Affiliate broker - Study guides, Class notes & Summaries

A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. Gov't. National Mortgage Association - Ginnie Mae T...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages, ...

Tennessee Affiliate Broker Exam | 216 Questions and Answers 100% Correct | New Update 2024

An affiliate broker can legally start working with their broker when: A. They receive notification of a passing grade on license test B. The recovery fund fee is paid C. The applicant requests a hearing before the Real Estate Commission D. The affiliate broker's license has been issued. correct answer: D. The affiliate broker's license has been issued All of the following are true concerning the Tennessee Real Estate Education & Recovery Account EXCEPT: A. All affiliate brokers an...

The type of contract where a seller employs one real estate firm to find a buyer for the seller's property; yet the seller retains the right to find a buyer himself/herself and not pay a commission to the listing firm is a(an)? A. Exclusive right to sell agreement B. Exclusive agency agreement C. Opportunity listing agreement D. Opening listing agreement B. Exclusive agency agreement A listing broker is hired to perform a specific purpose. What is the correct term to describe thus t...

Broker Person or company licensed to sell buy exchange or lease real property for others and to charge a fee for those services Salesperson (affiliate broker) Employed by or associated with the broker to perform brokerage activities on behalf of the broker Appraisal Assessing a properties market value done by an appraiser Property manager Hired to manage a property on behalf of the owner Caveat emptor Buyer beware, is the law NAR (national association of r...

Affiliate Broker Test Exam Questions with 100% Correct Answers | Verified | Updated 2024

TN RE laws and regulations are primarily contained in: 1. The TN RE Broker Act of 1973 2. Rules of the TN RE CommissionUni Other laws relevant to RE licensees include: Uniform Landland and Tenant Act Horizontal Propert Act Notice of Completion Statute TN Lead-based Paint Certification Act of 1997 Hazardous Waste Mgt Act of 1983 TN Consumer Protection Act of 1977 TN Anti-trust Law Conveyances of Property Time-share Programs and Vacation Clubs Human Rights What is the pur...

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or ...

When should a licensee disclose to the parties whom their firm intends to represent in a transaction? - ANSWER Disclosure should be made verbally and in writing to all parties as soon as possible. A selling broker desires to represent a purchaser in a real estate transaction while at the same time act as a subagent of the listing broker and seller. Could the broker perform both of these functions in the same transaction? - ANSWER No, when a broker working with a buyer acts as a subagent...

A lien is an example of a/an...? - Encumbrance - Entitlement - Estoppel - Escheatment Encumbrance If a property has both a tax lien and a mortgage lien against it, which lien has priority (generally speaking)? - Tax lien - Mortgage lien - They have equal priority - Whichever lien was filed first Tax lien A lien that is not tied to a specific piece of real estate is called a...? - General lien - Non-specific lien - Statutory lien - Tax lien General lien T...