Real estate realty - Study guides, Class notes & Summaries
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CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/| latest update 2024/25|
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CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND 
ANSWERS, 100% ACCURATE, GRADED A+/ 
Which of the following must have a real estate license in Colorado? 
A. An on-site manager of an apartment building performing the customary duties of an on-site manager. 
B. A regularly salaried, on-site manager of a condo complex employed by a homeowner association, who 
also shows and sells units in the complex, for individual owners. 
C. A real estate broker licensed in another state that receives a s...
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Champions Real Estate Exam: Law of Agency Latest Update 100% Pass
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Champions Real Estate Exam: Law of 
Agency Latest Update 100% Pass 
 
This person hires an agent The Principal 
 
The agent works on behalf of this person the client (principal) 
 
This type of agency allows for the greatest range of authority Universal 
 
This is provided to the agent when there is written documentation that the agency relationship 
exists. Express authority 
 
This is the most limited of all the agency relationships Special agency 
 
This type of agency is created when a 3rd p...
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California Real Estate Principles - Questions and Answers
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(1) 1. The Real Estate Law is found in the 
 
a. Licensing Code 
b. Business and Professions Code 
c. Health and Safety Code 
d. Corporations Code - answer-Business and Professions Code 
 
(1) 2. The Real Estate Commissioner reports to the 
 
a. California Bureau of Real Estate 
b. governor 
c. Real Estate Advisory Commission 
d. legislature - answer-governor 
 
(1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, Inc., and broker Barbara Rollo owns the remaining shares. ...
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Indiana State Practice Exam Missed Questions and answers
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Indiana broker Ralph hasn't been the most trustworthy real estate agent, and a hearing before the Real Estate Commission found him guilty of several license law violations. Among other things, he's assessed a civil penalty of $3,000. Ralph refuses to pay, even though he has plenty of money to cover it. What's NOT true about this situation? 
 
The amount of the civil penalty will increase by 2.5% monthly until it's paid. 
 
The civil penalty covers at least three separate violations. 
 
The c...
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PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+)
- Exam (elaborations) • 50 pages • 2024
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PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) 
PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) 
 
The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 
2.) Michigan License Act 152 of 1979. 
3.) Administrative Rules for Michigan Licensing. 
4.) Michigan Code of Ethics. 
 
Which of the following persons would NOT need a real estate lic...
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California Real Estate Principles - Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 125 pages • 2024
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(1) 1. The Real Estate Law is found in the 
a. Licensing Code 
b. Business and Professions Code 
c. Health and Safety Code 
d. Corporations Code 
: Business and Professions Code 
(1) 2. The Real Estate Commissioner reports to the 
a. California Bureau of Real Estate 
b. governor 
c. Real Estate Advisory Commission 
d. legislature 
: governor 
(1) 3. Salesperson Sam owns 25% of the outstanding shares of Rollo Realty, Inc., and 
broker Barbara Rollo owns the remaining shares. This division of o...
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Section 2 Real Estate Law and Licensure Qualifications, Azure Tide Realty Exam Questions and Complete Solutions Graded A+
- Exam (elaborations) • 4 pages • 2024
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Section 2 Real Estate Law and Licensure Qualifications, Azure Tide Realty Exam Questions and Complete Solutions Graded A+
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CODE OF ETHICS AND RESPONSIBILITES 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED
- Exam (elaborations) • 17 pages • 2024
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1. The power to adopt the Code of Ethics and Responsibilities, under the RESA law, shall be under the: 
A. Professional Regulatory Commission 
B. Professional Regulation Commission 
C. Accredited and Integrated Professional Organization 
D. Professional Regulatory Board of Real Estate Service - CORRECT ANSWER Professional Regulatory Board of Real Estate Service 
Note: The keyword is "adopt': The powers to prescribe and issue the code of ethics is 
vested on the AIPO. 
 
2. The following...
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North Dakota Real Estate Exam (State Test) Questions and Answers Already Passed
- Exam (elaborations) • 17 pages • 2024
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North Dakota Real Estate Exam (State 
Test) Questions and Answers Already 
 
Passed 
 
The Real Estate Commission consists of how many members? 5 
 
How many of the commissions members must be active brokers 3 
 
The governor appoints a commissions member for a term of how many years? 5 
 
Terms must be staggered so the term of one member expires each year (T/F) True 
 
The commission may submit a report to the governor and secretary of state how often? 
Biennial 
 
The commission shall maintain...
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West Virginia Real Estate Final Exam Practice Test and Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 62 pages • 2024
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The purpose of the West Virginia License Act is to 
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limit competition in the real estate industry. 
protect the public in real estate transactions. 
regulate the limit for brokerage compensation. 
impose license fees to generate income. - protect the public in real estate transactions. 
Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he 
decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license status w...
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