Real estate broker test - Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? The tenant remo...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Real Estate Broker Certification Test () | Questions & Answers (100% Correct) Broker - ANSWER - A person who holds a valid broker license issued by the commission to practice real estate Buyer's Market - ANSWER - A situation in the housing market where there...

Nevada Real Estate State Questions and Answers Rated A+ Nevada BROKER salesperson/BROKER education - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when taken at the same time...

ASREB State Test B-1 Questions and Answers 100% Pass A broker goes on a cruise for ten days. Who can be left in charge? Any unlicensed employee Any real estate licensee employed by the broker Only a real estate salesperson Any corporate officers Any real estate licensee employed by the broker A broker prepares documents at a cost of $35. Which of the following is true? The broker cannot charge for the service The broker may charge if the parties agree The broker may charge if it ...

BOB HOGUE - PRE LIC-TEST | 376 ACTUAL QUESTIONS AND ANSWERS VERIFIED BY EXPERT | UPDATED Which statement concerning broker's price opinions (BPOs) is TRUE? A) The payment for a BPO must be paid to the broker and not directly to the sales associate who prepared the BPO. B) A broker's license is required to conduct a BPO. C) A BPO is also referred to as an appraisal of real property. D) All BPOs must conform to Uniform Standards of Professional Appraisal Practice (USPAP). - Which docu...

Real Estate Gold Coast test 2023 |UPDATED 2024!!! Prorating Rent paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. in a federally related transation ...

The _____ is required to ascertain that Brokers are aware of all of their responsibilities. - Correct Answer-Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. - Correct Answer-Broker Responsibility MCE Who Must Take The Broker Responsibility MCE...

PA Real Estate Exam - Test Questions from Temple Course, With 100% Correct Answers PA Real Estate Exam - Test Questions from Temple Course, With 100% Correct Answers In Pennsylvania, a salesperson may advertise a property for sale on the Internet only if the salesperson A)personally listed the property. B)is a member of the local real estate association. C)personally pays for the advertisement. D)uses the employing broker's name in the advertisement. - ANSWER-D) The answer is USES ...