Episode 087 - Real Estate Exam Questions 41

Going through state exam questions to help real estate students pass their state exam.

01:15 – It is Easter week! Easter bunny "B" is hopping in to bring you some "treats" to help you knock out the real estate exam.

02:15 List of recent grads: Francine, Zaniya, Rose, Jeff, Matthew, Kisha, David, Pooja, Marc, Damini, Alex, Daimonya, Daniel, Alma, Victor, Robin, Kelly, Jayden, Heather, Julia, Kandis, Miranda, Leslie, Perla, Nikki, Justin, Brittany, Paul, Tracy, Tricia, Eric, Matt, Sheryl, Brooke, & Lara.

04:08 – Message from Lauren

05:10 – When should you apply for a real estate license?

09:02 – Do you have to memorize the math formulas? Yes. Don't forget to plug in the answers to check your formula.

12:06 – How to keep the three listing agreement types straight?

15:35 – Does a landlord have to accommodate a tenant with a guide dog even if the landlord has a no tenant policy? Yes.

17:15 – What does the term "land" mean? Surface, subsurface and air rights.

19:40 – How should a broker advise a seller to proceed when the market is in a downward slide? Sell now.

23:53 – What is an advantage of a partial amortized / balloon payment loan?

28:07 – What requirements exists between a licensee and their supervising broker? Taxes are on the contractor/licensee but the licensee must work under the supervising broker.

33:00 – When can a broker release the earnest money?

35:47 – Exclusive right to sell agreement exists. Is a commission required to be paid? Is the seller obligated to accept or counter an offer from a buyer?

39:15 – Go to www.ahareep.com , sign up for the program for only $35, use discount code: legend15 to save 15% off.

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