Laws governing sales - Study guides, Class notes & Summaries
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PSI National Exam for Real Estate Exam Questions and Answers
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PSI National Exam for Real Estate 
Exam Questions and Answers 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called - Answer-a contract 
Antitrust laws prohibit competing brokers from all of the following - Answer-1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probably be shared by ...
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National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024
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National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 
National PSI EXAM PRACTICE TEST 
Answered 100% Correctly| Latest 2024 
Real Estate law governing advertising applies to all of these EXCEPT: 
A. In house notes for showing 
B. Multiple listing service (MLS) 
C. communications with consumers 
D. Social Media 
A. In-house notes for showing are not seen by consumers an so do not have to 
follow state or federal laws. 
A couple accompanies a property inspector during an inspecti...
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PSI National Exam for Real Estate Exam Questions and Answers
- Exam (elaborations) • 56 pages • 2024
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PSI National Exam for Real Estate Exam 
Questions and Answers 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called - Answer- a contract 
Antitrust laws prohibit competing brokers from all of the following - Answer- 1. 
boycotting other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probably be shared b...
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FACHE WK 1 Governance and Organizational Structure Questions With Complete Solutions
- Exam (elaborations) • 16 pages • 2023
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The voting rights of "Ex Officio" members is determined by: 
a) The CEO 
b) The Board Chair 
c) The By-laws 
d) The Governance Committee correct answer: C 
 
Which of the following is not a reason for sanctions to be brought against members of a governing board? 
a) Unreasonable compensation 
b) Revenue based compensation 
c) Participation in bargain sales 
d) Assumption of management verses governance role correct answer: D 
 
The most effective number of members of a Board of Directors is...
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CERTIFIED NJ QPA STUDY GUIDE & REVISION SUMMARY TUTOR VERIFIED
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CERTIFIED NJ QPA STUDY GUIDE & REVISION SUMMARY TUTOR VERIFIED 
Dillion's Rule (1868) 
states that local governments do not have any inherent sovereignty and instead must be authorized by state governments that can create or abolish them 
Cooley Doctrine 
Local government is a matter of absolute right and the state may not take it away. 
Forms of NJ Municipal Government 
Boroughs, Commissions, Municipal Mgr, Town, Township, Village, and Cities. Optional Faulkner Act. 
What is 'common rule'? ...
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TN Timeshare Exam Questions and Answers 100% Pass
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TN Timeshare Exam Questions and 
Answers 100% Pass 
What can be a timeshare? - Correct Answer ️️ -Anything unless prohibited by another 
document or regulation. 
What is a project instrument? - Correct Answer ️️ -All documents associated with a 
timeshare. 
What is the Tennessee Real Estate Commission (TREC)? - Correct Answer ️️ -The 
judicial body of the real estate industry in Tennessee 
Following discriminatory practices, you should make a complaint within ___ days - 
Correct Answ...
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PSI Real Estate National Exam |UPDATED| #Latest
- Exam (elaborations) • 81 pages • 2024
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PSI Real Estate National Exam 
|UPDATED| #Latest 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called 
*Ans* a contract 
Antitrust laws prohibit competing brokers from all of the following *Ans* 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probably be shared by 
*Ans* all curr...
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TN Timeshare Exam Questions and Answers 100% Pass
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
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- $12.49
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TN Timeshare Exam Questions and 
Answers 100% Pass 
What can be a timeshare? - Correct Answer ️️ -Anything unless prohibited by another 
document or regulation. 
What is a project instrument? - Correct Answer ️️ -All documents associated with a 
timeshare. 
What is the Tennessee Real Estate Commission (TREC)? - Correct Answer ️️ -The 
judicial body of the real estate industry in Tennessee 
Following discriminatory practices, you should make a complaint within ___ days - 
Correct Answ...
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TN Timeshare Exam Practice Test
- Exam (elaborations) • 13 pages • 2024
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Available in package deal
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TN Timeshare Exam Practice Test 
 
What is the Tennessee Real Estate Commission? - Judicial body of real estate industry in TN 
 
Following discriminatory practice, you should make a complaint with ____ days. - 180 
 
What is a timeshare estate? - Ownership or leasehold estate in property devoted to a 
timeshare fee, tenants in common, time span ownership, interval ownership, and a time share 
lease. 
 
What is an acquisitions agent? - Licensed and attempts directly to encourage any person to 
a...
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Property Management Latest Update with Certified Solutions
- Exam (elaborations) • 26 pages • 2023
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Property Management Latest Update with Certified Solutions Cash Flow Report the single most important financial report. A financial report showing the property's net operating income minus all additional disbursements such as debt service and capital improvements and the amount remitted to the owner. 
Cash flow An item in a property's financial operating reports that represents the net operating income minus all additional disbursements such as debt service and capital improvements. Anticipate...
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