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In this playlist, study specific real estate concepts you need to know for the real estate exam. Learn about property rights, contract clauses, government powers, agency relationships, and so much more.
5 days ago · If you're preparing for a real estate exam or simply want to deepen your knowledge of the industry, you're in the right place. This article is designed to demystify the complex language of real estate by breaking down the top 20 acronyms you're likely to encounter.
Oct 18, 2024 · The Ohio real estate salesperson licensing exam has two parts to it. One will consist of 80 national based questions and the other will consist of 40 state specific questions. In total, there are 120 multiple-choice questions with a total allocated time of 180 minutes (3 hours) to complete.
- 4 Elements of Value: Stud
- Fixtures: Maria
- Government Powers: Pete
- Joint Tenancy: TTIP
The acronym STUD is used as a memory aid to keep the 4 elements of valuein mind. They are scarcity, transferability, utility and demand. 1. Scarcityhas to do with the supply of real estate available. The scarcer the supply of real estate available, the more valuable the property. 2. Transferability, The deal is worthless unless the seller can trans...
Let's move on tofixtures. Personal property goes with the person and real property goes with the real estate. A fixture is personal property that becomes real property. It was something that once went with the person but, for reasons of its association with the property, now goes with the real estate being sold. An example of a fixture would be a t...
To remember the government powers, think of the acronym PETE. 1. Police Power 2. Eminent Domain 3. Taxation 4. Escheat NOTE: An individual would nothave any of these rights. 1. Police power is the state's inherent right to regulate an individual's conduct or property to protect the health, safety, welfare, and morals of the community. Common exampl...
Joint tenancy can be held by two or more people. Making it a form of concurrent ownership as opposed to ownership in severalty (where a person owns a property on their own). There are four unities that must exist in order for a joint tenancy to be created: 1. Time: Each person must receive or obtain title to the property at the same time. 2. Title:...
Here is a list of real estate math definitions that are essential for both obtaining your real estate license and taking the real estate exam. Amortization – Amortization is when payments divide into equal amounts for the duration of the loan.
Jul 22, 2022 · How to Pass Your UK Real Estate Exam. Discover how accredited qualifications attract clients and stakeholders. Learn valuable study strategies for acing your real estate exam and securing your future in the industry. 22 Jul, 2022.
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