Real Estate Basics
In real estate, what does the acronym "MLS" stand for?
What is Multiple Listing Service?
According to the OREF sale agreement, when is the appraisal to be ordered?
Located in New York City, what iconic skyscraper is often considered one of the most famous office buildings in the world?
What is the Empire State Building?
Negotiating $15,000 seller credit on a cash sale. How would you write this in your sale agreement?
What is Seller to credit buyer $15,000
What legal concept requires an agent to act in the best interests of their client, putting the client's interests above their own?
What is fiduciary duty?
What is the term for the initial payment held at escrow, typically due within 3 business days of an accepted contract?
What is Earnest Money
What is the new addendum called that discloses a buyers agent commission and/or seller credits?
What is Seller Contributions Addendum
Where is the tallest Waterfall in Oregon, also known as one of the most popular natural attractions?
What is Multnomah Falls?
What is the Cooley Group's biggest annual Team event?
What is Meat the Team
In real estate, what is the term for the illegal practice of directing buyers or renters to or away from certain neighborhoods based on their race, religion, or national origin?
What is steering?
What type of agency relationship exists when a real estate agent represents both the buyer and the seller in the same transaction?
What is dual agency?
Name the newly required form agents must have signed, prior to showing buyers a home.
What is "Buyer's Representations Agreement"
Situated in Agra, India, this white marble mausoleum is a UNESCO World Heritage Site and one of the Seven Wonders of the World. What is its name?
What is the Taj Mahal?
What is the approx average SOLD price and average DOM in Lane County 10/16/24 - 10/22/24?
What is $462,149 / $460K will work :)
What is 45 DOM
What ethical responsibility do real estate agents have to disclose known material defects in a property to potential buyers?
What is the duty to disclose?
What is the term for the increase in the value of a property over time, often due to factors like improvements, renovations, or market demand?
What is appreciation?
In Paris, this Gothic cathedral is a masterpiece of French medieval architecture and is considered one of the finest examples of French Gothic architecture. What is its name?
What is Notre-Dame Cathedral?
What # is The Cooley Real Estate Group ranked at for Top Groups Closed Units within the PNW?
What is #9. Out of 6,274 associates in region.
FUN FACT: Cooley Group is ranked #342 within US Top Large Teams
Over 70% of real estate lawsuits are due to what?
What is Seller Property Disclosures
What type of investment property is typically purchased with the intention of selling it quickly for a profit, rather than holding it for long-term rental income?
What is a fix-and-flip property?
When in contract to purchase a home with a domestic private well, what are the required 4 types of water quality tests needed?
What is Arsenic, Coliform, E. Coli & Nitrate
In the hills above Los Angeles, a popular sign was built in 1923. It originated largely as a publicity stunt, dreamed up by real estate agents to promote property as a temporary advertisement for a real estate development. The sign originally had 4 more letters than there are today. What is the name of the sign?
What is Hollywood? Originally Hollywoodland
New listings with less than 10 Showings & No Offers: What is Josh's general rule of thumb for seller discussions RE: what % the home may be overpriced. Answer as a percentage
What is 8-15% Over priced
Real estate professionals are often bound by a code of ethics established by their professional organization. In the United States, what is the name of the organization that publishes the Realtor® Code of Ethics?
What is the National Association of Realtors® (NAR)?