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

Metro Brokers Academy Questions with Complete Solutions

Metro Brokers Study Guide Final 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...

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. ...

A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger location. Can he take the booths and save some money? a. No, the booths are attached to the building b. Maybe, depends how he attached the booths c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. d. Yes, the booths are trade fixtures and can be removed any time e. No, the booths are fixtures since they are attached. - c. Yes, the booths are trade fixtures and can ...

METRO BROKERS FINAL UPDATED Actual Exam Questions and CORRECT Answers What is the function of a Bill of Sale? Of a Deed? - CORRECT ANSWER- Answered by to sell personal property, deed: sale of real property_____ real estate Real property consists of what two (2) elements? Answered by____________ - CORRECT ANSWER- land , attachments / appurtenances ( runs with the land )

How does a broker prove they are not culpable if an agent makes a mistake? - Ans️️1. 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? - Ans️️Trade 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 ...

A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger location. Can he take the booths and save some money? a. No, the booths are attached to the building b. Maybe, depends how he attached the booths c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. d. Yes, the booths are trade fixtures and can be removed any time e. No, the booths are fixtures since they are attached. - c. Yes, the booths are trade fixtures and can ...