Broker topics - Study guides, Class notes & Summaries

Fl Real Estate Laws Graded A+ The Real Estate License Law 1. Protect consumers from loss because of dishonest and incompetent real estate sales associates 2. Protect the good standing of ethical associates from the adverse publicity caused by unprincipled licensees Florida Real Estate Commission (FREC) consists of seven members appointed by the governor and confirmed by the state Senate. The Commission is composed of four real estate brokers (actively licensed for five of the prece...

Series 79 Practice Exam 1The role of the specialists (Designated Market Maker) is most closely associated with - correct answer NYSE The NYSE relies on specialists (also referred to as designated market makers) to match buyers and sellers. market makers facilitate trades on the Nasdaq and OTCBB What is a selected dealer agreement and what are the roles of the participants - correct answer A selected dealer agreement specifies the terms between the managing underwriter and selling group mem...

The Board Of Realty Regulation Consists of how many members and how are the members appointed? - answer-7 members and are appointed by the governor What are the Civil and Criminal Penalties for those engaging in real estate without a license? - answer-Guilty of a misdemeanor First Offense will be fined b/t $100-$500 or imprisoned for 90 days or BOTH Subsequent Offense will be fined b/t $500-$2,000 or imprisoned for 6 months or BOTH What is the Real Estate Recovery Account? - answer--Wit...

Which of these is true regarding the exchange of consideration among parties involved in an insurance contract - Can be unequal Who typically makes the purchase payments in an individual annuity? - owner Death benefits from a life insurance policy are normally considered to be - exempt from federal income tax A consumer who has been recently denied insurance, credit, or employment based on an unforgivable consumer report MUST be advised as such. Which of the following does this statute ori...

Michigan Real Estate - Unit 28: Additional State Topics - Multiple Choice All Answers Correct The correct answer to the question about Michigan transfer tax is: B) Transfer tax is calculated on the sale price of the real estate being conveyed. Explanation: Transfer tax in Michigan is based on the sale price of the property being transferred. There are two types: county and state transfer tax, which are the obligation of the seller (transferor). The tax is collected by the Register of...

Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property ...

Unit 22 Arkansas Licensing Overview Arkansas Real Estate Commission (AREC) The agency that regulates the RE practice and brokerage in Ar. It assists in protecting the health, safety, and welfare of the public and to require minumum standards or competence and conduct by those licensees representing or working with the public in RE matters. The licensing division Reviews applications of individuals applying to take the Ar RE exam, issues licenses to persons who enter the profession, a...

IL Real Estate Law Graded A Transfer of Crops ️Transferred on March 1 regardless of when the farm is sold. If crops are not yet harvested, then a date is specified in the contract. Buyer assumes FULL tax payment for the current year. Real Estate License Act of 2000 ️Governs real estate law in IL. Run by IDFPR. Duty of Accounting ️All contract copies must be delivered within 24 hours to every signer. Conversions and commingling escrow accounts is forbidden. Duty of Confidentia...

Roles in Social Work Exam Questions with Answers Broker - Answer-link individuals and groups who need help with community services. Advocate - Answer-provide leadership for collecting information, for arguing the correctness or the client's needs and requests, and for challenging the institutions decision not to provide services. Activist - Answer-see institutional change - using strategies like conflict, confrontation, and negotiation Mediator - Answer-intervening in disputes betwee...

Commissioners - A member of a state regulatory Real estate commission, board, or division. Continuing Education - A requirement for licensees to complete a specifies number of educational offerings as a prerequisite to license renewal or reinstatement. After completing the pre-licensing course and successfully passing the State exam, which of the following will keep someone from having to take the test again? - Get the license within 90 days from the successful test date. An associate brok...