Real Estate U Full Course Exams Bundle Graded A+ 2024.

Salesperson's Sponsoring Broker Answer - a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent Answer - An agent with full authority over one property of the principle. EX: Property Manager. Supply Answer - Te amount of goods offered for ...

John is a licensed real estate broker in NC who is managing an apartment complex. He wants to run a promotion to help attract new tenants. Which of the following would NOT be allowed? - Answer A free month's rent given to any current tenants who recommend a friend that signs a one-year lease R...

The Department of State - Answer - Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - Answer Outlines the roles/duties of the Department of State ...

A. Not having a college diploma B. Being a convicted sex offender C. Not being able to read or write D. Not having any work experience in the field of real estate - Answer B. Being a convicted sex offender To mingle or mix funds is known as what...? A. Commingling B. Blending C. Sponsor...

According to an agent's fiduciary duties, the agent must not change or modify the financial terms of a deal. Which of the following fiduciary duties best reflects this...? A. Obedience B. Reasonable Care C. Accountability D. Loyalty - Answer C. Accountability A situation in which one par...

As an independent contractor, which of the following must exist between the salesperson and a specific broker...? A. Implied contract B. Explicit agreement C. Handshake agreement D. Written contract - Answer D. Written contract When a buyer's broker agrees to the cooperative arrangement ...

Article 12 A - Answer NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor - Answer Broker that holds salesperson license Summary of Submission - Answer Paper you get after registering for NYS test. Bring to tes with you ...

Article 12-A of the NYS Real Property Law - Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 year...

Article 12-A of the NYS Real Property Law - Answer The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 year...

Which of the following are tax-deductible expenses resulting from home ownership? - Answer Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? - Answer A married couple ...

A .............. clause is also known as the "to have an to hold" clause? - Answer Habendum Clause A sudden and perceptible loss or addition to land by the action of water, or a sudden change in the bed or course of a stream is known as what...? - Answer Avulsion The transfer of the titl...

Accountability - Answer To be responsible. (Safeguard any money or property held on behalf of the client) Advance Consent to Dual Agency - Answer The seller or buyer agrees to dual agency before it occurs by indicating the same on the agency disclosure form Agent - Answer One who underta...

Administrative Discipline - Answer The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses Apartment Information Vendor - Answer Any person who engages in the business of claiming, demanding, charging, receiv...

Bundle of Legal Rights is property included in - Answer The definition of real property Bundle of rights concept - Answer Possession,Enjoyment,Exclusion,Disposition,control In Pennsylvania, mine activities refers to - Answer Subsurface rights Land is considered to be - Answer indest...