Principles of Real Estate 1 Final
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If a real estate salesperson closes on a transaction, who pays the salesperson their
commission? - Ans>>>The salesperson's sponsoring broker
A means of comparing similar type properties, which have recently sold, to the
subject property is known as the? - Ans>>>Market Comparison Approach
The market comparison approach is commonly used for this property type? -
Ans>>>Residential
The amount of goods offered for sale within a given market at a given price during
a given time period is known as? - Ans>>>Supply
, A real estate agent is an example of what type of agent? - Ans>>>Special agent
A refrigerator is typically considered? - Ans>>>Personal Property
Mobile homes not permanently attached to the land are generally considered? -
Ans>>>Personal Property
Which of the following is considered a legal test for determining if an item is a
fixture or not? - Ans>>>Mode and permanence of how the item was attached
Adaptation of the item
Intention of the parties
All of the above
The right of exclusion, which allows a landowner to prevent others from entering
or occupying their property, is included in the? - Ans>>>Bundle of rights
Which of the following is an example of a fixture? - Ans>>>Kitchen cabinets
Exam100 % Verified Question &
Answers Guaranteed success rated
A+
If a real estate salesperson closes on a transaction, who pays the salesperson their
commission? - Ans>>>The salesperson's sponsoring broker
A means of comparing similar type properties, which have recently sold, to the
subject property is known as the? - Ans>>>Market Comparison Approach
The market comparison approach is commonly used for this property type? -
Ans>>>Residential
The amount of goods offered for sale within a given market at a given price during
a given time period is known as? - Ans>>>Supply
, A real estate agent is an example of what type of agent? - Ans>>>Special agent
A refrigerator is typically considered? - Ans>>>Personal Property
Mobile homes not permanently attached to the land are generally considered? -
Ans>>>Personal Property
Which of the following is considered a legal test for determining if an item is a
fixture or not? - Ans>>>Mode and permanence of how the item was attached
Adaptation of the item
Intention of the parties
All of the above
The right of exclusion, which allows a landowner to prevent others from entering
or occupying their property, is included in the? - Ans>>>Bundle of rights
Which of the following is an example of a fixture? - Ans>>>Kitchen cabinets
