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Unit 1 Real Estate Flashcards Quizlet

1 days ago . 38 people watched

  • Real estate prices may be slow to adjust because real estate is nonmobile and nonstandard, and construction time may be lengthy
  • The demand for real estate is affected by
  • The term demographics does NOT include
  • number of people living in an area.

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Real Estate Flashcards

4 days ago . 22 people watched

  • 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
  • The lessee leases part of his or her premises to another user
  • Identification of a property that is recognized by law, that identifies that property from all …

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REAL ESTATE PRACTICE EXAM Flashcards Quizlet

8 days ago . 45 people watched

  • 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.

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Real Estate Ch.6 Flashcards Quizlet

8 days ago . 36 people watched

  • 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.

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Real Estate Exam Flashcards Quizlet

9 days ago . 36 people watched

  • 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
  • 2 of 10 - Radon gas can be traced back to.

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Real Estate Principles Flashcards Quizlet

5 days ago . 42 people watched

  • 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

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Real Estate Part 1 Unit 8 Flashcards Quizlet

8 days ago . 45 people watched

  • 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

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Real Estate Practice Exam 2 Flashcards Quizlet

Just Now . 47 people watched

  • 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:

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Real Estate, North Carolina Flashcards Quizlet

9 days ago . 47 people watched

  • Requires brokers to have specific knowledge of their local real estate market to serve their buyers and sellers
  • Land is a permanent commodity, and it cannot be destroyed
  • Makes land attractive as a long-term investment

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Real Estate Flashcards Quizlet

4 days ago . 31 people watched

  • 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.

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Real Estate Principles Flashcards Quizlet

5 days ago . 42 people watched

  • 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?

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Real Estate National Exam Flashcards Quizlet

8 days ago . 45 people watched

  • 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.

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Real Estate Flashcards Quizlet

4 days ago . 31 people watched

  • 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.

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National Real Estate Flashcards Quizlet

3 days ago . 40 people watched

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.

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30 Hr WA Real Estate Practice Exam Flashcards Quizlet

7 days ago . 54 people watched

  • 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.

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Principles Of Real Estate 1 Final Exam Flashcards

1 days ago . 50 people watched

  • 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.

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Real Estate Chapter 6- Violations Of License Law,Penalties

4 days ago . 59 people watched

  • Start studying Real Estate Chapter 6- Violations of License Law,Penalties and Procedures
  • Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Real Estate Exam #4 Flashcards Quizlet

1 days ago . 39 people watched

  • 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.

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Real Estate 75 Hour Course Flashcards Quizlet

8 days ago . 46 people watched

  • Real estate agents, lender, title insurance agents, attorneys, appraisers, home warranty agents, property inspectors, & closing agents
  • What is the purpose of the good faith estimate & who must provide it.

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REAL ESTATE QUIZ 9 Flashcards Quizlet

1 days ago . 38 people watched

  • 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 …

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Real Estate Finance And Investment Flashcards Quizlet

7 days ago . 54 people watched

  • 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

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Real Estate: Chapter 5 Quiz Flashcards Quizlet

9 days ago . 47 people watched

  • 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.

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Real Estate Mock Exam 3 Flashcards Quizlet

6 days ago . 43 people watched

  • 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:

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Unit 16: Real Estate Appraisal Flashcards Quizlet

2 days ago . 50 people watched

  • 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
  • From the reproduction or replacement cost of a building, the appraiser deducts depreciation, which represents.

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Real Estate Appraisal Flashcards Quizlet

4 days ago . 41 people watched

  • 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

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Real Estate- Quiz Law 2 Flashcards Quizlet

5 days ago . 43 people watched

  • 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

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Unit 3: Interests In Real Estate Flashcards Quizlet

4 days ago . 52 people watched

  • 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 property owner dies without a will or lawful heirs
  • By what process does the property revert back to

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Chapter 17 Investing In Real Estate And Other Investment

2 days ago . 57 people watched

  • 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 _____ .

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Real Estate State Practice 2 Flashcards Quizlet

1 days ago . 48 people watched

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.

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Real Estate Review 3 Flashcards Quizlet

3 days ago . 40 people watched

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.

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Mosley Virginia Real Estate Test (Practice) Flashcards

4 days ago . 55 people watched

  • - a real estate agent licensed in another jurisdiction - an auctioneer, selling property at a public auction, when employed by the owner
  • a real estate agent licensed in another jurisdiction
  • Broker Steve entered into a listing agreement with Seller Stacey
  • At signing, Stacey received a hard copy disclosure with Steve and the firm's licensed

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Texas Real Estate Flashcards And Study Sets Quizlet

6 days ago . 52 people watched

  • real estate that was once personal property but became real pr… 1
  • agreement or intent of the parties 3
  • a… process by which fixture becomes personal property

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INDIANA REAL ESTATE (LAW PART) Flashcards Quizlet

1 days ago . 50 people watched

  • 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 …

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Gold Coast School Real Estate Questions Ch.1-19 Flashcards

9 days ago . 59 people watched

  • 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.

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About quizlet.com real estate

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…

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FAQ?

How much can you make for real estate?

Real estate is often a referral-based business. Those who are involved in the business longer typically are the most successful. Those with 16 years or more experience earned the highest real estate income: approximately $78,850 on average.

What are the working conditions of a real estate?

Real Estate Agents - Working Conditions. In a typical work setting, real estate agents: Have a high level of social contact. They are in constant contact with buyers, sellers, and other agents. Are often placed in conflict situations in which buyers and sellers may be rude or angry.

What is the most expensive real estate in the US?

Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study. Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows.

What to do to sell your house successfully?

How to Sell Your Home Without an Agent

  1. Evaluate the current market. The first step in learning how to sell your house without a realtor is to get a pulse on your local real estate market.
  2. Choose your list price. When learning how to sell a house by owner, setting the right price for your home is one of the most important steps.
  3. Prepare and stage your house. ...
  4. Take listing photos. ...

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