Escrow chapter 3 Study guides, Class notes & Summaries

Missouri Real Estate Exam Questions and Answers 100% Pass The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years By what title is Chapter 339 of the Missouri State Statutes also known? The license law If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker Broker Kelley took a listin...

Escrow Chapter 3 Question and answers correctly solved 2023/2024C. the lifetime of the grantee. - correct answer A life estate is a title given for: A. the lifetime of the broker. B. the lifetime of the grantor. C. the lifetime of the grantee. D. the lifetime of the escrow officer. D. both approaches shown - correct answer An escrow officer must be: A. strictly impartial. B. neither of the approaches shown C. sensitive to clients' needs. D. both approaches shown A. prior t...

Escrow Chapter 3 quiz

Escrow Chapter 3

Escrow Chapter 3

Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!! Permanent abatement options include... - Paint removal, component removal, enclosure, encapsulation Lead Inspector - A certified individual who conducts a surface-by-surface investigation to determine the presence of lead-based paint. Lead-based paint - 1 mg/cm2 5000micrograms/g = 5000ppm .5% by weight What is lead based paint? - any surface coating containing at least 1 miligram per square centimeter of lead...

Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass RE Salesperson License requirements? 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesp...

licensee who is affiliated with a broker in charge or a property manager in charge Associated Licensee A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct real estate transactions. branch office a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation Broker Broker who is designed as...

Chapter 17 Iowa Law Questions with Verified Solutions It is legal, in the case of a large earnest money deposit, for the money to be put into an approved trust account with the interest being paid to the buyer. True False t Which of the following is not required to have an active real estate license? A property manager A person who sells only his neighbors properties A person who sells time shares A support person of a licensee who only works open houses. A person who sells time shares Af...

Broker o :## Individual licensed to charge the public for real estate services Broker-Salesperson o :## Fully qualified broker who remains under another broker's services Bureau of Subdivided Land Sales Control o :## State agency that approves and registers some out-of- state property Continuing education o :## Classes required for license renewal Guaranty Fund o :## Reimburses people defrauded or badly served by licensees in real estate transactions New Jersey real estate commission ...