Real Estate Express Exam Bundle

The total of fees for each original real estate sales license is: - Answer $125 To apply for a permit to do business as a business broker, the licensee must submit an application to the Division, along with a certificate of completion that the licensee has completed a minimum of how many hours of...

At least that goes month to month is known as - Answer an state from period to period Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month - Answer $225 1st you take $30000 in multiply it by 9...

Sellers market their property using a __________. - Answer listing agreement When the licensee has a buyer brokerage agreement with a purchaser, he or she must represent the best interests of the ___ rather than the ___. - Answer buyer,seller In most cases, buyers cannot make a purchase withou...

procuring cause - Answer The effort that brings about the desired result in a real estate sale is know as writ of attachment - Answer an action by a creditor in which the court simply retains custody of the property while a lawsuit is being decided is know as leased fee interest - Answer in a ...

Which of the following is exempt from the Natural Hazards Disclosure? - Answer Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's accepted...

who must sign the mortgage broker dual agency disclosure form? - Answer the borrower and the seller how many members of the NYS board of real estate must be real brokers? - Answer 5 which of the following does not appoint members to the board? - Answer secretary of state a _____ broker cond...

A violation of a Commission rule is -subject to a reprimand for an initial offense. also considered a civil offense and subject to similar disciplinary action. -considered breaking the law and requires a hearing before the judicial board. -considered the same as violating the license law itsel...

Thad and Pierre made an appointment to view a condo for lease advertised in the newspaper. Thad phoned the landlord and set up a viewing for two hours later in the day. The couple thought the condo was perfect and informed the landlord they wanted to start the application process to lease the condo....

Real estate that includes non-physical interests, such as easements and restrictions is known as __ - Answer Real Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - Answer A rectangular s...

What kind of professionals manage the legal aspects of a development project? - Answer Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate...

A broker receives an earnest money deposit from the buyer for an offer on a house. What must the broker do with the money? - Answer Deposit the money into the brokerage's existing non-interest-bearing escrow account for all such transactions. A buyer offers a stock certificate worth $12,000 in l...

Is it permissible to advertise real estate associated services or products in California without a California real estate license? - Answer Yes, as long as the products or services do not include any actions for which a California real estate license is required. Which regulation or section(s) ap...

that the contract is null and void. - Answer The end result of rescinding the contract is If a contractor is planning to build a new apartment complex, he or she needs to consult the _______ to avoid any potential fines by the United States Attorney General. - Answer Americans with Disabilities A...

THE LANDLORD CAN ISSUE ONE OF TWO THINGS IF THE TENANT IS IN DEFAULT FOR NOT PAYING RENT? - Answers Five-Day Pay-Or-Quit Notice Unlawful Detainer Warrant WHO HAS THE RESPONSIBILITY TO CREATE AND AMEND THE REAL ESTATE CODE OF VIRGINIA? - Answers The Virginia General Assembly - NOT the DPOR or ...