What is a sellers agent - Study guides, Class notes & Summaries

TESTBANK FOR Corporate Finance, 3rd Edition by Jonathan Berk and Peter DeMarzo Corporate Finance, 3e (Berk/DeMarzo) Chapter 1 The Corporation 1.1 The Four Types of Firms 1) A sole proprietorship is owned by: A) one person. B) two of more persons. C) shareholders. D) bankers. Answer: A Diff: 1 Section: 1.1 The Four Types of Firms Skill: Definition 2) Which of the following organization forms for a business does NOT avoid double taxation? A) Limited partnership B) "C" corpora...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

GA MLS Cram Course Questions and Answers 100% Pass 31 days A licensee should search the National Do Not Call Registry on a regular basis and drop registered consumer phone numbers from their call lists. This should be done at least once every 10 business days Under the CAN-SPAM Act opt-out request must be handled within Yes, the agent can call for up to 3 months after the consumer makes an inquiry A potential buyer attends an "open house" on a listed property and inquires about...

B In Tennessee, what does having a designated agent help a brokerage to avoid? A. Facilitation B. In-house dual agency C. Single agency D. Transaction brokerage A Someone in Tennessee who's been given the authority to act on behalf of someone else is a(n) ______. A. Agent B. Client C. Mortgage lender D. Trustor B Mike is applying for an affiliate broker license. What type of written examination requirement does this type of license have? A. The applicant isn't require...

REPL EXAM QUESTIONS WITH COMPLETE ANSWERS LATEST 2023/2024 (100% Verified). A $1.5 billion agency regulating one million professionals and businesses across some 200 licensee categories in Florida is: - Answer The Florida Department of Business and Professional Regulation. Who elects the Chairperson of the FREC? - Answer The FREC Members What is the primary mission of FREC? - Answer To protect the public Nelson just received his Florida license. Which of the following will NOT be on the li...

Real Estate Business - Answer-Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Answer-Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** - Answer-***Follow Up. ...

National Real Estate Exam – Hawaii Questions and Answers 100% Pass In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens - Correct Answer ️️ -no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given - Correct Answer ️️ - constructive notice. A salesperson lists a property with a contract that allows for sub agency an...

If an owner wants to list a property for sale "as is", the listing agent should Questions the seller to any know defects - Question the seller to any known defects When valuing a three- bedroom home in a neighborhood a very similar properties, one- comparable has four bedrooms. After determining the fourth bedroom at approximately $8000 to a homeowners value, what adjustment should be made? Subtract $8,000 from the value of the comparable property - Subtract $8,000 from the value of the com...

COLORADO CONTRACTS EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ VERIFIED. Who would NOT have an obligation to inform the seller of buyer's financial inability to perform the contract? Lender If a licensee has knowledge that the buyer may not have financial ability to purchase a home, who licensees must notify the seller of this fact? Buyer, Transaction Broker, Seller's Agent A transaction-broker working with both seller and buyer in the same transaction must advise e...

National Real Estate Exam Questions and Answers 100% Pass A purchase contract required that the property be free of tenants when the property conveyance occurred. On the day of closing, the tenants were still living in the property. Who is responsible for ensuring that tenants vacated the property prior to closing? A. Buyer B. Sellers Agent C. Seller D. Listing Agent Seller A real estate broker enters into an agreement to represent a buyer who is seeking a property to pur...