Prelicense practice - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Prelicense practice? On this page you'll find 51 study documents about Prelicense practice.
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NJ Real Estate Exam Questions & Answers
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Title 45 - Answer New Jersey's real estate license law is known as 
 
Draw up a binding lease for a new tenant in a property the resident owns - Answer an unlicensed New Jersey resident may 
 
two years - Answer a real estate license is valid for 
 
18 - Answer according to the law, to obtain a salesperson's license one must reach the age of 
 
150 - Answer a broker must have completed how many hours of study in addition to the original salesperson's course? 
 
one year - Answer the prelicens...
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PSI Real Estate Practice Exam - Michigan (Chapter 1)
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Designated Agent - Answer- A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. 
 
Income Approach - Answer- What approach does an appraiser take primarily for an investment property? 
 
1.) "Personal Assistant" (Answer) 
2.) "Agent-Assistant" 
3.) "Proxy-Agent" 
4.) "Broker-Assignee" - Answer- Charlie is the personal assistant for the top produ...
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Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023
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Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is 
cancelled for an allowable reason, other than non-payment of premium, the insured 
must give written notice to the first named insured of at least 60 days 
A person is in the process of becoming permanently licensed as a producer. A 
temporary producers lic...
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Colibri Review Exam Questions and Complete Solutions
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Colibri Review Exam Questions and Complete Solutions 
 
Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer: 6 
 
Which of the following terms is defined herein: "Every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in Nevada or elsewhere"? - Answer: Real Estate...
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GA REAL ESTATE FINAL EXAM GRADED A+
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Anti-Trust - ANSWER-An area of law concerned with maintaining competition in private markets by prohibiting any restraint on trade. 
 
Georgia Real Estate Commission - ANSWER-Pass rules and regulations that govern real estate licensees 
 
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) - ANSWER-A federal law enacted by Congress in 1980 to create a tax on the chemical and petroleum industries and provided broad authority to respond directly to releases or threatened...
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WebCE Quizzes: General Insurance & Life Insurance Exam 2023
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Buying life or health insurance is an example of which risk management technique? 
 
risk avoidance 
risk reduction 
risk retention 
risk transfer - risk transfer 
 
What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? 
 
law of large numbers 
underwriting principle 
law of probability 
actuarial principle - law of large numbers 
 
A person who refuses to engage is risky activities like rock cli...
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BOB HOGUE SALES ASSOCIATE EXAM REVIEW Questions With Complete Solutions RatedA+
- Exam (elaborations) • 64 pages • 2024
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BOB HOGUE SALES ASSOCIATE EXAM REVIEW Questions With Complete Solutions RatedA+ 
 
the product that real estate licensees market is - correct answer...information 
 
knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business 
 
a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - correct answer...title, property taxes, financing, and local zoning ordinances 
 
to be succes...
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Real Estate Practice Exam (Missouri)2023
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Real Estate Practice Exam (Missouri)2023 
 
An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Answer: The ad is...
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Bob Hogue - Pre Lic. Test Questions Practice questions for this set Learn	1 / 7	Study with Learn B Choose matching term Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment comple
- Exam (elaborations) • 27 pages • 2024
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Bob Hogue - Pre Lic. Test Questions 
Practice questions for this set 
 
 
 
Learn	1 / 7	Study with Learn 
 
 
 
 
B 
 
 
 
 
Choose matching term 
 
 
Which property is defined as residential real estate under Chapter 475, Florida statutes? 
A) Fifty-unit apartment complex 
1	B) Neighborhood grocery store 
C)	Eight acres of agricultural property 
D)	Local elementary school 
 
 
 
Which type of title insurance policy is transferable? A) 
Vendor B) 
2	Owner C) 
Mortgagee D) 
Mortgagor 
 
 
 
 
Bob...
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West Virginia WV Real Estate Exam Practice Questions and Answers 2023
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West Virginia WV Real Estate Exam Practice 
Questions and Answers 
1. All members of the West Virginia Real Estate Commission 
must have been residents of the state for at least the 
previous .: 6 years 
2. What are the requirements necessary for a West Virginia 
salesperson li- censee to obtain a broker license: - Served an 
apprenticeship as a licensed salesperson for two years and 
experience the equivalent of a full-time license sales agent. 
 
 
- Completed ...
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