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S.L. Bland
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Decks in this class (70)
SU # 01__License Law Overview
When did the real estate license ...,
When can confidential information...,
Which of the following is not a p...
14
cards
SU # 02__Real Property Rights
What guarantees the right of priv...,
Which of the following is the bes...,
Which of the following is include...
33
cards
SU # 03__Ownership & Encumbrance
An interest in real estate is bes...,
Encumbrances and police powers ar...,
What distinguishes a freehold est...
61
cards
SU # 04__Title & Title Insurance
Which of the following best descr...,
A person claims ownership of a pa...,
Constructive notice of ownership ...
28
cards
SU # 05__Land Use & Environmental Controls
A central goal of public land use...,
The best definition of a master p...,
The principal mechanism for imple...
48
cards
SU # 07__Agency Laws
The essence of the agency relatio...,
In an agency relationship the pri...,
A principal empowers an agent to ...
44
cards
SU # 08__Agency Relationships
Define implied agency,
Under the act what must a license...,
What does the act mandate that a ...
21
cards
SU # 09__Ministerial Acts
What is the best way to avoid the...,
Which of the following actions ar...,
Buyer jane has stopped by your of...
12
cards
SU # 10__Agency Coupled with an Interest
What two terms are comparable wit...,
When can a principal terminate an...,
In illinois which statement is co...
7
cards
SU # 11__Distinguishing Client & Customer
Define the term client,
Define the term customer,
To whom does a licensee owe statu...
18
cards
SU # 12__Seller Agency Duties & Disclosures
When must a licensee give a clien...,
What does it mean when a client c...,
What are the three duties of acti...
10
cards
SU # 13__Property Condition Disclosure Report
Several buyers are competing for ...,
An owner completes a contract to ...,
During the executory period of a ...
27
cards
SU # 14__Material Defects, Disclosures & Misrepresentation
What is a material fact,
When counseling the sellers regar...,
When are properties considered st...
10
cards
SU # 15__Listing - Seller & Property Qualification
List three tasks that a licensee ...,
Under what circumstances does asb...,
What should a licensee tell his o...
10
cards
SU # 16__Listing - Pricing, Financing & Seller Equity
What is the single most important...,
What two common methods can help ...,
What factors contribute to the us...
18
cards
SU # 17__Listing - Distressed Properties
What is a distressed property,
List two options a seller might h...,
To what four questions must a sel...
18
cards
SU # 18__Listing - Agreement & Compensation Issues
What are some possible red flags ...,
What types of site information sh...,
Where in the listing agreement wo...
14
cards
SU # 19__Listing Disclosure Forms
Who can and cannot fill out the p...,
What must a licensee do if he or ...,
What is true about the illinois r...
14
cards
SU # 20__Marketing Period Communications and Counseling
Su 20__marketing period communica...,
Su 20__marketing period communica...,
Su 20__marketing period communica...
14
cards
SU # 21__Buyer Agency Duties and Disclosures
When must a licensee give a buyer...,
When must a licensee acting in a ...,
What are the three duties of acti...
14
cards
SU # 22__Buyer Representation Agreement and Compensation Issues
What are the three types of buyer...,
What are the ways a buyer s broke...,
What does the limitations of agen...
14
cards
SU # 23__Qualifying Buyer Needs
What are first time home buyers m...,
What are upsizers usually looking...,
What is the difference between a ...
14
cards
SU # 24__Buyer Financial Qualification
When you pre qualify a buyer what...,
What is the major difference betw...,
What risks do lenders face when m...
22
cards
SU # 25__Showing Properties
What is an important thing to rem...,
What should you do before you sho...,
What is an important technique th...
14
cards
SU # 26__Preparing Buyer's Offer
What is the most common objection...,
List two sales techniques a licen...,
List three areas that are importa...
14
cards
SU # 27__Buyer Counseling - Closing Costs
What do the buyer and seller rece...,
Under what circumstances would a ...,
What is the definition of the tax...
17
cards
SU # 28__Buyer Counseling - Pre and Post Closing Issues
What is important for the license...,
Why is the property inspection re...,
Describe three common items that ...
14
cards
CH # 29__General Requirements for Licensees
What are the three licensee types,
What is the document that indicat...,
When must a licensee notifying th...
12
cards
CH # 30__Disclosures and Consents
If a licensee has interest in a p...,
How does the law view third party...,
When does the law prohibit a lice...
9
cards
CH # 31__Licensed versus Unlicensed Activities
Under the rental finding services...,
A tenant of a residential dwellin...,
What does a rental finding servic...
11
cards
SU # 32__Disciplinary Actions
What is the maximum fine the depa...,
What methods of advertisement are...,
What does commingling of monies r...
11
cards
SU # 33__Fair Housing
List two steps a managing broker ...,
What is significant about the fai...,
Describe the exemption that exist...
43
cards
SU # 34__RESPA and Fair Financing Laws
What does respa require lenders t...,
Respa does not apply to what kind...,
What is the basic purpose of trut...
26
cards
SU # 35__Antitrust Laws
What s the penalty for violating ...,
What is market allocation give an...,
Broker jed tells buyer sam that w...
10
cards
SU # 36__Advertising and License Laws
What type of information must app...,
A licensee is selling his own unl...,
Why is it not prudent to describe...
14
cards
SU # 37__Laws Affecting Marketing
What is prohibited by the can spa...,
According to can spam what must c...,
Do not call
10
cards
SU # 38__Issues Affecting Market Value
Of the following market condition...,
What a property actually sells fo...,
Real estate value in general is t...
23
cards
SU # 39__CMA Mechanics
A significant difference between ...,
Which of the following statements...,
Appraisals make all of the follow...
10
cards
SU # 40__Selecting and Adjusting Comparables
If a comparable is better than th...,
Because the sale prices of the co...,
One of the principal factors for ...
29
cards
SU # 41__CMA Case Study
The comparable that required both...,
How many of the five comparables ...,
As sources of comparables the cma...
5
cards
SU # 42__Cost Approach
One of the strengths of the cost ...,
One weakness of the cost approach...,
The cost of constructing a simila...
10
cards
SU # 43__Income Approach
A weakness of the income approach...,
Why is the income capitalization ...,
A property is estimated to produc...
11
cards
SU # 44__Financing Principles
A lender lends money to a homeown...,
If the loan term loan amount and ...,
The primary mortgage market inclu...
47
cards
SU # 45__Financing Alternatives
Norm is buying a furnished condo ...,
If a borrower in a va guaranteed ...,
What is the function of the index...
15
cards
SU # 46__Financial Underwriting
Mortgage loan applicants must mee...,
Which of the following best expre...,
Respa requires that a lender with...
13
cards
SU # 47__Loan Estimate and Closing Disclosure
What does a demand feature mean i...,
What is typically deposited into ...,
On what document would a consumer...
11
cards
SU # 48__Foreclosure, Redemption and Bankruptcy
In what type of foreclosure is th...,
Which statement about a deed in l...,
In what type of foreclosure does ...
32
cards
SU # 49__Predatory Lending and Mortgage Fraud
The essence of mortgage fraud is ...,
A buyer borrows 20 000 from his m...,
Which of the following is not con...
5
cards
SU # 50__Credit Scores and FICO
The factors on which credit score...,
The median fico score in the unit...,
Under the fair and accurate credi...
5
cards
SU # 51__Listing Agreements
What is an important thing to rem...,
Describe an open listing,
What is the major difference betw...
31
cards
SU # 52__Property Management Agreements
To whom is a property manager res...,
What is the definition of a resid...,
How do the owner and the property...
17
cards
SU # 53__Purchase Agreements
What is the difference between a ...,
What is the difference between an...,
What are the five criteria of a v...
36
cards
SU # 54__Earnest Money and Escrow
What forms can an earnest money d...,
What type of account must an escr...,
When must earnest money be deposited
23
cards
SU # 55__Presenting and Negotiating Offers
Why is it important to include al...,
What types of buyers may be parti...,
Which areas of the purchase and s...
17
cards
SU # 56__Closing the Transaction
What is the difference between a ...,
What does respa require lenders t...,
Respa does not apply to what kind...
18
cards
SU # 57__Leases and Security Deposits
Which type of leasehold estate is...,
What are a tenant s primary oblig...,
What is the difference between a ...
36
cards
SU # 58__Independent Contractor Agreements
What is the main difference betwe...,
What are the three common law cat...,
What are the conditions of the ir...
14
cards
SU # 59__Brokerage Policies and Procedures
What does the law say about polic...,
What purpose do job descriptions ...,
What s the difference between a p...
14
cards
SU # 60__Operational Issues
Why is errors and omission insura...,
What should agents know about kee...,
What is a coded distress signal a...
14
cards
SU # 61__Business Planning
List a minimum of three reasons w...,
Give an example of a specific sho...,
What is meant by the term sphere ...
12
cards
SU # 62__Residential Appraising
Explain the difference between ma...,
What does the term anticipation m...,
Grace and paul spent 75 000 on a ...
34
cards
SU # 63__Commercial Property Investments
What do we call the idea that mon...,
List three other risk factors an ...,
What is liquidity
30
cards
SU # 64__Commercial Property Financial Analysis
Define cash flow,
What is before tax cash flow,
How is an investor s tax liabilit...
27
cards
SU # 65__Property Management Overview
If you hire someone as an employe...,
Maintenance records are the respo...,
Which of the following factors is...
10
cards
SU # 66__Relationships and Responsibilities
To whom should a property manager...,
The number one responsibility of ...,
Randy renter is earning 2000 per ...
10
cards
SU # 67__Leaseholds and Leases
Which of the following is not an ...,
The lease clause that states spec...,
Which of the following is true re...
9
cards
SU # 68__Legal Considerations
Illinois law generally requires w...,
A broker must establish and maint...,
In a situation in which a propert...
14
cards
SU # 69__Business Operations
How should you pay for emergency ...,
Another name for a program of rou...,
If the property manager uses an o...
15
cards
SU # 70__Reports and Specialization
Which information is not likely t...,
What are the two biggest concerns...,
A budget variance report isa repo...
10
cards
SU # 06__Construction and Measurement
Concerning the measurement of squ...,
Which of the following is a safet...,
One regulation based reason for b...
13
cards
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