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Package Deal For Illinois Real Estate State Exam Study Questions and Answers Graded A 2024
Package Deal For Illinois Real Estate State Exam Study Questions and Answers Graded A 2024
[Show more]Package Deal For Illinois Real Estate State Exam Study Questions and Answers Graded A 2024
[Show more]Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" 
 
List the Categories of real property. - (1) Residential...
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Add to cartIdentify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" 
 
List the Categories of real property. - (1) Residential...
Objectives of Federal Reserve System - To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market 
 
Remainder Interest - A fee simple holder of a parcel of real estate grants a life...
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Add to cartObjectives of Federal Reserve System - To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market 
 
Remainder Interest - A fee simple holder of a parcel of real estate grants a life...
In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) 
 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor 
 
What is the name given to the Illinois license laws under which brokers ...
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Add to cartIn Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) 
 
How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor 
 
What is the name given to the Illinois license laws under which brokers ...
The final decision on the listing price for a property is made by the 
a) listing broker 
b) sponsoring broker 
c) seller 
d) appraiser - c) seller 
 
A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square feet does it contain? 
a) 13,000 sq. ft. 
b) 36,400 sq. ft. 
c) 39,0...
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Add to cartThe final decision on the listing price for a property is made by the 
a) listing broker 
b) sponsoring broker 
c) seller 
d) appraiser - c) seller 
 
A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square feet does it contain? 
a) 13,000 sq. ft. 
b) 36,400 sq. ft. 
c) 39,0...
appurtenance - A right, a privilege, or an improvement belonging to, and passing with, the land. 
 
real estate - an improvement to the land creates? 
 
15 days - How many days does a sponsoring broker have to notify IDFPR of the loss of a managing broker? 
 
accession - when title to additions or i...
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Add to cartappurtenance - A right, a privilege, or an improvement belonging to, and passing with, the land. 
 
real estate - an improvement to the land creates? 
 
15 days - How many days does a sponsoring broker have to notify IDFPR of the loss of a managing broker? 
 
accession - when title to additions or i...
Brokerage - the business of bringing people together in a real estate transaction 
 
real estate licensee - acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or for bo...
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Add to cartBrokerage - the business of bringing people together in a real estate transaction 
 
real estate licensee - acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property. A real estate licensee may be the agent for the buyer, for the seller, or for bo...
A large manufacturing company agrees to relocate to an economically depressed neighborhood of Chicago if the city can provide suitable property. The property needed is a large vacant lot owned by an investment partnership that refuses to sell. If the City of Chicago wants to relieve unemployment in ...
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Add to cartA large manufacturing company agrees to relocate to an economically depressed neighborhood of Chicago if the city can provide suitable property. The property needed is a large vacant lot owned by an investment partnership that refuses to sell. If the City of Chicago wants to relieve unemployment in ...
Sandy wishes to start a new real estate company, although she has never had a real estate license of any type. She must be licensed for at least XX years before she can manage an office - Two 
 
An Illinois real estate agent, acting as a dual agent, is showing his listing that he knows has had water...
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Add to cartSandy wishes to start a new real estate company, although she has never had a real estate license of any type. She must be licensed for at least XX years before she can manage an office - Two 
 
An Illinois real estate agent, acting as a dual agent, is showing his listing that he knows has had water...
implied agency - legal finding that your behavior implied a legal relationship (intent) 
 
express agency - no ambiguity in behavior. explicitly define legal relationship 
 
real estate - = land + improvements (any addition to land, regardless of aesthetics) 
 
real property - = interest benefits an...
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Add to cartimplied agency - legal finding that your behavior implied a legal relationship (intent) 
 
express agency - no ambiguity in behavior. explicitly define legal relationship 
 
real estate - = land + improvements (any addition to land, regardless of aesthetics) 
 
real property - = interest benefits an...
Fee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions 
 
Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of anoth...
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Add to cartFee simple - Also called fee simple absolute or indefeasible fee, this fee estate is the most complete form of ownership without limitations or conditions 
 
Life estate - Grants possession and limited ownership of the property to a person for the duration of the recipients life or the life of anoth...
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