Real Estate Practice Exam |90 Questions with 100% Correct Answers | Verified | Latest Update 2024
1. Brokerage definition... - the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - schools and cemetary 3. What is an example of functional obsolescence? - bathroom 4. Principal definition... - a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... - the process of determining the present value of a property from it's future income. 6. What is the salespersons obligation to a buyer under single agency listing? - Inform the buyer 8. All are examples of real estate except... - factories
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real estate practice exam 90 questions with 100