2025 update |AYPO Real Estate Principles of Real Estate I | latest
|COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS | GET IT 100% ACCURATE!!
Comparative Market Analysis - answers-sales information from MLS data
to show the seller the market value of the property
Listings can be terminated by: - answers-When the purpose of the agency
is completed
the expiration of the time period stated in the Listing contract
At any time by mutual agreement
Death or incapacity of either party
Condemnation or destruction of the property
Bankruptcy of either party
Revocation of the broker's license
Abandonment by the agent
At any time by broker or principal
When given notice of termination the broker must - answers-Cease all
marketing activities
,Remove all signs and lock boxes
Remove the listing from websites and other media
Terminate the listing in the MLS
Procuring Cause of Sale - answers-the individual who, through a series of
uninterrupted activities or actions, brought about the completion of a
contract
Commission Rates - answers-compensation by sellers and buyer are
always negotiable between parties; are not set by the Commission
3 Physical Characteristics of Land - answers-Indestructibility or
durability
Immobility
Non homogeneity
Mortgage Lending - answers-business of providing money to individuals
or corporations for the conditional transfer or pledge of real estate as
security for payment of a debt
,RMLO - answers-Residential Mortgage Lenders Originator
Property Management - answers-Management of residential and
commercial properties on behalf of owner/investor
Apartment Locators - answers-Locates rentals of tenants in multi-family
complexes. Has knowledge of amenities of all complexes in the market
area. Paid a fee by apartment complex for referals
Home Inspectors - answers-Inspects properties for habitability including
HVAC, Plumbing, electrical and construction methods
Real Estate Development - answers-Involves the acquisition of land for
development into residential subdivisions, retail center and commercial
uses
Oil and Gas Landman - answers-Negotiates oil and gas leases with mineral
owners. Title work to determine mineral ownership
TREC - answers-Texas Real Estate Commision
, Education Standards Advisory Cmte - answers-12 members-7 brokers, 4
education board members, 1 public member. Reviews and revises
curriculum standards, course requirements.
NAR-National Association of Realtors - answers-Largest professional
organization for RE profs. Divided into State and Local boards. Operates
the MLS
IREM-Institute of RE Mgmt - answers-Intl cmte of RE managers.
CCIM-Certified Commercial Investment Memeber - answers-Est 1954.
Furthers business practices through education and networking
SIOR-Society of Industrial and office realtors - answers-Professional
affiliate of the NAR. Specializes in industrial, office, sales managers,
executive manager or advisory service
ICSC-International Council of Shopping Centers - answers-Purpose is to
advance the shopping center industry. Promotes commercial distribution
of consumer goods and service
|COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED
SOLUTIONS | GET IT 100% ACCURATE!!
Comparative Market Analysis - answers-sales information from MLS data
to show the seller the market value of the property
Listings can be terminated by: - answers-When the purpose of the agency
is completed
the expiration of the time period stated in the Listing contract
At any time by mutual agreement
Death or incapacity of either party
Condemnation or destruction of the property
Bankruptcy of either party
Revocation of the broker's license
Abandonment by the agent
At any time by broker or principal
When given notice of termination the broker must - answers-Cease all
marketing activities
,Remove all signs and lock boxes
Remove the listing from websites and other media
Terminate the listing in the MLS
Procuring Cause of Sale - answers-the individual who, through a series of
uninterrupted activities or actions, brought about the completion of a
contract
Commission Rates - answers-compensation by sellers and buyer are
always negotiable between parties; are not set by the Commission
3 Physical Characteristics of Land - answers-Indestructibility or
durability
Immobility
Non homogeneity
Mortgage Lending - answers-business of providing money to individuals
or corporations for the conditional transfer or pledge of real estate as
security for payment of a debt
,RMLO - answers-Residential Mortgage Lenders Originator
Property Management - answers-Management of residential and
commercial properties on behalf of owner/investor
Apartment Locators - answers-Locates rentals of tenants in multi-family
complexes. Has knowledge of amenities of all complexes in the market
area. Paid a fee by apartment complex for referals
Home Inspectors - answers-Inspects properties for habitability including
HVAC, Plumbing, electrical and construction methods
Real Estate Development - answers-Involves the acquisition of land for
development into residential subdivisions, retail center and commercial
uses
Oil and Gas Landman - answers-Negotiates oil and gas leases with mineral
owners. Title work to determine mineral ownership
TREC - answers-Texas Real Estate Commision
, Education Standards Advisory Cmte - answers-12 members-7 brokers, 4
education board members, 1 public member. Reviews and revises
curriculum standards, course requirements.
NAR-National Association of Realtors - answers-Largest professional
organization for RE profs. Divided into State and Local boards. Operates
the MLS
IREM-Institute of RE Mgmt - answers-Intl cmte of RE managers.
CCIM-Certified Commercial Investment Memeber - answers-Est 1954.
Furthers business practices through education and networking
SIOR-Society of Industrial and office realtors - answers-Professional
affiliate of the NAR. Specializes in industrial, office, sales managers,
executive manager or advisory service
ICSC-International Council of Shopping Centers - answers-Purpose is to
advance the shopping center industry. Promotes commercial distribution
of consumer goods and service
