Why should real estate be omitted from an inventory of estate property?
a. Real estate is subject to a separate inheritance tax.
b. State laws prohibit real property from being conveyed by an estate.
c. State laws require a separate listing of all real estate.
d. In some states, depending on the ownership, real estate is considered to be conveyed directly to a beneficiary at the time of death.

Real Estate Commission A real estate agency receives a commission of $\$ 9000$ for the sale of a $\$ 150,000$ house. What percent commission is this?

Finish the following sentence.

When the Code of Ethics was adopted __________________.

A) there were sophisticated real estate license laws nationwide

B) real estate license laws had failed to protect the industry

C) there were no real estate licensing laws

D) real estate brokers were licensed by the federal government

Real Estate Commission A real estate agency receives a commission of $\$ 12,250$ for the sale of a $\$ 175,000$ house. What percent commission is this?

what is accelerated depreciation in real estate?

Choose the correctly punctuated item. Then compare your responses with the key at the end of the book.

a. Our branch in Oakview specializes in industrial real estate; our branch in Canoga Park concentrates on residential real estate.

b. Our branch in Oakview specializes in industrial real estate, our branch in Canoga Park concentrates on residential real estate.

The total real estate commissions paid to Dugally's real estate agency for the quarter were $\$ 237,075$. If $65 \%$ of those funds are paid directly to the self-employed real estate agents that work in the office under Dugally, find the amount the real estate office keeps. He uses these funds to pay for office, computer, advertising expenses, utilities, etc.

What is a discount rate in real estate?

Which of the following is exempt from the Illinois Real Estate License Act of 2000?

1. executor of an estate '
2. farm manager
3. real estate referral company
4. property manager

Every state has requirements for becoming a licensed real estate broker. What are the requirements to become a licensed real estate broker in your state? Why do you think those requirements are necessary? What other laws or regulations exist that aim to protect consumers in real estate transactions? If these laws didn't exist, what legal issues might arise?

Search the Internet for the multiple listings in your area. If you cannot gain access without a subscription , go to the website of a large real estate agency that operates in your area or to a national real estate website, such as Zillow. Create a bulleted list of the types of information supplied in the house listings.

At a real estate agency, an agent sold a house for 382,000 dollars. The commission rate is 5.5 percent for the real estate agency. The commission for the agent is 30 percent of the amount the real estate agency gets. How much did the agent earn in commission? Explain.

Solve this application problem.

To prepare for the state real estate exam, Mia Dawson studied $5 \frac{1}{2}$ hours on the first day, $6 \frac{1}{4}$ hours on the second day, $3 \frac{3}{4}$ hours on the third day, and $7$ hours on the fourth day. How many hours did she study altogether?

Use Venn diagram to answer the given question.

The human resources director for a commercial real estate company received the following numbers of applications from people with the given information:

66 with sales experience;

40 with a college degree;

23 with a real estate license;

26 with sales experience and a college degree;

16 with sales experience and a real estate license;

15 with a college degree and a real estate license;

11 with sales experience, a college degree, and a real estate license;

22 with neither sales experience, a college degree, nor a real estate license.

(a) How many applicants were there?

(b) How many applicants did not have sales experience?

(c) How many had sales experience and a college degree, but not a real estate license?

(d) How many had only a real estate license?