Aceable Agent Texas Real Estate Principles I Question and answer 100% correct 2023
Aceable Agent Texas Real Estate Principles I Question and answer 100% correct 2023Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license holder to help the seller or buyer determine the market value Seller's Market a market condition in which the number of properties for sale does not meet the demand (number of people looking to buy) Buyer's Market relatively low demand for real estate in the area (it will take 6 months or more to sell a house) Agent A person who acts on behalf of someone else Seller's Disclosure Notice A document filled out by the seller concerning any defects in the improvements on the property Subagent A license holder from one office who represents the se
Document information
- Uploaded on
- December 28, 2023
- Number of pages
- 5
- Written in
- 2022/2023
- Type
- Exam (elaborations)
- Contains
- Questions & answers
