Nar is a organization - Study guides, Class notes & Summaries

What is the real estate rights above the ground surface called? correct answers Air space. The __________ represents an expected price that should result under specific conditions. correct answers Real estate value A broker or sales associate that is qualified to answer questions about a specific real estate is said to be ____________. correct answers Competent The purpose of the real estate license is to ensure the licensee meets the minimum standard of _____________ mandated by Texas ...

(DPREC) How many real estate commissioners are there and how long do they serve? - 4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have authority over? - To force a broker to c...

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 3 Physical Characteristics of Land - Answer -Indestructibility or durability Immobility Non homogeneity Mortgage Lending - Answer -business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - Answer -Residential Mortgage Lenders Originator Property Management - Answer -Management of residential and comme...

Assignment - 1. When a person transfers his interests under a contract to another. 2. When a tenant transfers his right of possession, or other interest, in leased property to another person for the remainder of the lease term. Broker - Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - A self-employed salesperson paid on jobs complete...

45 Hour Post License Florida Exam COMPLETE SET ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS Farming - ANSWER : Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER : - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with op...

Farming Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg A residential transaction is defined as Industrial sa...

Maine Real Estate Exam An employer is responsible for direction a ( ) as to both what is to be done and how it is to be done - correct answer employee Real estate licensees are almost always ( ) with their company - correct answer independent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - correct answer written company poilicy license laws a...

Farming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg - ANSWER A residential transaction is defined as Indus...

Farming - ️️Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ️️- Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - dispositions o...

License law correct answersParticular state laws having to do with qualifications, licensing, and oversight of real estate or other professionals are known as______. These laws are passed by the state legislature Pre license education correct answersTo obtain a real estate salesperson"s license, one must furnish evidence of completion of____ which includes two commission approved courses in real estate subjects composed of not less than thirty class hours each. Broker correct answersIn or...