Aceable Agent - Finance bundled exams 2023 with 100% complete solutions

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL correct answersFormulas to calculate commission? PRINCIPAL correct answersWhat is the term that describes the money that is lent? CASH TO CLOSE correct answersDown payment minus earnest money? TOTAL SALES PRICE cor...

The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code correct answersB. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the govern...

what is one way a co-op sales contract differs from the sales contract for a single-family home? correct answersthe co-op sales contract includes a section detailing what the buyer must do it they hope to gains the corporations board approval (One of the most important differences is that purchasing...

TEXAS REAL ESTATE LICENSE ACT (TRELA) 1939 correct answersWho was the first legislation created to govern the real estate profession in Texas? TEXAS REAL ESTATE COMMISSION (TREC) 1949 correct answersWhich commission was created to enforce TRELA (it's main purpose)? Also regulates educational and...

C. client A real estate agent works exclusively with buyers. They have chosen a specialization that focuses on the: A. geographical area B. commission split C. client D. property type C. sales prices are more negotiable for buyers Which of the following describes a buyers market? A. It...

Seller's Market correct answersFew houses; lots of buyers. Buyer unlikely to get closing costs paid by seller or any bargains. Buyer's Market correct answersMany houses; few buyers. Prices more negotiable. Real estate brokerage correct answersbusiness of bringing together buyers & sellers, o...

VOID correct answersA contract that has no legal effect. VOIDABLE correct answersWhen one or more of the parties has the authority to rescind the contract. It appears to be valid, but one party may disaffirm because they are a minor, were subject to duress, or a victim of fraud or misrepresentati...

Committee Members (12) correct answers7: License holders that have been in practice for at least five years. 4: Real Estate instructors/owners of real estate schools. (education members) 1: Represents the public. Educational Standards Advisory Committee (ESAC) correct answersThey review and rev...

Abstract of Title correct answersThe condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurat...

Florida Real Estate Commission (FREC) correct answersquasi-judicial body that administers and enforces license law in FL (makes rules & hears disciplinary actions) Rules: 61J2 of Fl Admin code 61J2 FL Admin code correct answersFREC rules (technically not law) - directions based on Chapter 475 ...

What is investment gain? correct answersan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is...

Broker Thelma lives in North Carolina. Can she be the qualifying broker for an LLC in Georgia? correct answersYes, a nonresident broker can serve as a qualifying broker for any corporation, limited liability company, or partnership licensed by GREC. A firm in Georgia sends out an email advertisin...

Which of these is a red flag for predatory lending? correct answersThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? correct answersBecause of his vicar...

What is an acre? correct answersStandard unit used to measure the area of land equal to 43,560 feet Which of the below is TRUE regarding a property's street address? correct answersIt is convenient but should not be considered legally adequate With which type of land description does a survey...