Martinndungu1986

A partnership or limited liability partnership - Acting as a broker or salesperson through a partner who is a licensed broker A person employed by an owner - In the sale of structure and land on which structures are located, if the structures are erected by the owner in the course of the owners business. A transaction involving - the sale, lease or transfer of a mineral or mining interest in the real property; the sale, lease or transfer of a cemetery lot; the lease or management of a hotel...

Ad Valorem Taxes - Taxes on real properties (according to value) Adaptation to the property - How the item fits the property Agency - An agency relationship exists when one person (the agent) acts for, or on-behalf of another person (the principal is known as the client). The principal is one who hires the agent and gives authority to the agent. This relationship is a fiduciary (trust) relationship Agent Duties - Obedience, Loyalty, Disclosure, Confidentiality, Accounting, Reasonable care (...

- A respondent of a HUD fair housing complaint has how many days to submit a response...? 5 10 15 30 - The 'C' in the acronym C.O.A.L.D. stands for which fiduciary duty...? Consideration Co-sign Care Conditional - Which of the following property descriptions is not used in the State of Texas...? Government Survey Metes and Bounds Lot and Block All of the above - Who administers the Texas Real Estate License Act...? U.S. Attorney General National Association of Realtors Texas ...

13 members - The Texas Real Estate Broker-Lawyer Committee consist of: 1978 - Seller's lead-based paint disclosure notice is required on residential property constructed prior to: 3600 - An applicant for a broker's license must accumulate at least ______ points based on experience as a real estate licensee. 640 - How many acres are there in a section? 9 members --- 6 year - The Texas Real Estate Commission consists of _____. The commission members serve for ______ terms. A certificate ...

A condominium would be considered as investment property if it is - non-occupant owned. Do real estate trade organizations influence the real estate industry? - The trade organizations influence the real estate industry through the use of codes of ethical conduct How many members does the Texas Real Estate Commission (TREC) consist of? - 9 Real estate professionals perform which of the following functions? - Management and maintenance Salespersons not associated with NAR are known as - rea...

% x list price= - Sales price % x market value= - Assessed value % x original cost= - Profit % x total area= - Usable area % x total= - Part 1 acre= how many sq ft? - 43,560 sq. ft 100% - commission rate x sales price= - Seller's net 100% - depreciation % x original cost= - Depreciated value 100% + appreciation % x original cost= - Appreciated value A complete history of the title of a piece of property is called an - abstract A contract that can be canceled by one of the parties is c...

Administrator - A person appointed by the court to manage the estate of a deceased person who left no will. Affiant - The person who makes and subscribes his signature to an affidavit. Affidavit - a signed statement, duly sworn to, by the maker thereof, before a notary public or other officer authorized to administer oaths. The venue or county wherein it was sworn to should be accurately stated. [more.] Affirmation - A solemn declaration made by persons who conscientiously decline taking a...

1933 Act Section 11 Liability - LAM - Loss by plaintiff (damages) - Acquired by Plaintiff (Need not be IPO) - Material Misrepresentation or Omission of Fact (Registration Statement) Common Law Contracts - RISE - Real Estate - Insurance - Services - Employment Contract Fraud Defenses - MAIDS: - Misrepresentation of Material Fact - Scienter - Induce victim to rely on misrepresentation - Actual and Justifiable reliance by victim - Damages Corporate Adjusted Current Earnings "ACE" -...

taxable income before QBI deduction = - gross income - adjustments - (standard deduction OR itemized deductions) taxable income = - taxable income before QBI deduction - QBI deduction what is included in gross income - wages, interest, dividends, state tax refunds, alimony received, business income, capital gain/loss, IRA income, pension & annuity, unemployment compensation, social security benefits what is included in AGI adjustments - educator expenses, IRA contributions, student loan in...

A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. Deductible casualty losses may result from earthquakes, tornadoes, floods, fires, vandalism, auto accidents, etc. However, a loss due to the accidental breakage of household articles such as glassware or china under normal conditions is not a casualty loss. Neither is a loss due to damage caused by a family pet. - Alex and Myra Burg, married and filing joint...