in showing properties for sale which of the following is a recommended course of action

When should the seller give a prospective buyer the property condition disclosure?

How and when should the seller of a property give a prospective buyer the property condition disclosure? In writing, as soon as is possible before the transfer of the title. Emma's property is assessed at $650,000.

Does the advertisement include the price of the property?

No, the advertisement does not include the price, which is a necessary requirement. No, the name of the brokerage company must always be included, as well as the broker's phone. 2. __________ and _________ determine a building's potential for generating income.

How many terms are on the MS real estate exam?

MS Real Estate Exam part 5 360 terms divine2023 Ch. 1 - Mississippi License Law 3 time part 3 82 terms divine2023 Exam 1 - Actual Questions 3 time part 2

What is a definite place of business for a real estate broker?

A definite place of business must prominently display the certificate of registration as broker and the certificate of each salesperson employed by the broker. Every individual, partnership, association or corporation licensed as a real estate broker must have a definite place of business.

What is a broker's proper course of action when they have listed a property?

What is a brokers proper course of action when he or she has listed a property and found that the title to the property is not clear title? A: Immediately notify the owner of the condition of the title.

What form should Agents show sellers near the end of a listing presentation to help them become more familiar with the upcoming transaction?

What form should agents show sellers near the end of a listing presentation to help them become more familiar with the upcoming transaction? a. listing agreements.

What action should a seller take if someone appears at the door to see the house and the seller has it listed with a broker?

How should a seller deal with an interested party that shows up at their front door unannounced and wants to see the house? - The seller should conduct a tour. - Take the person's name and then call the office immediately so an agent can come to do the showing.

Which of the following is an advantage to purchasing a commercial property?

Which of the following is an advantage to purchasing a commercial property compared to a residential property? +Business tenants are generally easier to deal with than apartment house tenants.

What is a sales property listing presentation?

The listing presentation, as you know, is your opportunity to explain your sales process and approach to a customer in a way that will persuade them to choose you to represent them as their real estate agent. You need to be able to communicate with them in a way that they will understand and appreciate.

What should be in a listing presentation?

15 Things You Should Bring to Your Listing AppointmentA CMA (Comparative Market Analysis) ... Your range of value. ... A handful of client success stories. ... Multiple net sheets. ... Your USP (Unique Selling Proposition) ... An eye-catching listing presentation. ... Confidence. ... Business Cards.More items...•

Which action should a licensee do before a listing meeting?

List three tasks that a licensee might do prior to having a listing meeting with a prospective seller. Become familiar with the neighborhood. Prepare a comparative market analysis (CMA) to share with the sellers. Take the time to view the outside of the potential client's home and evaluate the curb appeal.

How should a seller deal with an interested party that shows up at the front door unannounced and wants to see the house?

How should a seller deal with an interested party that shows up at their front door unannounced and wants to see the house? The seller should conduct a tour. Take the person's name and then call the office immediately so an agent can come to do the showing.

What do you have to disclose when selling a house?

Sellers have to disclose any occupants (ie boyfriend, grandparent), who should also sign the contract. Sellers must disclose any official letters that have been received. And it is advisable to disclose any planning matters relating to the house or the neighbourhood.

Which of the following items must be included in a property management agreement?

6 things that should be included in a property management... Fees and services. ... The responsibilities of the property owner. ... Equal opportunity housing. ... Liability. ... Contract duration. ... Termination clause.

What is an advantage of purchasing a commercial property compared to a residential property?

Simply put, the amount of cash flow a commercial property is earning, the higher the property value will be. With the right tenants, investors could see an increase in value at a much faster rate than residential housing.

What is leasehold commercial property?

A leasehold is a legal term for space that you rent. Whether you're renting a piece of land with a building on it, or your business is occupying a portion of a floor in an office building, you have a leasehold. Businesses choose to lease for many reasons including flexibility, cost and tax benefits.

What is a clause that allows the lender to charge points to the borrower?

The clause that allows the lender to charge points to the borrower. The clause that allows lenders to call the entire balance due and payable immediately if the borrower defaults on the loan. The clause that reverses the amortization of the loan.

What is a definite place of business?

A definite place of business must prominently display the certificate of registration as broker and the certificate of each salesperson employed by the broker. Every individual, partnership, association or corporation licensed as a real estate broker must have a definite place of business. If a broker has more than 1 office, ...

Does Tyler own a property?

An individual does not have to have a definite place of business but a partnership, association or corporation licensed as a real estate broker must do so. Tyler owns a property within the city limits of a town that is on the Mississippi River.

Can escrow accounts be interest bearing?

No, escrow accounts cannot be interest bearing unless the escrow amount is over $10,000. No, escrow accounts can never be interest bearing. Yes, escrow accounts can be interest bearing if both parties agree. Lamar sells another broker's $800,000 listing for $785,000 at a commission rate of 6.5%.

What should an agent tell neighbors to stay home?

Agents should tell the next door neighbors to stay home. Before the open house, the agent should open the drapes on all windows to let in the natural light. Make sure the home looks "lived in" by having possessions visible to the public. 5. The property manager's first responsibility is to.

How long does an affiliate broker license last?

An affiliate broker’s license will expire: every two years based on its date of issue. on the person’s second birthday following issuance of the license. three years from the effective date. biannually based on the date of application. 33.

Can tax assessors do spot reassessments?

Tax assessors cannot do "spot" reassessments of properties unless a material change in the property has been reported. a new owner has taken possession since the last assessment. the property has not been changed in any way. the property in question is worth more than $1,000,000.

Is a legal description a good description?

No, this is not a good legal description because it does not begin and end at the point of beginning. No, legal descriptions cannot be determined in this manner. No because there is no reference to the meridians or parallels. Yes, this is a good legal description because it does begin and end at the point of beginning.

Does the broker's phone have to be included in the listing?

No, the advertisement does not include the price, which is a necessary requirement. No, the name of the brokerage company must always be included, as well as the broker's phone. 2.