Real estate u practice - Study guides, Class notes & Summaries

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

Real Estate: Practice Questions and Answers 100% Pass A broker obtained an offer with a deposit from a buyer on June 10, 2008, which states that the offer was irrevocable for five days from date. There had been no acceptance by the next day when the buyer called and revoked his offer. The broker should: get an acceptance by June 15th. get an acceptance by June 16th. return the deposit to the buyer. place the deposit in escrow. return the deposit to the buyer. Informing a person th...

Florida Real Estate U Final Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice OrganizationBest Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect? F...

Colorado Law and Practice - Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -- Land plus appurtenances. - Man-made appurtenances. - Natural appurtenances. - Air, gas, solar, light and sound, mineral and surface rights. - Water rights. Livery of Seisin - Correct Answer ️️ -I own it and I have the right to sell it. 5 Economic Characteristics of Land - Correct Answer ️️ -D - Demand U - Utility or Usefulness S - Scarcity: sells quickly if available...

REAL ESTATE U FINAL EXAM AND FINAL PRACTICE EXAM LATEST ACTUAL EXAM 120 QUESTIONS AND CORRECT DETAILED ANSWERS

Colorado Law and Practice - Real Estate Questions and Answers 100% Pass Real Property - Correct Answer ️️ -- Land plus appurtenances. - Man-made appurtenances. - Natural appurtenances. - Air, gas, solar, light and sound, mineral and surface rights. - Water rights. Livery of Seisin - Correct Answer ️️ -I own it and I have the right to sell it. 5 Economic Characteristics of Land - Correct Answer ️️ -D - Demand U - Utility or Usefulness S - Scarcity: sells quickly if available...

REAL ESTATE U FINAL EXAM AND FINAL PRACTICE EXAM LATEST UPDATE 2024 ACTUAL EXAM 450+ QUESTIONS AND CORRECT DETAILED ANSWERS|ALREADY GRADED A+

Succession Succession: - This aspect of law deals with what happens to an estate (the assets you leave behind) after you pass away. - Estate = the assets, obligations, liabilities, debts, etc. that you leave behind. - Inheritance = what is left once all the debts and liabilities have been paid. - Succession determines who qualifies to inherit. There are 2 types of succession: - 1) Testate = dealing with wills. - 2) Intestate = dealing with no wills. Terminology: - Deceased = person w...

REAL ESTATE U FINAL EXAM Questions With 100% Verified Answers. What discipline may be taken if a salesperson takes a property listing of a broker, after leaving that broker... - answerThe salesperson may lose his/her license Which of the following is NOT exempt from having to obtain a real estate salespersons or broker license to practice real estate...? - answerArchitects A price below which an owner will not sell the property, and at which price a broker will not receive a commission is...