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Aceable Agent Level 1,2,3 Exam Bundle Questions and Answers(SCORED A+) $22.99   Add to cart

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Aceable Agent Level 1,2,3 Exam Bundle Questions and Answers(SCORED A+)

Aceable Agent Level 1,2,3 Exam Bundle Questions and Answers(SCORED A+)

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Aceable Agent Texas Real Estate Principles I Exam Questions & Answers 100% Correct(RATED A+)

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Comparative Market Analysis (CMA) -ANSWER - A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license holder to help the seller or buyer determine the market value Seller's Market -ANSWER - a market condition in which the numb...

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Principles of Real Estate 1 EXAM REVIEW With Complete Solutions(VERIFIED BY EXPERTS)Principles of Real Estate 1 EXAM REVIEW With Complete Solutions(VERIFIED BY EXPERTS)

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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? -ANSWER - $0. They get a $500,000 capital gains tax exclusion, and they made $150,000 in profit, so all of their profit is excluded from taxation. Arthur, Be...

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Aceable Agent Principles of Real Estate 2 Exam Questions and Answers 100% Accurate

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Down Payment -ANSWER - The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration -ANSWER - The allocation or distribution of an annual expense across smaller chunks of time Acreage -ANSWER - A unit of measurement used to dete...

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Aceable Agent - Principles of Real Estate II Exam Notes Questions & Answers(GRADED A+)

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PRINCIPAL - ANSWER-What is the term that describes the money that is lent? CASH TO CLOSE - ANSWER-Down payment minus earnest money? TOTAL SALES PRICE - ANSWER-Loan payment + loan principal? ORIGINATION POINTS - ANSWER-Loan points/fees charged 1% to compensate loan officers for underwriting ...

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Aceable Agent - Texas Real Estate 1 Practice Test With 100% Correct Answers

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Real property refers to the land and improvements on it plus the set of rights associated with real estate ownership. - ANSWER-land, and improvements on it plus the set of rights associated with real estate ownership Sponsoring Broker - ANSWER-Sales agents accept commission from Counteroffer - ANS...

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Aceable Agent Principles of Real Estate 2 Practice Test With Rationales Answers

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Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE of this situation? - ANSWER -Any problems that arise after policy purchase are not covered. Which of the following is an e...

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Aceable Agent Exam Questions and Answers 100% Correct

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Tenant - ANSWER -one who possesses a property under a lease without ownership Broker - ANSWER -someone who assists in buying and selling to receive a commission Client - ANSWER -a person or company that buys or leases any product or service Land - ANSWER -the surface of the earth, extending...

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Principles of Real Estate II (ACEABLE AGENT) - Real Estate Appraisal - Level 2 Exam Questions and Answers 100% SOLVED

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General Data - ANSWER-information about the area surrounding a property; this could include the city, region, and neighborhood in which the property is situated Specific Data - ANSWER-information regarding the property itself Limited appraisal - ANSWER-a simpler, abbreviated version of a regul...

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Principles of Real Estate 2 Practice Test Aceable Questions & Answers Solved 100%

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Real Estate Mortgage Investment Conduit (REMIC) - ANSWER -A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): a conces...

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Texas Pre-License - Principals of Real Estate I (Aceable) Questions and Answers(SCORED A+)

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Home inspector - ANSWER-A professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWER-(Physical durability) Land is permanent. It can not be destroyed. Fixit...

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AceableAgent Real Estate Principals 2 Exam Questions and Answers Latest Updated

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Specific Data - ANSWER-Is information regarding the property itself. Principle if Anticipation - ANSWER-The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. Principle of Contribution - ANSWER-The idea that a ...

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Aceable Real Estate Exam Questions & Answers(GRADED A+)

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Industrial Real Estate - ANSWER-Some are suited for industrial property. EX: Warehousing, Storage, Data Centers, Etc. Commercial Real Estate - ANSWER-Primarily made up of property that is used for business. Income producing property EX: gas station, convenience stores, apartment building, e...

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Aceable Agent Principles of Real Estate 2 Key Terms Exam Questions With Accurate Answers

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Loss - ANSWER-a financial loss or decrease in value. Interest - ANSWER-money repaid regularly at a specified rate as compensation for money lent. Principal - ANSWER-the amount lent to a borrower to purchase a house. Mortgage - ANSWER-a secured loan that is tied to real estate, where the bor...

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Aceable Principles of Real Estate 2 Review Exam Verified Questions and Answers

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General data - ANSWER-is information about a property's location. This could include the city, region, and neighborhood in which the property is situated. The appraisal report is usually paid by - ANSWER-the buyer Specific data - ANSWER-information regarding the property itself. What types...

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Aceable Agent: Level 1 Exam Questions and Answers 100% Solved

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Tenant - ANSWER-one who possesses (rents) real property for a period of time, usually under a lease. The property or estate is normally owned by the landlord. Broker - ANSWER-Someone who assists in buying and selling to recieve a commission. Client - ANSWER-The person that an agent is represen...

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Aceable Principles 1 combined, Exam Questions and Answers 100% Accurate

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Reasons for a BPO. 1. The people in the home have asked to refinance the home and the lender does not want to pay for a full appraisal, but they do want to have some assurance that the home is valued at or above what the loan will be. 2. The people in the house are about to be foreclosed on and th...

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Aceable Agent Principles of Real Estate II Level 6 Real Estate Investments Summary Exam With Complete Solutions

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Risk - ANSWER-_______ is the potential for loss or an undesired outcome. After-tax Cash Flow - ANSWER-The_______ is the bottom-line statistic provided by an operating statement. Real Estate Investment Trust - ANSWER-The investor in a _______ enjoys greater liquidity thaan if they owned the pro...

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Principles 1 Aceable Practice Tests Bank With Complete Questions & Answers

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A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date -ANSWER- A)...

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Aceable Agent Principles of Real Estate II Level 3 Real Estate Financing Principles Summary Exam Questions and Answers

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-Supervise financial institutions for safety and soundness -Make large financial institutions resolvable -Manage receiverships -Insures deposits up to $250k per depositor, per account. The Federal Reserve System - ANSWER-Is the nations central bank, and it operates to maintain sound cred...

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Aceable Agent Real Estate Course Exam Questions and Answers(RATED A+)

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real estate - ANSWER-is the land plus improvements. Improvements - ANSWER-is any non-natural structure built on or affixed to land. Buildings, fences, decks, and roads are all examples of improvements, but a tree is NOT (trees are as natural as natural gets, Ernst !). Improvements MUST be permane...

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Aceable Agent Key Terms Level 1 Exam Questions and Answers 100% Accurate

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Tenant - ANSWER-a holder of land rights; a person who holds the right to live in a residence; an occupant Broker - ANSWER-An agent that can own a real estate firm and can hire other agents to work for them Client - ANSWER-A customer that is contractual Sales Agent Apprentice Education (SAE)...

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Aceable Agent – Finance Exam Questions and Answers (SCORED A+)

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TEXAS REAL ESTATE COMMISSION (TREC) 1949 - ANSWER-Which commission was created to enforce TRELA (it's main purpose)? Also regulates educational and licensing programs that maintain standards AND interprets legislation that effects the real estate profession, but these are not it's main function. ...

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Aceable Law of Agency Review Exam Questions and Answers 100% Solved!!

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TREC's purpose is to -ANSWER- regulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity -ANSWER- Satisfy to the commission (TREC) that the candidate meet...

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Aceable Agent | Level 1 | Property Ownership Exam Questions & Answers

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What is an example of PROPERTY? - ANSWER-A can of soup could be considered property - just as a building or a car could - it is ANYTHING that can be OWNED. What is the difference between tangible and intangible property? - ANSWER-Tangible property is something that you could touch with your hands...

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Aceable Agent - Law of Contracts Questions and Answers(GRADED A+)

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DEED OF TRUST - ANSWER-A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. TRUSTEE VS TRUSTOR - ANSWER-A trustee is an individual person given control of property in trust w...

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