Steering or channeling - Study guides, Class notes & Summaries

Asset held In a land trust - Answer-Real Estate Level of government where building codes are enforced - Answer-Local Fixtures - Answer-items of personal property that are attached or annexed to real property Fair Housing Act of 1968 - Answer-Prohibited discrimination concerning the sale, rental, and financing of housing based on race. Eliminate discrimination caused by blockbusting, steering, and redlining. Steering - Answer-Channeling prospective buyers or tenants to particular neig...

Champion Real Estate Vocabulary Exam Questions and Correct Answers RESPA - ANSWER Real estate settlement prodcedures act - Brokerage - ANSWER The overall real estate business-bringing parties together and completing transactions Independent Contractor - ANSWER A licensee sponsored by a broker who is not considered an employee- there must be a written agreement, the independent contraction must be licensed and [payment is on the basis of performance, not number of ...

Gold Coast Real Estate Exam Questions and Answers 100% Pass How long must a broker maintain records/files - Answer- 5 years (2 years after court proceeding) Registered with DBPR, at least one room, records kept there, may be in broker's home if zoning permits - Answer- Broker office requirements Deposit accompanying offer - Answer- Earnest money Commercial bank, title company having trust powers, credit union, or savings association located in the state of FL - Answer- Broker's escrow ...

TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED 2023. Statute of Frauds: law that requires some documents (deeds included) to be in writing and signed in order to be enforceable by law  Illegal practice of directing home seekers to a particular neighborhood based on fair housing protected classes? Steering  Taking buyers to or away from a particular area based on any of the protected categories under Fair Housing Laws is called...? steering or channeling ...

Involuntarily Inactive - When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses - Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one brokerage firm....

Champions principles of real estate 1 . EXAMS 3VERSIONS COMBINED Q & A Homestead Protection - ANSWER A statutory estate- a family homestead is protected from forced sale by all creditors except: mortgage, property taxes,m&m liens and homeowner association fees ad valorem taxes - ANSWER Taxes on real estate property's according to value of property Promulgated Contract Forms - ANSWER Written by the Broker-Lawyer Committee and promulgated by TREC these contract forms are for the manda...

Usury MOST nearly means - Answer A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as loan sharks. - Answer usurious and illegal. Which of the following describes a mortgage that requires principal and interest payments at regular intervals and is called the liquidation of debt by pe...

TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED 2023. The law requiring real estate contracts to be in writing is called the...? statue of frauds  Statute of Frauds: law that requires some documents (deeds included) to be in writing and signed in order to be enforceable by law  Illegal practice of directing home seekers to a particular neighborhood based on fair housing protected classes? Steering  Taking buyers to or away from a particular area based on a...

Illinois leasing agent chapter 3 Exam With Complete Solutions Federal Fair Housing Act of 1968 - answerThe federal law which prohibits discrimination based on race, color, religion or national origin in connection with the sale or rental of most housing, or vacant land intended for housing. Steering - answerThe illegal practice of channeling home-seekers to particular areas, either to maintain the homogeneity of an area or to change the character of an area, and therefore limiting buyers...

NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers NYREI Exam Review (11-20) Questions and Answers -race was first protected class -no exemptions -plessy vs ferguson: seperate but equal was legal -brown vs board of ed: seperate but equal was illegal - ANSWER- ...