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real estate Flashcards Quizlet

Details: a real estate agent who is acting as a buyer's agent. should present offers to the seller through the sellers' agent. a listing broker presents his client with a full-price offer from a ready, willing, and able buyer. the seller refuses the offer and tells the broker it's because the buyer is black. the buyer makes an offer on another property

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Chapter 13 real estate Flashcards Quizlet

Details: 4 factors that influence value. 1. demand (related to property popularity) 2. utility (relates to a property's function) 3. scarcity (reflects the marker supply, or lack thereof) 4. transferability (The ease with which the deed can be transferred and the property put to the desired use) Principles of Value. 1.

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ch. 3 Principles of Real Estate 1 Flashcards Quizlet

Details: (a) The rent house (b) The gain on the sale of the house (c) The rental income from the lease of the property (d) All of these are community property 3. The gain on the sale of the house is: (a) Community property (b) Sarah's separate property (c) Bill's separate property (d) None of these are correct 4.

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Real Estate PSI question Flashcards Quizlet

Details: A couple bought a rental house for $195,000. Its assessed value was $180,000. most homes are larger than the sale home. Federal Truth-in-Lending laws are also known as: Regulation Z. The document used in a real estate sale that establishes the legal rights of the buyer and seller is the. purchase contract.

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real estate chapter one Flashcards Quizlet

Details: The Georgia Real Estate License Law gives the Commission the power to do all of the following EXCEPT: * A. pass rules regarding the operation of licensed real estate schools. B. revoke or suspend a license because of misrepresentation. C. set fees for issuing and renewal of real estate licenses. D. regulate fees and commissions charged by

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Real Estate Quiz Review Flashcards Quizlet

Details: c) none. Mindy is a high school junior and would like to practice real estate. At what age will she be old enough to apply for a real estate salesperson license? a) 17 years old, provided she has graduated. b) 18 years old. c) 18 years old, or 17 if she has graduated high school. d) 20 years old.

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NY Real Estate Exam Flashcards Quizlet

Details: Analyzes the operation of laws and regulations that affect the practice of real estate in NY and makes recs to the state legislature. 15 members. Members of the NY State Board of Real Estate. 2 are statutory members → automatically included in the board (secretary of state and the executive director of the consumer protection board.

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Real estate quiz 14- final review Flashcards Quizlet

Details: A real estate licensee selling a personal residence is offering a $1,000 gift card as a bonus paid upon acceptance of the offer to the "first agent to bring in an offer that is acceptable." Since this is the broker's personal residence this is: A. Perfectly legal B. Legal as long as the bonus does not exceed $2,500.00 C.

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Real Estate Final Exam

Details: A real estate professional who assists agents and brokers in the processing of a real estate transaction all the way through escrow is known as a(n): transaction coordinator Real property subject to a …

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Real Estate Market and Analysis Test Flashcards Quizlet

Details: Sally and Jake are ready to give up apartment living and buy a home. Which of the following is a true statement about their situation? If demand is up, the price of the house will be lower.If there are fewer homes for sale in a particular area, prices will be lower.If there are more homes for sale in their area, prices will be higher.The price of homes in their area will depend on the market.

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Real Estate Quiz 100 Flashcards Quizlet

Details: Terms in this set (100) A real estate license is required in Florida if one negotiates a sale as part of a business relationship with: A) another individual and expects compensation related to the transaction. B) an employer and sells real estate as part of his salaried …

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real estate Flashcards Quizlet

Details: Question # 80. Determine how much the selling broker should receive in the following scenario: the property in question sells for 98% of its list price of $1,000,000. The property was listed at a 6.9% selling commission and the split was 52% to the selling broker and …

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Practice exam real estate wrong questions Flashcards Quizlet

Details: Use a 360-day year and a 30-day month. He needs an additional $1,250 in order to make the down payment. .8 (72,250) = 57,800. 73,500-57,800 = 15,700. 15,700 - 14,450 = 1,250. A lender will make an 80% loan-to-value loan on a property that is appraised for $72,250 and sells for $73,500.

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Best Real Estate License Exam Review 5 Flashcards Quizlet

Details: Each unit can gross $2,500 in monthly rent for the owner, and there are no additional income sources from the property. What's the GRM? Bo's real estate ad …

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real estate part 3 Flashcards Quizlet

Details: A house sold for $280,000 and the total commission received by the broker was $21,000 what was the rate of commission? 7.5% (Percent). 21,000/280,000=0.075 = 7.5%. A Property was listed at $127,000 and sold for $125,000, how would the price appear on the settlement statement? Credit the Seller $125,000 and Debit the Buyer $125,000.

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Real Estate CT Study Questions Flashcards Quizlet

Details: A real estate broker acting as a property manager leased a building for 10 years at an annual rent of $48,000. The will receive a commission of 7.5% for the first five years, 5% for the next three

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Real Estate General Practice Exam Flashcards Quizlet

Details: A sale is to close on June 23. Real estate taxes of $2,640 for the current year have NOT been paid. What is the amount of the real estate tax proration to be credited to the buyer? (Use a 30-day month for calculation) a. $168.67 b. $868.67 c. $1,268.66 d. None of these

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Final Exam Prep Flashcards Quizlet

Details: Civil Rights Act of 1866 prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception. A real estate broker has been hired to manage an apartment complex on behalf of the landlord.

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Unit 15: The Real Estate Market and Analysis Flashcards

Details: A 5% vacancy rate (95% occupancy rate) is usually considered indicative of a healthy housing market. As the occupancy rate increases, rental rates tend to increase, and apartment dwellers who have been waiting to buy homes of their own start looking at houses for sale and moving out of apartments.

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Ch 4 Cards Flashcards Quizlet

Details: 1. The rental of property.To attract tenants in New York's Hudson River Valley, Dutch and English manorial lords granted long tenancy leases, with the right to sell improvements- houses and barns, for example- to the next tenants. 2. The rental of property. 3. rental,property, tenants, new york

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REAL ESTATE MATH Flashcards Quizlet

Details: In the sale of a house, property taxes for the current calendar year amounted to $920 and have been paid in full by the seller. The sale is to be closed on September 22. What is the amount of tax proration to be credited to the seller? Use a 360-day year and 30-day month for calculations purposes.

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PA RE Practice Quiz #4 Flashcards Quizlet

Details: A. TRUE. The federal exemptions to fair housing rules include the sale or rental of a single-family home when the home is owned by an individual who does not own more than three such homes at one time (and who does not sell more than one every two years) and when a real estate licensee and discriminatory advertising is not used in the transaction.

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FIN 266 exam 2 Flashcards Quizlet

Details: The household has other debt obligations of $640 per month. 30 year mortgage rates are at 6% (monthly factor = .006), the maximum LTV is .96, and property taxes are 1.2% of property value annually. bring their kids along to look at homes for sale

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Fin 266 Exam 2 Flashcards Quizlet

Details: The T. Williams family purchased its 3 bed home for $97,000 on the outskirts of San Francisco 10 years ago. The initial mortgage loan on the house was for $70,500, but has now been paid down to $53,800. Currently comparable homes are selling for about $185,000.

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Unit 18 Exam Flashcards Quizlet

Details: The fine for a first violation of the federal Fair Housing Act could be as much as. The answer is $19,987. A fine of not more than $19,987 is possible for a first violation. A prospective tenant requests necessary and reasonable modifications to an apartment to accommodate a wheelchair. The modifications.

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63 hour Real Estate practice Exam (first 50) Flashcards

Details: Which individual is exempt from the post-license education requirement for sale associates? A) A Florida real estate sales associate who resides in Georgia B) A Real estate attorney who is an active member of the Florida Bar C) An individual who has attained a four-year degree or higher in real estate from an institution of higher education

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Real Estate: Section 8 Test Flashcards Quizlet

Details: It is a single-family house, and the owner owns only one other rental home in addition to his own residence A broker signs a listing agreement to sell a home for $200,000. An immigrant couple are interested in the house and ask the agent the price.

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Real estate exam (4) Flashcards Quizlet

Details: Taxing real estate according to the value of the property is called: A. Ad valorem. B. Assessment. C. Appraisal. D. Capitalization. A. Ted and Alice are married and bought a house three years ago for $200,000. Two years later they moved out of the house and rented it out on a one-year lease. At the expiration of the lease they sold the house

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FL Real Estate Exam Flashcards

Details: Use the following information to estimate the value of a rental property. The market rent for the subject property is estimated at $725 per month. Round to nearest dollar. Comparable Price Monthly Rent A $82,000 $675 B $90,000 $725 C $84,000 $710

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Study guide Flashcards Quizlet

Details: The subject property is rented for $1,100 per month, which is market rent. You find two sales that are over one year old. One sold for $96,000 and was rented for $1,200 per month.

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Real Estate quiz FIVE, Real Estate Quiz 5, Real Estate

Details: A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providing six months of free rent in the first year as a concession. Using a 10 percent discount rate, what is the effective rent over the three years?

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Unit 9 Flashcards Quizlet

Details: A real estate broker lists a home for sale for $189,500. Later that same day, a prospective buyer comes into the broker's office and asks for general information about homes for sale in the $130,000 to $140,000 price range but refuses representation by the broker's company at this time.

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final exam Flashcards Quizlet

Details: Oklahoma Real Estate License Code specifies that it is acceptable for any person who is a resident of a rental unit may be paid a "resident fee" of not more than $100. The doctrine in agency law which holds that the principal is responsible for the action of agents and subagents is

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Real Estate Principles Flashcards Quizlet

Details: The Real Estate Commissioner enforces provisions of the: Real Estate Law. Real property consist of: -Land and structures on the land. -Anything incidental to the land. -Anything appurtenant to the land. Determining the present value of a property based upon its …

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Unit 9 Exam Flashcards Quizlet

Details: A real estate broker lists a home for sale for $189,500. Later that same day, a prospective buyer comes into the broker's office and asks for general information about homes for sale in the $130,000 to $140,000 price range but refuses representation by the broker's company at this time.

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Real Estate Practices-Chapter 5: Listing Presentations

Details: Properties currently for sale. Gives a clear picture of the asking prices buyers are seeing for similar homes. Asking price is not always a good indicator of the actual selling price of a property. Recently sold property (Include similar properties that have sold within the past three to …

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Key Areas of Concern in Real Estate Practice Flashcards

Details: A. Access to a "rent to own" program for properties when they can't pay the required down payments. B. Complaint process for rejected home offers, even if the offer is significantly below list price. C. Credit to purchase the home of their choice, regardless of ability to repay. D.

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PSI National real estate (often missed) Flashcards Quizlet

Details: The sellers have listed their property for sale because they are its a difficult financial situation and would like to get the house sold quickly. If one of the other sellers in the area ask why that client is selling, the listing agent should respond by explaining what: 1. are motivated 2. need a …

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American HIstory Eighth Edition Chapter 4 Vocabulary

Details: The rental of property. To attract tenants in New York's Hudson River Valley, Dutch and English manorial lords granted long tenancy leases, with the right to sell improvements - houses and barns, for example - to the next tenant

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FIN 266 Exam 2 Flashcards Quizlet

Details: Her gross monthly income has increased from $3,800 to $4,700. She had been renting a 900 square foot apartment for $895 per month until the promotion. She has now moved into a rental house which has 1,250 square feet and rents for $1,075 per month. Using the measures of income and monthly rent, what is her income elasticity of demand for

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Revised Real Estate study guide, Revised final Real Estate

Details: Hannah, A sales associate who works for another brokerage office found the buyer the property. The listing and selling brokers agreed to a 50-50 split between two offices. The property sold for $296,000. The broker could kill 45% of the commission received by the selling office.

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Real Estate Review Flashcards Quizlet

Details: Dry Lake Properties has begun marketing an un-subdivided tract of land for sale just north of the Phoenix metro area. The property proves to be very popular, and lots begin selling at a rapid pace. Three years after the property first went up for sale, it is discovered that Dry Lake marketed the land before it had acquired a public report.

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Section 20: Ethics Law & Practices Flashcards Quizlet

Details: Section 20: Ethics Law & Practices. The original fair housing statute, prohibits discrimination in housing based on race. In 1962, President Kennedy issued this order to prevent discrimination in residential properties financed by FHA and VA loans. Nice work!

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Real Estate Exam #2: Chapters 7-13 Flashcards Quizlet

Details: a property is sold for $5,100,000 with selling costs of 3% of the sales price. the mortgage balance at the time of sale is $3,600,00. the property was purchased 5 years ago for $4,820,000. annual depr allowances of $153,016 have been taken. if the tax rate if 28%, what is the after-tax cash flow from the sale of the property?

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FIN 266 exam 2 practice Flashcards Quizlet

Details: buy homes in urban areas where there are likely to be many employers willing to compete for the services of the employee Suppose a single woman whose annual income is $84,000 also has $120,000 in student loan debt payable on the 20-year plan …

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