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May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A l...
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Add to cartMay a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A l...
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...
Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the sell...
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Add to cartWhich would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the sell...
Tenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER Ownership where tenants could h...
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Add to cartTenancy at Will - ANSWER No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER Ownership where tenants could h...
Three items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is...
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Add to cartThree items tenants in common hold - ANSWER 1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER 1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER 43.560 How much does a point equal? - ANSWER One percent How much is...
Periodic Tenancy - ANSWER Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER The system of land ownership under which anyone can own land. A...
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Add to cartPeriodic Tenancy - ANSWER Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER The system of land ownership under which anyone can own land. A...
In most cases, broker compensation, as a percentage of home price, falls somewhere between: - ANSWER 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - ANSWER Yes. Religious organizations which rent to te...
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Add to cartIn most cases, broker compensation, as a percentage of home price, falls somewhere between: - ANSWER 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - ANSWER Yes. Religious organizations which rent to te...
every viewable web page of the website - ANSWER When advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - ANSWER How many hours are needed for the following: a. Principles and practices b. real estate appraisal c. real estate f...
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Add to cartevery viewable web page of the website - ANSWER When advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - ANSWER How many hours are needed for the following: a. Principles and practices b. real estate appraisal c. real estate f...
When may a person use the term REALTOR? - ANSWER after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimite...
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Add to cartWhen may a person use the term REALTOR? - ANSWER after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER - Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimite...
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