120 Best Real Estate Questions and Answers (Q&A) - ProProfs Discuss

What is the difference between Real Estate Agent and Broker?

J. Pollock, Science Professor
Answered: Jul 04, 2019

If you are looking for a house, you may want to contact a real estate agent so that he or she can help you find a house. You can find a house on your own, but it is easier if you have someone...Read More

3 Answers

516 views

What are the 3 types of property?

John Smith
Answered: Jan 10, 2025

The united way, Kelcie (daughter), Keep for himself, Tabitha (sister), Preston (father), Property should be gifted to landons father, preston, because the property is income-producing and landons...Read More

1 Answer

508 views

What is the maximum distance of a rest stop in a walkway?

Nhixgalang
Answered: Jan 10, 2025

12.00 m

1 Answer

459 views

What is the difference between Real Estate Taxes and Property Taxes?

Mehak Assetmonk
Answered: Oct 22, 2020

Though referred to as the same tax, property tax, and real estate tax usually depend on who is using it.
Like real estate, tax is charged on immovable property, including land and...Read More

3 Answers

413 views

What is it called when the estimate of value is adjusted because of an outdated kitchen?

Myrealestatetutor
Answered: Jan 10, 2025

Functional obsolescence.

The answer is functional obsolescence. Anything that is inferior due to operational inadequacies, poor design, or changing tastes and preferences is classified as...Read More

1 Answer

413 views

Who must have a real estate broker's license in order to transact business?

Myrealestatetutor
Answered: Jan 10, 2025

The answer is person who negotiates the sales of entire businesses, including the stock equipment and buildings, for a promised fee. One does not need a real estate license to sell personal...Read More

2 Answers

394 views

What is the difference between Quitclaim Deed and Warranty Deed?

J. Lautner, Product Manager
Answered: Aug 30, 2019

A warranty deed is a document ensuring that no other person has the right to the property being transferred. A deed that is quitclaim does not provide any assurance as to the validity of such...Read More

2 Answers

381 views

What portion of US homeowners take the mortgage interest deduction?

John Smith
Answered: Jan 10, 2025

40-50%-approximately 43% of homeowners take the mortgage interest deduction.in 2007 there were 75.6 million owner occupied homes. owner occupied homes were 68% of all households. only 29% of tax...Read More

1 Answer

344 views

How to invest in real estate property?

Singhrummirani
Answered: May 22, 2020

Buying and proudly owning actual property is a funding strategy that may be each pleasing and useful. Unlike stock and bond customers, potential real assets proprietors can use leverage to shop...Read More

3 Answers

336 views

When should a landlord first present the rules and regulations for the tenants of leased property?

Myrealestatetutor
Answered: Jan 10, 2025

At the time the tenant enters into the rental agreement or at the time the rules or regulations are adopted

The answer is AT THE TIME THE TENANT ENTERS INTO THE RENTAL AGREEMENT OR AT THE...Read More

1 Answer

330 views

How can I become a real estate agent?

C.Dorothy
Answered: Dec 08, 2017

To become a real estate specialist is a noteworthy venture for anybody who is interested in sales or marketing. Individuals often enter the field from different occupations and professions, and...Read More

1 Answer

274 views

What number of years has the IRS established as the useful asset life for nonresidential income-producing property for calculating depreciation?

Myrealestatetutor
Answered: Jan 10, 2025

39

The answer is 39. The IRS has established the useful asset life of 39 years for nonresidential income-producing property.

1 Answer

270 views

What happens to community property in a community property state?

Myrealestatetutor
Answered: Jan 10, 2025

Neither spouse may sell any real estate owned as part of their community property unless both spouses sign the sales contract and deed.

The answer is NEITHER SPOUSE MAY SELL ANY REAL ESTATE...Read More

1 Answer

244 views

Who must notify a buyer in writing of the importance of getting an abstract examined by an attorney of the buyer's choice or obtaining an owner's title policy prior to closing?This...

Myrealestatetutor
Answered: Jan 10, 2025

Real estate license holder

The answer is REAL ESTATE LICENSE HOLDER. When an offer to purchase real estate is signed, a license holder shall notify each buyer in writing that the buyer...Read More

1 Answer

242 views

How must a landlord handle residential security deposits?

Myrealestatetutor
Answered: Jan 10, 2025

Unless there have been damages, the landlord must return the security deposit to the tenant within 30 days of the end of the lease.

The answer is UNLESS THERE HAVE BEEN DAMAGES, THE...Read More

1 Answer

231 views

Real Estate Questions and Answers (Q&A)

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