Subdivider - Study guides, Class notes & Summaries

A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed - Answer-c. The hostesses must be licensed A timeshare would be required to have a public report if: a. T...

certificate of occupancy ~ A document issued by the governing authority stating that a building complies with applicable laws and permitting occupancy for its designated use. subdivider ~ A person who buys undeveloped average and divides it into smaller lots for sale to individuals or developers, or for the person's own use. developer ~ May also be a subdivider; improves the land, constructs homes or other buildings on the lots, and sells them. impact fees ~ Charges made in adv...

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

Real Estate Broker - a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - a person who peforms real estate activities while associated with a licensed real estate broker. licensee - a person holding a valid real estate license appraiser - a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector - A person who's affiliated with a n...

Brokerage - correct answer The business of bringing people together in a real estate transaction. Broker - correct answer A person or company licensed to buy, sell, exchange, or lease real property for others and to charge a fee for their services. Sales Associate/Associate licensee - correct answer A person who performs real estate activities while employed by a licensed real estate broker. Real Estate Licensee - correct answer A person who the skills and knowledge to be licensed as a ...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

A broker who operates under a franchise name other than the personal or breakage firm name, when advertising: A. must include the brokerage firm name recorded with the Commission B. use only the franchise name in advertising C. May advertise in any manners long as the brokers personal name is used D. file the franchise contract with the Real Estate Commission A Which of the following is exempt from needing a license? A. personal representative B. farm manager of a farm property if ...

REAL ESTATE 2024 Release {Revised Exam Study Guide} Real Estate Broker *Ans* a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson *Ans* a person who peforms real estate activities while associated with a licensed real estate broker. licensee *Ans* a person holding a valid real estate license appraiser *Ans* a person whos certified to estimate the value of a real property according to standardized principles of valua...

"to wit" - The legal description of the property 4 elements required for a contract - *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Arbitration - A third party arbitrarion serves as a judge, hearing both parties and making a decision which is binding on the parties. Asbestos - Used in architecture and construction applications begore being banned in buildings construction in the U.S. in 1978 Bilateral Contrac...