PRINCIPLES OF REAL ESTATE 1 FINAL EXAM |QUESTIONS AND CORRECT (VERIFIED) ANSWERS GRADE A+ |

PRINCIPLES OF REAL ESTATE 1 FINAL EXAM |QUESTIONS AND CORRECT (VERIFIED) ANSWERS GRADE A+ | If a real estate salesperson closes on a transaction, who pays the salesperson their commission? The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? Market Comparison Approach The market comparison approach is commonly used for this property type? Residential The amount of goods offered for sale within a given market at a given price during a given time period is known as? Supply A real estate agent is an example of what type of agent? Special agent A refrigerator is typically considered? Personal Property Mobile homes not permanently attached to the land are generally considered? Personal Property Which of the following is considered a legal test for determining if an item is a fixture or not? Mode and permanence of how the itemwas attached Adaptation of the item Intention of the parties All of the above