Sellers agent - Study guides, Class notes & Summaries

360 Training Lesson Assessments What is the name of an institute that NAR has developed? - The Institute of Real Estate Management Feedback: The NAR has developed special institutes that have designations and certifications in specialized areas of real estate. Examples include the Realtors National Marketing Institute and The Institute of Real Estate Management. Under a listing contract, the real estate firm becomes _______. - The agent of the seller Feedback: Under a listing co...

In addition to disclosures that are mandated on the state level, there are also items that are mandated from the FEDERAL level. They include: correct answers-Lead-based paint -Underground storage tanks -CERCLA 1. ______, ______, and _______ are responsible for providing a Lead-Based Paint Disclosure information to the buyer or renter before sale or lease. 2.______, ______, and _______ share responsibility for ensuring _________ correct answers1. Sellers, landlords, and their real estate ag...

Consumers - ANSWER The DTPA helps protect...? Agents Consumers Sellers Attorneys Before the Prospective Buyer Makes an Offer - ANSWER In order to help prevent the buyer from withdrawing their offer, when should a seller provide a prospective buyer with the property disclosure form...? After the contract is signed with the prospective buyer Before the prospective buyer makes an offer After the prospective buyer's offer is accepted After the prospective buyer's home inspector cond...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

TICO is funded by a. the Ontario government b. consumers c. Ontario registrants d. the Canadian travel industry - ANSWER-c. Ontario registrants TICO works with consumers to ensure that a. they are aware of their rights under the Travel Industry Act, 2002 b. they take their vacations in Ontario c. the travel industry is promoted to consumers d. consumers receive the lowest price from travel agents - ANSWER-a. they are aware of their rights under the Travel Industry Act, 2002 TIC...

1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. - d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capital gain. d. appreciation. - b. leverage. 3. A real estate licensee helps both buyers and sellers with paperwork for transferring property. The licensee is not an agent of either party and may not disc...

Real Estate Principles Final Exam Agent the party authorized to conduct business on the principal's behalf Agency a legal relationship between a principal and an agent Blockbusting the illegal practice of encouraging property owners to sell their homes when minorities begin moving into an area Broker an intermediary who brings together buyers and sellers, assists in negotiating agreements between them, executes their orders, and receives compensation for services rendered Buyer R...

The fact that an individual must go to the land describes what physical characteristics of land? - correct answer Immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has 40%. What type of freehold estate do they have? - correct answer Tenancy in Common A Property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angles. What method of land description is he using? -...

Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN WRITING Principal/Client -Answer-The person for whom the agent acts Typically the party who hires the agents to act on his behalf Could be the buyer in a buyer agency agreement or the seller in a ...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...