Modern Real Estate Practice 21st Edition - Unit 1: Introduction to the Real Estate Business Flashcards Supply and Demand An economic concept that states that the price of a good rises and falls dep...
View study materialModern Real Estate Practice 21st Edition Unit 10 QUIZ Flashcards The final decision on a property's asking price should be made by the Seller Most states require that a real estate listing agreemen...
View study materialunit 3 modern real estate practice 21st edition Flashcards Inverse Condemnation An action brought by a property owner seeking just compensation for diminishing use and value of land because of an a...
View study materialModern Real Estate practice 21st edition Vocabulary Flashcards Annual Percentage Rate (APR) The relationship of the total finance charges associated with a loan. This must be disclosed to borrowers...
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View study materialLesson One Test Real Estate Flashcards a real estate agent may use trust account funds: to pay for repairs on the house managed by the broker. trust founds are money or things of value received by ...
View study materialLesson 2: Real Property Flashcards Which one of the following rights is NOT associated with property ownership?Quiet enjoymentFeudal rightsDispositionPossession FEUDAL RIGHTSFeedback:An owner of re...
View study materialChapter 10 Flashcards Seller Representation If a seller enters a listing agreement with a broker to market the seller's real estate, the broker becomes an agent of the seller; the seller is the pri...
View study materialWeichert Real Estate School Chapter 1 Flashcards Immobility Incapable of being moved; fixed in location, such as land. Realtor ® Member of National Association of REALTORS, adhere to Code of Ethic...
View study materialNational Real Estate Valuation/Appraisal Flashcards accelerated depreciation method that depreciates fixed assets more during the earlier years of their useful life and less during the later years ...
View study materialPROPERTY VALUATION Flashcards An expensive home in a development of lesser expensive homes suffers from: A misplaced improvement suffers from regression (economic obsolescence).Functional obsolesce...
View study materialChapter 1 - Real Estate Appraisal Flashcards Highest and best use The legal use for property that gives the greatest return in money and/or amenities. USPAP Standards that have been established by ...
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