Residential real estate - Study guides, Class notes & Summaries

COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When must earnest money be deposited? Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be: Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the transaction a...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

M-100 Community Association Management 2023/ 2024 Exam| Questions and Verified Answers with Rationales| Grade A+ Q: Each of the following are key characteristics of community associations EXCEPT: a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. b. Membership in the community association is mandatory and automatic for all owners. c. A requirement of community association ownership is serving on the ...

Texas Promulgated Contracts-CHAMPIONS Exam, Answered-The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Who licenses real estate inspectors? CORRECT ANSWER TREC The role of sales agent in disclosing property condition: CORRECT ANSWER agent must refrain from giving an opinion of the condition of the property or the validity of any findings in the report. Sales agents responsibility to explain the inspection process. TREC standards of practice - what properties are covered CORRECT ANSWER resales or substantially completed houses. Inspection of houses under construction is a growing segment. ...

Alberta Real Estate Fundamentals questions and 100 % correct answers 2024 Real Estate The land and fixed improvements to the land Classes of License 1. Associate 2. Associate Broker 3. Broker 4 Areas of Practice 1. Residential 2. Commercial 3. Rural 4. Property Management Mobile homes fall under the same category as recreational properties False Industrial Properties

PRACTICE OF RESIDENTIAL REAL ESTATE EXAM LATEST EXAM 2024 | ALL QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED A+ | LATEST VERSION (JUST RELEASED)

The amount of goods offered for sale within a given market at a given price during a given time period. correct answer: supply A property manager is an example of what type of agent? correct answer: General Agent A real estate agent is an example of what type of agent? correct answer: Special Agent The general uses of real property include the following: correct answer: Residential, Commercial, and Industrial A means of comparing similar type properties would have recently sold t...

Colorado Title Test Questions and Answers 100% Pass AGENTS' LICENSES TO REPRESENT A NATIONWIDE BUSINESS CONDUCTING BUSINESS IN COLORADO ARE ISSUED BY? THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO THE APPROVED MANNER IN WHICH A TITLE INSURER IS SUPPOSED TO WRITE OVER, OR INSURE THROUGH, RECORD ENCUMBRANCES OR DEFECTS IN TITLE IS? BY A SPECIALLY FILED ENDORSEMENT PURSUANT TO THE PROVISIONS OF THE UNIFORM PROBATE CODE, THE ADMINISTRATION OF THE ESTATE OF A COLORADO RESIDENT WHO DIED O...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...