Kansas real estate Study guides, Class notes & Summaries

ARKANSAS REAL ESTATE EXAM 2024/ACTUAL EXAM WITH 350 QUESTIONS AND CORRECT DETAILED SOLUTIONS/ALREADY GRADED A+/NEWEST

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...

Arkansas Real Estate Exam Questions And Correct Answers

Arkansas Real Estate Broker Exam Questions and Answers Graded A+ Maximum amount due for a filing fee of a time share interval project $1,000 Time share annual renewal fee $500 A timeshare developer found guilty of a timeshare law in fraction can be fined up to imprisoned for how long $5000 and one year Real estate sales person's license expire when December 31 of each year Who is generally responsible for ensuring that the closing is handled in exact accordance with the contract Principal b...

Kansas Real Estate Test Guaranteed Success In deciding on whether to make a residential home loan, a lender would normally consider the borrower's 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? $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 pl...

What is the purpose of license law? Correct Answer To protect the public, safety, and welfare. Can an associate broker have supervisory authority? Correct Answer No Does an executive broker have to be under supervision? Correct Answer Yes To who made an executive broker exercise supervision over? Correct Answer Executive brokers and sales persons To participate in real estate auction, must the auctioneer and ringman both hold a real estate license? Correct Answer Yes Define "prin...

Arkansas Real Estate Exam Verified Answers 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 firm, or owner. Receiving...

Which of the following is a closing custom in KS - correct answerBuyers and sellers split the closing fee KREC recently updated the Real Estate Brokerage Relationship brochure in order to - correct answerBetter 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 - correct answerIt helps them stay up-to-date on any license law changes What are the four external forces that may aff...

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...

Arkansas Real Estate Exam With 100% Correct Answers 2023