100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RealEstateU Test Questions and Complete Solutions Graded A+ $14.49   Add to cart

Exam (elaborations)

RealEstateU Test Questions and Complete Solutions Graded A+

 8 views  0 purchase
  • Course
  • Real Estate U
  • Institution
  • Real Estate U

RealEstateU Test Questions and Complete Solutions Graded A+

Preview 2 out of 12  pages

  • August 24, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate U
  • Real Estate U
avatar-seller
YourExamplug
RealEstateU Test
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]

, If a real estate salesperson violates Article 12-A of the Real Property Law, they shall be guilty of a/an -
Answer: Misdemeanor



Someone in a position of great trust serves as a/an - Answer: Fiduciary



This type of agency is created when a principal does not stop an individual from representing his or her
interests - Answer: Agency by estoppel



A licensee is guilty of what if they conceal a material fact from the prospective buyer - Answer:
Misrepresentation



Everything that is not real property is considered - Answer: Personal property



Which of the following interests in real property offer the most complete form of ownership? - Answer:
Fee simple absolute estates



A couple owns a property as a tenancy by the entirety. When one of the spouses passes away, the other
spouse gains full ownership of the property. When the remaining spouse passes away, the children
inherit the property. This is known as what type of interest in real property? - Answer: Life estate



This type of agency is created when a principal does not stop an individual from representing his or her
interests? - Answer: Agency by estoppel



A couple owns a property as a tenancy by the entirety. When one of the spouses passes away, the other
spouse gains full ownership of the property. When the remaining spouse passes away, the children
inherit the property. This is known as what type of interest in real property - Answer: Life estate



This form of co-ownership does NOT include the 'right of survivorship' - Answer: Tenancy in common



How many hours of continuing education is a real estate salesperson required to complete every two
years - Answer: 22.5 hours

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.49
  • (0)
  Add to cart