Procuring cause - Study guides, Class notes & Summaries

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

Rockwell Real Estate Exam WA 2 At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - answerD. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency dis...

3-Way Match correct answers Procurement Process 1. Purchase Requisition, Generated by Business Unit. 2. Approved Purchase Req sent to Procurement 3. Procurement assigns Buyer and identifies existing approved suppliers. 4. If no suppliers, a Sourcing Process is initiation, otherwise a PO is placed. 5. Supplier delivers Products or Goods (remits invoice) 6. Receiving Department logs Receipt and Packing Slip 7. Finance completes a "3-way Match" to ensure the PO, Invoice and Packing Sl...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller B has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase price. The appraised value at the time of closing was $220,000. What will the buyer pay for one ...

ABMDI-D Latest Update with Certified Solutions ANECEPHALIC An infant born without a brain BEREAVEMENT Sorrow following the death of a loved one BRAIN DEATH Final cessation of activity in the central nervous system, as indicated by a flat EEG or absence of cerebral blood flow for a predetermined period of time CARDIAC DEATH Final cessation of activity in the cardiovascular system involving the heart and blood vessels CESSATION The final stoppage of action CORONER Typically an elected officia...

NEVADA REAL ESTATE EXAM PREP QUESTIONS & ANSWERS, GRADED A+ **For this question, disregard selling costs, taxes, etc. choose the closest answer: A parcel of land is sold for $163,000. If it appreciates at 14% compounded per year and the seller keeps it for 7 years, how much will the seller pay for it? - -$65,000 Explanation: To solve use the formula: V = P(1+r/n)^nt · V = future value of the investment ($163,000) · P = principal investment amount · r = annual interest rate (14%) · n ...

Rockwell Exam Real Estate Classes WA 2 Exam At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - answerD. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of t...

ABMDI-D Exam Questions and Answers 100% pass ANECEPHALIC - Correct Answer ️️ -An infant born without a brain BEREAVEMENT - Correct Answer ️️ -Sorrow following the death of a loved one BRAIN DEATH - Correct Answer ️️ -Final cessation of activity in the central nervous system, as indicated by a flat EEG or absence of cerebral blood flow for a predetermined period of time CARDIAC DEATH - Correct Answer ️️ -Final cessation of activity in the cardiovascular system involving the...

Real Estate Exam Illinois Chapter 6 Questions and Answers (Graded A)Real Estate Exam Illinois Chapter 6 Questions and Answers (Graded A)Real Estate Exam Illinois Chapter 6 Questions and Answers (Graded A)Real Estate Exam Illinois Chapter 6 Questions and Answers (Graded A)Real Estate Exam Illinois Chapter 6 Questions and Answers (Graded A) Exclusive right-to-sell - ANSWER-one broker is appointed as the seller's sole agent Exclusive right-to-sell offers... - ANSWER-the most protection Ex...