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Study sets matching "nc real estate broker"

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Study sets matching "nc real estate broker"

51 terms
NC Real Estate Broker Prelicense
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
51 terms
NC Real Estate Broker Prelicense
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
51 terms
NC Real Estate Broker Prelicense
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
396 terms
NC Real Estate Broker Prelicensing Exam
Syndication
Estate in severalty
Concurrent ownership
Tenancy in common
Two or more forms joining together as an entity to own real e…
Ownership by one individual
Two or more persons share ownership with undivided interests
Co-ownership without right of survivorship to other owners
Syndication
Two or more forms joining together as an entity to own real e…
Estate in severalty
Ownership by one individual
608 terms
NC Real Estate Broker Prelicensing 8th Ed.
Which of the following best defines re…
Which of the following is NOT a physic…
The term nonhomogeneity refers to whic…
Area preference, or situs, refers to?…
c. Land and all things permanently affixed to it
b. Scarcity This is an economic characteristic.
b. Uniqueness
a. I only
Which of the following best defines re…
c. Land and all things permanently affixed to it
Which of the following is NOT a physic…
b. Scarcity This is an economic characteristic.
608 terms
NC Real Estate Broker Prelicensing 8th Ed.
Which of the following best defines re…
Which of the following is NOT a physic…
The term nonhomogeneity refers to whic…
Area preference, or situs, refers to?…
c. Land and all things permanently affixed to it
b. Scarcity This is an economic characteristic.
b. Uniqueness
a. I only
Which of the following best defines re…
c. Land and all things permanently affixed to it
Which of the following is NOT a physic…
b. Scarcity This is an economic characteristic.
67 terms
Florida Real Estate Broker
Fiduciary
Fraud
General agent
Misrepresentation
A relationship of trust and confidence with the broker as age…
The intent to misrepresent a material fact or to deceive in o…
A general agent is authorized by the principal to perform act…
A misstatement of fact or the omission or concealment of a fa…
Fiduciary
A relationship of trust and confidence with the broker as age…
Fraud
The intent to misrepresent a material fact or to deceive in o…
746 terms
Real Estate Broker
A "negative declaration" in a discussi…
Which of the following best identifies…
Sam is the lessee in a lease for a uni…
Roberto owns an apartment building and…
Will have an insignificant effect upon the environment and th…
Land acquisition, development and construction;... The three ph…
Sam's equity could be lost if other lessees in the building d…
A more valuable apartment building, exchanging loans and payi…
A "negative declaration" in a discussi…
Will have an insignificant effect upon the environment and th…
Which of the following best identifies…
Land acquisition, development and construction;... The three ph…
38 terms
Real Estate Broker 1
Caveat Emptor
Constructive Notice
Actual Notice
Chain of Title
Let the buyer beware.
Information one could know by investigating or what a buyer c…
What the person actually knows after searching public records…
Shows the record of ownership of the property over a period o…
Caveat Emptor
Let the buyer beware.
Constructive Notice
Information one could know by investigating or what a buyer c…
613 terms
Real Estate Broker
Consumer-driven model
Core Services
Downsizing
Internet Data Exchange
creates products and services tailored to suit consumer deman…
include an array of services that seamlessly take buyers and…
ways real estate companies can become more effective by letti…
gave consumers access to an MLS's entire database through a m…
Consumer-driven model
creates products and services tailored to suit consumer deman…
Core Services
include an array of services that seamlessly take buyers and…
871 terms
Real Estate Broker
Broker
Buyer's Market
Business Cycle
Condominium
A person who holds a valid broker license issued by the commi…
A situation in the housing market where there are many homes…
General swings in business activity, resulting in the expandi…
A property developed for co-ownership, with each co-owner hav…
Broker
A person who holds a valid broker license issued by the commi…
Buyer's Market
A situation in the housing market where there are many homes…
28 terms
Real estate broker terms
5
6
Capital gain tax
60
Under the Local Government Code, agricultural lands more than…
For purposes of determining whether a seller/transferor can b…
The sale and transfer of title from a real estate dealer to a…
Within [__] from the date of acquisition, the buyer of a prop…
5
Under the Local Government Code, agricultural lands more than…
6
For purposes of determining whether a seller/transferor can b…
38 terms
Real Estate Broker - Laws
PD 27
EO 229
PP No. 131
RA 4726
Agrarian Reform Law (21 October 1972; Compulsory acquisition…
IRR of CARP (Mechanics for implementation)
CARP - Comprehensive Agrarian Reform Program (22 July 1987)
The Condominium Act (Amended by RA 7899; Approved 19 June 1966)
PD 27
Agrarian Reform Law (21 October 1972; Compulsory acquisition…
EO 229
IRR of CARP (Mechanics for implementation)
871 terms
Real Estate Broker
Broker
Buyer's Market
Business Cycle
Condominium
A person who holds a valid broker license issued by the commi…
A situation in the housing market where there are many homes…
General swings in business activity, resulting in the expandi…
A property developed for co-ownership, with each co-owner hav…
Broker
A person who holds a valid broker license issued by the commi…
Buyer's Market
A situation in the housing market where there are many homes…
Real estate broker course
Nareb
MUDs
Market
Supply
National association of re brokers
Mixed use developments
Provides a setting in which supply and demand can establish v…
Factors affecting supply are labor force, construction, mater…
Nareb
National association of re brokers
MUDs
Mixed use developments
REal Estate Broker's exam
limited partnership
one or more general partners and one o…
Sole Partnership
sole responsible for business losses a…
filed with the Florida Dept. Of State.Limited partners must m…
...
owned by a one person. Broker must register his or her name w…
...
limited partnership
filed with the Florida Dept. Of State.Limited partners must m…
one or more general partners and one o…
...
REAL ESTATE BROKER'S TEST
Real Estate Unlicensed Personal Assist…
Sales Associates
licensed personal Assistants -
Business plan
May only be paid salaries and not commissions.and are not ind…
honesty , self esteem, motivation, to succeed and desire to p…
Brokers pay their commisssions. Licensed personal assistants…
set a goal for the number of associates to be recruited.total…
Real Estate Unlicensed Personal Assist…
May only be paid salaries and not commissions.and are not ind…
Sales Associates
honesty , self esteem, motivation, to succeed and desire to p…
166 terms
Real Estate Broker terms - Illinois
Fiduciary Duties to Principal (6)
Factors Affecting Supply
Factors Affecting Demand
Bundle of Legal Rights
COLD A/C:... Care... Obedience... Loyalty... Disclosure... Accounting... Confi…
Labor Force (for construction)... Costs of Construction and Mate…
Population... Demographics... Employment & Wage Levels
Possession (own it)... Control Property (do as you wish with it)…
Fiduciary Duties to Principal (6)
COLD A/C:... Care... Obedience... Loyalty... Disclosure... Accounting... Confi…
Factors Affecting Supply
Labor Force (for construction)... Costs of Construction and Mate…
30 terms
real estate broker license
the business of providing the funds th…
involves the construction of improveme…
allows partitioners to combine their i…
-involves providing clients with indep…
Financing
Development
home inspection
counseling
the business of providing the funds th…
Financing
involves the construction of improveme…
Development
5 terms
Illinois real estate broker
English
English
English
English
English
English
English
English
English
English
English
English
79 terms
Real Estate Affiliate Broker
Brokerage
Agency
Independent contractor
Employee
Dealing in another persons real estate for a fee
Relationship between a principal and an agent.
Pays for all expenses, social security, income taxes. No empl…
Works as a direct employee of an employer with employee status.
Brokerage
Dealing in another persons real estate for a fee
Agency
Relationship between a principal and an agent.
26 terms
Real estate pre broker
Legal life estate
Assignment
Novation
Eminent domain
A legal life estate is one created by a statute rather than c…
A transfer of rights or duties but not the liabilities under…
The substitution of a new contract for an existing agreement…
The process by which the government exercise its power to tak…
Legal life estate
A legal life estate is one created by a statute rather than c…
Assignment
A transfer of rights or duties but not the liabilities under…
39 terms
Real Estate Broker
Estate
Easement
Appurtenance
Deed
Possession/ tenant can not own, owner is not tenant
Grant interest to use another person's property
Real property attached to land. ... Ex. Fence, barn, landscaping
An instrument to transfer the title to another, it is not the…
Estate
Possession/ tenant can not own, owner is not tenant
Easement
Grant interest to use another person's property
53 terms
NJ Real Estate Broker Chapter 4
Accession
Accretion
Air Rights
Alluvion
Process to acquire land by accretion
Creation or gaining of land through alluvion or reliction
Lease or sell rights to space over the land. Government has r…
The increase of soil on a shore or bank of a river as a resul…
Accession
Process to acquire land by accretion
Accretion
Creation or gaining of land through alluvion or reliction
338 terms
NC Real Estate
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
77 terms
NC Real Estate Finance
mortgage
mortgagor
mortgagee
lien theory state
a two-party instrument used to finance real estate. the borro…
the borrower in a mortgage Y65
the lender in a mortgage Y65
a state that use a mortgage as the primary financing instrume…
mortgage
a two-party instrument used to finance real estate. the borro…
mortgagor
the borrower in a mortgage Y65
17 terms
Real Estate Brokers
what is a broker?
what do brokers do?
what is net commission?
what are sales broker?
an intermediary to a transaction. They bring together a buyer…
- bring buyers and sellers together ... ---physically ... ---emotio…
difference between required price and actual price
hired to sell commercial properties... -they bring together a bu…
what is a broker?
an intermediary to a transaction. They bring together a buyer…
what do brokers do?
- bring buyers and sellers together ... ---physically ... ---emotio…
14 terms
NC Real Estate Terms
Servient tenement
Lis pendens
Deed restrictions
Writ of attachment
The tract over which the easement runs is known as the
Latin for litigation pending is when any suit is filed that a…
Also referred to as covenants, conditions and restrictions or…
At the request of a credit tour, the court retains custody of…
Servient tenement
The tract over which the easement runs is known as the
Lis pendens
Latin for litigation pending is when any suit is filed that a…
51 terms
NC Real Estate
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
77 terms
NC Real Estate Finance
mortgage
mortgagor
mortgagee
lien theory state
a two-party instrument used to finance real estate. the borro…
the borrower in a mortgage Y65
the lender in a mortgage Y65
a state that use a mortgage as the primary financing instrume…
mortgage
a two-party instrument used to finance real estate. the borro…
mortgagor
the borrower in a mortgage Y65
22 terms
Real Estate Brokers
What is a Real Estate Broker?
The "exclusive right to sell" listings…
What are the requirements of a broker?
What are the involved parties in a rea…
An individual or company licensed by the state to help a sell…
The court interprets the transaction as a "sale"... e.g., transf…
a. One must be a licensed broker to collect a commission ... b.…
a. Licensed broker to collect commission... b. Real estate agent…
What is a Real Estate Broker?
An individual or company licensed by the state to help a sell…
The "exclusive right to sell" listings…
The court interprets the transaction as a "sale"... e.g., transf…
16 terms
NC Real Estate Math
1 acre
area of rectangle
area of triangle
amount of tax on real property
43,560 square feet
length * width
1/2 base * height
amt of ad valorum taxes = assessed value * tax rate
1 acre
43,560 square feet
area of rectangle
length * width
17 terms
Real Estate Onate NC
Base lines
Call
Rectangular or geodetic (government) s…
Legal description
The main imaginary line running east and west and crossing a…
In surve
A system established in 1785 by the federal government, provi…
A description of a specific parcel of real estate complete en…
Base lines
The main imaginary line running east and west and crossing a…
Call
In surve
51 terms
terms - Real Estate Broker Prelicense
Law of Agency
Subagency
fiduciary
Working With Real Estate Brochure
aka common law; body of law that governs the relationship tha…
the fiduciary relationship between the subagent and the princ…
Relationship that is based on trust that exists between the a…
a brochure to be presented to consumer at first substantial c…
Law of Agency
aka common law; body of law that governs the relationship tha…
Subagency
the fiduciary relationship between the subagent and the princ…
Real Estate Broker Test Vocab
Abstract of Title
Acceleration Clause
Accession
Accretion
a written summary of the chain of title
any clause in a loan requiring the loan be paid off upon the…
the acquisition of property by its being added to other prope…
the process of gradual or imperceptible additions to land bor…
Abstract of Title
a written summary of the chain of title
Acceleration Clause
any clause in a loan requiring the loan be paid off upon the…
30 terms
Real Estate Measurements - Broker Exam
12 inches
3 feet
5280 feet
640 acres
1 foot
1 yard
1 mile
1 square mile
12 inches
1 foot
3 feet
1 yard
128 terms
NC Real Estate Review
Riparian Rights
Fixture
Offeror
Offeree
An owner's rights in land that borders on or includes a strea…
An term of personal property that has been converted to real…
The person who makes the offer
The person that receives the offer
Riparian Rights
An owner's rights in land that borders on or includes a strea…
Fixture
An term of personal property that has been converted to real…
NC Real Estate Formulas
Property Taxes(Ch. 3 P. 56)
One Acre(SK P. 6)
Profit, Loss, and Appreciation(SK P. 15)
Excise Tax/Revenue Stamps(SK P. 22)
Annual Taxes=Tax Rate X Assessed Value
43,560 sq. ft.
Amount Paid X %= Profit/Loss Appreciation
Excise Tax=Sales Price(Rounded to next 500)/500
Property Taxes(Ch. 3 P. 56)
Annual Taxes=Tax Rate X Assessed Value
One Acre(SK P. 6)
43,560 sq. ft.
219 terms
Florida Real Estate Broker Exam
Technical skills
Desk cost
Institutional advertising
Fixed expense
Skills that include time management, preparing Cmas, and comp…
Dividing total office expenses by number of sales associates
Advertising that describes the firm, its personnel, and its s…
Occupancy costs are an example of what type of expenses?
Technical skills
Skills that include time management, preparing Cmas, and comp…
Desk cost
Dividing total office expenses by number of sales associates
18 terms
Real Estate Broker - Tax and Finance
AV (Assessed Value)
Real Estate Tax
Residential AL (Land)
Agricultural AL (Land)
= MV (Market Value) × AL (Assessment Level)
= Rate of Tax × AV
20%
40%
AV (Assessed Value)
= MV (Market Value) × AL (Assessment Level)
Real Estate Tax
= Rate of Tax × AV
102 terms
Oregon Real Estate Broker License
Principal Broker
Principal Broker must be
To become eligible for a principal bro…
The relationship between a real broker…
A principal real estate broker is an individual who may or ma…
18 years of age; background check; educational requirements;…
True
An agency relationship coupled with fiduciary obligations
Principal Broker
A principal real estate broker is an individual who may or ma…
Principal Broker must be
18 years of age; background check; educational requirements;…
18 terms
NJ Real Estate Broker Chapter 23
Acre
Chain
Foot Front
Lot and Block Number
Contains 43560 7/11
66 feet
one foot on the street line or waterfront with each front foo…
...
Acre
Contains 43560 7/11
Chain
66 feet
12 terms
NJ Real Estate Broker Chapter 24
Buffer Zone
Building Ordinances
Master Plan
Non - Conforming Use
An area separating two parcels of land. Strip of land between…
a legislative action of a city or county such as zoning
A guide to the use of property within a community, as establi…
Use which is contrary to zoning laws but which is permitted (…
Buffer Zone
An area separating two parcels of land. Strip of land between…
Building Ordinances
a legislative action of a city or county such as zoning
30 terms
Chapter 5 Real Estate Broker Operations
Antitrust Laws
Arbitration
Blind Advertisement
Commingle
...
...
advertisements that fail to disclose the license name of the…
...
Antitrust Laws
...
Arbitration
...
67 terms
Real Estate Broker Test Illinois
Estate for years
Statute of Frauds
Civil rights act of 1866
Estate at Will
A lease with a definite period of time, specific beginning an…
Requires deeds to be in writing to be enforceable
Prohibits discrimination based on race only
Leasehold estate indicating approval of the landlord. Termina…
Estate for years
A lease with a definite period of time, specific beginning an…
Statute of Frauds
Requires deeds to be in writing to be enforceable
14 terms
NC Real Estate Acronyms
What does an agent owe his client?
4 Principal Truths of Agency Law
Federal Fair Housing Act 1968... e- equal…
Ways 4 the Government can take ownersh…
O- Obedience... L- Loyalty... D- Disclosure of all info... C- Confiden…
C- Communication to agent = communication to principal... A- Any…
F- Familial Status... R- Race... S- Sex... H- Handicap... C- Color... R- Re…
P- Police Power... E- Escheat... T- Taxation... E- Eminent domain
What does an agent owe his client?
O- Obedience... L- Loyalty... D- Disclosure of all info... C- Confiden…
4 Principal Truths of Agency Law
C- Communication to agent = communication to principal... A- Any…
55 terms
NJ Real Estate Broker Chapter 22
Appraisel
Value
Market Value
DUST
Opinion estimate of value at a moment of time by appraiser
Worth of an item in money or goods at a certain time
Most probable price a ready willing and able buyer will pay a…
Demand utility scarcity transferability
Appraisel
Opinion estimate of value at a moment of time by appraiser
Value
Worth of an item in money or goods at a certain time
474 terms
NC Real Estate Acronyms
abstract of title
acceleration clause
acknowledgment
acre
The condensed history of a title to a particular parcel of re…
The clause in a mortgage or deed of trust that can be enforce…
A formal declaration made before a duly authorized officer, u…
A measure of land equal to 43,560 square feet. Approximately…
abstract of title
The condensed history of a title to a particular parcel of re…
acceleration clause
The clause in a mortgage or deed of trust that can be enforce…
14 terms
NJ Real Estate Broker Chapter 20
Attorney General's Memorandum
Blockbusting
Civil Rights Act of 1866
Complaintant
A summary of NJ Law against discrimination. Commission rules…
Discriminatory practice of encouraging members of one race to…
A federal law that prohibits all racial discrimination in the…
Person who files complaint
Attorney General's Memorandum
A summary of NJ Law against discrimination. Commission rules…
Blockbusting
Discriminatory practice of encouraging members of one race to…
24 terms
NJ Real Estate Broker Chapter 7
Abandonment
Adjoining Owner
Affirmative Easement
Dedication
The relinquishment of all rights and title to a property with…
One whose property is contiguous or next to.
Owner of dominant premises can use servient premises
A transfer of property from and individual to the government
Abandonment
The relinquishment of all rights and title to a property with…
Adjoining Owner
One whose property is contiguous or next to.
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