Floor brokers - Study guides, Class notes & Summaries

Section 1: Delaware Real Estate Orientation Exam Questions and Answers 100% Correct On the surface, most brokers may seem pretty similar. So it's up to you to do a little probing to discover what makes one broker different than another. That's where you'll start to determine if you and the broker are a good fit. Which five of these areas should you inquire about when looking for a broker? - Correct Answer ️️ -1. Reputation 2. Policies and Procedures 3. Training Program 4. Culture...

Absorption Study - Answer How much space is used for the number of sales in a given period of time Terms associated with commercial office space - Answer Floor plate, core area, usable area and rentable area Residential Rental Agreement Act responsibilities - Answer 1-Property must be habitable at the time of possession 2-Habitability cannot be waived by the lease agreement 3-tenant cannot withhold rent even if the property is not habitable 4-At the beginning of the tenancy, landl...

Colorado Contracts and Regulations Midterm Exam with Complete Solutions At closing of a property, who is most likely to pay the discount points and loan origination fees? A) Buyer and seller equally B) Seller C) Buyer D) Lender The answer is buyer. The buyer typically pays these fees. The seller may have given the buyer some funds as a concession; however, since the fees show on the buyer's settlement as a debit, they are considered to be a buyer obligation. The buyer must receive a Lead-B...

The Real Estate Commission has nine members, all of whom must be licensed real estate brokers. -:- False caretaker or custodian who leases or offers to lease, or rents or offers to rent condominium units on behalf of an association of condominium owners is required to be licensed. -:- True. In a partnership engaged in real estate brokerage, every active partner must have a real estate salesperson's license. -:- False person who acts as a receiver, trustee in bankruptcy, or pers...

Series 3 Exam Questions With Complete Solutions |Verified Answers

Florida Real Estate Sales Associate Preparation Exam Review Questions and answers, rated A+ Real estate brokerage - business of bringing together buyers & sellers, owners & renters, & completing real estate transactions residential - real estate as 4 or fewer residential units, vacant land zoned for 4 or fewer units, or agricultural property of 10 or fewer acres Division of Real Estate (DRE) - supports the Commission (FREC). under the Dept. of Business & Professional Regulation (DBP...

North Carolina Real Estate PreLicensing Questions and Answers Abstract of Title - `ANSWER The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. Acceleration Clause - `ANSWER The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately...

How many square feet in one acre? correct answers There are 43,560 square feet in an acre Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for? correct answers $332,600 To solve this problem, set up an equation using P for the answer you seek: You know that the seller walked away with $306,000. If the agent was to take 8% of the selling price (P), the...

TREC Home Inspector Exam Questions with Correct Solutions What is the maximum TREC will pay? - Answer ️️ -$12,500 per transaction; $30,000 for each licensee Number of members on TREC? - Answer ️️ -9; 6 Brokers / 3 Public. The each serve staggered years. How many members are on the Texas Real Estate Inspector Committee? - Answer ️️ -9; all professional inspectors for 5 years. Staggered 6 year terms. 3 members expire Feb 1st in odd- numbered years. How many hours requirement f...