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Real Estate Exam FL Sales Associate Questions and Answers 100% Pass Absentee Owner - Correct Answer ️️ -A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment Abstract of Title - Correct Answer ️️ -A compilation of the recorded documents relating to a parcel of land from which an attorney may give an opinion as to the condition of title (a history of title) Acceleration Clause - Correct Answer ️️ -A condition...

Notary Public IN.Biz Course (Indiana) Questions and Answers Rated A+ The _____, or brief description of the document title The date and ____ of notarization time The ________ name of each signer Printed The ____ of notarization type The ____ of the document date Right/Wrong Answer Board RIGHT: * You must take a course on Notary duties and responsibilities * You do not need to reside in the state to be a Notary as long as you are primarily employed in Indiana * US citizens and Legal Permanen...

Buyer Representation Agreement - ANSWER-An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency - ANSWER-Agency as a result of customary, usual or typical conditions Broker - ANSWER-A properly licensed party who serves a principal in an agency relationship- also called an agent Client - ANSWER-A party represented by a broker in an agency relationship - also called a principal Duties of an Agent - ANSWER-An agent owes his client obedience, loyalty, d...

Buyer Representation Agreement Correct Answer An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Correct Answer Agency as a result of customary, usual or typical conditions Broker Correct Answer A properly licensed party who serves a principal in an agency relationship- also called an agent Client Correct Answer A party represented by a broker in an agency relationship - also called a principal Duties of an Agent Correct Answer An agent owes hi...

The Department of State - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law Outlines the roles/duties of the Department of State Commissions - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. - A typical commission in New York is 6%. - Commissions are always...

What is your status under the Internal Revenue code - Answer A statutory non-employee What is your status under NY Law, and where you are supervised by a Broker - Answer Independent Contractor How long are records to be maintained for - Answer 3 years Where do we get our license from - Answer NY State Department of State Division of Licensing Services How many hours of classes does a salesperson need? Broker? - Answer Salesperson = 75 / Broker = 120 What are the age requ...

Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)Real Estate U Pass the NY State Exam 2023-2024 Questions and Answers (Graded A)The Department of State - ANSWER-- Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for bro...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - ANS Torrens System Ownership of a property reverted to the grantor of the estate when its usage failed to conform to a stated condition in the grant. What type of estate existed? - ANS Fee Simple Defeasable How does Planned Unit Development zoning differ from ordinary zoning? - ANS It requires that multiple tracts of land be developed according to a single design for efficien...

The Department of State - correct answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - correct answer Outlines the roles/duties of the Department of State Commissions - correct answer - Commissions are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. - A typical commissio...

What is your status under the Internal Revenue code - Answer A statutory non-employee What is your status under NY Law, and where you are supervised by a Broker - Answer Independent Contractor How long are records to be maintained for - Answer 3 years Where do we get our license from - Answer NY State Department of State Division of Licensing Services How many hours of classes does a salesperson need? Broker? - Answer Salesperson = 75 / Broker = 120 What are the age requ...