real estate Flashcards and Study Sets Quizlet
Real Property. Real Property - Bundle of Rights. Acquiring title to additions or improvements to real property…. The process of converting personal property into real property. includes both land and real estate includes the bundle of righ…. Right of Possession Right to …
Actived: Just Now
Real Estate Flashcards Quizlet
(4 days ago) Real Estate. Actual physical land and everything permanently attached. Real Property. Land and anything attached to it as well as rights. BOR: Possession. Right over owner to physically occupy and use the land. BOR: Quiet Enjoyment.
chapter 1 real estate Flashcards and Study Sets Quizlet
(Just Now) Real Estate - Chapter 1. Real estate. Improvements. Legal concept of land. Physical characteristics. air, water, land, and everything affixed to the land. The lega…. man-made structures that are "permanently" attached to the lan…. encompasses the surface of the earth, everything beneath the s….
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 life estate in real estate occupied as the family home. 1.
REAL ESTATE PRACTICE EXAM Flashcards Quizlet
(8 days ago) A real estate agent approaches a homeowner as soon as a demographic shift starts to occur in her neighborhood and convinces her that she needs to sell now, or she'll never be able to sell. $. OTHER SETS BY THIS CREATOR. TX 30 HOUR PRINCIBLES OF REAL ESTATE 1. 70 terms.
Real Estate Practice Practice Exam Flashcards Quizlet
(7 days ago) Gene, a real estate professional, is purchasing a home for his personal use. He negotiates a reduction in the sales price in return for taking no commission from the seller. Agency coupled with interest is an agency relationship in which a licensee is given some sort of interest in or right to a principal's property.
Real Estate Exam Flashcards Quizlet
(9 days ago) When conducting appraisals of real property, property appraisers must follow the: Uniform Standards of Professional Appraisal Practice (USPAP). Broker associate Robert has handled 1031 exchange transactions in the past, but has been working on simpler residential transactions for a number of years.
Essentials of NJ Real Estate, 13th Edition
(5 days ago) Legal Description and Deeds Essentials of NJ Real Estate, 13th Edition - Chapter 19 study guide by schneidee4 includes 36 questions covering vocabulary, terms and more. Quizlet flashcards, activities and games help you improve your grades.
Real Estate Final Flashcards Quizlet
(Just Now) Z who is a real estate broker sold a house and received a commission of $31,500, Z's commission was 6% of the sales price pf the home. What was the sales price the home Z sold? $525,000. If you list a 2,300 square foot house with 2 baths, a three car garage and a den for $184,000 with a 6% commission.
Real Estate Practice Flashcards Quizlet
(3 days ago) Yard Signs. Real estate salesperson Chris obtained a listing from James. Chris found a "ready, willing, and able" buyer who met all terms of the listing and presented an offer to James. Which of the following statements is true? When escrow closes, James will pay the promised commission to Chris's brother.
Real Estate Principles Flashcards Quizlet
(5 days ago) The Real Estate Commissioner enforces provisions of the: Real Estate Law. Real property consist of: -Land and structures on the land. -Anything incidental to the land. -Anything appurtenant to the land. Determining the present value of a property based upon its anticipated future income and expenses is …
Real Estate Flashcards Quizlet
(4 days ago) A real estate firm license held by a real estate broker is deemed to satisfy the license requirements for a vacation lodging service. If the broker maintains more than one office within the state: -An additional firm license for each branch office.
Real Estate License Law Questions Flashcards Quizlet
(6 days ago) A real estate sale agreement is signed by both the buyer, Lori Unruh, and the seller, Leo and Evelyn Robertson but the transaction falls through because Evelyn refuses to sign the deed conveying title. The broker handling the transaction A. is entitled to a full commission.
Real Estate Flashcards use it Flashcards Quizlet
(2 days ago) The type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known as: A real estate syndicate. A real estate investment syndicate. A real estate investment trust. An equity trust.
Real Estate Chapter 1 Flashcards Quizlet
(4 days ago) A real estate owner may sell or transfer through easements a scenic or light interest to a property. This would constitute a severance of an owner's_____ rights. air. Mrs. Smith has a lovely hillside home, overlooking a pretty lake. She wants to protect her property from a new hotel that a developer is thinking about building there.
Real Estate State Practice 2 Flashcards Quizlet
(1 days ago) A real estate licensee is assisting her buyer client in determining the feasibility of purchasing a restaurant that was built in 1965, and observes that the flooring is a checkerboard pattern of black and cream colored 9 by 9 tiles, worn but not broken or cracked.
Real Estate Progress Exam 3 Flashcards Quizlet
(Just Now) Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing.
Real Estate Practice Exam 1 Flashcards Quizlet
(Just Now) -the salesperson must be licensed as a real estate agent.-reimbursement to the salesperson must be solely based on sales, not on hours worked.-there is a written contract that states the salesperson shall be treated as an independent contractor for tax purposes.
Real Estate Exam 2 Flashcards Quizlet
(1 days ago) A real estate broker differs from a real estate salesperson under the law in that the. Select one: a. law recognizes no differences. b. salesperson is responsible for the acts of the broker. c. broker is liable for the acts of the salesperson. d. salesperson may take a listing with him when he changes brokers.
Real Estate Flashcards Quizlet
(4 days ago) An estate for years is a lease that begins and ends on a specific date. A fee is the ownership of real property, and joint tenancy is co-ownership of the same property by two or more people at the same time. When rented property is sold by the owner, the outstanding leases: Remain binding upon the new owner.
National Real Estate Flashcards Quizlet
(3 days ago) Estate in land (estate) Ownership rights in real property; the bundle of legal rights that the owner has to possess, use, and enjoy the property. Freehold Estate. An estate in land in which ownership is for an indeterminate length of time, in contrast to a leasehold or less than Freehold estate…
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
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? A means of comparing similar type properties, which have recently sold, to the subject property is known as the? Nice work! You just studied 63 terms!
Real estate: Chapter 2 Quiz Flashcards Quizlet
(9 days ago) A real estate agent's right to advertise a property for sale A lender's right to file a lien against a property A power company's right to enter a property to service equipment A tenant's right to exclude others. A real estate agent's right to advertise a property for sale.
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.
Real Estate Quiz Review Flashcards Quizlet
(6 days ago) c) none. Mindy is a high school junior and would like to practice real estate. At what age will she be old enough to apply for a real estate salesperson license? a) 17 years old, provided she has graduated. b) 18 years old. c) 18 years old, or 17 if she has graduated high school. d) 20 years old.
real estate principles final exam Flashcards Quizlet
(6 days ago) 3) enjoyment. 4) exclusion. 5) disposition. real property. the earth's surface extending downward to the center of the earth and upward into space, including all things permanently attached to it by nature or by people, as well as the interests, benefits, and rights inherent in the ownership of real estate. land.
Real Estate 310 Exam 1 Flashcards Quizlet
(5 days ago) One of the "Real Estate Today" sections of the text discussed the case of property owners who had hung a 45" by 25" terra-cotta plaque that depicted three cherubs pouring water from a pail. Their community association sued them to remove the plaque, arguing that it was in violation of the restrictive covenants. What was the outcome of this case?
Real Estate Key Terms ( Flashcards Quizlet
(4 days ago) A real estate broker in an office other than the listing broker's who will show the property to buyers. The sub-agent has a fiduciary responsibility to the seller even though he is showing the house to a buyer. The seller would be the client and the buyer the customer in the typical sub-agency relationship.
Real Estate Part 1 Unit 5 Flashcards Quizlet
(8 days ago) Real Estate Part 1 Unit 5. Define "undivided interest" in real estate. When two or more owners share ownership, the interest of an individual owner is undivided and indivisible in the sense that it pertains to a fractional part of the entire estate, not to a physical portion of the real property. Discuss how the right of possession determines
Real Estate: Chapter 5 Quiz Flashcards Quizlet
(9 days ago) Real estate commission rates: (a) are established by the Bureau of Real Estate. (b) should be no lower than 2 percent. (c) should be no higher than 10 percent. (d) are not fixed by law. (d) are not fixed by law. A real estate seller must disclose: (a) only visible property defects. (b) structural additions or repairs only if made by the seller.
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 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 …
Real Estate 30 Hr Flashcards Quizlet
(Just Now) An affiliate broker whose license was originally issued on or after July 1, 1980, must satisfactorily complete _____ classroom hours every two years in real estate courses at any school, college, or university approved by the commission.
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
Real Estate Chapter 1 EXAM Flashcards Quizlet
(9 days ago) PLAY. 1. Abby is a high school teacher but wants to get her salesperson's license in order to rent real estate during the summer months. Which of the following requirements must Abby satisfy in order to obtain her license? 2. David, a real estate salesperson, was subject to a fine by the Department of State for a material misrepresentation
TN Real Estate Flashcards Quizlet
(7 days ago) Real estate includes all this plus all man-made things permanently attached to the earth. Define special purpose real estate and give an example. Property that has a unique use to the persons who own and use it, such as churches, hospitals, schools and government buildings. Name the five major rights included in the bundle of rights to real estate.
Unit 7: Texas Real Estate License Act Flashcards Quizlet
(9 days ago) The primary purpose of the license law is to. (1) protect the public from dishonest or incompetent brokers or salespeople, (2) prescribe certain minimum standards and qualifications for licensing brokers and sales agents, (3) maintain high standards in the real estate profession, and.
Texas Principles of Real Estate 1: Exam Prep Flashcards
(6 days ago) Moral principles that govern a person's or group's behavior. Ethics. An exact way of describing real estate in a contract, deed, mortgage, or any other document that will be accepted by a court of law. Legal Description. The process of precisely determining the area, dimensions, and location of a piece of land.
Chapter 2: Rights in Real Estate (Real Estate) Flashcards
(6 days ago) The level of government that is primary regulator of the real estate business is. the state. Which of the following is included in surface rights? Water rights. A lease is an example of a(n) transfer of a portion of the bundle of rights. The physical limits of land are.