Aceable agent level 2 Study guides, Class notes & Summaries

Aceable Agent Level 26 Exam with 100% correct Answers

Truth in Lending Act (TILA) correct answersa federal law intended to ensure that credit terms are disclosed in a meaningful way so consumers can compare credit terms more readily and knowledgeably; it protects consumers against inaccurate and unfair credit billing and credit card practices TILA covers real estate loans, loans for personal/family/ or household purposes, & consumer loans of $25,000 or less. It does NOT cover business loans -requires disclosures, including APR, for all loans ...

Aceable Agent Level 2 - Chapter 2 Question and answer rated A+ 2023What are the four basic types of Public Land-Use Controls (P.E.T.E)? 1. Police power 2. Eminent Domain 3. Taxation 4. Escheat Type of Public Land-Use Control: What does Police Power contribute? Police power is the government right to regulate and restrict land use in order to protect the public. What are the four main types of land-use controls that fall under the scope of Police Power? 1. Zoni...

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 advertising its properties. It includes its name in the email, but it is not until you click on a link in the email that you learn the firm's telephone number. Is this a GREC violation? correct answersThis is ...

Aceable Agent Level 2 Question and answer 2023 verified Severalty The property has only one owner, whether that is a person, corporation, or other legal entity. ("Severed" from all other owners) Undivided interest A type of interest that gives each co-owner the right of possession of the whole property, not simply a portion of it Right of Survivorship The statutory principle of survivorship tenancy, which means that when one co-owner dies, their ownership interest reverts to t...

Aceable Agent Level 23: Ethical Real Estate Practice Questions And Answers With Verified Solutions Latest Updated 2024

Aceable Agent Level 25 Questions And Answers With Verified Solutions Rated A+

It is Gammy's first day as an agent. He is determined to keep good records. It is best practice for Gammy to do all of the following EXCEPT: - Answer Maintain an electronic filing system; Gammy should keep copies of communications and transactions. He should also takes notes on in-person and phone conversations, and send them to the other party. Gammy should use whatever system works best for him - it does not have to be electronic. What are ethics? - Answer Ethics are standards of co...

Aceable Agent Real estate Georgia Level 2 Chapters 1-5