Metro broker - Study guides, Class notes & Summaries

©SIRJOEL EXAM SOLUTIONS 11/3/2024 10:54 PM Metro Broker Academy Final Practice Test Questions With 100% Verified 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 - answerb) $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...

A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger location. Can he take the booths and save some money? a. No, the booths are attached to the building b. Maybe, depends how he attached the booths c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. d. Yes, the booths are trade fixtures and can be removed any time e. No, the booths are fixtures since they are attached. - c. Yes, the booths are trade fixtures and can ...

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...

METRO BROKERS FINAL UPDATED Actual Exam Questions and CORRECT Answers What is the function of a Bill of Sale? Of a Deed? - CORRECT ANSWER- Answered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ - CORRECT ANSWER- land , attachments / appurtenances ( runs with the land )

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...

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...

How does a broker prove they are not culpable if an agent makes a mistake? - ANS 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? - ANS Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be remove...

Metro Broker Academy Final Practice Test 2023| 2024 with complete solution

What is the function of a Bill of Sale? Of a Deed? - ANS Answered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ - ANS land , attachments / appurtenances ( runs with the land ) Real property includes what three (3) rights? Might these rights be separated? How? Answered by__________ - ANS water rights , minerals rights, air rights These can be sold or lease...

Metro Broker Academy Final Practice Test 2021 With Complete Solutions.