Broker topics - Study guides, Class notes & Summaries

Real Estate P&P Quiz 12 with Certified Solutions The real estate license laws are to maintain high standards in the real estate profession true A salesperson may advertise a property for sale only if he or she uses the employing broker's name in the advertisement If a broker's license is revoked, the licensee cannot practice real estate A broker, who represents a seller under an exclusive right to sell listing receives two offers for the property at the same time, the first fr...

Gold Coast School RE Flashcards Law Topics Only Which of the following is correct regarding mutual recognition? ️Applicants applying for licensure through mutual recognition must not be residents of Florida Which of the following statements accurately represent group and/or multiple licenses? ️Sales associates and broker associates may be issued a group license Which condition would require a location to be registered as a brokerage branch office? ️Sales associates are permane...

Texas Principles of Real Estate Express Exam ( ANSWERED ) What kind of professionals manage the legal aspects of a development project? - ANS Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? - ANS Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property is classi...

Critical HOT Topics for Real Estate Licensing Exam- Superior School of Real Estate What is required to receive compensation? -Answer-A License Auctioneers need -Answer-both real estate license and auctioneer license Exemptions from Licensure -Answer-salaried employees, property managers, trustees, attorney in fact, selling your own property, attorneys Salaried, Unlicensed assistants are permitted to -Answer-receive and forward phone calls, submit MLS info, secure public records, act as co...

The Real Estate License Act (TRELA) Exam 1 Quiz Questions Part 2 Already Passed Which of these IS NOT covered in The Real Estate License Act (TRELA) described above? 1. Requirements for establishing and maintaining a real estate business 2. Activities prohibited for licensees, disciplinary processes, and disciplinary actions 3. Structure and purpose of the Texas Real Estate Commission Which of these IS NOT a subchapter subject matter addressed by TRELA? The confidentiality of infor...

Which of the following statements about the Notice of Disclosure Pursuant to Virginia Residential Property Disclosure Act is true? A. As part of the disclosure, the seller is required to provide a list of sex offenders living near the property. b. The buyer is required by law to request a copy of the disclosure. c. The disclosure form is not part of the purchase agreement. d. The disclosure form is part of the purchase agreement. - ANSWERc. The disclosure form is not part of the purc...

Critical HOT Topics for Real Estate Licensing Exam- Superior School of Real Estate What is required to receive compensation? -Answer-A License Auctioneers need -Answer-both real estate license and auctioneer license Exemptions from Licensure -Answer-salaried employees, property managers, trustees, attorney in fact, selling your own property, attorneys Salaried, Unlicensed assistants are permitted to -Answer-receive and forward phone calls, submit MLS info, secure public records, act as co...

Virginia State Exam Practice Questions with Correct Answers Which of the following statements about the Notice of Disclosure Pursuant to Virginia Residential Property Disclosure Act is true? A. As part of the disclosure, the seller is required to provide a list of sex offenders living near the property. b. The buyer is required by law to request a copy of the disclosure. c. The disclosure form is not part of the purchase agreement. d. The disclosure form is part of the purchase agreement...

Virginia State Exam Practice Questions with Correct Answers Which of the following statements about the Notice of Disclosure Pursuant to Virginia Residential Property Disclosure Act is true? A. As part of the disclosure, the seller is required to provide a list of sex offenders living near the property. b. The buyer is required by law to request a copy of the disclosure. c. The disclosure form is not part of the purchase agreement. d. The disclosure form is part of the purchase agreement...

What kind of professionals manage the legal aspects of a development project? - Answer- Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? - Answer- Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property is classified into what three types? - Answer- Residential, Comm...