Escrow account - Study guides, Class notes & Summaries
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Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024
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Unit 3 - Virginia License Law and Math 
Practice Exam With 100% Correct Answers 2024 
____ leases have "automatic renewal" clauses, stating that the lease will automatically renew 
with the same terms unless one of the parties notifies the other party in writing within a 
specified number of days before the termination of the lease. 
all 
most 
few 
none - answermost 
Phillip advised his clients they needed to paint their master bedroom before showing the 
property. The walls of this room were...
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Escrow Account – Questions & Detailed Solutions
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Escrow Account – Questions & Detailed Solutions
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GOLD COAST FINAL EXAM STUDY SET for 4/11 [100% Correct]
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GOLD COAST FINAL EXAM STUDY SET 
for 4/11 [100% Correct] 
1 acre is how many square feet? *Ans* 43,560 
A broker is entitled to compensation if they... *Ans* bring a buyer who brings an offer the 
seller was looking for 
A buyer drops off an escrow check on Monday. To avoid any trouble with FREC, the broker 
must deposit the check by close of business on which day? *Ans* Thursday 
A spouse who is left out of a will can claim? *Ans* Elective share 30% 
Abstract Continuation *Ans* history of ti...
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Illinois leasing agent practice exam
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1. The lease contract stated that the renters would bring in the security deposit within five days. It is now the sixth day and the renters have not brought in the money. This is legally referred to as: - Answer- Breach 
 
2. In dealing with the public, a licensee: - Answer- may keep silent about a material fact concerning the property if the client is the owner. d) may negotiate different commissions with different owners. 
 
3. Escrow monies: - Answer- could include security deposits as well a...
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Gold Coast Real Estate Exam with Verified Answers
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Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made 
 
Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate 
 
Broker associate - Answer- A licensed broker working for another broker 
 
False - Answer- A florida real estate license applicant must be a resident a...
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Final Exam TN Real Estate Course Exam Questions with 100% Correct Answers | Updated & Verified | 2024
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A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. 
According to the level of authority delegated to the agent, the usual real estate agency is a limited 
agency. 
When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. 
One disadvantage in using active listings for comparables is they provide somewhat dubious 
comparisons because listing prices are not selling prices. 
Why is it sometimes necessary to inclu...
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Colibri Practice Test question and answers rated A+ 2023 already passed
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Colibri Practice Test question and answers rated A+ 2023 already passed3. In real estate, which of the following is correct about the term "title?" - correct answer 
 
Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up? - correct answer Page two, under other costs 
 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, ...
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COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|
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COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED. 
When must earnest money be deposited? 
Not later than the third business day after notice to buyer of acceptance. 
When a real estate broker is preparing a contract for the sale of real estate in respect of when a building 
permit was issued prior to January 1, 1978, the agreement will be: 
Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the 
transaction a...
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Tennessee Timeshare License Exam | 55 Questions with 100% Correct Answers | Updated & Verified
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What is an acquisition agent? - People who solicit others to attend a presentation 
When does your license expire? - 2 years from the date of issuance 
What are the powers of the commission? - The can fine you, suspend your license, or refer 
you to court. 
If your license is expired, how can you get reinstated? - Retake the test 
What is an escrow account? - Deposit for purchase into a bank account 
Who is the developer and can they be refused a license? - The person or entity which is in 
the ...
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Missouri Real Estate Exam Questions and Answers 100% Pass
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Missouri Real Estate Exam Questions and Answers 100% Pass 
The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years 
By what title is Chapter 339 of the Missouri State Statutes also known? The license law 
If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker 
Broker Kelley took a listin...
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