Michigan salespersons Study guides, Class notes & Summaries

Real Estate State of Michigan Final Exam 2023-2024 Questions and Answers 100% CorrectReal Estate State of Michigan Final Exam 2023-2024 Questions and Answers 100% CorrectReal Estate State of Michigan Final Exam 2023-2024 Questions and Answers 100% Correct A person ordered to cease and desist shall be entitles to a hearing if a written request for a hearing is files within: - ANSWER-30 days after the effective date of the order A new member of the Board of Real Estate Brokers and Salespersons...

A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem CORRECT ANSWERS - Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission CORRECT ANSWERS - Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime CORRECT ANSWERS - Immediately A newly constructed building cannot be used or occupied in whole or pa...

Real Estate Salesperson Michigan Exam Verified Answers - Department: Refers to the Department of Licensing and Regulatory Affairs. - Board: Refers to the Board of Real Estate Brokers and Salespersons. - Purpose of the Real Estate Board: The board interprets license requirements and assists in investigations. - Board Composition: There are 9 voting members, including 6 licensees and 3 members from the general public. - Duties of the Board: The board sets penalties. - Examination Administratio...

---- shall appoint administrative and secretarial staff. - The department ---- shall have physical dominion over the files of the board. - The department -----shall not misrepresent material facts. A licensee shall include the name, license number, and actual business address, as shown on the license, in all ----. The use of a telephone or post office box number alone is prohibited. - Advertising ----may fire, suspend, promote, demote, or transfer a person providing administrative or sereta...

Mckissock Ch 1 Exam Questions With 100% Correct Answers one advantage of networking as a way of marketing yourself is that networking is the ONLY - answerway to market yourself for free what acronym used in cell phone contact lists should be place in front of the name of the person to be contacted when something goes wrong? - answerI.C.E " in case of emergency" what is the best weapon that you possess as a real estate professional? - answerYour common sense when a stranger walks into t...

penalty for engaging in practice of residential building without a license? not less than $5000 and not more than $25,000 and/ or one year whats the penalty for engaging in the practice of residential builders license resulting in a death? not less than $5000 and not more than $25000 and/or 4 years on individual builders license application what should you write as your business address? your personal address what is the cost for the individual builders license? $195 ...

Michigan Compiled Law All Answers Correct The name of the board that regulates a residential builder is and Alteration Contractors Board Residential Builders & Maintenance A requirement that all contracts of a licensee be reviewed by an attorney is an example of a Limitation In reference to the occupational code, the word "Department" refers to Affairs (LARA) General public means anyone Licensing & regulatory 18 years or older, who resides in Michigan, and other than a ...

Designated Agent Correct Answer A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach Correct Answer What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" Correct Answer Charlie is the personal assistant fo...

Designated Agent - ANSWER A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - ANSWER What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" - ANSWER Charlie is the personal assistant for the top producer...

Real Estate - AYPO practice final exam Questions And Answers *A real estate agent walked through a client's house. He noted 4 things: side yard is not maintained, the lock on the back door doesn't effectively latch, support beams in the basement are discolored and have some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should he suggest to be professionally inspected? - ANS the support beams in the basement *if the total cost of the loan is pa...