Real estate ch 6 - Study guides, Class notes & Summaries

Gold Coast School Real Estate Questions Ch.1-19 Questions and Answers Graded A+ 1. The real estate market is local in nature what does that mean? Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the p...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

Real Estate Appraisal Exam 1 Ch 1-6

Real Estate Exam Prep Ch 5 & 6 Champions School Of Real Estate (TEXAS - 2024) Questions And Answers With Verified Solutions 100% Correct!!!

Absolute Immunity A policy of protecting public officials from tort liability (Ch 10) A high-level executive officer can not be held liable for his/her discretionary acts or omissions (Ch 11) Abuse of Process The improper use of various litigation devices. The elements of this tort are 1) An ulterior purpose; and 2) a willful act in the use of process not proper in the regular conduct of the proceedings (Ch 10) Abut Two parcels of land that physically touch one another (Ch 9) ...

A principal empowers an agent to conduct the ongoing activities of one of her business enterprises. This is an example of: Correct Answer-General agency. A property seller empowers an agent to market and sell a property on his behalf. This is an example of: Correct Answer-Special agency. Implied agency arises when: Correct Answer-A party creates an agency relationship outside of an express agreement. A principal instructs an agent to market a property only to families on the north side ...

Real Estate Ch. 6 Factors that affect housing market segmentation include all except: a. household income b. household age c. household size d. household unemployment status e. household lifestyle - correct answer household unemployment status The process of creating a market-defining story includes all of these questions except: a. what is the product? b. who is the customer? c. where is the customer? d. what is the price? e. what is the competition? - correct answer what is the p...

Absolute Immunity A policy of protecting public officials from tort liability (Ch 10) A high-level executive officer can not be held liable for his/her discretionary acts or omissions (Ch 11) Abuse of Process The improper use of various litigation devices. The elements of this tort are 1) An ulterior purpose; and 2) a willful act in the use of process not proper in the regular conduct of the proceedings (Ch 10) Abut Two parcels of land that physically touch one another (Ch 9) ...

Gold Coast School Real Estate Questions Ch.1-19 | 100% Correct Answers | Verified | Latest 2024 Version 1. The real estate market is local in nature what does that mean? - Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowled...