The nar - Study guides, Class notes & Summaries

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. -correct answer d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA -correct answer c. MIP/MMI...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Chapter 1: The Real Estate Profession + Chapter 2: Getting a Real Estate License Questions And Answers Broker - ANS-Any person, partnership, association, limited liability partnership, limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - ANS-A self-employed salesperson paid on jobs completed rather than hours worked and resp...

What is the largest real estate organization? "NAR"- National Association of Realtors What are members of NAR called? Realtor Associates What is the difference between the word broker and the word realtor? Broker=Real Estate Licensee Realtor=Real Estate Licensee who is a member of NAR Real Estate Land and Human-made improvements to the land that are permanently attached (annexed) to it. Land Earth's surface extending downward to the center of the earth and upward to infinity. In...

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST 2024/ACTUAL EXAM QUESTIONS WITH CORRECT DETAILED AND VERIFIED ANSWERS/LATEST UPDATE /ALREADY GRADED A+ What is a REALTOR®? - CORRECT ANS:->>>- a member of the National Association of Realtors®. Which of the following is NOT a category of the NAR® Code of Ethics? - CORRECT ANS:->>>- Duties to lenders Select the statement that describes why trade fixtures are considered personal property.- CORRECT ANS:->>>- ...

Regulation Z requires the disclosure of which of following? A. Respa B. APR C. NAR D. CMA correct answersB. APR Two men own a parcel of land as joint tenants. One of them dies, and his will stipulates that his interest will pass to his wife and, upon her death, to hiss children. What type of estate do the children have? A. Estate in reversion B. Estate in remainder C. Life estate D. No estate correct answersD. no estate Something of value offered by one part and accepted by ...

1. Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license?: - CAM 2. What term is used for the practice of specializing in one particular residen- tial neighborhood or type of property?: Farming 3. empty: 4. upon closing a sales transaction who pays the sales associate their con- tracted commission?: Employing Broker 5. Home sold for $250k with a garage, a home sold in the area for $230k with no garage. From this...

Joe Alpha of ABC Real Estate Corp. has been very successful in buying houses, fixing them up, and reselling them. He put an advertisement in the local newspaper seeking investors to help him purchase property and pay for renovations, promising an excellent return on investment when the properties sold. Do you think that Joe needs a securities broker-dealer license? -Correct Answer No Ellie is very regimented. She likes to be in the office by 8 a.m. and be home by 5:30 p.m. She likes that same...

Oklahoma Real Estate Test Questions with Certified Solutions In general, when the supply of a certain commodity increases Prices tend to drop The cyclic changes in the national economy & the law of supply and demand The real estate market is subject to The typical real estate licensee must have specialized knowledge of a variety of subjects which include of the following Financing, Contracts, & Valuation The regulatory body established by the legislature and empowered to carry o...

Chapter 4 The Narrative-Continuation Page and Follow-up Report Exam