Exam (elaborations) Utah Real Estate Exam Questions and Answers Latest Update Exam (elaborations) Virginia Real Estate Exam Prep, VA Exam Questions with Complete Solutions Exam (elaborations) Virginia Real Estate Exam Questions with Correct Answers Exam (elaborations) SC REAL ESTATE EXAM REV...
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principal broker - Answer-an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring lic...
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Add to cartprincipal broker - Answer-an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring lic...
Broker - Answer-Individual licensed to charge the public for real estate services Broker-Salesperson - Answer-Fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control - Answer-State agency that approves and registers some out-of-state pro...
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Add to cartBroker - Answer-Individual licensed to charge the public for real estate services Broker-Salesperson - Answer-Fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control - Answer-State agency that approves and registers some out-of-state pro...
Real estate law in DC created by... - Answer-City Council How many members in DREC? Terms run? - Answer-9 (3 brokers, 2 salespersons, 2 property managers, 1 attorney, 1 consumer not in real estate profession)--must be in field for 5 years 3 years (max 3 consecutive terms) Must take DC test w...
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Add to cartReal estate law in DC created by... - Answer-City Council How many members in DREC? Terms run? - Answer-9 (3 brokers, 2 salespersons, 2 property managers, 1 attorney, 1 consumer not in real estate profession)--must be in field for 5 years 3 years (max 3 consecutive terms) Must take DC test w...
if a workers license is revokes, then all salespersons working under this broker will have the license - Answer-suspended how many days notice must be given to terminate a lease - Answer-60 days how long does somebody have to make application for real estate licnesure - Answer-1 year from comp...
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Add to cartif a workers license is revokes, then all salespersons working under this broker will have the license - Answer-suspended how many days notice must be given to terminate a lease - Answer-60 days how long does somebody have to make application for real estate licnesure - Answer-1 year from comp...
Agency - Answer-every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction associate broker - Answer-a person who acts on behalf of a real estate broker in performing any act authorized to be perf...
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Add to cartAgency - Answer-every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction associate broker - Answer-a person who acts on behalf of a real estate broker in performing any act authorized to be perf...
Georgia Real Estate Commission size - Answer-6 members Georgia Real Estate Commission appointed by - Answer-Governor of Georgia Georgia Real Estate Commission confirmed by - Answer-Georgia state senate How long are each of the Georgia Real Estate Commission members' terms? - Answer-5 yea...
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Add to cartGeorgia Real Estate Commission size - Answer-6 members Georgia Real Estate Commission appointed by - Answer-Governor of Georgia Georgia Real Estate Commission confirmed by - Answer-Georgia state senate How long are each of the Georgia Real Estate Commission members' terms? - Answer-5 yea...
Chapter 20 - Answer-Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - Answer-Real Estate Brokerage (FREC) Chapter 475, Part II - Answer-Real Estate Appraisal (FREAB) Chapter 475, Part III - Answer-Commercial Real Estate Sales Commission Lien Act ...
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Add to cartChapter 20 - Answer-Establishes the structure of the executive branch of Florida government Chapter 475, Part 1 - Answer-Real Estate Brokerage (FREC) Chapter 475, Part II - Answer-Real Estate Appraisal (FREAB) Chapter 475, Part III - Answer-Commercial Real Estate Sales Commission Lien Act ...
Two individuals form a partnership to open a real estate company. Which of the following is correct regarding licensing requirements? A. Both must licensed brokers B. At least one of them must be a broker C. If one is a broker, the other must be a sales person D. They can hire a licensed broker ...
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Add to cartTwo individuals form a partnership to open a real estate company. Which of the following is correct regarding licensing requirements? A. Both must licensed brokers B. At least one of them must be a broker C. If one is a broker, the other must be a sales person D. They can hire a licensed broker ...
What are the six type of real property - Answer-1. Residential 2. Commercial 3. Mixed use 4. Industrial 5. Agricultural 6. Special Purpose What division is the real estate commission administrively attached to? - Answer-regulation & licensing division (RDL) What is the penalty for violati...
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Add to cartWhat are the six type of real property - Answer-1. Residential 2. Commercial 3. Mixed use 4. Industrial 5. Agricultural 6. Special Purpose What division is the real estate commission administrively attached to? - Answer-regulation & licensing division (RDL) What is the penalty for violati...
Fiscal Policy - Answer-Treasury Department Monetary Policy - Answer-Federal Reserve Bond Truth In Lending Act - Answer-To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual P...
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Add to cartFiscal Policy - Answer-Treasury Department Monetary Policy - Answer-Federal Reserve Bond Truth In Lending Act - Answer-To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual P...
Lara took all of the required real estate education. She then took a job in a different profession before taking her licensing exam. Lara does not have to retake the required education as long as she had completed her pre licensing courses no more than A. 3 years ago B. 5 years ago C. 10 years ag...
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Add to cartLara took all of the required real estate education. She then took a job in a different profession before taking her licensing exam. Lara does not have to retake the required education as long as she had completed her pre licensing courses no more than A. 3 years ago B. 5 years ago C. 10 years ag...
A real estate agency exists between - Answer-the broker and principal A fiduciary relationship is best described as - Answer-loyalty and confidentiality A real estate salesperson is a(n) - Answer-agent by virtue of his or her association with a broker True or False: The use of cooperating a...
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Add to cartA real estate agency exists between - Answer-the broker and principal A fiduciary relationship is best described as - Answer-loyalty and confidentiality A real estate salesperson is a(n) - Answer-agent by virtue of his or her association with a broker True or False: The use of cooperating a...
Who makes and changes the Commission rules? Qualified state courts The Commission The state legislature A committee appointed by the Governor - Answer-The Commission The Human Rights Act exists to ensure that national mandated rights are carried out. basic rental rights laws are carri...
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Add to cartWho makes and changes the Commission rules? Qualified state courts The Commission The state legislature A committee appointed by the Governor - Answer-The Commission The Human Rights Act exists to ensure that national mandated rights are carried out. basic rental rights laws are carri...
What areas of Real Estate are real estate oriented people needed in? - Answer-Real Estate oriented people are needed in the following areas: a. construction b. financing c. escrow d. appraising e. property management f. land development What does a real estate salesperson's license quali...
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Add to cartWhat areas of Real Estate are real estate oriented people needed in? - Answer-Real Estate oriented people are needed in the following areas: a. construction b. financing c. escrow d. appraising e. property management f. land development What does a real estate salesperson's license quali...
The formula to calculate the overall capitalization rate is - Answer-NOI ÷ value (or price). A real estate license may be revoked without prejudice for which action? A) Failure to account or deliver escrow funds B) Culpable negligence C) Conversion D) Issuance of a license by mistake of th...
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Add to cartThe formula to calculate the overall capitalization rate is - Answer-NOI ÷ value (or price). A real estate license may be revoked without prejudice for which action? A) Failure to account or deliver escrow funds B) Culpable negligence C) Conversion D) Issuance of a license by mistake of th...
Steven just successfully finished his required real estate pre-licensing course. Which statement is TRUE? A. Once he joins the NAR, he can call himself a REALTOR®. B. Once he passes the state exam, he can call himself a REALTOR®. C. Once he has his real estate license, he can call himself a R...
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Add to cartSteven just successfully finished his required real estate pre-licensing course. Which statement is TRUE? A. Once he joins the NAR, he can call himself a REALTOR®. B. Once he passes the state exam, he can call himself a REALTOR®. C. Once he has his real estate license, he can call himself a R...
Agent/Agency - Answer-A person who performs acts on behalf of others is deemed to be an agent under the common law of every state. Principal (client relationship): - Answer-The one for whom action is taken and who benefits. Agent - Answer-The one who is entrusted to act. Customer - Answer-A...
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Add to cartAgent/Agency - Answer-A person who performs acts on behalf of others is deemed to be an agent under the common law of every state. Principal (client relationship): - Answer-The one for whom action is taken and who benefits. Agent - Answer-The one who is entrusted to act. Customer - Answer-A...
When may a person use the term REALTOR? A.) after becoming a member of the National Association of REALTORS B.) after closing a successful transaction C.) if his broker says it's okay D.) right away after passing the real estate license examination - Answer-A.) after becoming a member of th...
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Add to cartWhen may a person use the term REALTOR? A.) after becoming a member of the National Association of REALTORS B.) after closing a successful transaction C.) if his broker says it's okay D.) right away after passing the real estate license examination - Answer-A.) after becoming a member of th...
All of the following are ways by which an offer to purchase real estate would be terminated, except - Answer-Failure to communicate notice of revocation before the other party has communicated his/her acceptance When a Cal-Vet wishes to purchase a home and use his California veteran's benefits...
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Add to cartAll of the following are ways by which an offer to purchase real estate would be terminated, except - Answer-Failure to communicate notice of revocation before the other party has communicated his/her acceptance When a Cal-Vet wishes to purchase a home and use his California veteran's benefits...
A real estate licensee may have his/her license revoked for - Answer-accepting compensation for brokerage services from someone other than the employing broker Who must comply with the state license laws? - Answer-A real property owner involved in a like kind exchange with another property owner ...
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Add to cartA real estate licensee may have his/her license revoked for - Answer-accepting compensation for brokerage services from someone other than the employing broker Who must comply with the state license laws? - Answer-A real property owner involved in a like kind exchange with another property owner ...
The ability to buy and sell is also known as what essential element of value? A. Demand B. Utility C. Scarcity D. Transferability - Answer-Transferability Essential elements of value acronym - Answer-Dust Demand Utility Scarcity Transferability Demand - Answer-The desire to ...
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Add to cartThe ability to buy and sell is also known as what essential element of value? A. Demand B. Utility C. Scarcity D. Transferability - Answer-Transferability Essential elements of value acronym - Answer-Dust Demand Utility Scarcity Transferability Demand - Answer-The desire to ...
The first state to legislate licensing requirements for real estate agents was - Answer-California The basic intent for real estate license laws and regulations was to - Answer-protect the public Who, of the following would be required to have a real estate license? a. A secretary who answers...
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Add to cartThe first state to legislate licensing requirements for real estate agents was - Answer-California The basic intent for real estate license laws and regulations was to - Answer-protect the public Who, of the following would be required to have a real estate license? a. A secretary who answers...
Deed of Trust Loan - Answer-Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Answer-- Labor force availability - Construction and material costs - Government controls - Govt. financial policies...
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Add to cartDeed of Trust Loan - Answer-Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Answer-- Labor force availability - Construction and material costs - Government controls - Govt. financial policies...
Absentee Owner: - Answer-A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Appraisal: - Answer-A supported, defended estimate of the value of property rights as of a given date Business Opportunity Brokerage: - Answer-Th...
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Add to cartAbsentee Owner: - Answer-A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Appraisal: - Answer-A supported, defended estimate of the value of property rights as of a given date Business Opportunity Brokerage: - Answer-Th...
how often do realtors renew licenses - Answer-every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - Answer-8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - Answer-1 yr can a broker i...
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Add to carthow often do realtors renew licenses - Answer-every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - Answer-8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - Answer-1 yr can a broker i...
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