Real estate recovery fund - Study guides, Class notes & Summaries

Hawaiian Real Estate Module 2 Test 100% Correct Solved REAL ESTATE LICENSING LAWS ARE CONSTITUTIONAL BECAUSE THEY REPRESENT A VALID EXERCISE OF THE STATE'S POLICE POWER A. TRUE B. FALSE - Correct Answer ️️ -A. TRUE THE REAL ESTATE COMMISSION MAY REVOKE OR SUSPEND A LICENSE FOR WHICH OF THE FOLLOWING? A. ACTING FOR BOTH THE BUYER AND THE SELLER IN A REAL ESTATE TRANSACTION AND COLLECTING COMMISSIONS FROM BOTH AFTER OBTAINING THEIR ORAL CONSENTS TO DO SO B. AN ATTEMPT BY A SALESPER...

FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - Correct Answer ️️ -10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - Correct Answer ️️ -15 Summary Suspension- What is it and who issues it? - Correct Answer ️️ -An emergen...

What authority originates from the U.S. Constitution and relates to protection of health and welfare of citizens at local levels? A) Situs B) Community protection power C) Escheat D) Police power - D) Police power Police power - The authority of government to protect the property, life, health, and welfare of its citizens. Situs refers to prospective buyers' preference for a certain area. Escheat provides for a government, normally a state government, to take the property of an ow...

The Board Of Realty Regulation Consists of how many members and how are the members appointed? - ANS 7 members and are appointed by the governor What are the Civil and Criminal Penalties for those engaging in real estate without a license? - ANS Guilty of a misdemeanor First Offense will be fined b/t $100-$500 or imprisoned for 90 days or BOTH Subsequent Offense will be fined b/t $500-$2,000 or imprisoned for 6 months or BOTH What is the Real Estate Recovery Account? - ANS -Within...

Florida Real Estate Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Broker hiding value of property Could be charged with concealment Q: If office is closed, reopened, in same license period Answer: request a reissue- no fee Q: real estate taxes are Answer: Ad Valorem tax Q: The four factors of production Answer: land, labor, capital, and entrepreneurial ability Q: Maximum number of years on FREC ...

OhioRealEstateExamPracticeQuestions&AnswersLatest Update. May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - Correct Answer CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclu...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Accrued interest on loan assumed. - -Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is - -prepaid in advance negotiable between the buyer and seller - -The payment of the intangibles taxes are: If neither Baird or Carr are licensed as brokers, a qualifying broker must be hired and must be named as an officer of the corporation - -Licensees Baird a...

Colorado Contracts & Regulations Unit Questions and Answers Graded A+ It is possible for the public to get the address and number of a licensee from the Real Estate Commission. 1. True 2. False 1 If you practice real estate without a license you will be prosecuted by 1. the sheriff. 2. the attorney general. 3. a district attorney. 4. the Real Estate Commission. 3 An individual who charges a fee to sell options on real estate must have 1. an option dealer's license. 2. a securities lice...

COLORADO CONTRACTS & REGULATIONS UNIT EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ It is possible for the public to get the address and number of a licensee from the Real Estate Commission. 1. True 2. False - -1 If you practice real estate without a license you will be prosecuted by 1. the sheriff. 2. the attorney general. 3. a district attorney. 4. the Real Estate Commission. - -3 An individual who charges a fee to sell options on real estate must have 1. an option...

Real Estate Sales and Marketing Mastery Exam || Questions & 100% Accurate Solutions Real Estate Sales and Marketing Mastery Exam || Questions & 100% Accurate Solutions 1. A licensed sales associate may operate a. for any registered broker. b. for the broker registered as the sales associate's employer. c. independently if registered with the DBPR. d. as a broker associate. - ANSWER - b. for the broker registered as the sales associate's employer. 1. A person is eligible to seek ...