Economic duress Study guides, Revision notes & Summaries

Term: What are the 8 steps of the valuation process? Definition: 1. Define the problem, 2. scope of work, 3. data collection & property description, 4. data analysis, 5. land value opinion, 6. application of the approaches to value, 7. reconciliation of value indications and final opinion of value, 8. report of defined value. Term: Valuation process Definition: A systematic procedure employed to provide the answer to a clients question about the value of real prope...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Contract An agreement between competent parties for legally sufficient consideration for a legal purpose in the form required by law (if any) Purpose of a Contract To provide legal recourse should one or more of the parties not perform its obligations as set forth in the contract. Express Contracts Those in which the parties have an oral agreement or have reduced agreements to writing. (Written preferred, as oral contracts can not always be enforced by the court). Implied...

EC410 Exam 2 Study Guide  Bargain Theory: Hamer v. Sidway  Bargain Theory: Allegheny College v. Chautauqua National Bank  Contract Formation: Lucy v. Zehmer  Optimal Reliance: Hadley v. Baxendale  Optimal Reliance: Allied Canners & Packing v. Victor Packing Co.  Optimal Reliance & Promissory Estoppel: Pertz v. The Edward J. Corporation  Optimal Reliance & Promissory Estoppel : Hoffman v. Red Owl Stores  Gratuitous Promises: Cosgrove v. Bartolotta  Mistakes: A...

California Business Law, Unit 1 Exam Chapters 1-10 Already Passed What is the primary source of law in America? Constitutional Law What is the California Uniform Commercial Code commonly called? Commercial Code The structure of the federal government consists of what parts? Legislative Branch, Executive Branch, and Judicial Branch "Stare Decisis" most commonly means what? To stand by things decided The 29 California Codes can be found on the internet as well as? County law libraries, Law s...

Maryland Law Questions and Answers Already Passed MD LAW - 1 A real estate broker is any person, association, partnership or corporation who: a. buys, sells, or exchanges real estate for a fee b. hold in good faith a power of attorney c. offers real estate by verbal solicitation d. offers their primary residence for sale a. buys, sells, or exchanges real estate for a fee MD LAW - 2 The Real Estate Commission is part of the: a. Executive office of the state legislature b. Department of H...

Washington Life/Health Insurance Exam | 100% Verified with complete solution policy owner - usually, but not always the person covered by the policy beneficiary - the person who is paid when a claim is submitted agent/producer - acts as a legal representative of the insurance company broker - representative of the Insured, not the insurance company risk - The chance or uncertainty of loss Pure risk - the chance of experiencing a loss (without the possibility of gain). Only down...

MPOETC Exam 16 Already Passed Building Perimeter -There are 4 sides to a structure Side 1-Street Side Side 2-Left Side Side 3-Back or rear side Side 4-Right Side If you change the positional/structure numbers you MUST make sure everyone is aware of the new positional/structure numbers. Fields of Fire -the area that a given weapon can effectively cover from a given position -This area is defined by the characteristics and capabilities of the weapon and the location at which it is deployed Sect...

Real Estate Exam Questions with Verified Solutions Corn stored in a grain bin is considered real property. False Kitchen cabinets, a furnace, or bathroom appliances are considered real property after they have been installed as improvements to the home, even though at one time they were personal property. True A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales agreement. F...