RELE Bundled Exam package deal Questions and CORRECT Answers

RELE 1324 Final Review UPDATED Exam Questions and CORRECT Answers Section 8 penalties include a year in jail and a fine of - Correct Answer- $10,000 RESPA prohibits - Correct Answer- Kickbacks To disclose business relationships between closing service providers and other third parties to the ...

RELE 2201 Final Review UPDATED Exam Questions and CORRECT Answers A seller listed her home with XYZ Brokerage. A buyer went to ABC Realty and the broker agreed to help her find a home. The buyer's broker found the XYZ listing in MLS and showed it to the buyer who wrote an offer. MLS offered ...

RELE 1219 Final UPDATED Exam Questions and CORRECT Answers One of the best ways to assure a good title to property that is being transferred to another is to - Correct Answer- Purchase an owners title insurance policy The underlying purpose of the real estate settlement procedures act is to - ...

RELE 1311 Final UPDATED Exam Questions and CORRECT Answers An example of a general agency relationship would be one that exists between the - Correct Answer- sales associates and the broker. Special agency occurs when - Correct Answer- the principals give an agent a limited authority to act ...

RRELE 1211 Final Review UPDATED Exam Questions and CORRECT Answers What is NOT one of the main contingencies in a TREC contract - Correct Answer- Price What happens if the events or occurrences set forth in the contingency will NOT come to pass and cannot be corrected - Correct Answer- The buy...

RELE 1311 MIDTERM UPDATED Exam Questions and CORRECT Answers What are the essential elements of a valid contract? - Correct Answer- - the mutual assent of the parties shown by offer and acceptance - consideration - capacity of the parties - legality - sometimes a writing What is the purp...