Kansas real est Study guides, Class notes & Summaries

Arkansas Real Estate Exam With 100% Correct Answers 2023

Arkansas Real Estate License Law Verified Answers A property management agreement is a written contract between the owner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board selected? Appointed by the governor The answer is appointed by the governor. The members of the board are appointed by the governor and app...

In deciding on whether to make a residential home loan, a lender would normally consider the borrower's - Answer- debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What was the amount for the discount points? - Answer- $1,600 A buyer is inquiring as to what the principal and interest payment will be on a property that is being purchased. Where would be the best place for the buyer to obtain t...

Arkansas Real Estate State Exam Prep Graded A+ Commission meetings: a. Are whenever possible b. Are on the first Monday following the second Tuesday of every month c. Can be called by a majority d. Are twice a year at a time designated by the commission ️C. Can be called by a majority Meetings of the commission are held: a. At the commission's office b. At the board room c. In private d. At a public facility ️A. At the commission's office An appearance before the comm...

Which of the following is a closing custom in KS - Answer- Buyers and sellers split the closing fee KREC recently updated the Real Estate Brokerage Relationship brochure in order to - Answer- Better clarify how designated agency works What is the most important reason for licensees to review the most recent version of the Kansas Real Estate license Law Book - Answer- It helps them stay up-to-date on any license law changes What are the four external forces that may affect value - Answer...

Arkansas Real Estate Exam State Portion 2024 When are Meeting of the Commission held and where? ️The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? ️Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concisely stated with sufficient details. When are you restricted from appearing before the Commission? ️A person may not appear before the Com...

Arkansas Real Estate Exam questions and answers 100% guaranteed success. principal broker - correct answer. an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license - correct answer. Delivery of a lease application or lease. Receiving a lease or lease ap...

ARKANSAS REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS/ VERIFIED. principal broker - -an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license - -Delivery of a lease application or lease. Receiving a lease or lease application for delivery to the principal broker, real estate...

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 - 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 his assurance of title? A. Special B. Quitclaim C. General warranty D. Permanent...

When are Meeting of the Commission held and where? - The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? - Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concisely stated with sufficient details. When are you restricted from appearing before the Commission? - A person may not appear before the Commission in connection with any matter pending before th...