Brokerage agreements - Study guides, Class notes & Summaries

The foundation upon which real estate brokerage is practiced correct answers Agency A legal and ethical relationship created between a real estate firm and a party to a transaction; the party may be a buyer, seller, landlord, or tenant correct answers Agency Relationship A written agreement between a firm and a client; the client authorizes the firm to provide brokerage services to the client correct answers Agency Agreement What are two agency agreements? correct answers Listing Agreem...

UNIT 11 - CONTRACTS 12% Which group of legal instruments may legally be prepared by a licensed real estate broker? a. listing contracts, buyer brokerage agreements, commercial leases, and deeds b. leases, option contracts, promissory notes, and buyer brokerage agreements c. listing agreements, buyer brokerage agreements, sale contracts, and option contracts d. mortgages, promissory notes, commercial leases, and option contracts - c. listing agreements, buyer brokerage agreements, sale ...

North Dakota Real Estate Exam (State Test) Questions and Answers Already Passed The Real Estate Commission consists of how many members? 5 How many of the commissions members must be active brokers 3 The governor appoints a commissions member for a term of how many years? 5 Terms must be staggered so the term of one member expires each year (T/F) True The commission may submit a report to the governor and secretary of state how often? Biennial The commission shall maintain...

RECA EXAM QUESTIONS AND ANSWERS LATEST UPDATE. Which of the following may RECA amend from time to time? A) The Act B) The Rules C) The Regulations D) All the statements are correct B According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings make application to withdraw from the profession? A) If the application is approved, RECA issues a news release B) If the application is approved, all disciplinary ...

SC REAL ESTATE REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ The ___ establishes an agency relationship between the prop owner as principal and the brokerage as agent - -listing agreement the LA does which of the following - -creates an agency relationship between the listing brokerage and the property owner a brokerage agreement whereby the property owner hires 1+ brokerages, agrees to compensate only 1 brokerage who produces a buyer, and reserves the right to sell by himself and...

Which of the following may RECA amend from time to time? A) The Act B) The Rules C) The Regulations D) All the statements are correct B According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings make application to withdraw from the profession? A) If the application is approved, RECA issues a news release B) If the application is approved, all disciplinary proceedings are terminated C) ...

When an earnest money check is deposited, what information does Tennessee require be recorded and maintained? Who provided the funds (the depositor) A principal broker in Tennessee is required ______ for all transactions in which affiliated licensees participate. Review and approve transactional documents and agreements What must licensees do to maintain their licenses? Complete continuing education requirements and pay the renewal fee Addision didn't make an on-site ins...

RECA EXAM QUESTIONS AND ANSWERS 100% CORRECT 2024 RECA EXAM QUESTIONS AND ANSWERS 100% CORRECT 2024 Which of the following may RECA amend from time to time? A) The Act B) The Rules C) The Regulations D) All the statements are correct B According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings make application to withdraw from the profession? A) If the application is approved, RECA issues a news re...

Arkansas Real Estate License Law Exam Questions and Answers 100% Pass A property management agreement is a written contract between the - Correct Answer ️️ -owner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board selected? - Correct Answer ️️ -Appointed by the governor The answer is appointed by the governor...

implied agency - legal finding that your behavior implied a legal relationship (intent) express agency - no ambiguity in behavior. explicitly define legal relationship real estate - = land + improvements (any addition to land, regardless of aesthetics) real property - = interest benefits and rights that go with land real estate (belongs to deed holder) appurtenance - - anything associated with a property, including rights and improvements property rights - DEEPC: Disposition, Enjo...