Metro Brokers Guías de estudio, Notas de estudios & Resúmenes

GA Real Estate Dynamics-Government Questions with Complete Solutions

Ga Real Estate Exam - Metro Brokers Mid-term Prep Questions with Complete Solutions

GA RE Metro broker exam Questions with complete solutions

Which of these correctly describes the Pennsylvania Real Estate Commission? - ANS Eleven members, of whom five are licensed real estate brokers, three are members of the public, and one is licensed as a cemetery broker. What's the best description of the difference between a real estate salesperson and a real estate broker? - ANS A salesperson may only work under the supervision of a broker. Which of the following describes a form of prohibited conduct for Pennsylvania rea...

An insurance policy which combines personal liability insurance and hazard insurance coverage for a dwelling and its contents is called: Homeowner's insurance Buyer's insurance Errors and omissions insurance All of the above - ANS Homeowner's insurance Homeowner's insurance ensures comprehensive protection for homeowners. What is the status of a contract when all terms have been fulfilled and the transaction has been closed? Fully executed Terminated Voidable Unenfo...

1) What is your take-home from a if the total commission for the sale was 6%, which equaled $13,545.00 if you have a 70/30 split with your broker? a) $6772.50 b) $4740.75 c) $3254.76 d) $6000.00 - ANS b) $4,740.75 Assuming there is a co-broker involved with a 50/50 $13,545.00 / 2 = $6,772.50 (this is the amount split W/your broker) $6,772.50 X 70% = $4,740.75 2) What is a CAM license for? a) Listing property b) Managing apartment building c) Managing building projects ...

When a broker is trying to prove they did not ratify the salespersons actions, they can't say: - ANS They can't say they were out of town. The cost of an appraisal is determined by - ANS Work, time and personnel When can a tenant remove a fixture? - ANS Prior to the end/expiration of their lease. Square foot method is used in what type of appraisal? - ANS Replacement-Cost Approach Requirement to become a salesperson? - ANS • 75 hrs of pre-licens...

A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger location. Can he take the booths and save some money? a. No, the booths are attached to the building b. Maybe, depends how he attached the booths c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. d. Yes, the booths are trade fixtures and can be removed any time e. No, the booths are fixtures since they are attached. - ANS c. Yes, the booths are trade...

A Restaurant owner installed booths in a small shop. Later he decided to move to a bigger location. Can he take the booths and save some money? a. No, the booths are attached to the building b. Maybe, depends how he attached the booths c. Yes, the booths are trade fixtures and can be removed prior to the end of the lease. d. Yes, the booths are trade fixtures and can be removed any time e. No, the booths are fixtures since they are attached. - ANS c. Yes, the booths are trade...

How does a broker prove they are not culpable if an agent makes a mistake? - ANS 1. 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? - ANS Trade 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 remove...