New mexico broker exam - Study guides, Class notes & Summaries

Life and Health Insurance Exam 1 Questions and Answers Already Passed UNIT 1: The term used to describe the individual who is covered by the insurance is A. insurer B. insured C. policyowner D. risk B Which of the following is a risk? A. A car may need to have new brakes installed after several years of regular driving. B. An individual may need medical attention after slipping on the ice and falling. C. Both are examples of risk. D. Neither is an example of risk. B The estimation of fu...

New Mexico Broker Basics Unit 2 Brokerage Relationships exam with verified solutions.

Broker Basics NM 01 Licensing Exam Questions and Answers What is the New Mexico Real Estate Commission (NMREC) ? - Correct Answer ️️ - Government agency that enforces the license law, enacts rules to clarify and/or implement the law and sets education, application and renewal requirements. What is parent company of New Mexico Real Estate Commission (NMREC) ? - Correct Answer ️️ -the NM Regulation & Licensing Department How are NMREC's member chosen? - Correct Answer ️️ -They ...

New Mexico Broker Basics Final Exam Questions And Answers With Latest Quiz New Mexico Broker Basics Final Exam Questions And Answers With Latest Quiz

MD Real Estate Exam- State Portion Latest Update Graded A+ Inactive Status associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to General Fund of the State Instead of, or in addition to, suspension or revocation,...

Life and Health Insurance Exam 1 questions and answers well illustrated. UNIT 1: The term used to describe the individual who is covered by the insurance is A. insurer B. insured C. policyowner D. risk - correct answers.B Which of the following is a risk? A. A car may need to have new brakes installed after several years of regular driving. B. An individual may need medical attention after slipping on the ice and falling. C. Both are examples of risk. D. Neither is an example of risk....

NM Broker Basics Exam Questions and Answers Licensees have how many days to respond to a complaint by the Real Estate Commission? - Correct Answer ️️ -10 days The deed has been signed by the grantor - Correct Answer ️️ -Title is said to pass in New Mexico when.... If a broker has not accounted for a security deposit within the required 30 days, and the tenant files suit, what could happen? - Correct Answer ️️ -Pay $250 in damages, pay attorney's fees and courts costs, and for...

New Mexico Real Estate Law Exam Questions and Answers A broker is performing as a property manager and deposits rent into her operating account. This is an example of which of the following? - Correct Answer ️️ -The answer is COMMINGLING. Mixing a broker's money with a client's money is commingling (and illegal). A lessee has the greatest protection with a(n) - Correct Answer ️️ -The answer is ESTATE FOR YEARS. An estate for years locks the holder into the lease for a specific ...

AYPO Real Estate Principles of Real Estate I Exam Study Guide Already Passed TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. The CFPB is the: Consumer Finan...

Which of the following is false regarding trade names : associate brokers must register a trade name all of the following are broker duties except : attend closings the duty of honest and reasonable care means : Activley applying a brokers skill and expertise for the benefit of the client who regulates septic systems in new mexico : new mexico environmental improvement department when is a septic system required to be inspected and certified : prior to the transfer of ownership of the p...