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Barney Fletcher Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 28 pages • 2024
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A seller wants to list the property with a broker, but wants to avoid paying any commission should the 
seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid 
signing? 
A. an exclusive agency listing 
B. an exclusive right to sell listing 
C. an open listing 
D. all listings - B. an exclusive right to sell listing 
Mr. Smith listed his farm with broker Bob. Although Smith did not tell him, Bob knew he had to sell due 
to poor health. What should...
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Barney Fletcher Real Estate Exam with 100% correct Answers
- Exam (elaborations) • 29 pages • 2023 Popular
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Barney Fletcher Real Estate Exam
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Barney Fletcher Cram Notes Booklet Questions & Answers(RATED A)
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deed - ANSWER the instrument used to transfer real property
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Exam 2 Barney Fletcher Correct 100%
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FBPA is a GA Law - ANSWER True 
 
Referrals are from broker to broker (licensee to licensee) - ANSWER True 
 
The secondary mortgage market is used for what? - ANSWER loans are bought and sold... provides liquidity for the primary market 
 
Accrued interest is the sellers interest since his last payment - ANSWER True 
 
In a cooperative type of ownership, the unit dweller does not get an individual tax bill - ANSWER True 
 
Multiple tenants in same shopping center who are not forced to move in a...
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Section 3 Chapter 3 Barney Fletcher 100% Correct
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monopolistic practices - ANSWER actions that reduce the fair market competition between enterprises or entrepreneurs 
 
Group Boycotting - ANSWER Occurs when two or more businesses conspire against other businesses or agree to withold their patronage to reduce competition. 
 
CAN-SPAM Act - ANSWER A federal law that placed guidelines on mass commercial emails. 
Each violation subject to fine of up to 16,000 
 
CAN-SPAM requirements - ANSWER Accurate header info - to and from fields, originating ...
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Post License Course (Barney Fletcher)Correct 100%
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80-90% - ANSWER Within the first five years around ___% of agents leave the real estate business 
 
1. Urgency 
2. Motivation 
3. Financial Ability 
4. Wants and Needs 
5. Agency - ANSWER For buyers what are the five steps of the pre-qualification process 
 
1. Urgency 
2. Motivation 
3. Concerns 
4. Expectations 
5. Hesitations - ANSWER For sellers what are the five steps to the first appointment 
 
Prospect - ANSWER A person who may be willing to engage in a real estate transaction 
 
Suspect ...
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Barney Fletcher Georgia Real Estate 1-3 Homework Correct 100%
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Non-Homologous - ANSWER physical characteristic of land 
 
Investment Permanence - ANSWER economic characteristic of land 
 
Metes and Bounds - ANSWER a method of land description which involves length measurement, compass direction and markers 
 
Recorded Plat (Lot and Block) - ANSWER a property description method using lot numbers, block numbers and subdivision
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Barney Fletcher Pre- Licensing Vocabulary 100% Accurate!!
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Open Listing - ANSWER a listing made available to more than one broker
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Barney Fletcher - GA RE School Exam Questions & Answers(RATED A)
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What is the tax assessment rate for all real property in Georgia? - ANSWER 40% 
 
What could happen if a property is sold at foreclosure and does not bring enough money to satisfy all of the debts secured by the property? - ANSWER Outstanding debts could be pursued as a result of a deficiency judgement 
 
When foreclosure occurs, the payment priority of most of the outstanding debts is established by: - ANSWER Date of recordation 
 
With a traditional, fully amortized loan, the interest portion ...
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Barney Fletcher Section 1 Correct 100%
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Bundle of Rights - ANSWER the legal rights that accompany real property ownership. 
 
Real Estate or Real Property - ANSWER Land, improvements, & legal rights of ownership 
 
Appurtenance - ANSWER rights, privileges or improvements that belong to and pass with the transfer of property. Attaches to land, not owner 
 
Surface Rights - ANSWER right to control, occupy, and use the surface area of a parcel of real estate (the land), including the building of improvements (real property), and the grow...
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Barney Fletcher Book 2 | Section 5 100% Accurate!!
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Two Brokers have a dispute about a commission split. Which of the following could become involved in settling their dispute? 
a) a court of competent jurisdiction 
b) The real estate commission 
c) The commissioner 
d) The Department of Justice - ANSWER a 
 
ABC Corporation owns 10 apartment buildings 
a) ABC employees who manage the buildings must be licensed 
b) the officers of the corporation must be licensed 
c) Employees of the corporations do not need to be licensed 
d) Only employees who ...
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Barney Fletcher Exam Questions 4 Questions & Answers!!
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which BEST describes the principle that a home maintains its highest value in a neighborhood with similar homes and similar type housing? 
 
A. substitution 
B. conformity 
C. highest and best use 
D. competition - ANSWER B. conformity 
 
If you took projected future costs from projected future income, you would arrive at: 
 
A. capitalization rate 
B. projected net income 
C. projected debt service 
D. projected debt coverage - ANSWER B. projected net income 
 
A deed would be presumed to have ...
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