Broker alex - Study guides, Class notes & Summaries

Lori has a greed to transact real estate business on behalf of alex with his permission. Lori is: - Answer An Agent Ownership of REAL Property for an undetermined length of time is called: - Answer Freehold Estate what info would be unethical for a listing agent to tell the potential buyer - Answer The seller is very eager for an offer because he lost his job and found a new one in a different state a subdivision has a rule that each house be at least 2,500 square feet. this is an...

Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : - ANSWER is entitled to collect a commission. If a real estate company has agency agreements with both a seller and a buyer, and the buyer wants to make an offer on the seller's property, is this legal under Wisconsin license law? - ANSWER ...

PA National Practice Exam - Colibri Real Estate Questions and Complete Solutions Earl orally agreed to an 18-month lease with landlord Blake. Is this contract enforceable? Yes, all oral leases are enforceable. No, all leases for longer than one year must be in writing to be enforceable. Yes, all leases for longer than 6 months are enforceable. No, it is not enforceable unless Earl is older than 50 years old. - Answer: No, all leases for longer than one year must be in writing to be enforc...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Complete Solutions Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission pl...

California Real Estate Exam Questions and Answers Latest. 1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's perso...

California Real Estate Exam Questions and Answers Latest. 1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's perso...

Colibri Real Estate Practice Final Exam Questions and Complete Solutions Why is the condition of bearing walls more important than non bearing walls? - Answer: Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Answer: transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Answer: Stabilized budget A buyer told bro...

California Real Estate Exam Questions and Answers Latest. 1 of 50 - Sal bought a personal residence for $150,000. He made $150,000 of improvements during the three years he lived in it before he sold it. He sold the home for $750,000 and paid $50,000 in selling expenses, including the broker's commission. On what amount will he pay capital gains tax? $150,000 You answered incorrectly Remember that there is a $250,000 exclusion on capital gains tax for the sale of an individual's perso...

Real Estate Exam Delaware Questions and Answers Most residential real estate transfers require the seller to provide the buyer with this - Answer️️ -Seller's Disclosure of Real Property Condition Report Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex breaches the sales contract, how long does Piper have to sue Alex for breach of contract? Eight years Four years - Answer️️ -Three years Which of the following statements accurately describes the writte...

WEBCE 2-20 Practice Exam With Complete Solutions Lila, a self-employed accountant, requires emergency medical treatment after choking on a product of the Dulce Candy Company while in her office. A month later, she asks Dulce to pay her medical bills. Dulce's commercial general liability policy with medical payments coverage (Coverage C) will: - answerAs premises and operations coverage, Coverage C does not provide medical payments coverage for bodily injury that occurs away from the insur...