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REAL ESTATE BROKERAGE SAE - CHAMPION-S SCHOOL OF REAL ESTATE QUESTIONS AND VERIFIED ANSWERS..

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REAL ESTATE BROKERAGE SAE - CHAMPION-S SCHOOL OF REAL ESTATE QUESTIONS AND VERIFIED ANSWERS

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The Multiple Listing Service


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Shares listings of member firms with each other

Increases the inventory of properties for sale among member brokers


Is used by agents to prepare a Comparative Market Analysis




Supply and demand


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The primary determinants of real estate values

,Multiple Listing Services


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Site where member firms share their listings with other members




Termination


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The ending of the relationship between the broker and the sales agent




The Rights Approach


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Individuals have the right to have their moral rights protected and
respected, and the right to be told the truth, and not to be injured.




Civil Rights Act


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, Prohibits discrimination connected to housing. The Civil Rights Act of 1968
with amendments prohibits discrimination based on race, color, religion,
national origin, sex, families with children, and disabilities




business activity management


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A process that can help brokerage owners to recognize, define, and
analyze critical risks, and opportunities




TREC Safe Harbor Policy


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On signs or any other type of advertising, a broker's name, the brokerage
name, or an assumed name has to be at least 50% of the largest item of
contact information.




ADA


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, Federal law that prohibits discrimination against those with disabilities by
denying them the full and equal enjoyment of goods, facilities,
accommodations, services, and privileges


Penalties for violation of the act are up to $75,000 for the first violation, and
up to $150,000 for subsequent violations.




percentage lease


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A lease commonly used for commercial property, whose rental is based on
the tenant's gross sales at the premises; it generally stipulates a base
monthly rental plus a percentage of any gross sales above a certain
amount




The Common Good Approach


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Ethical standards and actions embrace common conditions that are
important to the welfare (common good) of all.




CRM


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