prep agent flashcards

Occurs when there is obvious knowledge of a certain fact which caused a buyer to enter into a contract. It really depends on your level of competence with the materials. submission by the agent of two offers at the same time.

This course works best for those people that have already taken the necessary steps required to take either exam. Yes, if both the buyer and the seller give their consent to dual agency. Start studying Prep Agent. Exam Prep E-Book. The usual listing contract authorizes a broker to: Find a purchaser and accept a deposit with an offer to purchase.

We are considering bringing these types of courses to the market in the future. Jane, a real estate salesperson, advertised in the newspaper that anyone who purchased a home through her would receive a free color television. How long does it take to complete your course?
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Mamatrios. You can access our course from any device and learn at your convenience.
An example of misrepresentation would be claiming that there is no expense on income property. Learn vocabulary, terms, and more with flashcards, games, and other study tools. When a salesperson takes a listing which does not authorize the listing broker to accept a deposit from an offeror toward purchase of the property, the broker should advise his salesperson that: A deposit will be accepted and retained by the broker from the offeror, but only as agent for the offeror; Vivian is a seller who has a change of heart after accepting an offer. Since each broker represents separate sides in the transaction, no relationship exists. Or, contracts may not be cancelled to avoid paying a commission. There are no other fees whatsoever in any way, shape, or form. The method of acquiring another's real property by continued and regular use without permission of the property owner for a period of years. Your methodology of glossary, notes, quizzes, un-timed and timed exams was so perfect in the repetition that it deeply embedded the knowledge for me. Test. Our flash cards will help guide and prepare you to pass the real estate exam. Two days after entering into a contract for the sale of a home, both the buyer and seller agreed to rescind the contract. Get started $59 Basic. This was a very helpful study instrument. How much does an item contribute to the net income of the property, The Value of a more expensive home placed in a neighborhood of less expensive homes will drop in value, Less expensive home will increase in value when placed in a neighborhood with more expensive properties, 1+1=3 process of combining adjacent parcels of land to form one larger parcel the value of the whole parcel will be greater than the sum of the individual smaller parcels, A comprehensive appraisal report is a "complete" appraisal, -examination and comparison of actual sales of comparable properties, -finding out how much it would cost to replace the building brand new, Borrow capital to increase the potential return of an investment, Loan does not fully amortize over its term, Short term loan used to finance the building of a property, Money given during construction loan at agreed upon stages, -long term loans replace interim financing, such as a short term construction loan, Pledging an asset as collateral for a loan while retaining ownership, Current debts will take priority over debts in the future, Provision that permits borrower to satisfy debts in the future, Regulates what the borrower is allowed to pay off and when, Where lenders make mortgage loans directly to borrowers, -does not require a down payment, lender may still require one, A governmental part of the secondary market that primarily deals with va & fha loans, one of the largest purchasers of residential mortgages in the secondary market. Executor for the estate of a deceased person sells property in order to divide the property among beneficiaries. This course is for those that are serious about their future and obtaining their license. By signing up today, you will get the entire 700+ flash card database as well as the entire salesperson or broker course consisting of over 1,200 exam questions, a full glossary, a reference library, and much more. Learn faster with spaced repetition. 1968 act banning refusal to sell or rent a dwelling to any person because of race, color, religion, sex, or national origin. Our site is secured with the latest technology to prevent any malware or private information from being shared.

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