Disclosure reciprocity - Study guides, Class notes & Summaries

NYREI Exam Questions with Complete Solutions Who is responsible for the administration of licensing? - Answer-Secretary of State Which article of real property law deals with licensees? - Answer-Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - Answer-Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - Answer-Article 14 What does section 443 of...

GA Jurisprudence Exam Questions and Answers 100% Correct *Rules for the State Board of Examiners of Psychologists - Correct Answer ️️ -- consists of 6 members appointed by the governor (5 psychologists, 1 public member) - annually at the 1st meeting of the fiscal yr the board elects a president and VP to serve until successor has been elected - all board members term a term of 5 years and until successor appointed -must hold 1 regular meeting per year, president can call additional me...

Who is responsible for the administration of licensing? - ANSWER Secretary of State Which article of real property law deals with licensees? - ANSWER Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - ANSWER Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - ANSWER Article 14 What does section 443 of Article 12A deal with? - ANSWER disclosure issue...

Failure to renew your license on time will result in a penalty of a double fee. 30 days late will result in - The license being cancelled The extent of cooperation of reciprocity with other states - Varies Legal action by the commission for a violation may take the form of a fine of not more than $1,000 and or up to 90 days in jail, or both. The second violation can be - Up to a $2,000 fine and up to 6 months in jail or both Every applicant for a resident license as a real estate salespers...

LIFE INSURANCEAgent/Producer - correct answer a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insured - correct answer a person applying for insurance Broker - correct answer an insurance producer not appointed by an insurer and is deemed to represent the client Insurance Policy - correct answer a contract between a policy owner (and/or insured) and an insurance...

Mr. Smith sells his Illinois home for $151,050. He will be required to pay how much in Illinois transfer taxes? A » $ 227.25 B » $ 226.58 C » $ 454.50 D » $ 453.16 - ANSWER A Illinois transfer tax is $.75 per $500 of sales price, or portion thereof and is paid by the seller. $.50 goes to the state and $.25 is retained by the county where the property is located. $151,050 divided by $500 = 302.10. In this case, the .10 indicates we have a portion of the next $500 of sales price in ad...

Psyc 140 final Exam Questions and Answers 100% Pass What does social loafing refers to? - Answer-Tendency for people to exert less effort when working in groups than when working alone. Individuals who believe that the death penalty should be abolished meet to discuss the issue. What does research on group interaction suggests about the views of the individuals after the discussion? - Answer-Even more convinced that the death penalty should be abolished. Anton is the only juror to favor ...

Assignment - 1. When a person transfers his interests under a contract to another. 2. When a tenant transfers his right of possession, or other interest, in leased property to another person for the remainder of the lease term. Broker - Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - A self-employed salesperson paid on jobs complete...

Who is responsible for the administration of licensing? - correct answer Secretary of State Which article of real property law deals with licensees? - correct answer Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - correct answer Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - correct answer Article 14 What does section 443 of Arti...

Illinois Leasing Agent License Exam Marking Scheme What is the name given to the Illinois license laws under which real estate brokers practice? - Answer -Real Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? - Answer -$25,000 per event. How long must real estate brokers keep records in Illinois? - Answer -5 Years. The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what? - Answer -Pl...