100+ Free Real Estate Practice Exam Questions (February 2023) California Principles Printed Textbook CA12-17.6. The income approach is primarily used for rental properties and this case would be given the most weight in the appraisal process. How does technology affect careers and income? Normally if a background check is required so is the submission of fingerprints although they are usually handled at the same time and do not require additional steps. $160,000 The current interest rate on an adjustable-rate mortgage that does NOT have a reduced introductory rate would be determined by adding the index rate and the margin. There's nothing better than feeling prepared. Any agreement even if it just implied with other brokerages to set a standard commission rate is a violation of the antitrust laws. All states require a high school diploma or G.E.D equivalent. Example: If you list a house on behalf of a seller, you are hired for one specific job listing the house. A condominium is often shortened to condo. Unrestricted use means owners have the right to access it for swimming, boating, and fishing, build docs, etc. 40+ Free Texas Real Estate Practice Exam Questions (February 2023) A legal way to dissolve the relationship when the parties don't voluntarily agree to its termination is called. Remember, if a new offer is accepted two valid contracts could exist, so the first step must be to withdraw the counteroffer. Colibri Real Esate Review 2023 (formerly Real Estate Express) b. their broker. An open listing is when any agent or broker can participate in the listing and is entitled to a commission if he or she produces the sale. A non licensed buyer negotiated the purchase of a house. Hello, welcome to our New York Real Estate Practice Exam. Aceable's practice tests contain 800+ questions that will get you fully prepared to pass. A property owner enters into a listing agreement with an agent. Under these rights, all landowners whose properties adjoin a river or stream, have the right to make reasonable use of it as it flows through or over their properties. Indestructibility meaning land cannot be destroyed or worn out. Can also contaminate groundwater. A month-to-month tenancy is a periodic tenancy that does not have an expiration date and thus runs indefinitely. 25 cards Claudia H. Real Estate Real Estate Principles Practice all cards A real estate sales agent may be employed by: a. any member of the public. In Texas, the score to pass is 56 and 21. Regulate loan transactions involving 1-4 units of residential owner-occupied properties C. Provide a comprehensive licensing database D. Facilitate the collection and disbursement of consumer complaints ANSWER The correct answer is B.
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