Gold coast stuvia - Study guides, Class notes & Summaries

what are the the areas a realtor should be an expert in? - ANSWER-Marketing Valuation & Market Conditions Property Transfer "MVP"

1. The real estate market is local in nature what does that mean? - ANSWER-Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

actual notice -ANSWER own it Constructive notice -ANSWER record something in public records How Is Real Estate Recovery Funded ? -ANSWER by fees & fines Eminent Domain -ANSWER government has right to take away public use citizens can't refuse to sell) immune properties -ANSWER government owned lot & block -ANSWER residential sub-division surgery system Metes and Bounds -ANSWER oldest method of land description & provides the most accurate type of legal descriptions What doe...

What is the post licensing grace period after first expiration ? - ANSWER-none Deposits is a form of... - ANSWER-valuable consideration Physical land and improvements - ANSWER-real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - ANSWER-Yes What is the maximum fine per offense ? - ANSWER-$5,000 per fine Out of state broker sends a customer, and had no part in the transaction and requ...

What is the form you sign that says you will pay the loan back ? -ANSWER promissory note What is the post licensing grace period after first expiration ? -ANSWER none Deposits is a form of... -ANSWER valuable consideration Physical land and improvements -ANSWER real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both -ANSWER Yes What is the maximum fine per offense ? -ANSWER $5,000 per fi...

What is Farming? - ANSWER-Agent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - ANSWER-Must be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - ANSWER-Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ANSWER-Track Building Wha...

Gold Coast Real Estate Final Exam QuestionWhat is Farming? - ANSWERAgent dominates specific area/neighborhood/town Also known as door to door. What are the three areas sales associates must be experts in? - ANSWERMust be experts in Valuation, Marketing, and Property Transfer What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - ANSWERGovernment Law (Environmental) What is It called when a Developer builds a center in track where sales a...

John Stuart Mill, Jeremy Bentham - ANSWER-- a consequence-based theory in which the rightness or wrongness of actions is determined by the outcome of the actions. - cost-benefit analysis principle of utility - ANSWER-the belief that we ought to maximize benefit or good consequences and minimize harm or negative consequences for the greatest number of individuals affected by a situation or our actions. - actions are right in proportion, as they tend to promote happiness, wrong as they produc...

What key knowledge must you have to be involved in Industrial Sales? (Not needed for commercial sales) - ANSWER-Government Law (Environmental) What is It called when a Developer builds a center in track where sales are made? - ANSWER-Track Building What is the period of time called when a Developer holds off approval on project ? - ANSWER-Building Moratorium How long must a sales associate be active to be able to take Broker exam? - ANSWER-24mos within a 60mos period What is a broker...

Realtor -ANSWER 100 test A 40,000 mortgage for a term of 20 years was originated at an 8%interest rate,with monthly mortgage payments of 334.58 what is the principal balance remaining after the second monthly payment ? -ANSWER $39,863.72 If the price of a lot $9 per square food how many square feet are contained in a lot that sells for 27000 -ANSWER 3,000 what is the tax levy of a non-homestead property that is as seed at 36000 with a tax rate of 11 mills? -ANSWER $396 When must a wr...