A broker acting as p - Study guides, Class notes & Summaries

EOC test for gold coast real estate course|Complete Questions with 100% Correct Answers what are the 3 areas that a licensee are required to have expert knowledge? property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? tract building focusing on one type or style of property or a particular neighborhood farming/farm area sales associate who wishes t...

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 would: -:- Obtain a writ of execution Before a mechanics lien is effective it must be: -:- Verified and recorded Discrimination by a real estate licensee based on race is: -:- A violation of the r...

Law of Agency Questions and Answers Already Passed Article 2. _____ Article 3. _____ Article 4. _____ _____ Integrity, Competency, Consumer Information An agency relationship exists when one person,_______, acts for or on behalf of another person,_____, who is also known as the client. This relationship is a fiduciary relationship, meaning that it is based on trust. p. 9 the agent, the principal _____ is the relationship between two parties, a principal, and an agent. Agency The _____ is th...

A 3.45-acre What is the selling price? lot sells for so cents per square foot. A. 537,570 B. $75,141 C. 576,230 D. $78,712 correct answers B A blind ad refers to an ad that: A. provides no price. B. provides no address. C. gives no with a broker. indication that the property is listed D. gives no been sold or not indication that the property has correct answers C purchase of a property. A borrower is required to put 10% down The 10% down for the considered would be A equit...

RMIN 4000 Edmunds Exam 2 Qs&As major types of private insurers - ANS-Stock, Mutual, and Lloyd's of London stock insurers - ANS-corporation owned by stockholders. objective is to earn profit for stockholders by increasing the value of the stock and paying dividends Mutual insurers - ANS-a corporation owned by policyholders. profits are distributed to policyholders by dividends or rate reductions types of mutual insurers - ANS-advance premium mutual, assessment mutual, and fraternal insure...

CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY QUESTIONS AND COMPLETE WELL EXPLAINED ANSWERS WITH RATIONALE 100% CORRECT AND VERIFIED BY EXPERTS GRADED A+ LATEST UPDATE 2024 (SUCCESS GUARANTEED]ALL YOU NEED TO PASS YOUR EXAMS What form must an agent provide to a potential client at the first substantive discussion of a real estate transaction IABS In real estate, an example of a general agent would be a(n) _____________ property manager when an agent and potential party enter into a _______...

Arkansas Real Estate Law Mid-Term Graded A In a timely manner ️A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact ️A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No, not without written consent from the seller for dual representat...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this s...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this s...

When acting as a property manager for a Principal, the brokerage relationship is which of the following? : Exclusive agency Every licensee must meet disclosure requirements to any client. Disclosure must include which of the following? : Disclosure of any conflict of interest, description of licensed broker duties, notice of an in-house transaction - all of these Which duties below are owed to an agent client but not owed to the transaction broker's client or Customer? : Loyalty an...