TREES REAL ESTATE EXAM
PREP HIGH YIELD TOPICS AND
SOLUTIONS MARKET ANALYSIS
ROADMAP
◉ A licensed salesperson acting as an independent contractor with a
licensed broker is
Answer: Responsible for paying his/her own income taxes
◉ When has a real estate broker earned a commission
Answer: When the offer to purchase has been accepted by the
offered and Communicated to the offeror
◉ Dedication is
Answer: A voluntary alienation
◉ A restaurant has been operating in an area that has no zoning
laws. Five years later the property is annexed into the city where
zoning requires residential use only. If the restaurant continues to
operate this is a
Answer: Non conforming use
◉ rectangle/ square formula
,Answer: Area= length X width
◉ Triangle formula
Answer: Area= base X height
2
◉ Trapezoid formula
Answer: Area= height X (parallel side 1 + parallel side 2)
2
◉ Converting fractions to decimal
Answer: Divid top number by button number of the fraction
1/2- 1 divided by 2 = .50 or .5 decimal
◉ Converting % to a decimal
Answer: Move the decimal point to the left two places
125% to decimal is 1.25
◉ Acquisition agent
Answer: Encourage any person to attend a sales presentation for a
time-share program
, ◉ Tennessee real estate broker license act of 1973
Answer:
◉ Tennessee regulatory laws
Answer: Protect the general public in real estate transactions
◉ Adverse facts
Answer: Negative impact on value, reduce the structural integrity,
and significant health risks
◉ Affiliate broker means
Answer: Any person engaged under contract by or on behalf of a
licensed broker
◉ Broker means
Answer: any person who for a fee
◉ Errors and omissions insurance -
Answer: Have insurance or don't have a license
◉ Uniform administrative procedures act
Answer: Govern all matters and procedures respecting the hearing
PREP HIGH YIELD TOPICS AND
SOLUTIONS MARKET ANALYSIS
ROADMAP
◉ A licensed salesperson acting as an independent contractor with a
licensed broker is
Answer: Responsible for paying his/her own income taxes
◉ When has a real estate broker earned a commission
Answer: When the offer to purchase has been accepted by the
offered and Communicated to the offeror
◉ Dedication is
Answer: A voluntary alienation
◉ A restaurant has been operating in an area that has no zoning
laws. Five years later the property is annexed into the city where
zoning requires residential use only. If the restaurant continues to
operate this is a
Answer: Non conforming use
◉ rectangle/ square formula
,Answer: Area= length X width
◉ Triangle formula
Answer: Area= base X height
2
◉ Trapezoid formula
Answer: Area= height X (parallel side 1 + parallel side 2)
2
◉ Converting fractions to decimal
Answer: Divid top number by button number of the fraction
1/2- 1 divided by 2 = .50 or .5 decimal
◉ Converting % to a decimal
Answer: Move the decimal point to the left two places
125% to decimal is 1.25
◉ Acquisition agent
Answer: Encourage any person to attend a sales presentation for a
time-share program
, ◉ Tennessee real estate broker license act of 1973
Answer:
◉ Tennessee regulatory laws
Answer: Protect the general public in real estate transactions
◉ Adverse facts
Answer: Negative impact on value, reduce the structural integrity,
and significant health risks
◉ Affiliate broker means
Answer: Any person engaged under contract by or on behalf of a
licensed broker
◉ Broker means
Answer: any person who for a fee
◉ Errors and omissions insurance -
Answer: Have insurance or don't have a license
◉ Uniform administrative procedures act
Answer: Govern all matters and procedures respecting the hearing
