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Exam (elaborations)

Guam State correctly answered graded A+ 2023

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Guam State correctly answered graded A+ 2023How many members and term for the RE Commission? 7 members/4 years Real Estate Commission Functions 1. Adopt Rules and Regulations relating to administration 2. Make recommendations and suggestions of policy to the commissioner as the commissions deems beneficial and proper for the welfare and progress or the real licensees and of the pu lic and of the real estate business on Guam. 3. Adopt a seal, which may be either engraved or in stamp Members of the Real Estate Commission 7 total (4 real estate brokers active for 5 years, 1 licensed attorney, 1 chosen from the public, 1 classified employee of Dep. of Rev. & Tax in R.E. Licensing Division) What is the composition and terms of the Board of Equalization 5 member/4yr term Functions of the Board of Equalization 1. Inspect tax rolls, 2. Ensure equality in assessment, and 3. Correct inequalities found in tax assessment Where do you go to appeal the appraised value of your property for tax assessment? Board of Equalization Who is responsible for subdivision approvals, zone changes, conditional uses and variances from land use laws and regulations as well as sea shore reserve and wetland permits? Guam Land Use Commission (GLUC) What is the composition and term for GLUC? 5 members/5 years Where is GLUC located? Land Management Which agency is responsible for all issues related to Zoning? GLUC How is the the GLUC formed? Members appointed by the governor of Guam Who performs the GLUC's technical review process? The Application Review Committee (ARC) What is the compostion of the ARC? Representatives from each of the following agencies: Dep. of Land Mgmt., Burea of Statistics and Planning, DPW, Guam EPA, Dept. of Agriculture, GWA, DPR, and GPA.

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