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To clearly create standards of behavior within a company, which of the following would be a good idea? - ANSWER 1) [CORRECT ANSWER] Create company manuals. 2) Provide mandatory ethics training. 3) Set up anonymous reporting system of other employee's bad behavior. 4) All of the above. A condo...
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Add to cartTo clearly create standards of behavior within a company, which of the following would be a good idea? - ANSWER 1) [CORRECT ANSWER] Create company manuals. 2) Provide mandatory ethics training. 3) Set up anonymous reporting system of other employee's bad behavior. 4) All of the above. A condo...
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
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Add to cartFHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
Farming - ANSWER one type or style of property or one particular neighborhood residential transaction - ANSWER *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or a portion of ...
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Add to cartFarming - ANSWER one type or style of property or one particular neighborhood residential transaction - ANSWER *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or a portion of ...
Under the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At least one space must be van accessible (eight feet wide with an eight-foo...
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Add to cartUnder the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces The accessible parking space should be eight feet wide for a car, with a five-foot access aisle. At least one space must be van accessible (eight feet wide with an eight-foo...
Under the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces
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Add to cartUnder the Americans with Disabilities Act, there must be at least one accessible parking space for every - ANSWER 25 spaces
Learning to complete a listing agreement is called - ANSWER Technical Knowledge Callers on classified advertising usually ask for the... - ANSWER Property Address The major reason listings expire is almost always... - ANSWER Price The percentage added to Adjustable Rate Mortgage is called t...
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Add to cartLearning to complete a listing agreement is called - ANSWER Technical Knowledge Callers on classified advertising usually ask for the... - ANSWER Property Address The major reason listings expire is almost always... - ANSWER Price The percentage added to Adjustable Rate Mortgage is called t...
residential sale is defined as: - ANSWER property with four units or fewer, unimproved residential property intended for use of four units or fewer, or agricultural property of 10 acres or fewer. three types of required residential brokerage notices - ANSWER no brokerage relationship notice si...
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Add to cartresidential sale is defined as: - ANSWER property with four units or fewer, unimproved residential property intended for use of four units or fewer, or agricultural property of 10 acres or fewer. three types of required residential brokerage notices - ANSWER no brokerage relationship notice si...
If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to comp...
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Add to cartIf an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to comp...
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party c...
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Add to cartFHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party c...
Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSW...
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Add to cartObligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSW...
T/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30 - ANSWER True T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal. - ANSWER False; 45-hour post-licensing course T/F: A sales associate in a...
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Add to cartT/F: An initial real estate license expires on the first of two dates after 18 months: March 31 or September 30 - ANSWER True T/F: A Sales associate must complete a 60-hour post-licensing course before the first renewal. - ANSWER False; 45-hour post-licensing course T/F: A sales associate in a...
Single agent must disclose single agent and broker disclosure for - ANSWER Residential properties A principal is responsible - ANSWER acts of single agent. The EPA requires contractors who disturb paint in these properties to be - ANSWER certified and follow specific work practices. Under t...
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Add to cartSingle agent must disclose single agent and broker disclosure for - ANSWER Residential properties A principal is responsible - ANSWER acts of single agent. The EPA requires contractors who disturb paint in these properties to be - ANSWER certified and follow specific work practices. Under t...
An economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. - ANSWER B) two successive quart...
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Add to cartAn economic recovery is defined as A) two successive quarterly declines in the gross domestic product. B) two successive quarterly increases in the gross domestic product. C) a period of higher housing prices. D) two successive periods of stock market gains. - ANSWER B) two successive quart...
a licensee must notify the DBPR w/in how many days after changing their employer? - ANSWER 10 days florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering no contest or guilty to a crime. the penalty resulting from a first v...
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Add to carta licensee must notify the DBPR w/in how many days after changing their employer? - ANSWER 10 days florida statues require that a licensee report to the commission within 30 days after being convicted, found guilty, or entering no contest or guilty to a crime. the penalty resulting from a first v...
Forbearance or Moratorium (to avoid foreclosure) - ANSWER waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan - ANSWER involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan - ANSWER bo...
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Add to cartForbearance or Moratorium (to avoid foreclosure) - ANSWER waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan - ANSWER involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan - ANSWER bo...
Farming - ANSWER Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property inte...
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Add to cartFarming - ANSWER Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property inte...
Which entity is NOT regulated by F.S. 475? A) Building Codes B) Real Estate licensees C) Real Estate schools D) Appraisers - ANSWER A) Building Codes Upon failing to complete the 14-hour renewal requirements prior to license expiry, a licensee may change the involuntary inactive status of t...
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Add to cartWhich entity is NOT regulated by F.S. 475? A) Building Codes B) Real Estate licensees C) Real Estate schools D) Appraisers - ANSWER A) Building Codes Upon failing to complete the 14-hour renewal requirements prior to license expiry, a licensee may change the involuntary inactive status of t...
Which entity is NOT regulated by F.S. 475? A) Building Codes B) Real Estate licensees C) Real Estate schools D) Appraisers - ANSWER A) Building Codes Upon failing to complete the 14-hour renewal requirements prior to license expiry, a licensee may change the involuntary inactive status of t...
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Add to cartWhich entity is NOT regulated by F.S. 475? A) Building Codes B) Real Estate licensees C) Real Estate schools D) Appraisers - ANSWER A) Building Codes Upon failing to complete the 14-hour renewal requirements prior to license expiry, a licensee may change the involuntary inactive status of t...
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
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Add to cartFHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party ca...
Joining a team vs. being a solo agent is an important decision for a new real estate agent. Which of the following statements is false regarding joining a team vs. being a solo agent? - ANSWER A. Joining a team vs. being a solo agent is a decision that is made by the Florida Real Estate Commission, ...
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Add to cartJoining a team vs. being a solo agent is an important decision for a new real estate agent. Which of the following statements is false regarding joining a team vs. being a solo agent? - ANSWER A. Joining a team vs. being a solo agent is a decision that is made by the Florida Real Estate Commission, ...
A residential transaction os defined in F.S. 475 as the sale of any: - ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options t...
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Add to cartA residential transaction os defined in F.S. 475 as the sale of any: - ANSWER - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options t...
agency - ANSWER The relationship of agents and their principals buyer brokerage agreement - ANSWER An agreement between a buyer and a broker for the broker to provide services to a buyer for compensation. The broker may be acting as a single agent, transaction broker, or a nonrepesentative. Co...
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Add to cartagency - ANSWER The relationship of agents and their principals buyer brokerage agreement - ANSWER An agreement between a buyer and a broker for the broker to provide services to a buyer for compensation. The broker may be acting as a single agent, transaction broker, or a nonrepesentative. Co...
A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. What is a good graphic to show a seller tha...
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Add to cartA married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. What is a good graphic to show a seller tha...
A contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or did not give free consent at the time the contract was made is said to be: - ANSWER relatively null If a court is called upon to determine the intent of the parties to a contract bas...
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Add to cartA contract that violates a rule intended for the protection of private parties, as when a party lacked capacity or did not give free consent at the time the contract was made is said to be: - ANSWER relatively null If a court is called upon to determine the intent of the parties to a contract bas...
Base Industry - ANSWER An industry that produces goods and services for export from the region. Service Industry - ANSWER An industry that produces goods or services to sell to local residents. Economic Base - ANSWER The ability of a region to export goods and services to other regions. Dem...
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Add to cartBase Industry - ANSWER An industry that produces goods and services for export from the region. Service Industry - ANSWER An industry that produces goods or services to sell to local residents. Economic Base - ANSWER The ability of a region to export goods and services to other regions. Dem...
If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to comp...
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Add to cartIf an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to comp...
Single Agent - ANSWER A broker who represents either the seller or the buyer in a real estate transaction, but not both. single agent notice - ANSWER A disclosure form informing the principal of the duties of his single agent. appraising - ANSWER The process of estimating the market value of p...
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Add to cartSingle Agent - ANSWER A broker who represents either the seller or the buyer in a real estate transaction, but not both. single agent notice - ANSWER A disclosure form informing the principal of the duties of his single agent. appraising - ANSWER The process of estimating the market value of p...
Farming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, le...
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Add to cartFarming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, le...
Which is NOT permitted under the do-not-call rules? - ANSWER Using the registry to find prospects for marketing calls Which term is found in the Junk Fax Protection Act? - ANSWER Established business relationship A sales associate must give a brokerage relationship disclosure to a customer whe...
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Add to cartWhich is NOT permitted under the do-not-call rules? - ANSWER Using the registry to find prospects for marketing calls Which term is found in the Junk Fax Protection Act? - ANSWER Established business relationship A sales associate must give a brokerage relationship disclosure to a customer whe...
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