Condominium - 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...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - ANSWERSDoctrine Of Reasonable Expectation What Is A Hazard? - ANSWERSAn Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - ANSWERSTransfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums 2024 Questions and Solutions Title - Answer -Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer -What is the definition of a 'Condominium Corporation'? The condominium board - Answer -Who est...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions & Answers(rated A+) Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who e...

Community Association - Answer- Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association - Answer- Provide for the community, business, and governance aspects of the association Basic types of community association - Answer- Planned communities, condominium, and cooperatives Planned community - Answer- HOA, owner association Condominium - Answer- Owner of his/her unit Cooperative - Answer- Owns stock/holds lease Types of community...

Which of the following Requires a real estate License? A. Sale of 20 lots in a subdivision by an employee. B. Three Week rental of condominium. C. Sale of time share units. D. Sale of more than 20 personally owned properties. - C. Sale of time -share units The New Mexico Real Estate Commission may not impose A. licensing Requirements. B. penalties for Code of Ethics violations. C. disciplinary penalties. D. a recovery fund assessment. - B. penalties for Code of Ethics The responsibilit...

Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...

Real Estate Principles Final Exam Colibri Questions and Answers 100% Pass Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? - Answer- Mold Disclosure Required Lead-based Paint Disclosure Required Natural Hazards Disclosure Required Radon Detection Test Disclosure - NOT REQUIRED IN CA Escrow ...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Title Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. What is the definition of a 'Condominium Corporation'? The condominium board Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents live harmon...