Indiana real estate exam - Study guides, Class notes & Summaries

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - correct answer Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - correct answer Salesperson, broker A salesperson can receive ______ ONLY from that broker. - correct answer compensation A salesperson has _______ to make contracts with or ______ from any other party. - correct answer no authority, receive compen...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

How much time is given to pass the Indiana salesperson exam? - 4 hours How many hours of pre-licensing education do you need in Indiana? - 90 hours How old do you have to be in Indiana to obtain a RE License? - 18 years old Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority. Biff is the: - Property manager Paula enters into a contract for the purchase of Jordan's home. Paula applie...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer-Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - AnswerSalesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer-compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer-no authority, receive compensation A brokers commission is speci...

the surface Zoning Administration - ANSWERSZoning Board of Adjustment oversees rule administration and appeals Real estate - ANSWERSland plus manmade permanent attachments Real property - ANSWERSreal estate plus bundle of rights Bundle of Rights - ANSWERSPossess Use Transfer Exclude Encumber Physical Characteristics - ANSWERSImmobility; indestructibilit; hetoerogeneity Immobility - ANSWERSLand cannot move; forever fixed Indestructibility - ANSWERSLand is permanen; No depreci...

Indiana Real Estate Exam with Correct Answers 2024 Update The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer -Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer -Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer -compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer -...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Broker, Broker The _____ can carry out ONLY those responsibilities assigned by employing ____. - Salesperson, broker A salesperson can receive ______ ONLY from that broker. - compensation A salesperson has _______ to make contracts with or ______ from any other party. - no authority, receive compensation A brokers commission is specified in the ______ with ...

State Portion Real Estate Exam Questions and Answers Already Passed Not psychologically affected if Reputation of haunted ghost Operate INDIANA property management firm outside of the broker company What is Correct ? Broker me do with formal approval of original managing broke Listing agreement should be delivered to Owner Upon signing Broker hires interactive broker to conduct open house The broker may face disciplinary action for incompetent practice Broker a discovers a former buyers clie...

A broker's protection clause, when inserted into a listing agreement, serves this function: - ANSWERSTo entitle the broker a commission if the property is sold to parties with whom he/she has negotiated during the term of the listing for a stated number of days after the listing expires A legal document pledging a property to the lender as security for payment of a debt is called: - ANSWERSA mortgage What does a desist and refrain order do if issued by the real estate commissioner? - ANSW...

Abandonment - ANSWERSThe failure to occupy and use property that may result in loss of rights Abatement of Nuisance - ANSWERSExtinction or termination of a nuisance Abstract of Judgement - ANSWERSA condensation of the essential provisions of a court judgement Abstract of Title - ANSWERSA summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...