A licensee wh - Study guides, Class notes & Summaries

When does TREC regulate a licensee.... - Answer-when the licensee is selling a house for a client Legal agreement between parties to do or not to do a certain act for consideration - Answer-Contract Law that requires all contracts for real property to be in writing to be enforceable - Answer-Statute of Frauds what is an example of good consideration - Answer-love of a friend What does Duress mean - Answer-use of force When a person listens to both sides of the situation and makes ...

refusal to perform licensed activity is subject to disciplinary actions if a licensee refuses to provide services because of __(8)__ - 1. race 2. color 3. sex 4. religion 5. ancestry 6. disability 7. marital status 8. national origin T/F: an applicant can be denied a license if convicted of any crime - False. the crime or act must be substantially related to the qualifications, functions or duties of the profession T/F: A license can be denied/suspended/revoked based on character, r...

owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license - Answer d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license With respect to the Mount Laurel requirements, Which of the follo...

According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license - ANSWERSd. disclose in the contract of sale that the seller holds a New Je...

Intro To Psi Property And Casualty With complete Solution (a+ graded) All of the following are authorized activities for the limited lines automobile insurance agents EXCEPT if the agent - CORRECT ANSWER-Charges and collects a brokers fee for service Which of the following descries a contract of reinsurance? - CORRECT ANSWER-A first insurer issues insurance to compensate another insurer for losses on contracts issued by that second insurer A personal lines licensee is an agent-broker who...

what are the 3 areas that a licensee are required to have expert knowledge? - Answer property transfer, valuation, marketing when a developer acquires a large tract of land and records a subdivision play map, and uses a model center from which sales are made is called? - Answer tract building focusing on one type or style of property or a particular neighborhood - Answer farming/farm area sales associate who wishes to apply to be a broker must have - Answer 24 months under one or more a...

Georgia MLS Practice Class With Complete Solution

New York Accident & Health Insurance, Questions and answers. 100% verified. Rated A Document Content and Description Below New York Accident & Health Insurance, Questions and answers. 100% verified. Rated A Agent Licesne - Noone can sell insurance without license but you dont need to pass test if you are employ ees of licesed insurance agent wh do nt solicit, licensed attorneys, actuaries or cpas who provid ino, regular salaried implyees who devote little tie, an agent oof a graternal benefit ...

Real Estate Final Exam - Illinois The purpose of a recovery fund is to: A. protect damaged licensees from clients who fail to pay earned commission. B. assist in the liquidity of a troubled brokerage through low-interest loans. C. ensure that judgements against licensees will be collectible within certain limits. D. replenish losses in escrow accounts of brokerages found to have mismanaged monies. - Answer-C. ensure that judgements against licensees will be collectible within certain li...

When does TREC regulate a licensee.... - Answer-when the licensee is selling a house for a client Legal agreement between parties to do or not to do a certain act for consideration - Answer-Contract Law that requires all contracts for real property to be in writing to be enforceable - Answer-Statute of Frauds what is an example of good consideration - Answer-love of a friend What does Duress mean - Answer-use of force When a person listens to both sides of the situation and makes ...