Samenvattingen, Aantekeningen en Examens

A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did not tell him, Bob knew he had to sell due to poor health. What should...

Barney Fletcher Real Estate Exam

Acknowledgment - A Formal certification of a signature Actual notice - Knowledge one has gained based on what he seen,heard,read or observed Adverse possession - Title may be acquired by hostile,open and notorious,exclusive and continuous occupancy by one who does not have title Allodial System - Possession of land based on individual ownership Attachment - Seizure of property by court order to insure payment of debt or to have it available to satisfy a possible judgment Common elemen...

A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings - B. an exclusive right to sell listing

Void Contract - Not legally binding Covenant - An agreement or a pledge between two or more parties Valid Contract - Must contain certain essential elements Voidable Contract - May be declared void Which of the following is not required for a contract for the sale of real property to be valid and enforceable? a) Performance b) Offer and acceptance c) Consideration d) In writing - a

Updated: Barney Fletcher Cram Final Exam Perfectly Arranged A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings -Correct Answer-B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Sm...

Barney Fletcher Cram Final Exam With Correct Answers A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings -Correct Answer-B. an exclusive right to sell listing Mr. Smith listed his farm with broker Bob. Although Smith did...

Barney Fletcher Review Chap 1-5 Well Arranged And Solved 100% Which of the following are appointed by the governor? a. Members of the Georgia Real Estate Commission. b. The Real Estate Commissioner. c. Real estate instructors. d. Georgia Real Estate Commission employees. -Correct Answer-a. Members of the Georgia Real Estate Commission. Bill knows that his neighbor Carol wants to sell her house. Bill's friend Sam tells Bill that he would like to buy a house in Bill's neighborhood. Bi...

Barney Fletcher Cram Notes Booklet Well Arranged deed -Correct Answer-the instrument used to transfer real property Title -Correct Answer-Ownership and the owner's rights Real Estate -Correct Answer-Land + improvements (appertenances) Physical Characteristics of Land -Correct Answer-1. Immovable 2. Indestructable 3. Non-Homogenous (unique) Economic Characteristics of Land -Correct Answer-1) Situs 2) Improvements 3) Fixed Investment 4) Scarcity Personal Property -Correct Ans...

Barney Fletcher - GA RE School Exam Questions Well Arranged What is the tax assessment rate for all real property in Georgia? -Correct Answer-40% What could happen if a property is sold at foreclosure and does not bring enough money to satisfy all of the debts secured by the property? -Correct Answer-Outstanding debts could be pursued as a result of a deficiency judgement When foreclosure occurs, the payment priority of most of the outstanding debts is established by: -Correct Answer-Dat...

Barney Fletcher Practice Exam 1 With Best Solutions Which would NOT be used in the capitalization approach? A. gross income B. operating expenses C. reproduction cost D. allowance for vacancy -Correct Answer-C. reproduction cost A property had a land value of $40,000, a 2,000 square feet structure with a rebuilding cost of $70 per square foot, depreciation of $5,000 due to functional obsolescence and $1,500 due to physical depreciation. What would be the estimate of value for this pro...