Kansas real estate Study guides, Class notes & Summaries

Arkansas Real Estate Law Mid-Term Questions with Verified Answers In a timely manner A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No, not without written consent from the seller for dual re...

The Statement of Representation should A. hang prominently in the brokerage firm B. be included in every Real Estate Relationships Brochure C. not be included on personalized brochures D. be included on all paperwork submitted to KREC - correct answerD The Transaction Broker represents... A. the brokerage firm B. the state of Kansas C. neither the buyer or the seller D. the real estate agent - correct answerC Customized brochures must contain the elements of? A. The Statement of R...

Which of the following is a closing custom in KS - Answer- Buyers and sellers split the closing fee KREC recently updated the Real Estate Brokerage Relationship brochure in order to - Answer- Better clarify how designated agency works What is the most important reason for licensees to review the most recent version of the Kansas Real Estate license Law Book - Answer- It helps them stay up-to-date on any license law changes What are the four external forces that may affect value - Answer...

Arkansas Real Estate Exam Questions and Answers 100% Pass principal broker - Correct Answer ️️ -an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license - Correct Answer ️️ -Delivery of a lease application or lease. Receiving a lease or lease application for delivery t...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...

Commission meetings: a. Are whenever possible b. Are on the first Monday following the second Tuesday of every month c. Can be called by a majority d. Are twice a year at a time designated by the commission Correct Answer C. Can be called by a majority Meetings of the commission are held: a. At the commission's office b. At the board room c. In private d. At a public facility Correct Answer A. At the commission's office An appearance before the commission: a. Is mandatory if sub...

A property management agreement is a written contract between the Correct Answer owner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board selected? Correct Answer Appointed by the governor The answer is appointed by the governor. The members of the board are appointed by the governor and approved by the senate. A...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...

Arkansas Real Estate State Exam Prep Questions and Answers 100% Pass Commission meetings: a. Are whenever possible b. Are on the first Monday following the second Tuesday of every month c. Can be called by a majority d. Are twice a year at a time designated by the commission - Correct Answer ️️ -C. Can be called by a majority Meetings of the commission are held: a. At the commission's office b. At the board room c. In private d. At a public facility - Correct Answer ️️ -A. A...

Arkansas Real Estate Exam State Portion 2024 Questions and Answers 100% Pass When are Meeting of the Commission held and where? - Correct Answer ️️ -The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? - Correct Answer ️️ -Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concisely stated with sufficient details. When are you restricted from ap...