business opportunities — particularly restaurants and bakeries. The authority to conduct such business is covered under her real estate license, but Alison does need to know the proper way to handle such transactions.

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Real estate express final exam practice: Flashcards Quizlet

(2 days ago) A real estate license is required in Florida is one negotiates a sale as part of a real business relationship with: another individual and expects compensation related to the transaction Sam and Joan made an offer of $250,000 asking the seller to pay all closing costs.

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45 hour real estate pa Flashcards Quizlet

(5 days ago) In real estate, supply is the amount of property available for sale or lease at any given time. Note that supply is generally not the number of properties available, except in the case of: industrial real estate. residential real estate. land. commercial real estate.

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REAL ESTATE: CHAPTER #1 Flashcards Quizlet

(3 days ago) The creator or the creator's estate will recapture ownership when the life estate ends. A life estate involuntarily established by state law when certain events occur. Power: Life estate that a wife has in the event of her deceased husband. A legal …

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Real Estate Express Final Exam Flashcards Quizlet

(3 days ago) The real Estate brokerage sign says: XYZ REALTORS®, Tom L. Smith Broker Office Hours are 8:00 a.m. until 10:00 p.m. daily Shirley Jones and Karen Smith, Sales Associates The sign has been placed where it can be easily seen on an exterior wall of the office. The sign has letters no less than one inch in height.

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real estate new york Flashcards and Study Sets Quizlet

(9 days ago) 148 Terms. MKatz67. New York real estate exam. The name of the statue that protects th…. A real estate brokers license term is. To become a real estate salesperson in…. The end of a license term for a real es…. Article 12 of the real property law. 2 years.

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