Indiana real estate exam - Study guides, Class notes & Summaries

Indiana State Life and Health Insurance Exam Questions and Answers Already Passed How many days is a temporary producers license valid? 30 60 90 180 180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 $25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer misrepresents a policy t...

Abandonment - Answer-The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answer-Extinction or termination of a nuisance Abstract of Judgement - Answer-A condensation of the essential provisions of a court judgement Abstract of Title - Answer-A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...

Land - Answer-Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration - Answer-Zoning Board of Adjustment oversees rule administration and appeals Real estate - Answer-land plus manmade permanent attachments Real property - Answer-real estate plus bundle of rights Bundle of Rights - Answer-Possess Use Transfer Exclude Encumber Physical Characteristics - Answer-Immobility; indestructibilit; hetoerogeneity Immobility - Answer-Land...

A broker's protection clause, when inserted into a listing agreement, serves this function: - Answer-To entitle the broker a commission if the property is sold to parties with whom he/she has negotiated during the term of the listing for a stated number of days after the listing expires A legal document pledging a property to the lender as security for payment of a debt is called: - Answer-A mortgage What does a desist and refrain order do if issued by the real estate commissioner? - Answ...

DID NOT PROVIDE FULL DISCLOSURE TO HIS PRINCIPAL AS REQUIRED - Answer-A broker has a long term listing with his principal with a price that had been fully researched at the time of the listing a year ago. He has just been informed that the property next to his has been rezoned. this means that the principals property is likely to increase significantly in value. the broker informs one of his investors, who buys the property at full price. This makes the seller happy after such a lengthy listing....

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...

Indiana Real Estate Exam Questions and Answers 100% Pass 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- ...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

Indiana Real Estate Exam Prep Review Rated 100% Correct!!

Indiana Real Estate Exam Prep Review Graded A+ Land ️Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration ️Zoning Board of Adjustment oversees rule administration and appeals Real estate ️land plus manmade permanent attachments Real property ️real estate plus bundle of rights Bundle of Rights ️Possess Use Transfer Exclude Encumber Physical Characteristics ️Immobility; indestructibilit; hetoerogeneity Immobility ️Lan...