Aceable Agent Texas Real Estate Principles I Questions Correctly Answered | Verified Update
Aceable Agent Texas Real Estate Principles I Questions Correctly Answered | Verified Update Broker's Price Opinion (BPO) - ANSWER 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 - ANSWER The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) - ANSWER A report comparing 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 - ANSWER 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 - ANSWER relatively low demand for real estate in the area (it will take 6 months or more to sell a house) Agent - ANSWER A person who acts on behalf of someone else Seller's Disclosure Notice - ANSWER A document filled out by the seller concerning any defects in the improvements on the property Subagent - ANSWER A license holder from one office who represents the seller through cooperation with the listing broker of another company Material Fact - ANSWER Any fact that is significant or essential to the transaction Principle - ANSWER the individual who authorizes another person to act on their behalf Intermediary Relationships - ANSWER occur when the same real estate office is representing both the seller and the buyer as clients in the same transaction
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- Aceable Agent - Principles of Real Estate
- Course
- Aceable Agent - Principles of Real Estate
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- November 15, 2023
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
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aceable agent texas real estate principles
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