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ACEABLE AGENT-TEXAS REAL ESTATE COMPILATION BUNDLE

ACEABLE AGENT-TEXAS REAL ESTATE COMPILATION BUNDLE

27 items

Principles of Real Estate 1 Final Exam with complete solutions.

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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 The market...

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principal of real estate 1 final exam with 100% correct answer

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1x sold

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 occ...

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RealEstateU Texas Real Estate Principles Part 1 Final Exam questions and answers

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supply The amount of goods offered for sale within a given market at a given price during a given time period. General Agent A property manager is an example of what type of agent? Special Agent A real estate agent is an example of what type of agent? Residential, Commercial,...

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Principles of real Estate 1 (30-hours) FINAL EXAM Texas with complete solutions

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emblements are best described by which of the following? Harveststable plants what states that a party, or parties, associated with a contract will cover certain losses or expenses incurred by another party under the contract? An indemnification clause which of these is NOT one of th...

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(1) Real Estate Exam Principles of Real Estate 1

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The purpose of the TRELA is to... protect the public against unscrupulous brokers and salespersons. What is required to obtain a license in Texas? be a resident of Texas at least 18 yrs of age at the time of application, be of good moral character, must show competency by passing the exam ...

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121 Principles of Real Estate Final Exam Review questions and answers

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1. The listing is always taken in the name of the _________ and becomes the property of the ___________. A. Broker—salesperson B. Salesperson—seller C. Broker—broker D. Broker—seller C. Broker- broker A deed is used to transfer ownership of real estate. A bill of sale would be...

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Principles of Real Estate - Final Exam I(solved)

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A broker's license is suspended for one year. His salespeople: Send the license back to TREC and wait for it to be reinstated. A report of all the insurance claims made on a property is called a: Clue The government receives the authority to take the property of one who dies without...

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Texas Principles of Real Estate 1

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brokerage The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a f...

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Allied Texas Real Estate Principles 1 Final Exam with solutions

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Encumbrance A claim, charge, or liability that attaches to and is binding on real property? Title VIII of the Civil Rights Act of 1968 and Fair Housing Amendments Act of 1988 The two pieces of legislation that comprise the Fair Housing Act commission Agreement A contract between a c...

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Texas Principles of Real Estate 1 (Exam Prep) with complete solutions

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The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climat...

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Principles of real estate final exam with complete solutions

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Why have the states passed laws that require real estate brokers and sales agents to be licensed? to protect the public What year was the TRELA passed? 1949 What is the potential fine for acting as a sales agent or broker in Texas without a license? 4,000 Who may be a Realtor...

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Texas Principles of Real Estate 1 (Exam Prep) with 100% correct answers

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The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climat...

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Texas Principles of Real Estate Express Exam with 100% complete solutions

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What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? T...

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Principles of Real Estate 1 EXAM REVIEW (solved)

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Which of the following is an example of a limited common element? Parking Space A married couple buys a home for $400,000. Five years later, they sell it for $550,000. How much of their sale is taxable capital gain? $0. They get a $500,000 capital gains tax exclusion, and they made $150,...

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Texas Principles of Real Estate 1 exam questions and answers

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Real Estate Broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee. Real Estate Salesperson A person performing any of the acts included in the definition of real estate broker but while associat...

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Texas Pre-License-Principles of Real Estate 1 exam with complete solutions

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Apartment Locator a real estate license holder who locates dwelling units for prospective tenants Tenant one who possesses a property under lease without ownership Broker someone who assists in buying and selling to receive a commission Client the person that an agent is rep...

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Texas Real Estate Principles 1 2023/24 update with 100% complete solutions

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Trec Commision Membership 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC 18 years old a US citizen...

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Allied Real Estate Principles 1 Final Exam with complete solutions

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Equal Credit Opportunity Act (ECOA) The law that ensures all consumers an equal chance to obtain credit is: street address is an informal reference and is not sufficient for a legal description client/broker One of the significant factors in any agency relationship is the liability that...

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AYPO Real Estate Principles of Real Estate I Exam Study Guide questions and answers

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TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which ...

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Texas Principles of Real Estate 1 Quiz Questions and answers

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Special Agent A real estate agent is an example of what type of agent...? Universal Agent General Agent Special Agent Specific Agent Market Comparison Approach A means of comparing similar type properties, which have recently sold, to the subject property is known as the...? Cost A...

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Champions Real Estate - Principles 1 Exam 2020 questions and answers

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brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Generally responsible for the day to day operations of the p...

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Principles of Real Estate 1- Champions School of Real Estate

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a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification D.) Modification The supply of Real Estate is affe...

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Champions real estate principles of real estate 1 in 2022

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brokerage A business that pertains to overseeing the needs of the parties and completing a transaction they may or may not involve agency relationships Real Estate Development Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial...

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Aceable Agent Texas Real Estate Principles I questions and answers

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2x sold

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller r...

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Principles of Real Estate 1- study guide Austin Inst questions and answers

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Texas Real Estate Agent A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? No. There are two types of licenses: broker's and salesperson's license ...

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Real Estate Principles Final Exam questions and answers

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Anything that is fastened or attached to real property permanently is considered to be: Real Property A quitclaim deed releases all present claims, rights and title of the: Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor woul...

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