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Principles of Real Estate 1 Final Exam With Complete Solution...

Principles of Real Estate 1 – Champions Latest Update 100% Pass Leasehold Estates possession and use of property without ownership Estate for years (tenancy for years) any lease with a specific starting and ending date. Survives the death or sale of the property Periodic Tenancy/periodic estate lease that automatically renews itself for like periods. example month to month. Requires notice to terminate Estate at Will Very loose agreement, terminates on death or sale of the pro...

Principles of Real Estate 1 Final Exam If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - Answer- The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - Answer- Market Comparison Approach The market comparison approach is commonly used for this property type? - Answer- Residential The amount of goods offered for sale within a given mar...

Principles of Real Estate 1- Champions School of Real Estate

If a real estate salesperson closes on a transaction, who pays the salesperson their commission? Correct Answers The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? Correct Answers Market Comparison Approach The market comparison approach is commonly used for this property type? Correct Answers Residential The amount of goods offered for sale within a given market at a given price during...

A married couple buys a home for $400,000. Five years later, they sell it for $550,000. How much of their sale is taxable capital gain? -ANSWER - $0. They get a $500,000 capital gains tax exclusion, and they made $150,000 in profit, so all of their profit is excluded from taxation. Arthur, Beatrice, Candace, Dmitri, and Evenlyn bought a property does each of them own? -ANSWER - 20%. They share the unity of interest, they each own an equal share 1/5 or 20 percent. The following are al...

Principles of Real Estate 1 Final Exam If a real estate salesperson closes on a transaction, who pays the salesperson their commission? The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? Market Comparison Approach The market comparison approach is commonly used for this property type? Residential The amount of goods offered for sale within a given market at a given price during a given...

Principles of Real Estate 1 Final Exam(202If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - ANSWER The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - ANSWER Market Comparison Approach The market comparison approach is commonly used for this property type? - ANSWER Residential The amount of goods offered for sale within a given market at a ...

Principles of Real Estate 1- Champions| QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024 Contracts with a person who lacks mental capacity can be - Answer either void or voidable Community property is a concept of - Answer Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - Answer an agent will have the opportunity to sell their own listing. Oil and gas companies employ - Answer a large number of individuals with a real estate ...

Principles of Real Estate 1- Champions |QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024 Contracts with a person who lacks mental capacity can be either void or voidable Community property is a concept of Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. an agent will have the opportunity to sell their own listing. Oil and gas companies employ a large number of individuals with a real estate background. The NFIP offers flo...