Metro brokers - Study guides, Class notes & Summaries

Metro Broker Academy Final UPDATED Actual Exam Questions and CORRECT Answers 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 - CORRECT ANSWER- b) $4,740.75

GA RE Metro broker UPDATED Actual Exam Questions and CORRECT Answers How does a broker prove they are not culpable if an agent makes a mistake? - CORRECT ANSWER- 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop)

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights - B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power - C. eminent domain A private landowner has the right to: A. reject a claim for taxes B. repudi...

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 - 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 d) Manager of a su...

GA RE Metro broker exam questions and answers with complete solution

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 ...

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights - B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power - C. eminent domain A private landowner has the right to: A. reject a claim for taxes B. repudi...

GA RE Metro broker Exam Questions With 100% Verified Answers How does a broker prove they are not culpable if an agent makes a mistake? - answer1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? - answerTrade fixture - item of personal property attached to land or building leased by a tenant who ...

GA RE Metro broker exam| QUESTIONS & ANSWERS | VERIFIED & UPDATED | 2024 How does a broker prove they are not culpable if an agent makes a mistake? - Ans️️ 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? - Ans️️ Trade fixture - item of personal property attached to land or building le...

METRO BROKERS FINAL Exam Questions With 100% Verified Answers What is the function of a Bill of Sale? Of a Deed? - answerAnswered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ - answerland , attachments / appurtenances ( runs with the land ) Real property includes what three (3) rights? Might these rights be separated? How? Answered by__________ - answerwater rights , minerals rights, ai...