Wv real estate law - Study guides, Class notes & Summaries

WV Real Estate Exam |Latest| Exam Study Set with 100% Correct Answers What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? *Ans* Fee simple determinable 2 Condition subsequent Fee Simple Defeasible *Ans* Will include: so long as, while, during and includes th...

Study Guide: WV Real Estate Exam with 100% Correct Answer What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? *Ans* Fee simple determinable 2 Condition subsequent Fee Simple Defeasible *Ans* Will include: so long as, while, during and includes the term rev...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

RE Salesperson License requirements? - Answer 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - Answer 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - Answer Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesperson and RE Broker? - Answer Salesperson wor...

MA Salesperson Exam Module 15: Real Estate Licensing Law Exam Study Guide Solutions Board of registration of Real Estate Brokers and Salespersons - ANSWER-enforces the license law o Part of the Division of Professional Licensure o Made up on 5 members appointed by the governor § each member has a 5-year term. § one member's term expires each year § 3 of the members are brokers with at least 5 years of experience § 2 of the members represent the public § One member is appointed c...