Exam (elaborations)
Aceable Agent Texas Real Estate Principles I Exam with 100% correct Answers
- Course
- Institution
Aceable Agent Texas Real Estate Principles I Exam
[Show more]
Content preview
Aceable Agent Texas Real Estate Principles I ExamBroker's Price Opinion (BPO) - Answer- 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 - Answer- The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount
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 number of properties for sale does not meet the demand (number of people looking to buy)
Buyer's Market - Answer- relatively low demand for real estate in the area (it will take 6 months or more to sell a house)
Agent - Answer- A person who acts on behalf of someone else
Seller's Disclosure Notice - Answer- A document filled out by the seller concerning any defects in the improvements on the property
Subagent - Answer- A license holder from one office who represents the seller through cooperation with the listing broker of another company
Material Fact - Answer- Any fact that is significant or essential to the transaction
Principle - Answer- the individual who authorizes another person to act on their behalf
Intermediary Relationships - Answer- occur when the same real estate office is representing both the seller and the buyer as clients in the same transaction
Third Party - Answer- the individual with whom the agent and principal enter into real estate negotiations. The third party is also sometimes referred to as the customer
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 ALVINK2022. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
