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Real Estate Practice Exam Questions Answered 100% Correctly 2024

Real Estate Practice Exam Questions Answered 100% Correctly 2024

Real Estate Practice Exam Questions Answered 100% Correctly 2024
Real Estate Practice Exam Questions
Answered 100% Correctly 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
9. What is homeowners insurance?
Insurance to protect owners from fires and other etc.
10. Special agent definition..

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