Broker 2 - Study guides, Class notes & Summaries
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NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)
- Exam (elaborations) • 11 pages • 2023
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NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A) 
What agency issues real estate licenses? - ANSWER-The New York State Department of State (NYDOS), Divison of Licensing Services 
 
At what age can you become a real estate salesperson? - ANSWER-18 
 
Do you nee...
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Connecticut Life and Health Final Exam Questions And Answers
- Exam (elaborations) • 17 pages • 2024
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Connecticut Life and Health Final Exam Questions And Answers 
Someone who is licensed to negotiate a life settlement contract is called a - ANS-Life settlement broker 
Chris has a single major medical contract which covers all medical expenses. His plan is considered to be 
- ANS-comprehensive 
What typically changes at the re-entry option date found in some life insurance policies? - ANS-Premium 
- a re-entry option gives the insured the opportunity to provide evidence of insurability at the ...
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45-Hour PA Practice Final Exam
- Exam (elaborations) • 16 pages • 2023
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The final step a licensee will take when preparing a CMA is: 
 
1. Choosing comparables 
2. Estimating a reasonable selling price range 
3. Making adjustments to comparables 
4. Collecting and analyzing information - Answer- CORRECT ANSWER: 
 
Estimating a reasonable selling price range 
 
A broker price opinion must include what the price was based on and: 
 
1. License number 
2. The broker's phone number 
3. Applicable market data 
4. A legal description - Answer- CORRECT ANSWER: 
 
Applic...
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Superior School of Real Estate Final | 110 Questions With 100% Correct Answers.
- Exam (elaborations) • 16 pages • 2023
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Which of the following would create legally binding acceptance of a written offer? -The seller's 
agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. 
A comparable property has 2750 square feet. The estimated value of 450 additional square feet is 
$22,500. The broker should... -Add $22,500 to the sales price of the comparable property. 
An option to purchase has bee...
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Maryland Real Estate (Law) Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 18 pages • 2024
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When a salesperson whose license has not been renewed negotiates a sale of real property, who is the 
commission payable to? 
a. the broker only 
b. no one 
c. the salesperson only 
d. the broker and the salesperson according to prior agreement - b. no one 
If a salesperson license is issued on January 2, 2016, when will it expire? 
a. January 2, 2016 
b. September 2, 2016 
c. April 1, 2016 
d. March 31, 2016 - a. January 2, 2016 
When prospective purchasers first arrive at a brokerage office to...
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Nevada Real Estate Exam Questions and Answers (Graded A)
- Exam (elaborations) • 37 pages • 2023
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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...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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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...
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Colorado Real Estate Exam - State Portion Questions and Answers Latest Update
- Exam (elaborations) • 9 pages • 2024
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A licensee may accept compensation from: - ANSWER-The licensees employing broker only 
 
When a licensee uses a licensee buyout addendum you are putting the seller on notice that: - ANSWER-The buyer is a licensee, the buyer may make a profit and the seller may incur a loss. 
 
When must a listing broker disclose to a potential buyer the broker's working relationship with the seller? - ANSWER-In writing before receiving or eliciting confidential information 
 
Agent Mike is the broker owner of A...
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Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified)
- Exam (elaborations) • 15 pages • 2023
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Gold Coast FINAL EXAM STUDY SET for 4/11 
Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified) 
what are the the areas a realtor should be an expert in? 
Marketing 
Valuation & Market Conditions 
Property Transfer 
"MVP" 
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real 
estate license? 
to get a FL real estate license, you don't need to be a citizen 
What must an applicant for a real estate license do if he has been convicted of a 
cri...
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Florida Real Estate Class Final Exam(question and answers)2023
- Exam (elaborations) • 32 pages • 2023
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Florida Real Estate Class Final Exam(question and answers)2023A Business Broker - correct answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate 
 
Follow-Up is - correct answer Keeping in contact with the new owner after the closing of the sale 
 
A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - correct answer Cust...
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