Texas real estate stuvia - Study guides, Class notes & Summaries

Amortization - ANSWER repayment of a loan principal over time based on a predetermined schedule of payments Arrears - ANSWER payment for an item or service after it is received Proration - ANSWER the allocation or distribution of an annual expense across smaller chunks of time square footage - ANSWER Length x Width acreage - ANSWER 1 acre= 43,560 appraial - ANSWER the value of a property, based on factors determined by the opinion of a certified appraiser general data - A...

A mixed number has both a fraction and a: - ANSWER whole number Which of the following must be prorated or divided proportionately between the buyer and the seller? - ANSWER Taxes, insurance, utilities Convert fractions to decimals when doing a real estate math problem by - ANSWER dividing the numerator by denominator Utilities are paid in arrears. Therefore the buyer will end up paying a portion of the seller's bill since the buyer will get the entire bill at month end. On the clos...

Laws of Agency Champions Texas Real Estate questions and answers 2024

The borrower pays the lender interest in exchange what? - ANSWERSPrincipal With an amortizing loan, mortgage payments are paid how? - ANSWERSMortgage payments are structured to gradually pay off both the principal balance and the interest over the life of the loan. These payments are typically made in equal monthly installments. Mikayla, a licensed real estate sales agent, helped her client buy a property outside of Springfield. The listing agreement states that 3% of the sales price will ...

Texas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA Unauthorized Practice of Law - ANSWER-When license holders add provisions to contracts that go beyond the factual business details they are engaging in.. Deceptive Trade practices act - ANSWER- Real Estate Recovery Trust account - ANSWER-Administered by TREC, the purpose of the account is to protect aggrieved individuals who suffer a monetary loss due to illegal acts of license ...

Texas State Real Estate License Exam Questions & Answers (100% Correct)Texas State Real Estate License Exam Questions & Answers (100% Correct)Texas State Real Estate License Exam Questions & Answers (100% Correct)Texas State Real Estate License Exam Questions & Answers (100% Correct)Texas State Real Estate License Exam Questions & Answers (100% Correct) By what date must the current year's real estate taxes be paid in order to avoid a penalty and interest on the taxes? - ANSWER - By January 31...

Real estate has been estimated to represent approximately - ANSWER-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - ANSWER-primary Texas is a: a. Lien Theory b. Title Theory - ANSWER-a. Lien Theory Lien Theory - ANSWER-In lien theory states such as Texas, the security for a mortgage is a lie...

In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - ANSWER-1949 TREC has only _______ promulgated lease forms. - ANSWER-2 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. both a and b - ANSWER-d. both a and b The _______ statute provides that the sender's message must contain clear and co...

Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate 2 Key Terms Questions With Complete Solutions!Texas Principles of Real Estate ...

commercial property - ANSWERSA real estate specialty. Commercial property includes: Office buildings, Retail Stores, gas stations Industrial property - ANSWERSIncludes commercial property used for: manufacturing, storage, distribution centers, research, warehousing Home inspector - ANSWERSA professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWERS...