Subdivider - Study guides, Class notes & Summaries

"to wit" - The legal description of the property 4 elements required for a contract - *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Arbitration - A third party arbitrarion serves as a judge, hearing both parties and making a decision which is binding on the parties. Asbestos - Used in architecture and construction applications begore being banned in buildings construction in the U.S. in 1978 Bilateral Contrac...

REAL ESTATE 2024 Release {Revised Exam Study Guide} Real Estate Broker *Ans* a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson *Ans* a person who peforms real estate activities while associated with a licensed real estate broker. licensee *Ans* a person holding a valid real estate license appraiser *Ans* a person whos certified to estimate the value of a real property according to standardized principles of valua...

GA MLS Multiple Choice QuizBank and Accurate Answers 100% Correct Rated A

A broker who operates under a franchise name other than the personal or breakage firm name, when advertising: A. must include the brokerage firm name recorded with the Commission B. use only the franchise name in advertising C. May advertise in any manners long as the brokers personal name is used D. file the franchise contract with the Real Estate Commission A Which of the following is exempt from needing a license? A. personal representative B. farm manager of a farm property if ...

ACEABLE AGENT PRINCIPLES OF REAL ESTATE 2 QUESTIONS AND ANSWERS, GRADED A+/ 100 lots or more - -The Interstate Land Sales Full Disclosure Act is applicable to developers involved in the Interstate sale or lease of: 5280 feet - -1 mile A developer - -Develops unimproved land prior to resale or lease A subdivider - -Divides unimproved land into smaller parcels for resale or lease Absolute Auction - -also known as a no-reserve auction, it is an auction in which there is no reserve or rest...

The Commission requires that - a broker operate only under one business entity. each broker shall record with the Commission the type of business form under which the broker is doing business. An agent intending to work with a seller shall provide a written disclosure to such seller that shall contain all of the following EXCEPT: - a statement that the broker will act as a dual agent A fact which negatively affects the value of a property is a/an.. - adverse material fact. A person with wh...

Arizona broker price opinions (BPOs) are perfectly legal if all of the following apply EXCEPT an Arizona real estate broker must provide the opinion. What maximum dollar amount can a subdivider/developer accept for a lot reservation? $5,000 If the holder of a judgment against a real estate licensee is going to file a claim against the Real Estate Recovery Fund, the judgment holder must file the claim within _____ of obtaining the judgment. two years The grace period after a license in ...

Arizona Real Estate State Laws Questions With 100% Correct Answers | Verified | Latest Update

A person who arranges financing for the buyer of real property developer a person who constructs improvement on raw land subdivider A person who splits a single property into smaller parcels in preparation for development real estate investors a person who puts money or property into a real estate project for profit real estate attorney A person who holds a law degree and specializes in real estate; may legally broker deals Real estate counselor A person who provides services to help...

Hogan School Of Real Estate (Az2) Exam With 100% Correct And Verified Answers 2024 Subdivision - Correct Answer-land divided into 6 or more lots, parcels or fractional interests for sale or lease Public Report (subdivision disclosure report) - Correct Answer-Allows the purchaser to make informed decisions regarding the property Subdivider must submit application to the RE Commissioner - Correct Answer-must include: 1. Name, address of owner and subdivider 2. Leins and condition of titl...