Realtor Study guides, Class notes & Summaries

An important distinction between real and personal property is that personal property: A. Is taxed at a lower rate when sold or transferred B. Is movable C. Requires a different legal description D. Is not subject to supply and demand measures - B The economic and physical characteristics of land can affect its value. Which of the following is an economic characteristic that affects a land's value and use? A. Improvements B. Immobility C.Indestructibility D. Uniqueness - A Why does t...

DONALDSON REALTOR COURSE: PRACTICE OF REAL ESTATE QUIZZES & ANS!!

Florida Real Estate Exam Questions 2023 (With 100% Correct Answers) All questions are from the Florida Real Estate Principles, Practices & Law 45th Edition

An important distinction between real and personal property is that personal property: A. Is taxed at a lower rate when sold or transferred B. Is movable C. Requires a different legal description D. Is not subject to supply and demand measures - B The economic and physical characteristics of land can affect its value. Which of the following is an economic characteristic that affects a land's value and use? A. Improvements B. Immobility C.Indestructibility D. Uniqueness - A Why does t...

An important distinction between real and personal property is that personal property: A. Is taxed at a lower rate when sold or transferred B. Is movable C. Requires a different legal description D. Is not subject to supply and demand measures - ANSWER B The economic and physical characteristics of land can affect its value. Which of the following is an economic characteristic that affects a land's value and use? A. Improvements B. Immobility C.Indestructibility D. Uniqueness - ANSW...

TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE. Which of the following is not a characteristic of value of land? (type out the answer) -Demand -Utility -Scarcity -Taxes -Transferability? taxes  How do you calculate Tax? tax rate x assessed value  form of ownership used by married couples who do not live in a state with community property-has downer and curtesy rights? Tenancy by entirety  two or more people acquire property but ownership is not equal? Tenants in common ...

When may a person use the term REALTOR? - ANSWER after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimited earnings - setting your own hours What is a disadvantage of a career in real estate sales? - ANSWER Not a steady income Most sales persons are hired as? - ANSWER independent contractors Wh...

Florida Real Estate Exam Practice Questions 2022 1. Which statement is true regarding the use of the term REALTOR? A. All real estate licensees are realtors B. All realtors are members of the NAR C. The term real estate licensee and realtor may be used interchangeably D. The Florida DBPR authorizes the use of the term realtor: b. 2. The term "follow-up" refers to a. returning calls in a timely manner

What has a large tract of land and is designated for unit development rather than for a single use? Correct Answer Planned Unit Developments (PUD) Housing What type of leverage occurs when the rate of return exceeds? Correct Answer Positive Leverage What is the APR when you have 10% Loan + 6 points? Correct Answer APR = 10.75% (Remember Divide 6 by 8 years which gives you .75) Somebody that owns a property until they die is what type of ownership? Correct Answer Life Estate The grant...

How many hours required to complete continuing education - 14 hrs. Experience requirement for a sales associate applying for a FL broker license - Must have worked as a licensed sales associate for an active real estate broker for 24 months of proceeding 5 years Realtor - National Assoc. Is voluntary only membership entitles the use of the term Realtor