Episode 088 - Real Estate Exam Questions 42

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

01:26 – Our website messaging is not clear. Free stuff versus paid stuff.

03:57 – Are test questions different than real estate class questions? Yes. Instructors are not teaching an exam.

7:18 – Do you need to have prior relationships to be a successful real estate agent? No.

10:10 – List of recent grads: Valerie, Terrell, Shayla, Christina, Justin, Ann, Scott, Stephanie, Erin, Quelin, Kathy, Christopher, Eric, Jennifer, Jean, Krist, Diana, Moira, Michaela, Hayden, Sally, Belinda, Alexis, Gavin, Cole, Lori, Leslie, Roxy, Randy, Julie, Abbey, Leticia, Jessica, Taylor, and Shayla.

11:28 – Messages from Terrell & Shayla about what they did to pass the exam.

14:30 – Difference in terms: broker, principal broker, managing, broker, licensee, and associate agent. Listing agent versus selling agent.

19:43 – Difference between accretion and reliction. Accretion is more land is deposited. Reliction is water is less, so it exposes more land.

22:24 – Is it misrepresentation if a photo is digitally altered? Maybe.

24:18 – Listing agent knows of defects such as asbestos on the property. What should they do? Disclose to all potential buyers.

27:36 – What does the lead-based paint addendum require? Does not require removal of lead paint.

30:25 – What Federal act ensures a borrower is knowledgeable of all closing costs? RESPA, Real Estate Settlement Procedures Act.

32:03 – What should a listing agent do when pricing a listing? Complete a CMA, comparable market analysis.

34:07 – Rental rates are best determined by what? Supply and demand.

36:12 – An advantage of PMI (Private Mortgage Insurance)? The buyer can purchase a higher priced home.

39:16 – What is blockbusting and are "hippies" a protected class in Federal Fair Housing rules?

43:15 – Favor, please give us shout outs and spread the word about us on other social media sites.

44:50 – 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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