Real estate trust account Study guides, Class notes & Summaries
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Alaska State Real Estate Exam
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If the Alaska real estate commission directs the investigator to conduct an unannounced trust account audit a broker may request a 24 hour delay - Answer- To meet schedule obligations but the records to be audited must be sealed by the investigator and unavailable to the broker during that time 
 
In Alaska who of the following would need to be a licensed real estate broker or sales person - Answer- Person who employs fewer than three apartment licenses. 
 
In Alaska which of the following is re...
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Oregon Broker PSI Exam 2024 Questions and Answers 100% Accurate!
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How long must real estate documents be kept? - ANSWER-6 years, from the date the transaction was accepted, rejected, or withdrawn 
 
Who approves advertising? - ANSWER-Principal broker 
 
When should the principal broker review brokers documents? - ANSWER-7 days of the document's acceptance, rejection or withdrawal. The PB must sign and initial at the time of review 
 
How long must you keep attendance and continuing records? - ANSWER-3 years everything else regarding business for 6 years 
 
Wh...
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions 
 
Texas Real Estate Commission - ANSWER TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act 
 
Real Estate Recovery Trust Account - ANSWER administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders 
 
unlawful practice of law - ANSWER license holder is...
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Dubai RERA Broker Exam Questions with Correct Answers Graded A+
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Dubai RERA Broker Exam Questions with Correct Answers Graded A+ 
 
Which law applies to 
Land Registration & Ownership (Role of DLD) Law No. 7/2006 
 
Which law applies to 
Designated Areas 
(Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 
 
Which law applies to 
Regulation of Real Estate Brokers Law No. 85/2006 
 
Which law applies to 
Establishment of RERA Law No. 16/2007 
 
Which law applies to 
Escrow Accounts Law No. 8/2007 
 
Which law applies to 
Tenancy Law Law N...
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Texas Real Estate Principles 1 Practice Exam: Latest Updated A+ Guide: Questions & Answers
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Courses for the renewal of an active real estate broker or sales agent license are called 
(Ans- continuing education (CE) 
 
What is the maximum amount that the Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has been repaid in full by the license holder? 
 (Ans- $100,000 
 
Which is owned by the tenant? 
 (Ans- a trade fixture 
 
Which of the following terms refers not only to the surface of the earth but also below ...
Too much month left at the end of the money?
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OREGON REAL ESTATE EXAM (PSI) QUESTIONS AND ANSWERS 2023 NEW ONLINE SOLUTION
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OREGON REAL ESTATE EXAM (PSI) QUESTIONS AND ANSWERS 2023 NEW ONLINE SOLUTION 
 
How many consecutive years of non-use of water does one lose their water rights in Oregon? 
 
Who must register the business name? 
 
How long must real estate documents be kept? 
 
Who approves advertising? 
 
When should the principal broker review a brokers Documents? 
 
How long must you keep attendance & continuing education records? 
 
When should you notify the Real Estate agency a clients trust account h...
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Cannon CTFA Prep Questions with complete Answers 2023
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Cannon CTFA Prep Questions with complete Answers 2023 
Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? 
 
A. None, as it passes directly to his spouse, Jean. 
B. $175,000 - or one-half of the value 
C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. 
D. $350,000 - the full amount is includable. 
B. $175,...
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...
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Superior 303 NC Law and Rules Exam Questions and Answers
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Superior 303 NC Law and Rules Exam 
Questions and Answers 
sole proprietor -Answer-Full broker not affiliated with another firm 
Can not Advertise 
Can not hire other licensees 
Can not hold a trust account 
Would have to become a BIC in order to 'do it all' 
How long is BIC eligible status valid for? -Answer-12 months 
must take BIC update instead of general update each year 
that will renew eligibility to continue being BIC eligible 
Who is responsible for the advertising? -Answer-BIC 
Who i...
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TREC Promulgated Contract Forms #351 Final Exam 2023
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In the State of Texas who is allowed to use a customized real estate contract? 
The real estate brokerage company 
The salesperson 
The broker 
Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas 
 
Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. 
Offer and acceptance issue 
Competency issue 
Consideration iss...
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