Real Estate Practice Questions and
answers
Brokerage definition... - Answerthe business practice of bringing together the parties in
a practice.
What are two examples of special use property? - Answer schools and cemetery
. All are typical duties of a property manager with the exception of... - AnswerInvesting
profits
Transfer tax is typically paid by for by whom? - AnswerBuyer and seller
Blockbusting definition... - AnswerAn illegal real estate practice caused by inciting fear
and panic selling by suggesting that persons of minority background are or may be
moving into an area or that the majority of residents are moving out of an area.
Special agency listing definition... - Answern/a
, Net listing definition... - Answera type of listing in which a seller desires to sell real
property and receive a guaranteed amount of money for the sale, so that the broker's
commission is any sale price amount of money over and above the guaranteed price to
the seller.
.The main factor a property manager should use to evaluate a prospective tenant is -
Answercan they make monthly rent payments on time.
All are examples of single agency disclosures with the exception of - Answerrevealing
the owner will except less.
What is the most reliable method of appraisal for residential real estate? - AnswerSales
comparison approach
. Assemblage definition... - Answerconsolidating two separate lots into one.
What would not be a depreciation of value? - AnswerUnimproved land
. What has the greatest effect on real estate value? - AnswerDemand of people and
location
. What rules require fair housing laws to be in a listing contract? - AnswerPA Human
Relations Act
. Typically who pays for title insurance? - AnswerBuyer
answers
Brokerage definition... - Answerthe business practice of bringing together the parties in
a practice.
What are two examples of special use property? - Answer schools and cemetery
. All are typical duties of a property manager with the exception of... - AnswerInvesting
profits
Transfer tax is typically paid by for by whom? - AnswerBuyer and seller
Blockbusting definition... - AnswerAn illegal real estate practice caused by inciting fear
and panic selling by suggesting that persons of minority background are or may be
moving into an area or that the majority of residents are moving out of an area.
Special agency listing definition... - Answern/a
, Net listing definition... - Answera type of listing in which a seller desires to sell real
property and receive a guaranteed amount of money for the sale, so that the broker's
commission is any sale price amount of money over and above the guaranteed price to
the seller.
.The main factor a property manager should use to evaluate a prospective tenant is -
Answercan they make monthly rent payments on time.
All are examples of single agency disclosures with the exception of - Answerrevealing
the owner will except less.
What is the most reliable method of appraisal for residential real estate? - AnswerSales
comparison approach
. Assemblage definition... - Answerconsolidating two separate lots into one.
What would not be a depreciation of value? - AnswerUnimproved land
. What has the greatest effect on real estate value? - AnswerDemand of people and
location
. What rules require fair housing laws to be in a listing contract? - AnswerPA Human
Relations Act
. Typically who pays for title insurance? - AnswerBuyer
