A licensee w - Study guides, Class notes & Summaries

National Real Estate Exam Prep Answered 100% Correctly 2024 National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd p...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass A Business Broker - Correct Answer ️️ -Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - Correct Answer ️️ -Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is cal...

The listing broker is the seller's - agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Single agency Multiple Representation may only occur if - there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - no later than the time of agency agreement Ag...

2 types of qualifying individuals for each type of license : Individual - Responsible Managing Employee (RME) or Owner Partnership - Qualifying Partner or RME Corporation - Responsible managing officer (RMO) or RME LLC - RME, RMO, Responsible Managing member/manager What must be filed w/CSLB if RME/RMO leaves? Within how long? If not, what happens? : "Notice of disassociation" and "application for replacing qualifying individual". Within 20 days Or license automatically suspended ...

GA REAL ESTATE LICENSE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+. VERIFIED. Georgia Real Estate Commission size - -6 members Georgia Real Estate Commission appointed by - -Governor of Georgia Georgia Real Estate Commission confirmed by - -Georgia state senate How long are each of the Georgia Real Estate Commission members' terms? - -5 years How many members of the 6-member Georgia Real Estate commission must be real estate licensees? - -5 Does the sixth member of the Georgia Real Es...

The department requires start up funds equal to ______ months operating expenses. (85018)(b)(1) - 3 months No other person than the _____ shall alter the prescription label. (80075)(k)(4) - dispensing pharmacist Medication shall be centrally stored when...(80075)(j) - 1. preservation of medication requires refrigeration 2. medication is determined by the physician to be hazardous if kept by the resident 3. administrator/licensing determines the medication to be a safety hazard due to phy...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer-Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer-Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer-compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer-no authority, receive compensation A brokers commission i...

WA STATE EXAM PREP BOOK- STATE QUESTIONS & ANSWERS, 100% ACCURATE, GRADED A+/ Excluding the the director of licensing, how many member are on the Washington State Real Estate Commission? - -6 The purpose of the Washington Real Estate Commission is to: a. Promote the public interest b. Set commission rates RE brokers are allowed to charge c. Protect private property rights - -a. Promote the public interest Rules regarding RE licensees are issued by the ________ - -Director of the depart...