Michigan salesperson - Study guides, Class notes & Summaries

MICHIGAN BUILDERS LICENSE EXAM QUESTIONS AND ANSWERS | LATEST UPDATE 2024/2025 | GRADED A+ | 100% CORRECT. A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem CORRECT ANSWERS - Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission CORRECT ANSWERS - Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours An...

Michigan Residential Builder's License Test Bank|1190 Questions and Answers, 100% Correct| A+ Rated Solution Guide| Latest What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what...

PSI Real Estate Practice Exam - Michigan (Chapter 1) Graded A+ Designated Agent ️A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach ️What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" ️Ch...

Michigan Real Estate Broker Exam Study and Glossary Questions With Correct Answers 2024 Update A broker's license is required if you are engaging in more than _______ real estate sales in a __________ month period. - Answer -5,12 How many principal associate brokers licenses may a person hold - Answer -unlimited How many non principal associate brokers licenses may a person hold - Answer -1 Paper is power of attorney, person is attorney in fact (TRUE FALSE) - Answer -TRUE How muc...

MICHIGAN BUILDERS LICENSE EXAM QUESTIONS AND ANSWERS | LATEST UPDATE 2024/2025 (100% CORRECT) A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem CORRECT ANSWERS - Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission CORRECT ANSWERS - Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime CORRECT...

Michigan Residential Builder's License 1179 Questions with Complete Solutions What is a quick asset ratio? - Correct Answers 1 to 1 Under the carpentry section of the test, what does a "span table" tell us? - Correct Answers What species and what grade of lumbar a floor joist has to be to span a certain distance Which topics will be covered on the Practice & Trade portion of the exam? - Correct Answers -Carpentry -Roofing -Insulation Where does the most fraud occur? - Correct Answ...

Michigan Real Estate Exam Questions with Answers Uniform State Anti-trust Act - Answer-the idea is we are going to free an open market Price Fixing - Answer-saying commission fees are normal for everyone-- should say my comissions what my broker has chosen to charge me Boycotting or concerted refusals to deal - Answer-brokers getting together to say they will not show listings to clients of a different broker territorial or custom allocation - Answer-you stay in your area and we will ...

Michigan Builders License Exam Study Guide| Complete Questions and Answers, 100% Verified| A+ Rated| Latest What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not m...

Michigan Residential Builder Licensing Exam 2024 – Complete Questions & Answers (Graded A+) Michigan Residential Builder Licensing Exam 2024 – Complete Questions & Answers (Graded A+) M&A contractors include: - ANSWER - A = Carpentry B = Concrete D = Excavation G = Insulation Work I = Masonry J = Painting & Decorating K = Siding M = Roofing If more than one office is used for work, the branch office must be __________ - ANSWER - Licensed The one who obtains the residential b...

What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? Your personal address What is the cost of the individual build...