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You must review the material for this section and reattempt the Unit 1 quiz (Attached to the link below) to proceed to the next section.
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For additional practice:
A firm is any business entity including which of the following?
Which of these professions are able to buy, sell or lease real property on behalf of others for a commission?
What are real estate related financial transactions?
Which is the correct definition of residential property ?
“A person who acts on behalf of a real estate broker in providing only community association management services.”
What is a Developer’s responsibility?
Real Estate properties often cost a great sum of money and often people do not have enough to outright purchase a property, which profession is responsible for financing real estate transactions?
What is a Brokerage Agreement?
What is a person who acquires or attempts to acquire or succeed to an interest in land?
What are Ministerial Acts?
Every relationship in which a real estate broker acts for or represents another as a client by the latter’s written authority in a real property transaction.
Any person who is licensed as a community association manager, salesperson, associate broker or broker.
___ any business entity, including, but not limited to, a corporation, partnership, limited liability company, or a sole proprietorship.
Mary is interested in buying land to build on for her hair business. What will we say Mary is?
Which of these professions are able to buy, sell or lease real property on behalf of others for a commission?
A real estate agent must pass an exam to be a
What determines rent in most markets?
What qualifies as a realtor?
Which of the following professionals are responsible for performing a formal estimate of a property’s value
Someone who acts as an agent and brings two parties together for a transaction and earns a fee is called a
Economic base is:
______ in real estate means that no two parcels are the same.
The basic purpose of acknowledgement before a notary public is to ________ when a grantor signs a deed.
While signing a deed a grantor must acknowledge to notary public to _______.
One who establishes the value of a property for taxation purposes is called a
an index used for determining interest rate changes on some adjustable rate mortgages is the purpose of
Who’s responsible for saleperson’s mistakes in a sales contract?
The final decision on a property’s listing price should not be made by the:
An item that was personal property but has been attached to and become part of the real property is known as:
A characteristic that distinguishes personal property from real property is: