Landlords Study guides, Revision notes & Summaries

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant Enga...

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 bus...

CIC - Commercial Casualty Questions And Verified Correct Answers What are the three basic parts of a CGL policy? - ANSWER Declarations, Coverage Form, & Endorsements What are the four parts of the CGL declarations? - ANSWER Named insured, mailing address, policy period; limits; form of business; business description What are the five sections of the CGL coverage form? - ANSWER Coverages, Who Is an Insured, Limits, Conditions, & Definitions What are the three CGL coverages? - ANSWER...

GEO 793- Geography of Toronto - Final Exam with 100% Correct Answers Gentrification: - answerA process of converting an urban neighborhood from a predominantly low-income renter-occupied area to a predominantly middle-class/higher owner- occupied area. Pros of Gentrification: - answer1) A more esthetically appealing neighborhood 2) Increased public safety 3) Increasing land values 4) Decreased crime rates 5) Decreasing urban sprawl 6) Increasing options for food, retail outlets, and jo...

NURS 340 Quiz 3 Quiz Bank Latest 2023/2024 (Graded A+). 1. A nurse wants to have a better understanding of the physiological effects of selected chemicals. Which of the following individuals would provide the most useful information to the nurse? Toxicologist 2. A nurse wants to find information about environmental threats that are present in the community. Which of the following would be the best source of data for the nurse? National Library of Medicine 3. A nurse is assessing potential...

CONTENTS OF A LEASE 3 ADVISING ON A LEASE When advising on the terms of the lease, do not look at the lease in isolation → look at the freehold title as there may be freehold covenants which affect the use and enjoyment of the property. Consider: lease, the law, landlords title, and Local Authority consents TERM AND BREAK CLAUSE Term - look at the definition of ‘Term’ in the least to calculate the contractual expiry date e.g. ‘from and including xx’ or ‘from xx’ Break claus...

agent, owner of real estate The property manager is compensated to act as an ----- for the ----- in all matters relating to the property's operation under the property manager's direction. operation The property manager is compensated to act as an agent for the owner in all matters relating to the property's ----- under the property manager's direction. real estate sales, purchases Property managers don't perform services related to ------- or -------. property management agreement...

Landlords in Washington D.C. must obtain a --- to rent out their residential property. - ANSWER housing business license Landlords must obtain a certificate of occupancy and register with the --- - ANSWER Rental Accommodation Division (RAD). Security deposits cannot exceed the cost of ---. Landlords may only charge the tenant once for the security deposit. Landlords must provide the tenant with a receipt of their security deposit. Landlords cannot commingle security deposits with other fu...

CONTENTS OF A LEASE 4 RENT Market rent lease (rack rent lease) – typically 35 or 10 years long and will reserve a substantial monthly or quarterly rent Long lease (ground rent least) – usually a minimum of 99 years, will be granted for a premium and will reserve only a nominal rent Tenant may try to reduce the amount of rent it pays, e.g. if the landlord is in breach of its repairing obligation and the tenant has to carry out repairs itself → the landlord may try to stipulate that t...

How does a broker prove they are not culpable if an agent makes a mistake? - Ans️️1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? - Ans️️Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed ...

DC Real Estate Exam- Statutory Requirements Governing the Activities of Licensees PART 2 Accurate 100%Landlords in Washington D.C. must obtain a --- to rent out their residential property. - ANSWER housing business license Landlords must obtain a certificate of occupancy and register with the --- - ANSWER Rental Accommodation Division (RAD). Security deposits cannot exceed the cost of ---. Landlords may only charge the tenant once for the security deposit. Landlords must provide the tenant...