Magnolia School of Real Estate _ Study Guide
Magnolia
& Exam
School
Review.pdf
of Real Estate _ Study Guide & Exam Review.pdf Page 1 of 192
Magnolia School of Real Estate | Study
Guide & Exam Review
Magnolia School of Real Estate _ Study Guide
Magnolia
& Exam
School
Review.pdf
of Real Estate _ Study Guide & Exam Review.pdf Page 1 of 192
,Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 2 of 192
What is the difference between a rental agent and property manager? (cha 1)
A rental agent works with potential rentals and finds them a rental. A property manager
does the same, but also manages the property after finding the renter.
Why has the field of property management experienced such rapid growth (ch 1)
The increase of absentee owners
Is a property manager that is paid a salary plus on a transactional basis, required to be an
actively licensed broker? (chap 1)
Yes
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 2 of 192
,Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 3 of 192
Our sales associates permitted to perform appraisals (chap 1) (ON EXAM)
Yes.
legally allowed to perform appraisals.
because appraisal is a service of real-estate.
Is a property manager that is paid strictly salary required to be an active broker? (chap 1)
No, only pay a salary.
if paid a commission then he needs a real state license.
word like bonus/ a transactional basis also needs a license
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 3 of 192
, Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 4 of 192
The subject property is a three-bedroom, two-bath home. A comparable property is a
three-bedroom, two and one-half-bath home. An appraiser has determined that the extra
half bath is worth about $2,200. What adjustment should the appraiser make? (ON EXAM)
(chap 1)
Subtract $2,200 from the comparable's transaction price.
IF YOU SEE THIS QUESTION DISCARD ADD OR SUBTRACT FROM SUBJECT!!! IT MUST BE
ADD OR SUBTRACT FROM COMPARABLE!!!
CBS= IF COMPARABLE IS BETTER SUBTRACT!
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? (chap 1)
Speculative home
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 4 of 192
Magnolia
& Exam
School
Review.pdf
of Real Estate _ Study Guide & Exam Review.pdf Page 1 of 192
Magnolia School of Real Estate | Study
Guide & Exam Review
Magnolia School of Real Estate _ Study Guide
Magnolia
& Exam
School
Review.pdf
of Real Estate _ Study Guide & Exam Review.pdf Page 1 of 192
,Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 2 of 192
What is the difference between a rental agent and property manager? (cha 1)
A rental agent works with potential rentals and finds them a rental. A property manager
does the same, but also manages the property after finding the renter.
Why has the field of property management experienced such rapid growth (ch 1)
The increase of absentee owners
Is a property manager that is paid a salary plus on a transactional basis, required to be an
actively licensed broker? (chap 1)
Yes
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 2 of 192
,Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 3 of 192
Our sales associates permitted to perform appraisals (chap 1) (ON EXAM)
Yes.
legally allowed to perform appraisals.
because appraisal is a service of real-estate.
Is a property manager that is paid strictly salary required to be an active broker? (chap 1)
No, only pay a salary.
if paid a commission then he needs a real state license.
word like bonus/ a transactional basis also needs a license
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 3 of 192
, Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 4 of 192
The subject property is a three-bedroom, two-bath home. A comparable property is a
three-bedroom, two and one-half-bath home. An appraiser has determined that the extra
half bath is worth about $2,200. What adjustment should the appraiser make? (ON EXAM)
(chap 1)
Subtract $2,200 from the comparable's transaction price.
IF YOU SEE THIS QUESTION DISCARD ADD OR SUBTRACT FROM SUBJECT!!! IT MUST BE
ADD OR SUBTRACT FROM COMPARABLE!!!
CBS= IF COMPARABLE IS BETTER SUBTRACT!
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? (chap 1)
Speculative home
Magnolia school of real estate.pdf Magnolia school of real estate.pdf Page 4 of 192
