Property manager ans - Study guides, Class notes & Summaries

1) What is your take-home from a if the total commission for the sale was 6%, which equaled $13,545.00 if you have a 70/30 split with your broker? a) $6772.50 b) $4740.75 c) $3254.76 d) $6000.00 - ANS b) $4,740.75 Assuming there is a co-broker involved with a 50/50 $13,545.00 / 2 = $6,772.50 (this is the amount split W/your broker) $6,772.50 X 70% = $4,740.75 2) What is a CAM license for? a) Listing property b) Managing apartment building c) Managing building projects ...

Department of State responsibility? - ans-Responsible for issuing real estate licenses, pock cards, and handing down disciplinary action. Article 12-A NYS real property law outlines - ans-Roles and responsibilities of department of state. Typical commission in NY? - ans-6% Commissions are ______ and determined by____? - ans--Negotiable -both client and broker Blind ad - ans-An ad that remains anonymous as to who is advertising. Which is illegal What must be incl...

Missouri Real Estate 48 Hour Course Unit Quizzes MO Law Questions and Answers c. license law - Ans:-Chapter 339 of the Missouri Statutes is known as: a. Law of agency b. code of ethics c. license law d. administrative commission code c. her commission would be based on her agreement with her broker - Ans:-A salesperson licensed in another state but NOT in MO comes into MO and refers her brother to a RE company in MO to assist him in the purchase of a home. The salesperson did this with ...

Which of the following is a tenancy that has a specific lease term? - ANS . estate for years Which of the following statements is correct regarding a municipal lien search? - ANS . a and c, but not b Which of the following does a survey not show? - ANS Location of furnishings within the dwelling If the annual net operating income of a property is $40,000 and the capitalization rate is 8.5% per year, what would be the estimated value of the property based on an...

CEBS - GBA 1 AND 2- PRACTICE EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? Ans- The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables?...

Colibri Real Estate (Real Estate Express) Final Exam Review 2023 Questions and Answers Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a b...

RECA Commercial Unit 2 Correctly Solved Exam [100% Correct] Commercial real estate properties exhibit several features that set them apart from other investment types. These features include the following: (x10) **Answer:** 1. They involve land 2. Transaction timelines are long 3. High transaction costs 4. Expensive assets 5. Durable, long-lasting properties 6. Heavily regulated 7. Prolonged production cycle 8. Require intensive management 9. Unique and heterogeneous as...

DC Property Managers Study Guide (Complete) 2024 Questions & Answers Already Passed!! Management Plan - ANS Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing the property ma...

Which of the following is true regarding formal groups? A) They are natural formations that arise in response to the need for social contact. B) They lack clearly defined structures and roles for their members. C) They have negligible impact on employee performance and behavior. D) A group of people who come together to protest against a new law make up a formal group. E) They are marked by stipulated behaviors in pursuit of organizational goals. Ans- They are marked by stipulated behavi...

CON 3900 Practice Exam: Questions & Answers Latest 2024/2025 (100% Correct) Market research is conducted during which phase of acquisition? (Ans- All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? (Ans- Deviation Simplified Acquisition Procedures (SAP) should (Ans- Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? (Ans- DD Form 1547, Weighted Guidelines Method What type(...