I passed my test the first time. Have 3 questions for prorate and 1 for commissions. Definitely your videos help me a lot. Thank you! From Connecticut.
@@TheRealEstateClassroom had my MD real estate license about a month ago. He was so explicit and gave every details about the real estate exam. I highly recommend this Chanel.
You are a great instructor! Your videos are awesome! Helpful! Today, I passed my test! I watch your all videos. Also math as well. I noticed the one 28/36 Rule, I could not see on math videos. Thank you for your continuing teaching!
Awesome congratulations.... thanks for letting me know about the exam questions... I thought I had a video on this topic but I will look! Best of luck! 😁
my question doesnt relate to this video but i was wondering if you could talk about loan assumptions? i had a few questions that asked is it okay do to a loan assumption? like if they buyer assumes the loan does it become their responsibility on a 20 year loan or is it still the sellers?
A seller is offering his property for sale "as-is". A buyer enters into the contract and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer. (READ THE QUESTION) a. Can void the contract due to the seller's failure to disclose the latent defect. b. Can reduce the contract sales price by the cost of correcting the defect. c. must go through with the purchase because the house is being sold as is. d. can force the seller to correct the defect.
The railroad tracks near a property are being moved closer to the development where a client is buying home. This fact 1.must be disclosed because the buyer has the right to know something might influence his/her decision to buy. 2.Must be disclosed because the change is likely to create significant noise and air pollution hazards
The purchase and sales agreement provide for release of earnest money to the seller after the property inspection. The seller request an earnest money prior to the property inspection. The principal broker should? 1.Refuse to release the earnest money 2.Release the earnest money on the buyer's verbal approval
I'm honestly still confused. Do you have a video with the answers being the credit to buyer and debit to seller. I'm trying to figure out this question I'm doing. This is the info in the question. the property has annual taxes of $450. The date of closing is Oct 12 and is charged to the seller. Using the 365 day proration method. what is the amount of the tax proration? I watch the video and just can't figure it out. If anyone knows plz help😩
Quality supermarkets have taken occupancy of a retail building and have a long-term lease. As part of their fit-up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands. When Quality supermarket vacates the property at the end of the lease, will quality supermarkets be legally entitled to remove these fixtures? 1. no, because they are trade fixtures 2. yes, because they are appurtenances 3. no, because they are bolted to the floor 4. yes, if removed prior to the end of the lease PLS HELP MY TEST IS TOMORROW MORNING
Question 2. The most listing contracts, a broker who has brought a ready, willing, and able buyer to a seller who agrees to the terms of a sales contract: 1. earns a commission at that point 2. earns a commission even if the contingencies in the contract have not been met. 3. does not earn commission unless the sale closes 4. does not earn commission if the buyer and seller agree to rescind the contract PLS HELP i'll venmo you
This is the first time I have understood a proration problem. Thanks so much!!!
Hi Mona... You're welcome! 😁
Hi, Paul -- these proration problems have been giving me fits, but I like the clear way you explain them. New subscriber!
Thank you, Arizona Native. I appreciate your comment. Best of luck with your exam!
I passed my test the first time.
Have 3 questions for prorate and 1 for commissions. Definitely your videos help me a lot.
Thank you!
From Connecticut.
You are the best lecturer I have seen so far
Thank you! :o)
@@TheRealEstateClassroom had my MD real estate license about a month ago. He was so explicit and gave every details about the real estate exam. I highly recommend this Chanel.
@T T Thank you 😁
You are a great instructor! Your videos are awesome! Helpful!
Today, I passed my test! I watch your all videos. Also math as well. I noticed the one 28/36 Rule, I could not see on math videos.
Thank you for your continuing teaching!
Awesome congratulations.... thanks for letting me know about the exam questions... I thought I had a video on this topic but I will look! Best of luck! 😁
@@TheRealEstateClassroom Thank you again. I appreciate it. I will still watch the videos. You are awesome! 👏
Thank Paul, this was a very helpful video. I appreciate the time you are taking to put these videos out.
You're welcome. Thanks for commenting!
More study materials at TheRealEstateClassroom.com
Thank you! You made this really simple to understand🎉
This was very helpful, thank you
Glad it was helpful! Thanks for commenting!
my question doesnt relate to this video but i was wondering if you could talk about loan assumptions? i had a few questions that asked is it okay do to a loan assumption? like if they buyer assumes the loan does it become their responsibility on a 20 year loan or is it still the sellers?
I will put loan assumptions on the list of videos to do.... thank you for the idea
Thank you Sir for a very clear explanation.
Thank you!
the hardest thing for me about this is figuring out how many days are in each month haha
the struggle is real lol
Thanks!
Oh my gosh.... thank you so much... I really appreciate your generous gift... Thank you! 😀
@@TheRealEstateClassroom You are so welcome☺️ ! It is just a little gift! Thank you!
Thank you!
You're welcome
TYSM!
You're welcome!
A seller is offering his property for sale "as-is". A buyer enters into the contract and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer. (READ THE QUESTION)
a. Can void the contract due to the seller's failure to disclose the latent defect.
b. Can reduce the contract sales price by the cost of correcting the defect.
c. must go through with the purchase because the house is being sold as is.
d. can force the seller to correct the defect.
Can void the contract due to the sellers failure to disclose the latent defect
How is it the seller credit is they have the day of closing????
The test question will always indicate who is responsible for the day of closing...
The railroad tracks near a property are being moved closer to the development where a client is buying home. This fact
1.must be disclosed because the buyer has the right to know something might influence his/her decision to buy.
2.Must be disclosed because the change is likely to create significant noise and air pollution hazards
The purchase and sales agreement provide for release of earnest money to the seller after the property inspection. The seller request an earnest money prior to the property inspection. The principal broker should?
1.Refuse to release the earnest money
2.Release the earnest money on the buyer's verbal approval
.Refuse to release the earnest money
Do different states do it differently?
Yes they do. In fact, it can vary from county to county within the same state
I'm honestly still confused. Do you have a video with the answers being the credit to buyer and debit to seller. I'm trying to figure out this question I'm doing. This is the info in the question.
the property has annual taxes of $450. The date of closing is Oct 12 and is charged to the seller. Using the 365 day proration method. what is the amount of the tax proration? I watch the video and just can't figure it out. If anyone knows plz help😩
What if the question doesn't mention whose responsibility would be on the day of closing?
Dont understand why # of days wouldnt have been paid by seller. Why 13?
You lost me at 175 -13 B?
I think his s looks like a 5. I believe it says 17 for seller and 13 for buyer?
I'm still so lost... Wtf why am I having such a hard time with this?? I thought the tax year was July 1 to June 30????????
Quality supermarkets have taken occupancy of a retail building and have a long-term lease. As part of their fit-up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands. When Quality supermarket vacates the property at the end of the lease, will quality supermarkets be legally entitled to remove these fixtures?
1. no, because they are trade fixtures
2. yes, because they are appurtenances
3. no, because they are bolted to the floor
4. yes, if removed prior to the end of the lease
PLS HELP MY TEST IS TOMORROW MORNING
no, because they are trade fixtures
your answers are so wrong
@@learnbasic8620
Never mind, I figured out why. Ive been counting it wrong.
Question 2. The most listing contracts, a broker who has brought a ready, willing, and able buyer to a seller who agrees to the terms of a sales contract:
1. earns a commission at that point
2. earns a commission even if the contingencies in the contract have not been met.
3. does not earn commission unless the sale closes
4. does not earn commission if the buyer and seller agree to rescind the contract
PLS HELP i'll venmo you
3. does not earn commission unless the sale closes