Exam (elaborations)
WRA Chapter 1 Vocabulary Questions & answers with Complete solutions | Latest edition
- Course
- Institution
WRA Chapter 1 Vocabulary Questions & answers with Complete solutions | Latest edition
[Show more]
Seller
Follow
EXAMQA
Reviews received
Content preview
WRA Chapter 1 Vocabularyagency - CORRECT ANSWER-foundation upon which real estate brokerage is
practiced
licensee - CORRECT ANSWER-any person licensed under state law to practice
real estate
broker - CORRECT ANSWER-a person for another person, and for commission,
negotiates/offers a sale, exchange, purchase or rental
pattern of sales - CORRECT ANSWER-5 sales/exchanges in one year is
presumptive evidence of this
exchange - CORRECT ANSWER-tax-planning tool for a property owner to
exchange one property for another
option to purchase - CORRECT ANSWER-agreement to keep open for a period
of time, an offer to sell or lease property
optionor - CORRECT ANSWER-seller
optionee - CORRECT ANSWER-buyer
business sale - CORRECT ANSWER-any type of business that is for sale
including the goodwill of an existing business and all the assets
salesperson - CORRECT ANSWER-any licensee who is associated with a firm
agent - CORRECT ANSWER-acts on behalf of a principal and carries out the
directions of the principal
client - CORRECT ANSWER-party to a transaction who has an agency
agreement with a firm for brokerage services
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83637 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now