N exclusive agency - Study guides, Class notes & Summaries

Georgia licensee Greg and buyer Sandra's exclusive buyer agency agreement was set to expire on March 1. On Feb 10, Sandra signed a contract with a seller, but it fell through 10 days later due to a home inspection issue. What's the termination date of Greg and Sandra's buyer agency agreement? - Answer Greg and Sandra's buyer agency agreement is extended to accommodate the 10 days they were under contract, so the new expiration date is March 11. Mel, a Georgia real estate salesperson, re...

1. Mutual assent to a real estate contract is indicated by (page 98) A. attestation. B. offer and acceptance. C. acknowledgment. D. seals. ☑: B ( This indicates a meeting of the minds.) 2. An example of an executory oral contract that is enforceable would be a (page 99) A. lease for six months starting in 6 months. B. sale of a lot for less than $500. C. lease for two weeks starting in 12 months. D. sale of drapes for $600. ☑: A (A lease for one year or less that can be fully pe...

Discrimination on the basis of any of the following could be constructed as violations of fair housing laws EXCEPT for discrimination based on a. Ethnic considerations b. Sexual considerations c. Economic considerations d. Religious considerations C The amount of a loan expressed as a percentage of the value of the real estate offered as collateral is the a. Amortization ratio b. Loan to value ratio c. Debt to equity ratio d. Capital use ration B A listing contract in which the br...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts w...

Local real estate developments, such as a new subdivision, will likely impact ______ the most. - Answer-Aesthetics of a community Ross thinks he knows which neighborhoods his new clients belong in, so he tries to guide them away from the neighborhood they like. What prohibited practice is Ross engaging in? - Answer-Steering Which type of exclusive agency agreement in Kentucky allows a broker to solely represent a buyer client, but doesn't guarantee the broker will receive a commission, ev...

ASREB TEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!! A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be pa...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

NY Real Estate Practice Exam Questions with Correct Answers 100% Pass 1. To be licensed as a real estate broker, an individual must be at least how old? a. 16 b. 18 c. 20 d. 21 - ANSWER-c. 20 2. Which of the following individuals is exempt from licensure? a. attorneys admitted to practice in the New York courts b. property managers who manage property for more than one individual or company c. individuals who only list property for sale d. auctioneers who only auction commercial real ...

A person designated in a written power-of-attorney, to legally act for another in his stead is typically called a(n): A fiduciary. B principal. C attorney-in-fact. D agent. - correct answer -C. Any person may give another the authority to act on his or her behalf. The legal document that does this is called a power of attorney. The person holding the power of attorney is an attorney-in-fact. A broker who is employed by the seller is liable to the buyer if: A. he acts under a power of att...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - correct answer Equity A broker, acting as a property manager, would be considered what type of agent? - correct answer General A contract has been signed, but title has not yet been passed. The contract is... - correct answer Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will b...