Real e guide

The only brokerage that includes fiduciary duties is the __________ __________.

• Dual Agency

• Single Agency

• Designated Sales Associate

• Limited Partner

Zeke represents a seller and receives an offer through another agent. The offer is higher than the listing price. The property is already listed at a very high price, and no other offers have been received. Is Zack obligated by his duties to the other party to disclose that the offer is too high?

• Yes, Zack must be honest and fair with all parties in the transaction.

• Zack can request that both parties consent to dual agency so that he can negotiate an honest price that will be fair to all.

• No, but Zeke should honor his duty to all parties by asking his client to decline the offer.

• No, his duty is to his own client. The buyer's agent must be responsible for advising on a fair price for the property.

Is all property that does not fit the definition of real estate. Has the unique characteristic of being movable.

• Real Property

• Real Estate

• Personal Property

• Severance

What's the name of the clause in a promissory note where this language appears: "If the Note Holder has not received the full amount of any monthly payment by the end of ______ calendar days after the date it is due, I will pay a late charge to the Note Holder"?

• Lock-in clause

• Prepayment provision

• Late charge provision

• Fees and additional charges clause

To whom does Georgia's real estate commissioner repor

• The governor

• The public service commissioner

• GREC

• The secretary of state

Aside from your name, what else must be included on every page of your website, according to GREC's rules?

• City and state where the brokerage is located

• Personal contact number

• Personal photo

• License status and license number

A ______ _______ is defined as a contract that is wholly written and under seal (in writing and signed.

• implied contract

• express contract

• formal contract

• executory contract

How many hours of postlicense education are required to renew a brokers license?

• 45 hours

• 300 hours

• 40 hours

• 60 hours

Property management has grown as a service of real estate primarily bc of an increase of _______ _________

• Absentee Ownership

• Shares Or Stocks

• Police Power

• Limited Partner

A Real Estate appraiser's fee for professional service is based on:

• a percentage of property's sales

• 
  the time and difficulty of the appraisal

• a percentage of the fair market value

• a percentage of the property's gross income