What is a sellers agent - Study guides, Class notes & Summaries

Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Answers Graded A What key areas should be assessed during a home inspection? Key areas include the roof, foundation, plumbing, electrical systems, HVAC systems, and overall structural integrity of the home. Why is it important for real estate agents to understand the inspection process? It is important for real estate agents to understand the inspection process so they can effectively commun...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

TICO is funded by a. the Ontario government b. consumers c. Ontario registrants d. the Canadian travel industry - ANSWER-c. Ontario registrants TICO works with consumers to ensure that a. they are aware of their rights under the Travel Industry Act, 2002 b. they take their vacations in Ontario c. the travel industry is promoted to consumers d. consumers receive the lowest price from travel agents - ANSWER-a. they are aware of their rights under the Travel Industry Act, 2002 TIC...

In-depth yet succinct revision notes of topics from all Commercial Law Lectures, comprising all relevant cases (key facts, decisions, rules) and relevant statutes, as well as some reference to journal articles and other secondary sources. Can be used for exam revision (multiple choice and/or problem/essay questions) as it contains sufficient information needed, or to accompany your coursework research for various topics in Commercial Law. (Please excuse any typos) Contents: Formation of A...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Broker - ANSWER- licensed by the state - intermediary who brings together buyers and sellers - assists in negotiation of agreements - receives commission - executes orders - was a salesperson at some point salesperson - ANSWER- acts under the direction of a licensed broker - licensed by the state - not a broker Yes - ANSWERCan you be a RE agent and NOT a realtor? No - ANSWERCan you be a Realtor and NOT be a RE agent? Legal Aspects of Broker-Client relationship - ANSWER- Pri...

Texas Principles of Real Estate II Exam | Complete with Questions and Verified Answers | Grade A+ | 2024 / 2025 Newly Updated Q: Tim and Sue have the smallest home in a sought-after neighborhood. The value of their home is increased because of the higher value of the other homes in the neighborhood. This is an example of what principle? Answer: progression Q: What aspects of a property site should a licensee consider when collecting information about a seller's property for analysis? Answer: Sh...

The fact that an individual must go to the land describes what physical characteristics of land? - correct answer Immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has 40%. What type of freehold estate do they have? - correct answer Tenancy in Common A Property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angles. What method of land description is he using? -...

National Real Estate Exam – Hawaii Questions and Answers 100% Pass In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens - Correct Answer ️️ -no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given - Correct Answer ️️ - constructive notice. A salesperson lists a property with a contract that allows for sub agency an...