C net listing - Study guides, Class notes & Summaries

How often is continuing education required for Kentucky real estate salespersons? - Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - The Governor Which of the following is a violation of Kentucky license law? A) a net listin...

TEXAS SPECIFIC EXAM 02 WITH GUARANTEED CORRECT ANSWERS In which of the following situations can a licensee legally and ethically accept a net listing? A) Only when the principal understands current market values and requires a net listing. B) Anytime the seller agrees, as long as the agent earns no more than 10% of the sale proceeds. C) Whenever the sale price exceeds the owner's asking price by at 25%. D) Only when he is representing both parties of a transaction - correct answersA) O...

1. As a buyer's agent, should you advise your client to get a home inspection on the property she is buying? A. It depends. If you've looked at the home and are confident that it is in great shape, then there is no need for an inspection. B. No. House inspections are not worthwhile. C. Yes. A qualified home inspector may spot defects not previously noted. D. No. The client is buying FHA, and FHA does an inspection before approving the loan. - ANSWER C 2. A borrower must pay $5,600 for ...

Discrimination on the basis of any of the following could be constructed as violations of fair housing laws EXCEPT for discrimination based on a. Ethnic considerations b. Sexual considerations c. Economic considerations d. Religious considerations - C The amount of a loan expressed as a percentage of the value of the real estate offered as collateral is the a. Amortization ratio b. Loan to value ratio c. Debt to equity ratio d. Capital use ration - B A listing contract in which the br...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 While listing the property with you, the seller asks "Who sets real estate commission rates?" The correct response would be: a. The standard rate is set by TREC. b. The standard commission rate is set state law. c. Long ago, the industry agreed on a set rate, and that is pretty much how it is today. However, I can cut the standard rate and make you a deal. d. There is no standard rate. Different brokers charge different fe...

Texas Specific Exam 02 Question and answers rated A+In which of the following situations can a licensee legally and ethically accept a net listing? A) Only when the principal understands current market values and requires a net listing. B) Anytime the seller agrees, as long as the agent earns no more than 10% of the sale proceeds. C) Whenever the sale price exceeds the owner's asking price by at 25%. D) Only when he is representing both parties of a transaction - correct answer A) Only ...

To be enforceable, which element is required in an exclusive right-to-sell listing? a. Consideration b. Writing c. Lawful purpose d. All of these -:- d. All of these Which of the following listings does NOT require the agent to use diligence to locate a buyer? a. Exclusive agency b. Open c. Exclusive right-to-sell d. Net -:- b. Open 2 0 2 4 / 2 0 2 5 | © copyright | This work may not be copied for profit gain | Excel! 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 Owner...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 While listing the property with you, the seller asks "Who sets real estate commission rates?" The correct response would be: a. The standard rate is set by TREC. b. The standard commission rate is set state law. c. Long ago, the industry agreed on a set rate, and that is pretty much how it is today. However, I can cut the standard rate and make you a deal. d. There is no standard rate. Different brokers charge different fe...

When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase price c. acknowledged d. be free of all liens c. acknowledged An exclusive agency ...