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Exam (elaborations)

IL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIED

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IL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIED Brokerage - ANSWER-Is the business of bringing people together in a real estate transaction. Real Estate Licensee - ANSWER-Acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. Sponsoring Broker - ANSWER-All licensee's are employed by this; and they conduct brokerage services on behalf of that sponsoring broker. The sponsoring broker is ultimately responsible for the actions of all licensee's working under the umbrella of that particular firm. Appraisal - ANSWER-Is the process of estimating a property's market value based on established methods and the appraiser's professional judgment.

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Institution
IL STATE
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IL STATE

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Uploaded on
May 25, 2024
Number of pages
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Written in
2023/2024
Type
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Questions & answers

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