2024 real estate law exam - Study guides, Class notes & Summaries

NYS Real Estate Exam 2024 Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. - Answer ️️ -Insurance Premiums What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent - Answer ️️ -special agent what...

PVL3701 - Law Of Property PVL3701 EXAM PACK 2024 MCQ 1. Indicate the correct option. Which one of the following things can be regarded as a res nullius? (1) a domesticated tiger living in his owner‟s house (2) an impala roaming in the bushes (3) a Persian cat lying on the neighbor‟s patio (4) a springbok kept on a private game farm for hunting purposes ANSWER: Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are wild by natu...

RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct QUESTION Errors and Omissions Insurance? Answer: real estate equivalent of malpractice coverage QUESTION Comprehensive General Liability Insurance? Answer: - broad coverage for claims against injury/damage - civil liability (a fall) - any damages or injuries - legal defense costs - does not cover issues related to real estate transactions QUESTION Voluntary Broker Resoluti...

Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024 ____ leases have "automatic renewal" clauses, stating that the lease will automatically renew with the same terms unless one of the parties notifies the other party in writing within a specified number of days before the termination of the lease. all most few none - answermost Phillip advised his clients they needed to paint their master bedroom before showing the property. The walls of this room were...

Real Estate U Final Exam Questions And Answers 2023/2024 Real Estate U Final Exam Questions And Answers 2023/2024 Article 12 A NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor Broker that holds salesperson license Summary of Submission Paper you get after registering for NYS test. Bring to tes with you Misedemanor Crime with no more than 1 year prison or $1,000 fine Listing Agreement Agreement between salesperso...

Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions Because the United States started as an English colony, our legal system is a mix of common law and civil law Which of the following is not one of the four main sources of law? Contract law Based on the two broad categories of law, which one covers typical cases involving contracts and property ownership? Civil law The California _________ is the highest court level and all courts in California are bound by it...

Real Estate U Final Exam Study Guide|Q&A, 100% verified| Latest 20232024|Helps you Ace your RE U Final Exam Real Estate U Final Exam Study Guide| Q&A, 100% verified| Latest 20232024|Helps you Ace your RE U Final Exam Article 12-A of the NYS Real Property Law The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be ...

NV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% Correct After the collection of the advance fee, when should it be itemized and accounted for? - ANSWER-3 months What must one have in order to collect an advance fee? - ANSWER-A real estate license. How many days for broker to refund buyers on land purc...