Assuming you want to be a Real Estate Broker, what types of things would be important...

Assuming you want to be a Real Estate Broker, what types of things would be important to you in choosing a broker, and why?

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jeff jeffy answered 2 years ago

Before you can become a licensed real estate broker, you have to serve a period of...

Before you can become a licensed real estate broker, you have to serve a period of time to get experience as well as meet other requirements. What are these requirements and why are they necessary.

Assume you negotiated the sale as a real estate broker and are entitled to a six percent commission.

Assume you negotiated the sale as a real estate broker and are entitled to a six percent commission. The offer and acceptance contract calls for a sales price of $230,000. The buyer has tendered $2,000 for earnest money. The buyer has received loan approval on an 80% loan to value ratio loan. The property is presently encumbered with an existing mortgage with a balance of $150,691.73. The interest on the loan has been paid through April 30, 2019. The interest...

As a real estate broker you are interested in a quantitative, data-driven approach to setting rental...

As a real estate broker you are interested in a quantitative, data-driven approach to setting rental prices so that you can effectively price and lease apartment units. To aid you in this endeavor you have sample data on recently signed residential leases in your area, presented below. Your objective is to learn if there is a significant relationship/pattern between the size of an apartment and the rent charged. If there is a relationship/pattern, we want to quantify that relationship and...

At what point does a Montana Real Estate Broker become a buyer's agent for an out...

At what point does a Montana Real Estate Broker become a buyer's agent for an out of town buyer?

Question 4 What are the important things to note when you want to upgrade the components...

Question 4 What are the important things to note when you want to upgrade the components of your laptop?

A real estate broker is offering an apartment building for sale that has the following characteristics:...

A real estate broker is offering an apartment building for sale that has the following characteristics: The asking price is $3.5 million with the land valued at $500,000. The 160 apartment units rent for $250 per month with rent expected to increase by 4% per year starting in year 2. Vacancy and bad debt allowance is 6% of the potential gross income each year. Operating expenses are expected to be 32% of effective gross income each year. The real estate...

What types of things do you want to teach or reinforce with Mr. Jones regarding his...

What types of things do you want to teach or reinforce with Mr. Jones regarding his lifestyle?

Why are legal foundations important in valuing real estate? List and briefly explain the four types...

Why are legal foundations important in valuing real estate? List and briefly explain the four types of ownership estates in use today. List and describe the four types of leasehold estates. List and describe the three types of easements.

In some states, including Alabama, a real estate broker is allowed to represent both the buyer...

In some states, including Alabama, a real estate broker is allowed to represent both the buyer and the seller in a real estate transaction. This is known as "dual agency." Do you see any potential problems with this arrangement given what you have learned about the duties of an agent to the principal? How can a broker simultaneously get the highest offer for a seller and the lowest price for a buyer? Your response should be between 150 and 300...

The real estate broker claims that “on average, 70 people passes by the store every hour.”...

The real estate broker claims that “on average, 70 people passes by the store every hour.” A sample of 12 hours revealed the following number of people passes by. 64, 66, 64, 66, 59, 62, 67, 61, 64, 58, 54, 66 What is the point estimate of the population mean, i.e. sample mean? What is the sample standard deviation? (I didn’t show you how to do this using your calculator this year, therefore, I am giving you the answer here;...

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