Exam (elaborations)
Colibri Real Estate Final Exam (KY) 1 questions and answers.
- Course
- Institution
Colibri Real Estate Final Exam (KY) 1 questions and answers.
[Show more]
Content preview
Colibri Real Estate Final Exam (KY) 1questions and answers.
BrokeroJoyojustosignedoaolistingoagreementowithoaoseller.oWhenoshouldoJoyoscheduleoanoo
fficeotour?o-ocorrectoanswer.ooooWithinoaoweekoafterotheolistingoisotaken
WhatoisoNOTorequiredobetweenotwoopartiesoasoitorelatesotootheoviolationoofo"mutualoassent
"?o-ocorrectoanswer.ooooWrittenocontacts
Titleoinsuranceoprotectsomoreoagainsto_______.o-ocorrectoanswer.ooooPastoevents
Whoohasotheomostoliabilityoinoaofiduciaryorelationshipodisputeooveroaorealoestateotransactio
n?o-ocorrectoanswer.ooooPrincipalobroker
Whooisorequiredotoobeotheotrusteeoforoaobrokerageotrustoaccountofund?o-
ocorrectoanswer.ooooPrincipalobroker
Accordingotooarticleo2,owhichoofotheofollowingostatementsoareoTRUE?o-
ocorrectoanswer.ooooREALTORS®omustodiscloseoalloknownomaterialofactsobutoareonotooblig
atedotoodiscoverolatentodefectsoinotheoproperty.
VickyowasoposingoasoaocustomeroofoEstablishmentoRealty.oHowever,osheowasoreallyothere
otooseeoifoEstablishmentoRealtyowasofollowingofairohousingolaws.oVickyowasoao_______.o-
ocorrectoanswer.ooooTester
Whatoisophysicallyoandofinanciallyofeasible,olegal,oandotheomostoproductiveoforoaoproperty?
o-ocorrectoanswer.ooooItsohighestoandobestouse
Aopartyowithoalloownershiporightsoinoaopropertyoisosaidotooholdo______.o-
ocorrectoanswer.oooolegalotitle
Whatoisotheonameoofotheoactoofomixingopersonalofundsowithoclientofundsoinoaotrustofundoacc
ount?o-ocorrectoanswer.ooooCommingling
, Whatotypeoofoagencyocannotobeorevokedobyotheoprincipal,onoroisoterminatedoifotheoprincipa
lodies?o-ocorrectoanswer.ooooAgencyocoupledowithoanointerest
Whichonationalogroupohasotriedotoostoporealoestateolicenseesofromohandlingoanyocontacts?
o-ocorrectoanswer.ooooAmericanoBaroAssociation
Withoutolegalocapacityoandomutualoconsentoinoplace,ocourtsomayolikelyodoowhatotootheoexi
stingocontractsooroagencyorelationships?o-
ocorrectoanswer.ooooVoidothem,oRescindothem,oCancelothem
Anoexclusiveolistingoagreementomayocontaino_______.o-
ocorrectoanswer.ooooListingotermsoofolessothanooneoyear
Whicholandomeasurementosystemousesotheophysicalofeaturesoofolandotheomostotooidentifyo
it?o-ocorrectoanswer.ooooMetesoandobounds
WhooisomostooftenotheomainoclosingoagentoinoKentuckyopurchaseodeals?o-
ocorrectoanswer.ooooTitleoofficer
Whenomustooffersobeopresentedobyoanoagentotootheoseller?o-
ocorrectoanswer.ooooInoaotimelyomanner
UnderotheoRectangularosurveyosystem,owhichodirectionodootheobaseolinesorunoonoaomap?o
-ocorrectoanswer.ooooeastotoowest
WhenomustoaoREALTORodiscloseoaopersonalointerestoinoaopropertyowhenobuyingoorosellin
g?o-
ocorrectoanswer.ooooAoREALTORoisorequiredotoodiscloseoanyopersonalointeresto(theirs,oimm
ediateofamily,oorobusinessoentityotheyoareopartoof)oinoanyopropertyowhenobuyingooroselling
Whoocanobeoaoclientoinoaorealoestateotransaction?o-
ocorrectoanswer.ooooCorporation,olimitedopartnership,oagentsofamilyomembers
WhatoareotheothreeomajorosectionsoofotheoNARocodeoofoethics?o-
ocorrectoanswer.ooooDutiesotootheoclientoandocustomers,oDutiesotootheopublic,oDutiesotooRE
ALTORS
Whatoisotheosellersomainoconsiderationothatoisoofferedotootheobuyeroinoaopurchaseodeal?o-
ocorrectoanswer.ooooTheofutureotransferoofomarketableotitle
Whoocanotrainoofficeostaffoatoaobrokerageofirmoinoweeklyomeetings?o-
ocorrectoanswer.ooooPrincipaloBroker
AssociateoBroker
OutsideoSocialoMediaoMarketers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller techgrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75282 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 15 years now