Real Estate / Property 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 ...

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...

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 ...

301 NC Post-licensing Questions And 100% Correct Answers Guaranteed A+ pass Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Answer-Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Answer-Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Answer-...

FIL 260 EXAM 1 Questions With Correct Answers A+ Real estate - Answerland and items seen legally as having a permanent connection to the land Parcel - Answeran area of land with a particular ownership, land use, or other characteristic. Physical aspects of land - Answerlong life, unique, fixed location Economic aspects of land - Answerscarce, long term investment, can be altered Tenant-occupied - Answerapartments and hotels Owner-occupied - Answercondominiums and cooperatives Condo - Ans...

FIL 260 Exam 2 Questions With Correct Answers A+ Contracts: Offer and Acceptance - AnswerOffer: a promise to act in specified way if the other party will act in some other specified way Acceptance: offeree agrees to abide by terms of contract, as stated in the offer ***Important in real estate because: · Listing property for sale is not offer to sell, it is an invitation for buyers to make an offer · Offer to buy may have conditions (inspection, financing) called contingencies Offer mu...