General
A type of property ownership when 2 or more people own it. What type of ownership is this?
What is tenancy in common.
A rental property is bought with hard money and then fixed up for a new tenant before the investor went to a traditional lender for a new loan. The investor does this again and again. What do you call this strategy?
What is the BRRR method.
What must appear in letters the same size or larger than those spelling out the name of the licensee or name of team?
What is brokerage name.
Buyers should view/sign this prior to making an offer.
What are Property Condition Disclosures/Exemptions.
In The Wizard of Oz, Dorothy said, "There is no place like home!"... Her home was in this tornado prone state.
What is Kansas.
Loyalty, Obedience, Disclosure, Confidentiality, Reasonable Care and Diligence and Accounting. What are these to a real estate agent?
What are Fiduciary Duties of a Real Estate Agent.
Once I buy a property, I'm not going to sell it for a very long time, if ever. What do you call this strategy?
What is buy and hold.
This can be used in advertising only if registered with TREC?
What is nicknames.
Notice By licensees to notify parties they are NOT experts on property condition/inspection issues.
What is a disclaimer.
The Flintstone's lived in this town.
What is Bedrock.
A tax strategy that allows an investor to defer taxes by reinvesting the proceeds from the sale of one investment property into another investment property. What is this called?
What is a 1031 or like kind exchange.
This famous dolphin had adventures with Elijah Wood in the 90s and in his spare time fixes up houses and sells them for a profit. What do you call this strategy?
What is flipper.
Email signatures, pens, and print advertising(magazines) - which of these is not considered advertising under TREC?
What are pens.
I f the seller or licensee is aware of any ________ concerning the property it must be disclosed even if an Exemption form is used.
What are adverse facts.
This real estate board game became the best-selling game in America just one year after it was created.
What is Monopoly.
The title policy that protects the buyer from any liens on title that may be found after closing. What is the name of this policy?
What is an Owner's Title Policy.
An investor bought a 3 family property with a FHA loan, lived in one unit and then rented the other units to his friends. What do you call this strategy?
What is house hacking?
What do you need to post a sign in any location advertising property for sale, purchase, exchange, rent or lease?
What is written authorization from the owner.
The buyer wants to use this form to waive their rights to any repairs.
What is notification form.
This movie is based about a group of investors, who in 2006 - 2007, bet against the United States mortgage market. In their research, they discover how flawed and corrupt the market is.
What is The Big Short.
Can a seller immediately terminate the contract if the buyer doesn’t deliver their earnest money within the deadline?
What is no, they must make written demand.
A real estate investor partnership can be a viable way for multiple investors to pool their resources together to fund a single investment. These partnerships can also open the door to larger investment opportunities like multifamily properties or commercial office buildings. What do you call this strategy?
What is syndication.
This rule regards to social media advertising by licensees, in which he firm name and firm telephone number listed on file with the Commission must ___?
What is be one click away.
This is the form that you use when the seller wants to sell the property “as is”. The seller is stating that he is not going to make repairs and is not disclosing anything.
What is RF 204 (Tennessee Residential Property Disclaimer form).
These game makers teamed up with real estate agents to create a game that captures the awkward, the stressful, and the downright hilarious moments of your day to day so that you can turn them into even more hilarious memes!
What is What do you Meme? Real estate edition.