Brokers - Study guides, Class notes & Summaries

How does a broker prove they are not culpable if an agent makes a mistake? 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed before lease ends by ten...

Real Estate Brokerage SAE - Champion's School of Real Estate Exam

Brokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% CorrectBrokerage and Chartering Exam 1 Review Questions and Answers 100% Correct What makes a good broker? - ANSWER-~Knowing the current freight/hire rates in the trade. ~Aware of seasonal variations, recent fixtures, and current ship/cargo availability ~Know the desired business of h...

WA Surplus Lines Broker Exam Questions And Answers Graded A+

A consistent disparity in listing versus selling prices may reflect ___________. - Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement is? - It describes and analyzes ...

RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024

Dubai RERA Broker Exam Questions with Correct Answers Graded A+ Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law N...

Which of the following Requires a real estate License? A. Sale of 20 lots in a subdivision by an employee. B. Three Week rental of condominium. C. Sale of time share units. D. Sale of more than 20 personally owned properties. - C. Sale of time -share units The New Mexico Real Estate Commission may not impose A. licensing Requirements. B. penalties for Code of Ethics violations. C. disciplinary penalties. D. a recovery fund assessment. - B. penalties for Code of Ethics The responsibilit...

How long must real estate documents be kept? - ANSWER-6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? - ANSWER-Principal broker When should the principal broker review brokers documents? - ANSWER-7 days of the document's acceptance, rejection or withdrawal. The PB must sign and initial at the time of review How long must you keep attendance and continuing records? - ANSWER-3 years everything else regarding business for 6 years Wh...