Rockwell real estate quiz - Study guides, Class notes & Summaries

Freehold Estate - Is an interest in real property that has an indeterminable (not fixed or certain) referred to as a owner Fee Simple Estate - Is the greatest estate that can exist in land, the highest and most complete form of ownership. It is potentially infinite duration and represents the whole "bundle of rights" Estate of Inheritance - An estate that can pass to the holders heirs, especially a fee simple Defensible fee estate - A fee simple estate that carries a quali...

Rockwell Ch.1 Quiz – Latest Update with Verified Answers A clause in a listing agreement states that any member of an MLS who attempts to find a buyer for a listed property is a cooperating agent, rather than an agent for the seller. This is a/an: a. unilateral offer of subagency b. offer of cooperation c. dual agency agreement d. agency by implication b. offer of cooperation Explanation: Under an offer of cooperation, other agents from an MLS are considered cooperating ...

Rockwell Quiz 2 Latest Update Graded A+ During a recession, the Fed starts a massive buying program of Treasury securities (bonds). This puts cash into the market, which the Fed hopes will encourage lending and drive down interest rates to affordable levels. These buying (or selling) actions by the Fed are called: Open Market Operations Investors can defer taxes on the profits made from the sale of real property by using a/an: Installment sale and 1031 exchange Jim estimates his ...

Ch.2 Quiz –Rockwell Exam Questions With Correct Answers 100% Verified. What information does California law require to appear in boldface type in all listing agreements? a. the statute of frauds requires the listing agreement to be in writing b. net listings are discouraged, and the broker must disclose the commission amount c. the broker will be listing the property with a multiple listing service d. the amount or rate of commission is not set by law, and must be negotiable - answerd. ...