brokerage - correct answer A business that pertains to overseeing the needs of the parties and completing a transaction they may or may not involve agency
... [Show More] relationships
Real Estate Development - correct answer Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses.
immobility - correct answer It's a physical characteristic of land that cannot be moved
The demand for real estate is affected by - correct answer growth in employment, transportation systems, personal preference, availability of credit, federal government policy
What is the most important deterrent a value in Residential real estate - correct answer The size of the employment market
Common Law - correct answer A body of law based on common sense the court looks into findings of prior court when rendering a decision
TRELA - correct answer The Texas Real Estate License Act- passed by legislation to protect the public
TREC - correct answer Was created in 1949 it's the only one that can take your license
TREC licensing requirements - correct answer And act rules and regulations with the four force and effective law and advises as to these rules and laws.
The legislature has granted TREC Powers to - correct answer Assess administrative penalties up to 5000 per day against offending license and license individuals
RMLOs - correct answer Licensure for ____________ requires the completion of pre-licensing courses and a passing grade on a national and state exam.
Subdivisions - correct answer Has job opportunities expand, raw land is developed into residential
Real estate - correct answer Includes all that land encompasses and all man-made additions to the Land improvements such as roads houses in commercial properties
Surface rights - correct answer Ownership rights in a parcel of real estate that are limited to the surface of the property and do not include the air above it (air rights) or the minerals below the surface (subsurface rights).
improvement - correct answer Any permanent man-made addition to the land is considered a part of the land known as?
How is personal property transferred with real property? - correct answer Bill of sale
Personal property that is attached to the land in such a way as to become real property is called - correct answer Fixture
Annexation - correct answer The process of attaching personal property so that it becomes real property thus creating a fixture
severance - correct answer Changing an item of real estate to personal property by detaching it from the land; for example, cutting down a tree. Uninstalling them
Emblements - correct answer Refers to crops which require annual planting. They are considered personal property. They will be all owed to harvest the crop
Freehold Estate - correct answer when an individual owns real property
Taxation - correct answer The right to tax real property [Show Less]