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What is Farming? : Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? : Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not ...

actual notice : own it Constructive notice : record something in public records How Is Real Estate Recovery Funded ? : by fees & fines Eminent Domain : government has right to take away public use citizens can't refuse to sell) immune properties : government owned lot & block : residenti...

Involuntarily Inactive : When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses : Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature...

1. The real estate market is local in nature what does that mean? : Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Prov...

Tract building : When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level : Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cos...

Which of the following statements is true regarding a mortgage loan originator? : A mortgage loan originator must have a separate license. A real estate appraiser's fee for professional service is based on which of the following? : The time and difficulty of the appraisal Which of the following...