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Unit 1 real estate

Authored by Albert Williams

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Professional Development

Used 3+ times

Unit 1 real estate
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales Agent

Member of NAR

Controls licensing of persons permitted to practice real estate brokerage in Texas

Body of law based on custom, usage, and court decisions

Performs real estate activities, while employed by or associated with a real estate broker.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Common Law

Body of Law based on custom, usage and court decisions

Member of NAR

Performs real estate activities, while employed by or associated with a real estate broker

Controls the licensing of persons permitted to practice real estate brokerage in Texas

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Texas Real Estate Licensing Act

Controls the licensing act of persons permitted to practice real estate brokerage in texas

member of NAR

body of law based on custom, usage and court decisions

performs real estate activities, while employed by or associated with a real estate broker

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Realtor

Member of NAR

controls the licensing of persons permitted to practice real estate brokerage in texas

body of law based on custom, usage and court decisions

performs real estate activities, while employed by or associated with a a real estate broker

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Realtist

Member of the national association of real estate brokers

Affects the ownership and transfer of real estate

performs real estate activities, while employed by or associated with a real estate broker

controls the licensing of persons permitted to practice real estate brokerage in texas

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Seven sources of law

Affects ownership and transfer of real estate

Body of law based on custom, usage and court decisions

controls the licensing of persons permitted to practice real estate brokerage in Texas

Member of the national association of real estate brokers

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Supply

Amount of goods offered for a sale within the market at a given price during a given time period

Elimination or reduction of real estate taxes to attract investment to an area

Capital outlay necessary to bring a property into existence

Actual value measured in dollars of an aspect of construction or location

Amount of goods offered for sale within the market at a given price during a given time period

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