Estate auction - Study guides, Class notes & Summaries

1. Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license?: -CAM 2. Whatterm is used forthe practice ofspecializing in one particularresiden-tial neighborhood or type of property?: Farming 3. empty: 4. upon closing a sales transaction who pays the sales associate their con-tracted commission?: Employing Broker 5. Home sold for $250k with a garage, a home sold in the area for $230k withno garage. From this i...

An auction listing contract correct answers Must be written to be enforceable Seller correct answers In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ If a public auction your seller directs you to disregard ethical behavior, you should: correct answers Avoid the seller A real estate deed is a document to determine; correct answers Convey land ownership An auctioneers license number must be displayed on: corr...

1. Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license?: - CAM 2. What term is used for the practice of specializing in one particular residen- tial neighborhood or type of property?: Farming 3. empty: 4. upon closing a sales transaction who pays the sales associate their con- tracted commission?: Employing Broker 5. Home sold for $250k with a garage, a home sold in the area for $230k with no garage. From this...

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

Florida Real Estate Exam (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Florida Real estate sales associates that desire to become brokers must wait _______ ________ before taking the state exam. Answer: one year Q: A tenant in an apartment complex may recieve up to ______ for refferal of a new tenant for the same complex. Answer: $50 Q: ________ ________ education must be completed during the initial sales associates's license p...

Colibri Real Estate (Missouri) Questions and Answers Graded A+ Abandonment Non-payment of taxes Absolute Auction An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:08 / 0:15 Full screen Brainpower Read More Abstract of Title A brief, chronological summary of the recorded documents affect...

Virginia Real Estate Exam Questions and Answers Already Passed If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant to...

B: Salesperson can accept compensation only from their sponsoring broker. - Answers -1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead C. As of July 1,2008 to become a broker you must be 20 years old. - Answers -2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. C: selling land at an auction. - Answers -3-Which of the following acts would requi...

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. correct answersRe-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days aft...

What are the two key elements of successful auctioneering? correct answers Education and product knowledge An auctioneer as a profession can be defined as a: correct answers Marketing specialist What are the aspects of managing an auction business? (4 things) correct answers 1) PLANNING 2) ORGANIZING (put plan into action) 3) MOTIVATING (people to execute the plan) 4)CONTROLLING (measuring the results) What is the best source of leads for estate auctions? correct answers Attorneys a...