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Aceable Agent Texas Real Estate
Principles I Questions and Answers (100%
Correct Answers) Already Graded A+
Broker's Price Opinion (BPO)— Ans: 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— Ans: The completion of a real estate transaction in
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which the buyer receives ownership and the seller receives the
contract amount
Comparative Market Analysis (CMA)— Ans: A report comparing
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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— Ans: 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— Ans: relatively low demand for real estate in the
area (it will take 6 months or more to sell a house)
Agent— Ans: A person who acts on behalf of someone else
Seller's Disclosure Notice— Ans: A document filled out by the
seller concerning any defects in the improvements on the
property
Subagent— Ans: A license holder from one office who represents
the seller through cooperation with the listing broker of another
company
Material Fact— Ans: Any fact that is significant or essential to the
transaction
For Expert help and assignment solutions, +254707240657
Aceable Agent Texas Real Estate
Principles I Questions and Answers (100%
Correct Answers) Already Graded A+
Broker's Price Opinion (BPO)— Ans: 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— Ans: The completion of a real estate transaction in
© 2025 Assignment Expert
which the buyer receives ownership and the seller receives the
contract amount
Comparative Market Analysis (CMA)— Ans: A report comparing
Guru01 - Stuvia
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— Ans: 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— Ans: relatively low demand for real estate in the
area (it will take 6 months or more to sell a house)
Agent— Ans: A person who acts on behalf of someone else
Seller's Disclosure Notice— Ans: A document filled out by the
seller concerning any defects in the improvements on the
property
Subagent— Ans: A license holder from one office who represents
the seller through cooperation with the listing broker of another
company
Material Fact— Ans: Any fact that is significant or essential to the
transaction
