Maven

1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... the process of determining the present value of a property from it's f...

Geographic Farm An area of neighborhoods or subdivisions that is serviced by your firm. MArketing Plan A plan by which you develop to gain plan recognition. Differentiate Becoming different in your approach through growth and development. Economic farm All the properties in a particular price range, in the area your firm services. Hot Buttons Words or content by which top producers are using to be successful. Which of the following is not a method for selecting a farm area that is discussed...

1. When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include A. fences B. walkways C. sewer systems D. streetsFences . Real estate is property, which can be either a tangible or an intangible asset. Which of the following would be considered an intangible asset? A. Land B. Building C. Mortgage D. FenceMortgage If we desire to classify land by its use, land that does not include any improvements to the la...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? If the tenant has loud parties, makes too much noise, and is constantly dis...

NAME RECOGNITIONComes from developing a marketing plan that is outside the box, something that separates you from others. Devising a 12 Month Marketing PlanA key habit of successful, professional agents. Planning in advance not only allows you to properly budget, it also ensures that you do not over commit to any one buyer or seller. Zero Cost ApproachGetting business that does not cost money. I.E. Arriving early and staying late to take call-ins. Minimum Cost ApproachMake a name for ...

Geographic farmAn area of neighborhoods or subdivisons that is serviced by your firm. Marketing planA plan by which you develop to gain name recognition A plan by which you develop to gain name recognitionBecoming different in your approach through growth and development Economic farmAll the properties in a particular price range, in the area your firm services Hot buttonsWords or content by which top producers are using to be successful. Which of the following is not a method for selecti...

Geographic FarmAn area of neighborhoods or subdivisions that is serviced by your firm. MArketing PlanA plan by which you develop to gain plan recognition. DifferentiateBecoming different in your approach through growth and development. Economic farmAll the properties in a particular price range, in the area your firm services. Hot ButtonsWords or content by which top producers are using to be successful. Which of the following is not a method for selecting a farm area that is discussed in t...

NAME RECOGNITION Comes from developing a marketing plan that is outside the box, something that separates you from others. Devising a 12 Month Marketing Plan A key habit of successful, professional agents. Planning in advance not only allows you to properly budget, it also ensures that you do not over commit to any one buyer or seller. Zero Cost Approach Getting business that does not cost money. I.E. Arriving early and staying late to take call-ins. Minimum Cost Approach Make a name ...

Article 12-A of the NYS Real Property LawThe section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age SponsorA licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission"Obtained after your register for the New York State Salesperson exam using eAccessNY. You mu...

With a customer wantsIn virtually all cases, agents are responsible for delivering... Form utilityDescribes how property is made available when and where the customer wants it Place strategyWhen considering the best media to reach the target market, the agent is addressing? Place utilityProperties must be at a convenient location for the customers, is what kind of utility? Possession utilityCredit must be available, buyer must be able to buy, in the property must be deliverable, is wha...