Critical reading information Flashcards
Agents Are prohibited from interfering with other agents relationships, this means that agents should not?
Contact another agents client directlyEngage in real estate discussions with someone else’s client, solicit other agents client
Do not call list must check how often
Every 30 days
Don’t have to check do not call list for.
Business relationships for 18 months, three months after inquiry, political companies, Charities
All real estate ads must contain what
Firm name
Licensee should always review what
Deed to the property
What should a licensee look for on the deed
Sellers name, manner of holding title, legal description, verify types of ownership
What are RPOADS And wind must they be provided to the buyer and who completes them
Residential property owners And association disclosure statement, seller to provide to buyer before the submission of offer
For sale by owner must complete as well
What do we know about lead based paint
Must disclose on sale or lease the property built prior to 1978
Seller is under no obligation to test a repair or remove.
Renovation must be trained
What must the licensee do before marketing square footage
Must verify square footage
Can only rely on listing agent or other professionals
Not rely on tax record, owner, past transactions
Always measure her home from the outside if possible but if you measure inside you must
Add 6 inches for walls
Stairs get included how?
On first and second story
Total ceiling height
At least half the room must be 7 foot to count any other room
Slope ceiling
When ceilings are so low you start counting when the ceiling as at least 5 foot tall
Basement area
Pipes and beams can extend down 6’4” and it still counts
What to know about CMA
Comparative market analysis
Always adjust cops, not the subject property
When cops are inferior then you add when cops are superior then you subtract
