A broker who - Study guides, Class notes & Summaries

Colibri Real Estate Exam Questions And Answers Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane pa...

A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - Before buyer and agent discuss motivation or financial information. What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, & Reasonable care (OLD CAR) As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - Dual Agency - agent cannot advise or council Material facts which must be disclosed - ...

Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - ANSWER-a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel t...

REAL ESTATE GA STATE EXAM (52 QUESTIONS) | ANSWERED/ WITH RATIONALE| GRADED A+/ The Georgia Real Estate Commission will discipline a licensee for which of the following actions? - - A. II and IV only II. Guaranteeing future profits from the sale of a property. IV. Persuading a party to an existing listing contract to break that contract and list with the licensee. Which licensee is violating Georgia license law? - -A. Salesperson Maria accepts a commission payment directly from her clie...

NJ real estate exam questions and answers 100% pass Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land ...

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...

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

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 ...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...