100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Real Estate Course 1 Practice Exam - Aceable Agent Questions with 100% Correct Answers | Verified | Latest Update $12.99   Add to cart

Exam (elaborations)

Real Estate Course 1 Practice Exam - Aceable Agent Questions with 100% Correct Answers | Verified | Latest Update

 2 views  0 purchase
  • Course
  • Bermuda Real Estate
  • Institution
  • Bermuda Real Estate

Real Estate Course 1 Practice Exam - Aceable Agent Questions with 100% Correct Answers | Verified | Latest Update

Preview 3 out of 17  pages

  • October 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • bermuda real estate
  • Bermuda Real Estate
  • Bermuda Real Estate
avatar-seller
professoraxel
Real Estate Course 1 Practice Exam -
Aceable Agent Questions with 100%
Correct Answers | Verified | Latest
Update

Whichiofitheifollowingiisiaifiduciaryidutyithatianiagentiowesitoiaiclient?i-
iCorrectiAnswer-

ACCOUNTING.iTheyiareitheidutyiofiobedience,iloyalty,idisclosure,iconfi
dentiality,iaccounting,iandireasonableicare.


Iniwhatikindioficontractiisionlyioneiofitheipartiesiobligateditoiperform?i-
iCorrectiAnswer-Unilateral




Initermsiofitheiscopeiofiauthorityigranted,iwhatiareitheithreeiclassificati
onsiofiagency?i-iCorrectiAnswer-Special,iGeneral,iandiUniversal


Iniaibreachioficontractiscenario,iwhichiofitheseifourioptionsiwouldiallowi
theiwrongedipartyi(theiseller)itoikeepitheiearnestimoneyithatihadibeeni
putiupibyitheibuyer?i-iCorrectiAnswer-Forfeit


AccordingitoitheiEqualiCreditiOpportunityiActi(ECOA),iwhichiofitheseifac
torsicaniailenderiNOTitakeiintoiconsiderationiwheniapprovingioridenyin
giailoan?i-iCorrectiAnswer-
whetheriorinotiaipersoniusesipubliciassistance

,AccordingitoitheiCanonsiofiProfessionaliEthics,iwhatimustieveryibrokeri
doiwithiConsumeriProtectioniNoticeiTRECiNo.iCNi1-2?i-iCorrectiAnswer-
displayiitiiniaireadilyinoticeableilocation


Whichiofitheseipeopleiwouldibeidescribediasiaicooperatingibroker?i-
iCorrectiAnswer-Annibroughtiaibuyeritoianotheribroker'silisting




Whoiholdsititleiandimanagesitheipropertyiiniaitrust?i-iCorrectiAnswer-
Trustee


Ifitheico-
owneriofiaipropertyiwantsitheiriportioniofitheipropertyitoigoitoitheirihei
rsiinsteadiofitheiotherico-
ownersiofitheiproperty,iwhatikindiofiownershipishoulditheyihave?i-
iCorrectiAnswer-tenancyiinicommon




Homesteadirightsiofferiprotectionifromi-iCorrectiAnswer-
generalicreditors


WhichioneiofitheifollowingiactionsishouldibeianiintermediaryibrokeriAV
OID?i-iCorrectiAnswer-
tellingitheibuyersitheisellerimayiacceptiailoweripriceiwithoutitheiseller'si
knowledge

, Whichitermirefersitoitheifactithatinoitwoitractsiofilandiareitheisame?i-
iCorrectiAnswer-Uniqueness




Whatikindiofiownershipiisiownershipibyiaisingleipersoniorientity?i-
iCorrectiAnswer-Ownershipiofiseverality




Theiactioficonvertingirealipropertyiintoipersonalipropertyiisicalled:i-
iCorrectiAnswer-severance




Whatiisitheinameiofitheipieceiofilegislationithaticreateditheicapitaligainsi
taxiexclusioniforihomeowners?i-iCorrectiAnswer-
TaxpayeriReliefiActiofi1997


Ailistingiagreementiisianiagencyiagreementibetweeniwhom?i-
iCorrectiAnswer-Aiselleri&ibroker




Aistoreiowneribuildsiandiattachesiaidisplayicaseitoitheiwalliwhenileasingi
aiconvenienceistoreithatiheiwillitakeiwithihimiatitheiendiofitheilease.iThe
idisplayicaseiisianiexampleiofia:i-iCorrectiAnswer-tradeifixture




Whatiisiaitradeifixture?i-iCorrectiAnswer-
itemsithatiaitenantiusesiinitheiribusinessithatiwillibeiremovediatitheiendi
ofitheilease

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller professoraxel. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81849 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart