Legal Description of Property || IL Real Estate Broker Prep Lunch & Learn

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  • Опубліковано 17 лис 2024

КОМЕНТАРІ • 12

  • @realestatetutoress
    @realestatetutoress  2 роки тому

    During the live, someone asked about what to study for the state portion. Check out this video for the sections to study - ua-cam.com/video/ynN3r1tw7U0/v-deo.html

  • @imuselayce
    @imuselayce Рік тому

    Thank you the breakdown is great help, keep the videos coming!

  • @Realestatefamily4u
    @Realestatefamily4u Місяць тому

    Has any been contacted by brokers and agents before passing both tests?

  • @Realestatefamily4u
    @Realestatefamily4u Місяць тому

    Help with this question please.
    A farmer owns the W1/2 of the NW1/4 of the NW1/4 of Section 22. The remainder of the large NW1/4 can be purchased for $300 per acre. Owning the remainder of the NW 1/4 of section 22 would cost?

    • @realestatetutoress
      @realestatetutoress  Місяць тому

      @@Realestatefamily4u when you solve it, what do you get?

    • @Realestatefamily4u
      @Realestatefamily4u Місяць тому

      I got 12,000

    • @realestatetutoress
      @realestatetutoress  Місяць тому

      @@Realestatefamily4u I got $52,00.
      The farmer owns 20 acres, the remaining NW 1/4 is 140 acres. The cost is $300 x 140

  • @blaringbreeze
    @blaringbreeze Рік тому

    Hey
    I have a question that's off topic
    If a buyer wants to purchase a home but doesn't know what state they want to live in: if the buyer has an agent in each state what type of agreement does the buyer have?

    • @realestatetutoress
      @realestatetutoress  Рік тому

      Honestly, I don't know. I would need more information to give you an answer.
      There are 3 types of buyer agency agreements so I would need to know which type they signed with the agent. There is no universal agreement for multiple states.
      Remember, we're licensed by state so it depends on sooo many factors. I doubt you'll get a question like this on the exam without more details about the type of agreement they signed.

    • @blaringbreeze
      @blaringbreeze Рік тому

      @@realestatetutoress the buyer wants to pay only the agent who found the property they want and I actually had a question like this in my test

    • @realestatetutoress
      @realestatetutoress  Рік тому

      @@blaringbreeze right, that's an Open Buyer Agreement, 1 of the 3 types. Here's a video on Brokerage agreements ua-cam.com/users/livei5IuX3CeHvw?si=O2X2BFe3m5xit_vD