Texas A&M University

Ansc 107 Exam 1 TAMU questions and answers graded A+

CHEN 459 TAMU Final questions with verified answers

AGEC 105 TAMU Exam 1 terms questions well answered to pass

Acceptance - Answer the action of consenting to receive or undertake something offered agreements for deed - Answer a type of seller financing in which the borrower/buyer makes payments to the seller/lender until an agreed upon amount has been paid and the seller/lender then delivers the deed to the buyer breach of contract - Answer The failure, without legal excuse, of a promisor to perform the obligations of a contract. Closing - Answer a meeting of the seller, the buyer, ...

What is Real Estate? - Answer Land + Improvements Improvements = Anything reasonably permanently attached/affixed to land What are the 6 most important things in Real Estate? - Answer Location, Location, Location Timing, Timing, Timing Real Estate Special Characteristics (7) - Answer 1. Fixed Location 2. Uniqueness 3.Interdependence of land uses 4. Long life 5. Long-term commitments 6. Large transactions 7. Long gestation period 4 Main Sectors of Real Estate - Answer...

improvements - Answer anything reasonably permantly attached/affixed to land Location and Timing - Answer What are the 3 most important things in Real Estate? (it is really only 2 just repeated 3 times) Real Estate - Answer is the physical land and appurtenances affixed to the land real property - Answer includes all interests, benefits, and rights inherent in the ownership of physical real estate title - Answer ownership rights to real property deed - Answer is ...

Ch. 5 - Answer Deeds and Titles All RE contracts must be in ______ - Answer writing 6 Essential Elements of a Deed - Answer 1. Grantor [Giver] 2. Grantee [Receiver] 3. Consideration [something of economic value] 4. Legal Description [metes/bounds, plats, etc] 5. Signatures [once have both, then it is considered executed] 6. Delivered [title not transferred UNTIL delivery to Grantee, filed with county] Covenants vs Warranties - Answer Covenant: agreement or promise [4] ...

Types of Residential Development - Answer 1.Single-family detached 2.Single-family attached 3.Multifamily 4.Manufactured homes 5.Second homes Single-family detached - Answer •Pro's -Privacy -Elbow room -Often have best resale value examples: -Patio or Zero -Lot-Line Homes -Traditional -Modern -Ranch patio house - Answer a detached house with at least one wall that touches the property line. Has garden court enclosed by house and walls. construction is from ...

urban and regional economics - Answer the discipline of studying real estate markets at the urban and regional level comparative advantage - Answer -rapid economic and population growth generally results because one locale has this over another -this may be a result due to advantages in transportation facilities, quality or quantity of other factors in the created environment, or because of natural resources, a favorable climate, or the quality or quantity of the labor force. transp...

agency - Answer a legal relationship between a principal and an agent agent - Answer the party authorized to conduct business on the principal's behalf blockbusting - Answer the illegal practice of encouraging property owners to sell their homes when minorities begin moving into an area broker - Answer an intermediary who brings together buyers and sellers, assists in negotiating agreements between them, executes their orders, and receives compensation for services render...