Question

Most real estate agents charge _________________ as a commission to sell your property.

A- 1-2%

B- 3-5%

C- 6-7%

D- 8%

Answer #1

**The Correct Answer would be option C- 6-7%.**

**Most Real estate agents charge 6-7% as commission to
sell your property.**

If anyone is planning to sell his home by using the services of a real estate agent then he has to pay commission to the agent. The real estate agent will invest their significant time and resources to make sure that the sale takes place. The expertise provided by the real estate agents are worth paying the commission as they make the sale process easier. They would usually charge 6-7% as commission on the sale of property.

Pat is the manager of a real estate group that is part of a
larger real estate company. Here are the total number of home sales
from 2019 for all the agents at the entire company.
15
20
3
5
6
8
9
10
10
4
5
6
9
4
3
14
2
5
8
Pat wants to know if her own real estate group, which has 4
agents (the sample, in this case), has sold more homes than the...

An
important factor in selling a residential property is the number of
times real estate agents show a home. A sample of 15 homes recently
sold in the Buffalo, New York, area revealed the mean number of
times a home was shown was 23 and the standard deviation of the
sample was 6 people. Develop a 99% confidence interval for the
population mean.

The most common source of equity in commercial real estate is
from
A.
REITS
B.
Pension Funds
C.
High Net Worth Individuals
D.
Sovereign Wealth Funds
Contingencies in real estate contracts allow for
buyers/borrowers to
A.
Perform due diligence without the risk of losing their deposit
as long as they don't let the contingency period expire
B.
Negotiate the best terms
C.
Default on the contract
D.
Perform market research to help increase the appraised value
Loan Servicing usually pays...

This is a real estate math question. On the sale of any
property, a sales associates compensation is based on the total
commission paid to the broker. The sales associate receives 30% of
the first $2,500, 40% of the next amount between $2,500 and $7,500,
and 50% of any remaining amount exceeding $7,500. If a property
sells for $234,500 and the broker's commission rate is 6.5%, what
is the sales associates total compensation?
Select one:
a. $7,621.25
b. $6,621.25
c....

You are looking to invest in a real-estate property to rent out
that will cost $90,000. The property is expected to produce annual
rent cash flows of $8,000 in Year 1, $8,400 in Year 2, and $8,800
in Year 3, at which point you will sell the property for
$92,000.00, if your bank quotes you a mortgage rate of 6.5% per
year what is the dollar return you can expect on your investment?
Additionally, should you buy the property?
a....

A town has 500 real estate agents. The mean value of the
properties sold in a year by these agents is $900,000, and the
standard deviation is $200,000. A random sample of 100 agents is
selected, and the value of the properties they sold in a year is
recorded.
a. What is the standard error of the sample mean?
b. What is the probability that the sample mean exceeds
$917,000?
c. What is the probability that the sample mean exceeds...

Real Estate
11) In order to complete the Due diligence for a rental property
in NYC, you as the buyer may ask for the registered rent roll from
the following NYC AGENCY:
A) DHCR B) OSHA C) HPD D) DOB
12) When a title is passed from the seller to the buyer, the
form used in the conveyance is the:
(A) sales contract. (B) agreement of sale. (C) deed. (D)
habendum clause in the title.
13) Christopher Jones has been...

Lindsey exchanges investment real estate parcels with Donna.
Lindsay’s adjusted basis in the property is $400,000, and it is
encumbered by a mortgage liability of $200,000. Donna assumes the
mortgage. Donna's property is appraised at $1,000,000 and is
subject to a $100,000 liability. Lindsey assumes the liability. If
no cash is exchanged, what is Lindsey's basis in the new real
estate?
a.
$- 0 -
b.
$100,000
c.
$200,000
d.
$400,000
e.
$600,000
The answer is (d) $400,000. Please explain...

What is the purpose of recording in real estate?
Question 15 options:
1)
to make the government happy
2)
to keep the deed safe
3)
to estimate the closing costs
4)
to inform anyone who may have a potential interest in the
property
A "Realtor-Associate" is the title that a person is entitled to
use once they have passed their State Real Estate salesperson
exam.
Question 8 options:
1)
True
2)
False

Mary is interested in real and estate and wants to work for a
local government, what would be her ideal career?
Select one:
a. Land use planner
b. Real estate attorney
c. Property manager
d. Real estate agent
------
Rights included in a fee simple estate do NOT normally
include:
Select one:
a. The right to dump in the river behind your house
b. The right to lease the property
c. The right to decide who will inherit the property...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 6 minutes ago

asked 7 minutes ago

asked 8 minutes ago

asked 10 minutes ago

asked 11 minutes ago

asked 11 minutes ago

asked 11 minutes ago

asked 14 minutes ago

asked 19 minutes ago

asked 21 minutes ago

asked 25 minutes ago

asked 25 minutes ago