Realestateu - Study guides, Class notes & Summaries

The execution of a contract by which the contracting parties are automatically discharged of their obligations under it is known as...? - Performance Which of the following is an example of consideration? - Money, personal services, cash A State law requiring certain contracts to be in writing and signed before they will be enforceable at law is known as the? - Statute of Frauds Which of the following is an example of a forbearance contract? - Options contract A valid contract must be ____...

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2024 100% Graded A 20242025

The amount of goods offered for sale within a given market at a given price during a given time period. correct answer: supply A property manager is an example of what type of agent? correct answer: General Agent A real estate agent is an example of what type of agent? correct answer: Special Agent The general uses of real property include the following: correct answer: Residential, Commercial, and Industrial A means of comparing similar type properties would have recently sold t...

Salesperson's Sponsoring Broker correct answer: a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent correct answer: An agent with full authority over one property of the principle. EX: Property Manager. Supply correct answer: Te amount of goods offered for sale within a given market at a given price during a given period. Specific Agent correct answer: Agent with limited authority to act on behalf of the principal, such as a listin...

Nys Realestateu final exam 2023 Article 12 A - Correct Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers Sponsor - Correct Answer A licensed real estate broker that holds the license of a salesperson Misdemeanor - Correct Answer A crime punishable by up to a year in prison and / or a $ 1,000 fine . Listing Agreement - Correct Answer An employment contract between principal and agent , authorizing the agent to perform services for th...

At a closing Buyer Betsy and George were provided a deed to transfer the property to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issues at all with the title of the property? - Answer- General Warranty Deed When transferring the property to Buyer Betsy and George the seller would need to sign the deed as the ______ and Buyer Betsy and George would need to sign the deed as ________? A. Grantor/Grantee ...

supply - The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - A property manager is an example of what type of agent? Special Agent - A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - The general uses of real property include the following: Market Comparison Approach - A means of comparing similar type properties would have recently sold to the subject property is known...

RealEstateU Texas Real Estate Principles Part 1 Final Exam Questions and Answers 2023/2024| 100% Correct Verified Answers

REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1 FINAL EXAM 2024/2025

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2024 Questions with 100% Correct Answers | Updated & Verified