Category: Real Estate

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in a real estate relationship? Define ‘agency’ as according to the California Civil Code. Explain what is a Fiduciary Relationship, how is it created and how does it obligate the agent?
2. Name and ‘Define’ the 3 ways a real estate agency is created, be specific. Which one of the three is the most common?
3. Explain the difference between an independent contractor and an employee of a real estate office.
4. Can a real estate agent represent both the buyer and seller on the same transaction at the same time? Why or why not? Name three occasions when the Disclosure Regarding Real Estate Agency Relationships Form must be completed.
5. What is a “Trust Account’ ? What is ‘commingling’ ? What three (3) choices does a real estate agent have to make with a buyer’s deposit within 3 business days (if the buyer did not ask to have the check held uncashed)?
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 3” in the Module and make sure to review the PowerPoint.

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in a real estate relationship? Define ‘agency’ as according to the California Civil Code. Explain what is a Fiduciary Relationship, how is it created and how does it obligate the agent?
2. Name and ‘Define’ the 3 ways a real estate agency is created, be specific. Which one of the three is the most common?
3. Explain the difference between an independent contractor and an employee of a real estate office.
4. Can a real estate agent represent both the buyer and seller on the same transaction at the same time? Why or why not? Name three occasions when the Disclosure Regarding Real Estate Agency Relationships Form must be completed.
5. What is a “Trust Account’ ? What is ‘commingling’ ? What three (3) choices does a real estate agent have to make with a buyer’s deposit within 3 business days (if the buyer did not ask to have the check held uncashed)?
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 3” in the Module and make sure to review the PowerPoint.

CHAPTER 5 – Contracts:
1. Define ‘contract’ and explain the difference between a

CHAPTER 5 – Contracts:
1. Define ‘contract’ and explain the difference between a unilateral contract and a bilateral contract, give examples.
2. What is an express contract? What is an implied contract? What is Offer and Acceptance? What must be completed after acceptance?
3. What are the 4 classifications or legal effects of contracts? Be specific.
4. Name and define the 5 essential elements of a real estate contract.
5. Name the 4 different types of real estate listing agreements. Which one is preferred by most real estate agents? Why?
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 5” in the Module and make sure to review the PowerPoint.

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in

Questions:
CHAPTER 3 – Real Estate Agency
1. Who is considered the Principal in a real estate relationship? Define ‘agency’ as according to the California Civil Code. Explain what is a Fiduciary Relationship, how is it created and how does it obligate the agent?
2. Name and ‘Define’ the 3 ways a real estate agency is created, be specific. Which one of the three is the most common?
3. Explain the difference between an independent contractor and an employee of a real estate office.
4. Can a real estate agent represent both the buyer and seller on the same transaction at the same time? Why or why not? Name three occasions when the Disclosure Regarding Real Estate Agency Relationships Form must be completed.
5. What is a “Trust Account’ ? What is ‘commingling’ ? What three (3) choices does a real estate agent have to make with a buyer’s deposit within 3 business days (if the buyer did not ask to have the check held uncashed)?
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 3” in the Module and make sure to review the PowerPoint.

CHAPTER 4 – Real Estate Disclosures:
1. Regarding disclosures in real estate, p

CHAPTER 4 – Real Estate Disclosures:
1. Regarding disclosures in real estate, please define what a material fact is, give examples.
2. Name and describe the 5 different sections to the Transfer Disclosure Statement (see pages 73 – 75).
3. Name and describe the 6 areas addressed in the Natural Hazard Disclosure Statement (see pages 62 – 63).
4. Explain what exactly is Megan’s Law, does a real estate agent need to do any research for or with the buyer? What is the website to conduct this research?
5. Describe the purpose of the Agent’s Visual Inspection Disclosure form, how is it different from the Transfer Disclosure Form ? (see pages 76 – 78).
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 4” in the Module and make sure to review the PowerPoint.

Questions:
1. Fully describe what is meant by a seller’s market and a buyer’s ma

Questions:
1. Fully describe what is meant by a seller’s market and a buyer’s market in residential real estate.
2. Explain in detail the difference between the U.S. Government’s budget deficit versus the national debt.
3. Explain in detail what is the Secondary Mortgage Market and what is it that they do?
4. Name the 3 agencies of the Secondary Mortgage Market, both their full names and their nicknames.
5. Define (in detail) loan underwriting.
Note: Please number your responses to match the questions.

For this week’s Discussion Board, please post 3 different things that could adve

For this week’s Discussion Board, please post 3 different things that could adversely effect the desirability of a property that are NOT related to the structure itself, in other words neighborhood or neighbor situations or nuisances. Feel free to share any experiences of family members or friends. 3 pages

Real Estate is heavily based on the concept of supply and demand and a new term

Real Estate is heavily based on the concept of supply and demand and a new term called Gentrification is happening. Gentrification can be rather controversial, please view this video (5 minutes, 49 seconds) and post your thoughts on this subject. Here in San Diego a few neighborhoods come to mind that have experienced Gentrification: Little Italy, East Village, Logan Heights and especially North Park/ Normal Heights, tell us what you think in this week’s discussion post.

Below is a 3-minute video on “What is a Mortgage?”. It’s pretty elementary, but

Below is a 3-minute video on “What is a Mortgage?”. It’s pretty elementary, but the question for this week’s discussion is…..do you think you’d prefer to go to a bank or a credit union or a mortgage broker to apply for your first home loan ?
i need 3 pages

CHAPTER 5 – Contracts:
1. Define ‘contract’ and explain the difference between a

CHAPTER 5 – Contracts:
1. Define ‘contract’ and explain the difference between a unilateral contract and a bilateral contract, give examples.
2. What is an express contract? What is an implied contract? What is Offer and Acceptance? What must be completed after acceptance?
3. What are the 4 classifications or legal effects of contracts? Be specific.
4. Name and define the 5 essential elements of a real estate contract.
5. Name the 4 different types of real estate listing agreements. Which one is preferred by most real estate agents? Why?
Hint: If you have not obtained the required textbook as yet, I have posted the chapter reading under “Read Chapter 5” in the Module and make sure to review the PowerPoint.