Metro brokers - Study guides, Class notes & Summaries

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...

©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...

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...

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...

Metro Brokers 2020 150 Questions Final Exam Questions With Answers Latest Update What is your take home from a if the total commission for the sale was 6%, which equaled $13545.00, if you have a 70/30 split with your broker? a) $6772.50 b) $4740.75 c) $3254.76 d) $6000.00 - CORRECT ANS -b) $4740.75 What is a CAM license for? a) Listing property b) Managing apartment building c) Managing building projects d) Manager of a subdivision association - CORRECT ANS -d) Manager ...

Most common reason a property fails to sell is - Answer- price Matching human needs with goods or services to meet those needs is the process of - Answer- marketing _____________________ is a key personality trait of a successful agent - Answer- problem solving 3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction Four P's of marketing real estate - Answer- product, promotion, price and place How can you know your prod...

Metro Brokers Final Exam Practice Test 2020 Questions With Answers Latest Update 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, th...

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) Manag...