https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
What is the difference between a rental agent and property manager? (cha 1)
A rental agent works with potential rentals and finds them a rental. A property manager
does the same, but also manages the property after finding the renter.
Why has the field of property management experienced such rapid growth (ch 1)
The increase of absentee owners
Is a property manager that is paid a salary plus on a transactional basis, required to be an
actively licensed broker? (chap 1)
Yes
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
Our sales associates permitted to perform appraisals (chap 1) (ON EXAM)
Yes.
legally allowed to perform appraisals.
because appraisal is a service of real-estate.
Is a property manager that is paid strictly salary required to be an active broker? (chap 1)
No, only pay a salary.
if paid a commission then he needs a real state license.
word like bonus/ a transactional basis also needs a license
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
The subject property is a three-bedroom, two-bath home. A comparable property is a
three-bedroom, two and one-half-bath home. An appraiser has determined that the extra
half bath is worth about $2,200. What adjustment should the appraiser make? (ON EXAM)
(chap 1)
Subtract $2,200 from the comparable's transaction price.
IF YOU SEE THIS QUESTION DISCARD ADD OR SUBTRACT FROM SUBJECT!!! IT MUST BE
ADD OR SUBTRACT FROM COMPARABLE!!!
CBS= IF COMPARABLE IS BETTER SUBTRACT!
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? (chap 1)
Speculative home
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
, https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
What kind of residential construction involves a builder in contract with a buyer, and the
buyer decides what kind of design the house will have? (chap 1)
Custom home
What kind of residential construction is similar to speculative building and is done in a
new subdivision with several model homes? (cha 1)
Tract home
When is a new sales associate legally allowed to refer to themselves as a REALTOR?
(chap 1)
When they have joined the National Association of REALTORS
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
What is the difference between a rental agent and property manager? (cha 1)
A rental agent works with potential rentals and finds them a rental. A property manager
does the same, but also manages the property after finding the renter.
Why has the field of property management experienced such rapid growth (ch 1)
The increase of absentee owners
Is a property manager that is paid a salary plus on a transactional basis, required to be an
actively licensed broker? (chap 1)
Yes
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
Our sales associates permitted to perform appraisals (chap 1) (ON EXAM)
Yes.
legally allowed to perform appraisals.
because appraisal is a service of real-estate.
Is a property manager that is paid strictly salary required to be an active broker? (chap 1)
No, only pay a salary.
if paid a commission then he needs a real state license.
word like bonus/ a transactional basis also needs a license
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
,https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
The subject property is a three-bedroom, two-bath home. A comparable property is a
three-bedroom, two and one-half-bath home. An appraiser has determined that the extra
half bath is worth about $2,200. What adjustment should the appraiser make? (ON EXAM)
(chap 1)
Subtract $2,200 from the comparable's transaction price.
IF YOU SEE THIS QUESTION DISCARD ADD OR SUBTRACT FROM SUBJECT!!! IT MUST BE
ADD OR SUBTRACT FROM COMPARABLE!!!
CBS= IF COMPARABLE IS BETTER SUBTRACT!
What kind of residential construction involves a builder purchasing one or more lots and
constructing a home or homes without a buyer in advance of construction? (chap 1)
Speculative home
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
, https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
What kind of residential construction involves a builder in contract with a buyer, and the
buyer decides what kind of design the house will have? (chap 1)
Custom home
What kind of residential construction is similar to speculative building and is done in a
new subdivision with several model homes? (cha 1)
Tract home
When is a new sales associate legally allowed to refer to themselves as a REALTOR?
(chap 1)
When they have joined the National Association of REALTORS
https://www.stuvia.com/user/gabrieluckyMagnolia
https://www.stuvia.com/user/gabrieluckyMagnolia
school
https://www.stuvia.com/user/gabrieluckyMagnolia
of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
school of real estate.pdfhttps://www.stuvia.com/user/gabrielucky
