Nar is a organization - Study guides, Class notes & Summaries

When may a person use the term REALTOR? A.) after becoming a member of the National Association of REALTORS B.) after closing a successful transaction C.) if his broker says it's okay D.) right away after passing the real estate license examination - Answer-A.) after becoming a member of the National Association of REALTORS Which is NOT an advantage of a career in real estate sales A.) possibility of owning your own brokerage with additional training, education, and experience B....

(DPREC) How many real estate commissioners are there and how long do they serve? - 4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have authority over? - To force a broker to c...

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 3 Physical Characteristics of Land - Answer -Indestructibility or durability Immobility Non homogeneity Mortgage Lending - Answer -business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - Answer -Residential Mortgage Lenders Originator Property Management - Answer -Management of residential and comme...

Assignment - 1. When a person transfers his interests under a contract to another. 2. When a tenant transfers his right of possession, or other interest, in leased property to another person for the remainder of the lease term. Broker - Any person, partnership, association who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - A self-employed salesperson paid on jobs complete...

45 Hour Post License Florida Exam COMPLETE SET ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS Farming - ANSWER : Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER : - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with op...

Farming Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg A residential transaction is defined as Industrial sa...

Maine Real Estate Exam An employer is responsible for direction a ( ) as to both what is to be done and how it is to be done - correct answer employee Real estate licensees are almost always ( ) with their company - correct answer independent contractors Every real estate brokerage should adopt a ( ) that identifies and describes the types of real estate brokerage relationships in which the broke and affiliated licenses may engage - correct answer written company poilicy license laws a...

Farming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business interest in 4 unit bldg - ANSWER A residential transaction is defined as Indus...

License law correct answersParticular state laws having to do with qualifications, licensing, and oversight of real estate or other professionals are known as______. These laws are passed by the state legislature Pre license education correct answersTo obtain a real estate salesperson"s license, one must furnish evidence of completion of____ which includes two commission approved courses in real estate subjects composed of not less than thirty class hours each. Broker correct answersIn or...

Brokerage Correct Answer The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following Correct Answer Day to Day operations, Maintenance and Tenant Relations RMLO Correct Answer Mortgage Brokers are known as NAR Correct Answer The largest trade organization representing real estate professionals is Value Correct Answer A fair return or equivalent in goods, services...