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real estate study guide ce shop-alabama Questions with 100% Correct Answers
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real estate study guide ce shop-alabama Questions with 100% Correct Answers
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1 of 100Term
To avoid the risk of non-compliance with federal regulations,
brokerage firms should have ______ in place to educate licensees
about regulations and communicate expectations about
performance and compliance.
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A policies and procedures A marketing plan for property
manual listings
, An employee handbook detailing
A training program for new agents
company benefits
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2 of 100
Term
Which document should be provided to borrowers no fewer than
three days prior to closing?
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Mortgage Servicing Transfer
Closing Disclosure
Disclosure
Closing Statement Promissory Note
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3 of 100
Term
Which agency duties survive termination of an agreement?
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, Confidentiality and
The seller
accounting
Reasonable skill and care,
A fiduciary relationship.
confidentiality, and loyalty
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4 of 100
Term
The ease with which the property can be conveyed to another
describes which factor that influences value?
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Transferability Consideration
Liability Improvements
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, 5 of 100
Term
Which of the following activities occurs before the closing meeting?
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The buyer obtains an
Funds are transferred.
insurance binder.
The seller is paid the balance of the
The seller
purchase price.
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6 of 100
Term
How can a seller correct inaccuracies in a property condition
disclosure statement?
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By drafting an addendum or
An attorney opinion of title
amendment
By leaving a note in the home after By phoning the buyer and the
the close of the sale buyer's agent
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