2 broker - Study guides, Class notes & Summaries
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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PSI REAL ESTATE SALESPERSON PRACTICE EXAM CORRECT 100%
- Exam (elaborations) • 16 pages • 2023
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A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 
 
1. an exclusive agency listing. 
2. an exclusive right to sell listing. 
3. a net listing. 
4. an advance fee listing. - ANSWER an exclusive agency listing 
 
What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 
1. Difficulty of finding competent ins...
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New York real estate exam 2024
- Exam (elaborations) • 9 pages • 2024
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New York real estate exam 2024 
The name of the statue that protects the public from unscrupulous salespersons and brokers is - 
Answer ️️ -Article 12 of the real property law 
A real esate brokers license term is - Answer ️️ -2 years 
To become a real estate salesperson in new york one must - Answer ️️ -Find a sponsoring 
broker 
The end of a license term for a real estate person is - Answer ️️ -2 years from issue date 
If a brokers license is revoked the salespersons license - ...
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NY Real Estate Exam questions and answers latest top score.
- Exam (elaborations) • 17 pages • 2024
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According to the New York State real property law, a real estate salespersons license is issued for a term of how many years? - ans 2 years 
 
2. What type of residential real property transfer would require a property condition disclosure statement? - ans Newly constructed property that has not been previously inhabited 
 
3. What happens to the licenses of salesperson's if they're sponsoring broker's license is revoked or suspended? - ans They are suspended 
 
4. A listing broke...
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Alberta Real Estate Fundamentals questions and 100 % correct answers 2024
- Exam (elaborations) • 6 pages • 2024
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Alberta Real Estate Fundamentals questions and 100 % correct answers 2024 
Real Estate 
The land and fixed improvements to the land 
Classes of License 
1. Associate 
2. Associate Broker 
3. Broker 
4 Areas of Practice 
1. Residential 
2. Commercial 
3. Rural 
4. Property Management 
Mobile homes fall under the same category as recreational properties 
False 
Industrial Properties
And that's how you make extra money
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Gold Coast Real Estate Exam with Verified Answers
- Exam (elaborations) • 11 pages • 2023
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Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made 
 
Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate 
 
Broker associate - Answer- A licensed broker working for another broker 
 
False - Answer- A florida real estate license applicant must be a resident a...
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SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Questions and Answers Already Passed
- Exam (elaborations) • 59 pages • 2024
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SAFE Mortgage Loan Originator Test - 
National Component with Uniform State 
Content Questions and Answers Already 
 
Passed 
 
What does UST stand for? Uniform State Test 
 
Who does the CFPB protect? The Consumer Financial Protection Bureau protects consumers 
in the financial marketplace. 
 
What does the CFPB do? CFPB is now in charge of implementing and enforcing most of the 
provisions of federal lending laws that relate to protecting consumers while they are shopping 
for, securing, and p...
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Louisiana Real Estate - State Portion License Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 16 pages • 2024
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Primary Purpose of Louisiana License Law is to - Protect the public 
The LA Real Estate Commission consists of - 11 (eleven) members 
To confirm commission appointments, the Governor must submit names to - The Senate 
Real Estate Commission members serve - 6 (six) year terms 
Members of The LA Real Estate Commission must be - Qualified electors of the State of LA 
Citizens of the State of LA 
In business as a Broker for at least 5 years 
How many members of the commission constitute a Quorum? - ...
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Maryland Property & Casualty Insurance Practice | 80 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 8 pages • 2023
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A broker requests a hearing with the Commissioner. Within how many days of the request must the 
hearing be held? - 30 
Collision coverage extends to rented passenger vehicles that have been rented for - No more than 30 
days. 
Every vehicle insurance policy issued and delivered in Maryland must provide coverage for medical, 
hospital and disability benefits, unless - Waived by the first named insured. 
When an insurer desires to cancel or non-renew a property insurance policy, they must give ad...
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California Real Estate Principles - Questions and Answers fully solved 2023
- Exam (elaborations) • 84 pages • 2023
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California Real Estate Principles - Questions and Answers fully solved 2023 
(1) 1. The Real Estate Law is found in the 
 
a. Licensing Code 
b. Business and Professions Code 
c. Health and Safety Code 
d. Corporations Code - correct answer Business and Professions Code 
 
(1) 2. The Real Estate Commissioner reports to the 
 
a. California Bureau of Real Estate 
b. governor 
c. Real Estate Advisory Commission 
d. legislature - correct answer governor 
 
(1) 3. Salesperson Sam owns 25% of the o...
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