Real Estate Express

How does subdividing differ from real estate development? - correct answerA developer constructs improvements to the land; a subdivider separates it into smaller units. If a licensee acts as an independent contractor, then - correct answerhe controls his own working hours. When two or more parties are bound to act as described in the contract, this is referred to as a: - correct answerbilateral contract A type of value estimate approach, in which value equals the estimated land value pl...

At least that goes month to month is known as - correct answeran state from period to period Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - correct answer$225 1st you take $30000 in multiply it by 9% for the total annual interest paid or $2700. Divide that by 12 months for the total of $225 per month entries payment Typically a listing broker is usually considered to be? - corre...

Advisory service provider - correct answerBroker works on projects in exchange for a fee salary or retainer. Comps, database search, prospect screening, site analysis. Real estate activities - correct answerCreate, improve, manage, maintain, demolished, on, regulate, transfer real properties Forms of specialization - correct answerBuy property type, geography, type of transaction, type of client, form of business, form of client relationship Professional organizations - correct answerPr...

A violation of a Commission rule is -subject to a reprimand for an initial offense. also considered a civil offense and subject to similar disciplinary action. -considered breaking the law and requires a hearing before the judicial board. -considered the same as violating the license law itself. - correct answerconsidered the same as violating the license law itself. In the event of a Commission vacancy -the governor appoints a new member. -the remaining members elect a replacement ...

Is it permissible to advertise real estate associated services or products in California without a California real estate license? - correct answerYes, as long as the products or services do not include any actions for which a California real estate license is required. Which regulation or section(s) apply to the use of the Internet for advertising in California? - correct answerCommission's Regulation 2770-- sets forth regulations regarding both advertising and doing real estate business ov...

Easements can be terminated by: - correct answer1. The purpose of the easement no longer exists. (a new road is built, etc.) 2. The holder of the easement abandons it for the statutory time period. 3. A merger of the properties occurs so an easement is not needed. 4. Destruction of the property or the easement (such as being at the bottom of a new dam filled with water.) 5. The owner of the easement issues a Quit Claim deed back to the property owner that granted the easement. 6. Excessive ...

MN real estate Express Final Exam

NY real estate express practice exam

Real Estate Express exam 2023 with 100% correct answers

Real Estate Express exam 2023 with 100% correct answers