Real Estate Law

New York Pre-Licensing Key Terms, Latest Ultimate Upload 2025|Correct Answered, All Graded A+|Guaranteed Success. "taking" as defined by courts - ANSWER-the power of government to seize private property for public use abstract of title - ANSWER-an abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances abutting - ANSWER-sharing at least one common boundary with another property ...

Massachusetts Real Estate Salesperson License EXAMS 100% RE Salesperson License requirements? - ANSWER18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - ANSWER3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - ANSWERMultiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference ...

CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM COMPLETE QUESTIONS AND DETAILED CORRECT ANSWERS LATEST

NATIONAL REAL ESTATE EXAM PRACTICE TEST questions with solutions In most cases, broker compensation, as a percentage of home price, falls somewhere between: - Ans>> 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - Ans>> Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business mov...

1. When must a written no brokerage relationship notice be provided to customers? - ANS Before showing homes that are listed. 2. Which of the following can not be used by the federal reserve to change or control the money supply? - ANS After income tax rates 3. A broker has an exclusive right of sale listing to sell an owner's property, with no other authority granted. What type of agency does the broker have with the principal? - ANS Special agency 4. A licen...

Real Estate Final Exam Prep 2024: Updated Questions with 100% Verified Answers for Top Results and Guaranteed A+ Success! Both brokers and managing brokers must take continuing education courses, so long as they are actively licensed. Inactive licensees do not need to comply with the continuing education requirement, although a 30-hour class is required in order to reactivate a license that has been inactive for more than 3 years. A Washington Real Estate broker takes a listing for a waterf...

Georgia Real Estate Principles Test 2025 Questions and Answers 100% Pass Real Property - Land, its improvements, and the rights of ownership (also referred to as the Bundle of Rights) Real Estate - Land and its improvements Bundle of Rights - The rights of an owner to possess, control, enjoy, sell, lease, mortgage, and dispose of the property. What is Real Property - The land itself (surface rights), airspace above the land (air rights), mineral rights (subsurface rights), improvements o...

OREGON REAL ESTATE LAW QUESTIONS WITH CORRECT ANSWERS

California Contractors License Exam : Ultimate Study Guide with Verified, Updated Questions and Answers What are unlicensed subcontractors considered when working on your job? - ANS Statutory employees. This means you can be held accountable for federal and state taxes that must be paid. Where must employers report all newly hired employees? - ANS New Hire Reporting Program within 20 days Who is responsible for obtaining Worker's Compensation Insurance? - ANS The employer. Businesse...

FUNDAMENTALS OF CODE ENFORCEMENT (FLORIDA ASSOCIATION OF CODE ENFORCEMENT LEVEL 1) QUESTIONS WITH 100% CORRECT ANSWERS. Easements - ANSWER -do not give the holders of the easement ownership of the property but do give the holders the right to enter and use the property owned by others. The rights-of-way - ANSWER -They contain the streets, the curbs, the parkways and sidewalks. Using the plat book and page method of description. - ANSWER -How is property described? 5 acres - ANSWER ...