Sponsoring broker - Study guides, Class notes & Summaries

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. The Committee has _____ members appointed by the Commission. - correct answers.12 The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act A successful career in real estate requires someone to: - correct a self-started. A peak is characterized as the __________ turni...

Louisiana Real Estate Exam Complete Solutions ___ is the Louisiana right to dispose of a thing ️Abusus _____ is the organization that will investigate alleged violations of the Louisiana real estate license law ️The LREC A court order to physically divide property among the several owners is a ️Partition in kind A lessor who does not return a security deposit within 30 days of the tenant vacating the property, may be subject to damages for attorney fees and a minimum of: ️$20...

NYREI STATE EXAM GROUP TUTORING question and answers 2023 passed According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? - correct answer Two What type of residential real property transfer would require a property condition disclosure statement? - correct answer Re-sales What happens to the licenses of salespersons if their sponsoring broker's license is revoked or suspended? - correct answer They are suspended A...

NYS Colibri Real Estate Final Exam Questions and Complete Solutions Expressed Agency - Answer: An agency created in a written or oral agreement General Agent - Answer: One who is authorized by a principal to represent the principal in a specific range of matters Fiduciary - Answer: Person in a position of trust, held by law to high standards of good faith and loyalty Fiduciary Duties - Answer: care, obedience, accounting, loyalty, and disclosure COALD Group Boycott - Answer: An or...

Salesperson's Sponsoring Broker correct answer: a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent correct answer: An agent with full authority over one property of the principle. EX: Property Manager. Supply correct answer: Te amount of goods offered for sale within a given market at a given price during a given period. Specific Agent correct answer: Agent with limited authority to act on behalf of the principal, such as a listin...

According to the New York State Real Property Law, a real estate salesperson's license is issued for a term of how many years? Two What happens to the licenses of salespersons if their sponsoring broker's license is revoked? They are suspended Which type of residential real property transfer would require a property to condition disclosure statement? Lease with an option to purchase A listing broker for the seller has a buyer-client who asks to see the listing. This req...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2023 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...

Texas Law of Agency: Quiz Questions And Answers All Verified Agent - ANS One who acts for and with authority from another, called the principal, is known as a/an...? Agent Attorney Employee Partner A Sponsoring Broker - ANS If an individual works as an associate broker, who must they work under...? An associate licensee An associate broker does not work under anyone A real estate salesperson A sponsoring broker Prospective Client - ANS The Information About Brokerage Se...

IL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIEDIL STATE EXAM PREP QUESTIONS AND ANSWERS 100% VERIFIED Brokerage - ANSWER-Is the business of bringing people together in a real estate transaction. Real Estate Licensee - ANSWER-Acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of ...

If a licensee wishes to put his or her license on inactive status, what must he or she do? - Answer Complete the LREC's prescribed transfer form and pay the transfer fee. ABC Realty is a licensed corporation. It has a designated qualifying broker, an associate broker, and four salespersons. If the designated qualifying broker leaves the company, what will happen? - Answer The corporation and all of the licensees will have to cease real estate activities until a new qualifying broker ...