Hogen CompuCram Practice Questions || All Questions Answered Correctly.
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Module
Hogen CompuCram Practice
Institution
Hogen CompuCram Practice
All licensees shall promptly place all cash, checks or other items of value received as payment in connection with a real estate transaction in the care of: correct answers The designated broker
Supervision of unlicensed telemarketing employees soliciting initial interest in timeshare properties...
Hogen CompuCram Practice Questions || All Questions Answered Correctly.
All licensees shall promptly place all cash, checks or other items of value received as payment in
connection with a real estate transaction in the care of: correct answers The designated broker
Supervision of unlicensed telemarketing employees soliciting initial interest in timeshare properties must be performed directly by: correct answers A real estate broker or salesperson, under the direction of a broker
For purposes of real estate law, "knowingly" or "with knowledge" includes engaging in any prohibited conduct if the subject person actually knew or should have known: correct answers The falsity of any statement or representation
Any broker or salesperson who initiates a suit to recover a commission for performing a regulated real estate activity must first be able to prove that he/she was properly ___________ at the time the claim arose. correct answers Licensed
The Commissioner may suspend or revoke a real estate license if, through due process, it is proven that a licensee has: correct answers Acted for more than one party in a transaction without the knowledge or consent of all parties to the transaction
A licensee could lose his/her license for: correct answers Making false promises while acting in the role of a licensee
A selling broker may present an offer directly to the seller without the listing broker if he tried to
reach the listing broker for how many hours? correct answers 24
Which of the following statements would relate to a blind ad? correct answers An ad that does not indicate it is listed by a brokerage firm.
When advertising via a web page, which of the following is true? correct answers The broker's name must appear prominently on every page, without the viewer having to scroll down to see it.
A licensee may place a sign on property provided: correct answers He has written approval from the property owner.
A salesperson prepares an offer on a property of another listing broker. The salesperson cannot contact the listing broker within 24 hours. What may the salesperson do? correct answers Request the seller give written authorization to present the offer
In Arizona, listing agreements can include what kind of clause? This clause requires the seller to pay the broker's commission if, within a specified number of days after the listing contract expires, the seller transfers his/her property to a buyer who originally made contact with the seller as a result of the broker's efforts. correct answers Broker protection When a broker takes a listing, the property owner would be considered the: correct answers Principal
Which of the following situations would require a dual agency disclosure? correct answers A salesperson in a branch office of a company represents the buyer, and an associate broker in the main office of the same company represents the seller
Types of listings that are valid in Arizona include: correct answers All of the answers
An example of a defect which may cause the buyer to not agree to take title would be: correct answers Any of the answers
Real estate licensees are legally expected to have a full understanding of the implication and ramifications of: correct answers The Statute of Frauds
A pre-determined compensation that may be due to the seller if the buyer defaults on a real estate
purchase contract are referred to as: correct answers Liquidated damages
What common element would apply to tenancy in common? correct answers Unequal interests
When an easement only has a servient tenement, it would be an easement: correct answers In gross
Mr. & Mrs. Williams bought property with their community funds and hold the property equally as "joint tenants." In Mr. Williams' will he bequeaths his share go to his son, Mark. Upon Mr. William's' death, Mark would: correct answers Not acquire an interest in the property, as it would
automatically go to the wife
Who creates community facilities districts (CFD's)? correct answers Municipalities
The purchaser of a property inside a community facilities district would like to know more information about the community facilities district. Which of the following would most closely describe a CFD? correct answers Operate, maintain and repair public infrastructure
When real estate is depreciated for tax purposes it must be: correct answers Improved property
Which of the following is true regarding irrigation grandfathered water rights? correct answers They run with the land
What is true regarding grandfathered water rights? correct answers They run with the land
The word friable would most likely apply to: correct answers Asbestos
Who regulates the Arizona Superfund? correct answers ADEQ
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