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Real Estate Principles Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
Real Estate Principles Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
[Show more]Real Estate Principles Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
[Show more]The Transfer Disclosure Statement (TDS) is required in which type of transaction? 
A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales 
involving one-to-four-family dwellings, except for specified exempt transactions D) Only in 
"as-is" sales 
 -:- C) Sales invo...
Preview 3 out of 25 pages
Add to cartThe Transfer Disclosure Statement (TDS) is required in which type of transaction? 
A) Sales involving co-owners B) Sales involving federally regulated lenders C) Sales 
involving one-to-four-family dwellings, except for specified exempt transactions D) Only in 
"as-is" sales 
 -:- C) Sales invo...
A license permitting the broker to sell lists of available rental property is known as? 
 -:- A PRLS prepaid rental listing service license 
A real estate salesperson is supervised by? 
 -:- Employing broker only 
The real estate advisory commission consist of? 
 -:- Six Brokers and four members of ...
Preview 3 out of 24 pages
Add to cartA license permitting the broker to sell lists of available rental property is known as? 
 -:- A PRLS prepaid rental listing service license 
A real estate salesperson is supervised by? 
 -:- Employing broker only 
The real estate advisory commission consist of? 
 -:- Six Brokers and four members of ...
Which agency is charged with enforcing fair housing laws and holding all parties 
accountable for compliance with these laws and regulations? 
 -:- Office of Fair Housing and Equal Opportunity 
The cost of a parcel of land is 50 cents per square foot. Candace wants to purchase one 
acre. How much ...
Preview 4 out of 38 pages
Add to cartWhich agency is charged with enforcing fair housing laws and holding all parties 
accountable for compliance with these laws and regulations? 
 -:- Office of Fair Housing and Equal Opportunity 
The cost of a parcel of land is 50 cents per square foot. Candace wants to purchase one 
acre. How much ...
Anything that is fastened or attached to real property permanently is considered to be: 
 -:- Real Property 
A quitclaim deed releases all present claims, rights and title of the: 
 -:- Grantor 
When a creditor wants to satisfy a judgement which was levied against another person, the 
creditor woul...
Preview 3 out of 19 pages
Add to cartAnything that is fastened or attached to real property permanently is considered to be: 
 -:- Real Property 
A quitclaim deed releases all present claims, rights and title of the: 
 -:- Grantor 
When a creditor wants to satisfy a judgement which was levied against another person, the 
creditor woul...
To be enforceable, which element is required in an exclusive right-to-sell listing? 
a. Consideration 
b. Writing 
c. Lawful purpose 
d. All of these 
 -:- d. All of these 
Which of the following listings does NOT require the agent to use diligence to locate a 
buyer? 
a. Exclusive agency 
b. O...
Preview 4 out of 35 pages
Add to cartTo be enforceable, which element is required in an exclusive right-to-sell listing? 
a. Consideration 
b. Writing 
c. Lawful purpose 
d. All of these 
 -:- d. All of these 
Which of the following listings does NOT require the agent to use diligence to locate a 
buyer? 
a. Exclusive agency 
b. O...
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