Real estate salesperson 2 - Study guides, Class notes & Summaries

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2023 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would...

NYS Real Estate Salesperson 2024 Abandonment - Answer ️️ -the surrender or release of a right, a claim or an interest in real property. absorption field - Answer ️️ -a system of narrow trenches through which the discharge from a septic tank infiltrates into the surrounding soil. abstract of title - Answer ️️ -a history of a title and the current status of a title based on a title examination abutting land - Answer ️️ -parcels of land next to each other that share a common ...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved. Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances - -C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. salesperson and the seller B. salesperson and the buyer C. sal...

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - ANSWER an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent ins...

NYS Colibri Real Estate Final Exam Questions and Complete Solutions Expressed Agency - Answer: An agency created in a written or oral agreement General Agent - Answer: One who is authorized by a principal to represent the principal in a specific range of matters Fiduciary - Answer: Person in a position of trust, held by law to high standards of good faith and loyalty Fiduciary Duties - Answer: care, obedience, accounting, loyalty, and disclosure COALD Group Boycott - Answer: An or...

TEXAS REAL ESTATE SALESPERSON STATE PREP EXAM 2 Latest 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

CALIFORNIA REAL ESTATE SALESPERSON EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS /ALREADY GRADED A+

PSI REAL ESTATE SALESPERSON EXAM 1/ RECENT VERSION 2024 ALL QUESTIONS AND ANSWERS/ BEST GRADED +

NC License Law 02 Questions and Answers Already Passed What must a real estate broker do before accepting a client’s earnest money deposit? A) Verify the client’s credit history B) Deposit the funds into a trust account C) Complete a background check on the client D) Obtain approval from the North Carolina Real Estate Commission B) Deposit the funds into a trust account What is required for a real estate licensee to legally advertise property listings? A) Obtain permission fr...