HOW TO STUDY TEST?

1. USE control tab to switch tab, alt tab to switch window = save time to study
2 any unknown ANSWER of the question = google it and hard memorize it, better memory if u google it
3 copy and paste the question and skill hereby == email yourself
4 note taking
5 since teacher is not 100% == lesson : how to MAKE myself believe what correct ans is
6 TRUST your own answer, reference by google, reference by teacher = NO RELIANCE
7 Halfly believe the answer only = make your own story to better memorize

HOW TO PASS "ANY" TEST?

1st skill: to pass real estate exam ..(choose an answer no matter what)
 
2nd skill: to pick the key word in the question and then related this key word to the answer (see which one is closest)

3rd skill: to manage your time 1 minute per question..because some long questions take longer than 1 min

4th skill: for long questions, read the answer first (long answers most of the times) and find the main difference between 4 answers..then read the questions what is skill ? skill bring structure to experiential real estate KNOWLEDGE (like MARIA, TTIP, DUST HVAC EER? what is BTU ? ingress egress turnkey walkup)What does this mean?It means that, whatever you study or do, at some point, a smart YOU will sit back and formalize all the accumulated knowledge into a SEQUENCE OF STEPS that will lead to performance (good result, good memory) not necessarily score 100% right but acceptable performance (70% or above score PASS)

more tips:
Principle of change = idea that property has 4 phase life cycle = integration (growth / development = early stage) > equilibrium (stability when undergo little change) > disintegration (decline when economic usefulness is end) > rejunation (revitalation)

 

Q19-No 12 Entrepreneur = Capital + Land + Labor  + Coordination but remember
After the profit has been used to pay for the labor, coordination, and capital, any profit left over indicates the value of the land. (ans = last to be satisfied is LAND)

Q19-No19 Subjective value = utility value = the value in use = the value as determined by an owner-user.
An example would be the price asked for the property by the owner.

Objective value =  the market value = the amount of money at which property can be sold = exchanged at a given time.

An example would be the price offered for the property by the buyer

MH TIP - 12/05/2011

1.Appropriation right system 
2. Allusion 
3. open end  
4. counter offer == noVa-tion
5. attorney in fact == power of Sale
6.where do you get deed for accession land 
6. net listing 
7.how commercial office building pay for commission 8. does property manager required RE license or certificate or just reliable person.   
9. Economic obsolescence 
10. join tenant--Brother and sister open a join tenant account, if the brother die, he owe credit bill, does the sister responsible for pay back the credit card bill. 
11. what is CC&R ? Condition, Covenant, Restriction (Public <zoning> and Private)
12. estate for year == fixed term with start and end  
13. origination fee 
14. cash on cash =similar  RonI  
15. topography  === contour
16. straight note  === interest only
17. unilateral contact  === insurance is, option is 
18.when is  tight market- more sale activity or less. 
19 land has no depreciation. 
20 what is ingress ion    ? == egress is exit (in is in)
21. Alquist priolo act  === related to EarthQuake 
22. if you list your contact to MLS, do you have the contract with agent only or broker and agent or agent, broker and MLS.  
23. if A sells B a house, A received deposit and B's offer, late they both agree to rescind the contact, does the broker needs to return the deposit to the buyer? 24. if the LTV low, the house of equity is higher or lower. 
25. Escheat == no heir and no will