A real estate broker is - Study guides, Class notes & Summaries

California Real Estate Principles - Questions and Answers Already Passed (1) 1. The Real Estate Law is found in the a. Licensing Code b. Business and Professions Code c. Health and Safety Code d. Corporations Code Business and Professions Code (1) 2. The Real Estate Commissioner reports to the a. California Bureau of Real Estate b. governor c. Real Estate Advisory Commission d. legislature governor (1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, I...

1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer- -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer- C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate license in New York a. Sa...

The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TRUE regarding real estate licensees selling property "by owner?" a. The licensee...

Florida Real Estate Class Final Exam(question and answers)2023A Business Broker - correct answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - correct answer Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - correct answer Cust...

Rockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% Verified Once a contract for deed is signed by the parties, the buyer immediately receives: A. a life estate B. legal title C. equitable title D. the right to lease the property - ANSWER-C. equitable title A buyer receives equitable title to the property once the land contract has been signed A real estate broker represents the seller in a ...

Champions School of Real Estate Law of Agency – Questions and Answers Already Passed The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscr...

Aceable Agent: Real Estate Principles: Actual Exam Questions And Correct Answers | Latest Update The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code - ANSWER B. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the governor. c. the Department of Housing and Urban Development. d. the legislature. - ANSWER B. the governor ...

Florida Real Estate Exam Questions With Solutions Latest Updated Rated 100%. In which form of co-ownership is a person's ownership inheritable? a. Joint tenancy b. Tenancy by the entirety c. Tenancy in common d. Tenancy in severalty c. Tenancy in common allows for a persons share to be inheritable, it does not automatically pass forth to the rest of the owners like in joint tenancy (this is called the right of survivorship). Florida Real Estate Exam Questions With Complete Solutions Lat...

Real estate U Final Exam Questions and Answers | 100% Correct | 2024 Update | 18 Pages Article 12-A of the NYS Real Property Law - Answer ️️ -- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - Answer ️️ -- A licensed real estate broker that holds the license of a salespers...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probabl...