real estate Flashcards and Study Sets Quizlet
A real estate license is required in Florida if one negotiates… The secondary market and participants provide stability for ho… Taxes and insurance, are often prepaid at closing to establish…
Actived: Just Now
Real Estate Flashcards
(4 days ago) In real estate, a principle hires an agent to sell his house, or a principal can hire an agent to purchase a house on his behalf. Sublease. The lessee leases part of his or her premises to another user. Legal description. Identification of a property that is recognized by law, that identifies that property from all …
REAL ESTATE PRACTICE EXAM Flashcards Quizlet
(8 days ago) Trenton is a real estate licensee who's suspected of discriminating against women who are interested in buying a condo in his building. HUD sends four clients his way, each with equivalent credit scores and employment histories.
(4 days ago) a _____ estate is another type of fee simple defeasible estate that is also an inheritable, defeasible freehold estate, but it is recognized by the words "but if" in the deed. The estate continues unless a specific even occurs, in which case ownership may revert to the owner or the owner's successors.
Real estate ch.6 Flashcards Quizlet
(8 days ago) Ken, a licensed real estate agent, is touring an established subdivision with a couple interested in buying property in a gated community. After the couple find several homes that have at least one large crack running from the floor to the ceiling, Ken decides the builders must have used sub-quality processes and materials to lay the foundation.
Real Estate, North Carolina Flashcards Quizlet
(9 days ago) Requires brokers to have specific knowledge of their local real estate market to serve their buyers and sellers. Permanence. Aka Indestructibility. Land is a permanent commodity, and it cannot be destroyed. Makes land attractive as a long-term investment. Economic Obsolence.
Real Estate Flashcards Quizlet
(4 days ago) Real estate must be conveyed while the owner lives or by will or descent after the owner dies. valid Deed. Provides the greatest protection to the buyer. General Warranty Deed - This is the name given to a mortgage held by the seller of the property. Also called owner financing.
Real Estate Exam Flashcards Quizlet
(9 days ago) 1 of 10 - Real estate agents who take listings of homes must have their sellers fill out a disclosure form about their knowledge or lack of knowledge about the presence of lead-based paint in the home if the home was. built prior to 1978. 2 of 10 - Radon gas can be traced back to.
Real Estate Practice Exam 2 Flashcards Quizlet
(Just Now) A real estate brokerage company is a transaction broker for a buyer. The buyer wants to purchase a new home so the sales associate takes him to three model centers listed by three competing real estate companies. The sales associate must give written no brokerage relationship notice to:
Real Estate Principles Flashcards Quizlet
(5 days ago) In real estate, the person who acts for and with the authority of another is called a(n): agent. A person who sells final results rather than time is known as a(n): independent contractor. What would be interest due on a loan of $25,000, borrowed at 7%, for a period of three years?
Real Estate National Exam Flashcards Quizlet
(8 days ago) A parcel of real estate owned by 2 or more people without the right of survivorship. Trust? A device with which one person transfers ownership of property to someone else to hold or manage for the benefit of a 3rd party. A lease executed by a minor lessor is? Voidable by the landlord only.
Principles of Real Estate 1 Final Exam Flashcards
(1 days ago) If a real estate salesperson closes on a transaction, who pays the salesperson their commission? The salesperson's sponsoring broker. A means of comparing similar type properties, which have recently sold, to the subject property is known as the? Market Comparison Approach.
Real Estate Principles Flashcards Quizlet
(5 days ago) Real estate salespersons and brokers are required to be licensed b. A real estate broker, not the salesperson, is appointed by the principal to be the agent c. Dual agency does not require written confirmation from the buyer and seller d. Dual agency means the real estate …
Real Estate: Chapter 5 Quiz Flashcards Quizlet
(9 days ago) A real estate agent must make full disclosure of: (a) all material facts known by the agent. (b) all material facts revealed by the owner of the property. (c) material facts that are known by the agent or that would be revealed by a reasonable inspection of the property.
Study Real Estate Flashcards Flashcards Quizlet
(3 days ago) Which of the following is a purpose of the Kentucky Real Estate Education, Research, and Recovery Fund?-To educate the public about the real estate market-To establish KREC as the most powerful entity in the state-To fund educational opportunities and research programs related to real estate-To help bolster the Kentucky housing market
Real Estate Mock Exam 3 Flashcards Quizlet
(6 days ago) a real estate agent has assisted an investor with the purchase of a number of commercial properties. the investor will be out of the country for part of the year and asks the agent to manage all aspects of those properties during that time, including advertising and leasing. the real estate agent will be a/an:
Real Estate Part 1 Unit 8 Flashcards Quizlet
(8 days ago) The Equal Credit Opportunity Act and the Real Estate Settlement Procedures Act, which affect how the real estate business is transacted, are examples of what type of Federal level activity? Consumer protection laws. Under _____ law, a lender must require a borrower to obtain the proper amount of flood insurance before closing a loan backed by
Real Estate Flashcards Quizlet
(4 days ago) real estate professionals and all others involved in a real estate transaction must be aware of both _____ and _____ liability. sellers often carry the most exposure to _____ environmental auditors/assessors. scientific or technical experts who can provide the most comprehensive plans.
(4 days ago) REO stands for real estate owned, or property that the lender owns. The acronym originally came from bank asset statements and stuck. Occurs when a property doesn't receive an acceptable bid in a foreclosure sale, and the bank takes ownership of the property. Real Estate Owned (REO)
Unit 16: Real Estate Appraisal Flashcards Quizlet
(2 days ago) The market value of a parcel of real estate is. an estimate of the most probable price it should bring. Capitalization is the process by which annual net operating income is used to. estimate value. From the reproduction or replacement cost of a building, the appraiser deducts depreciation, which represents.
REAL ESTATE QUIZ 9 Flashcards Quizlet
(1 days ago) When someone contracts with a property owner to lease real estate from them, one of the benefits they are getting is the right to possess the unit or parcel being leased. This is known as the right of? possession. If a tenant agrees to pay rent, property taxes and insurance premiums, what type of …
National Real Estate Flashcards Quizlet
(3 days ago) levies real estate taxes (for services); controls specific usage, establishes rules for development, creates zoning regulations Judicial regulation of real property Rules on constitutionality of common law and case law with regard to property and rights.
Real Estate- quiz Law 2 Flashcards Quizlet
(5 days ago) What describes real estate and the bundle of rights associated with owning the real estate? Real property. What term describes a personal property item that has been converted to real property by attachment to real estate? A fixture. Tangible property is physical, visible, and. material.
Unit 3: Interests in Real Estate Flashcards Quizlet
(4 days ago) Because a homeowner failed to pay the real estate taxes on time, the taxing authority imposed a claim against the homeowner's property. This claim is known as a) a deed restriction b) a lien c) an easement d) a reversionary interest. a lien. A property owner dies without a will or lawful heirs. By what process does the property revert back to
Gold Coast School Real Estate Questions Ch.1-19 Flashcards
(9 days ago) A real estate professional must have an active license to perform real estate services B. To obtain active license status, a sales associate must obtain employment with a broker or owner-developer and submit employment information to the Department.
Real Estate Finance and Investment Flashcards Quizlet
(7 days ago) US tax law permitted real estate investors to depreciation real estate according to extremely aggressive schedules. As a result, RE investors were able to generate significant tax loses even though the properties were cash flow +. You were allowed to sell these tax losses to 3rd parties from 81-86. This led property owners to create tax losses
Real Estate Appraisal Flashcards Quizlet
(4 days ago) Nicodemus is a real estate licensee who's listed a property for friends Jackie, Geraldine, and Jo. That is, the women were friends when they purchased the property together. At the time, Jackie put up half the money, while Jo and Geraldine each put up one-quarter of the money, making their co-ownership portions 50%, 25%, and 25%, respectively
Real Estate Exam #4 Flashcards Quizlet
(1 days ago) Standard demand and supply analysis for real estate assumes that, in each market, producers of real estate are price-takers who make zero profits in the long run. True The bid rent curve plots the maximum rent that different land users would be willing to pay for particular locations, according to their willingness to move away from the CBD.
30 hr WA Real Estate Practice exam Flashcards Quizlet
(7 days ago) Jeannette, a real estate professional in Washington, knows a good deal when she sees one, so she decides to make an offer on a house that just came on the market. When she contacts the listing agent to set up a showing, she mentions that she's representing herself.
Real Estate Review 3 Flashcards Quizlet
(3 days ago) Real estate, plus all of the interests, benefits, and rights included in ownership Licensed residential real property appraiser The ______ category of appraiser licensure requires a minimum of 1,000 hours of applicable experience.
Best CA Real Estate Principles Exam Flashcards Quizlet
(2 days ago) REIT (Real Estate Investment Trusts) Special Trust for RE Investment where investors buy shares and a trustee invests. Has special criteria including dispersement of 95% of the ordinary income. Freehold Estates. Type of Ownership estate. Has an indeterminate duration. Estate in Fee.
Real Estate Flashcards Quizlet
(4 days ago) It is a real estate tax and if not paid, the property could be auctioned off. What is Ad valorem? Ad valorem tax is a tax whose amount amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax.
Chapter 17 Investing in Real Estate and Other Investment
(2 days ago) A real estate investment trust (REIT) is a firm that _____ investment funds and invests them in real estate or to make construction or mortgage loans. pool The impact of deflation and recession on real estate values depresses _____ .
INDIANA REAL ESTATE (LAW PART) Flashcards Quizlet
(1 days ago) An Indiana real estate salesperson has been working with buyers. After helping them negotiate for their dream home, the buyers ask the salesperson if she can help them secure a mortgage. The salesperson knows a lender that pays a fee for referring purchasers to …
Modern Real Estate Practice
(2 days ago) A real estate professional enters into a listing agreement with a seller under which the seller will receive $22,000 from the sale of a lot and the real estate professional will receive any sale proceeds over this amount. This type of listing is A. a gross listing B. a net listing C. a legal and ethical way to ensure that the broker is compensated