Metro broker - Study guides, Class notes & Summaries

How does a broker prove they are not culpable if an agent makes a mistake? 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed before lease ends by ten...

GA RE Metro broker exam Questions with complete solutions

Metro Broker Academy Final Practice Test Questions with Complete Solutions.

Chattels Correct Answer-personal property Real Estate Correct Answer-Consists of the land itself plus those things which are permanently attached to the land by man (such as buildings) or nature (such as trees) Real Property Correct Answer-The land and the things permanently attached to it. As well as the legal rights and interests that go along with it. Appurtenances (Benefits) Correct Answer-is defined as any right, interest, or improvement which automatically conveys with the ownersh...

Metro Brokers Academy Questions with Complete Solutions

Metro Broker Academy Final UPDATED Actual Exam Questions and CORRECT Answers 1) What is your take-home from a if the total commission for the sale was 6%, which equaled $13,545.00 if you have a 70/30 split with your broker? a) $6772.50 b) $4740.75 c) $3254.76 d) $6000.00 - CORRECT ANSWER- b) $4,740.75

Metro Brokers Study Guide Final Questions With Complete Solutions.

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights correct answer-B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power correct answer-C. eminent domain A private landowner has the right to: A. ...

GA RE Metro broker UPDATED Actual Exam Questions and CORRECT Answers How does a broker prove they are not culpable if an agent makes a mistake? - CORRECT ANSWER- 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop)

Ga Real Estate Exam - Metro Brokers Mid-term Prep Questions with Complete Solutions