Nonagency - Study guides, Class notes & Summaries
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Alabama Real Estate Exam Questions and Answers Graded A
- Exam (elaborations) • 41 pages • 2023
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Alabama Real Estate Exam Questions and Answers Graded A 
A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency 
A _________ agency gives the agent authority to do one specific thing on the principal's behalf. special or specific 
A _________ agency gives the agent the authority to do several activities on the principal's...
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Alabama Real Estate Exam 2023-2024 Questions & Answers 100% Correct
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Special or Specific Agency - ANSWER-The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. 
 
General - ANSWER-Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. 
 
Designated agency - ANSWER-A dual agent cannot fully represent both ...
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Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A)
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Superior Real Estate Chapter 7 Exam 2024 
Questions and Answers (Graded A) 
Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of 
another; 
SIMPLY STATED: ACTING ON BEHALF OF ANOTHER 
Common Law of Agency -Answer-NCREC requires all agency agreements to be IN WRITING 
Principal/Client -Answer-The person for whom the agent acts 
Typically the party who hires the agents to act on his behalf 
Could be the buyer in a buyer agency agreement or the seller in a ...
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Idaho Real Estate Exam (chapters 1 - 4) already passed
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Idaho Real Estate Exam (chapters 1 - 4) already passed NAR is a --- organization? Trade 
Who is responsible for all Idaho real estate licensing Irec 
Who funds IREC? All licensees 
How many IREC commissioners? 4 
How many members make up Educational Council? 6 
IREC meets how often? Monthly 
Who is responsible for disciplinary action? Commissioners 
Population of Idaho? 1.5 million, 600k households 
How long is IREC commissioner term? 4 years 
IREC commissioners must have a minimum --- year term...
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Alabama Real Estate Exam 2023-2024 - Questions & Answers 100% Correct
- Exam (elaborations) • 18 pages • 2023
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A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - ANSWER-designated agency 
 
A _________ agency gives the agent authority to do one specific thing on the principal's behalf. - ANSWER-special or specific 
 
A _________ agency gives the agent the authority to do several activities on the principal's behalf. - ANSWER-general 
 
A brok...
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Alabama Real Estate
- Exam (elaborations) • 28 pages • 2024
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Alabama Real Estate Exam Already Graded A+ 
Special or Specific Agency ️The Principal gives the agent authority to do one specific thing-sell 
property. They enter into a contract that stipulates how the task will be done-multiple listings of the 
property, commission paid etc. 
General ️Principal and agent enter into a contract giving the agent the authority to conduct several 
activities-show property to renters, check references and negotiate leases. 
Designated agency ️A dual age...
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Alabama Real Estate Exam Self-Study Questions and Answers
- Exam (elaborations) • 18 pages • 2024
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A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. designated agency 
A _________ agency gives the agent authority to do one specific thing on the principal's behalf. special or specific 
A _________ agency gives the agent the authority to do several activities on the principal's behalf. general 
A brokerage which facilitates the trans...
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CFA Level 1 Formulas Exams 245 Questions with Answers,100% CORRECT
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CFA Level 1 Formulas Exams 245 Questions with Answers 
 
 
Price change based on convexity - CORRECT ANSWER -duration(change in yield)+1/2(convexity)(change in yield)^2 
 
Effective Duration - CORRECT ANSWER Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] 
 
Modified Duration - CORRECT ANSWER [(v-)-(v+)]/[2V0(change in yield)] 
 
Future Value - CORRECT ANSWER PV(1+(I/Y)^N) 
 
PV - CORRECT ANSWER FV/(1+r)^n 
 
PV of perpetuity - CORRECT ANSWER PMT / discount rate 
 
Ap...
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Alabama Real Estate Exam - Questions & Answers 2023
- Exam (elaborations) • 24 pages • 2023
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Alabama Real Estate Exam - Questions & Answers 2023 
 
 
A ___________ agency is created when a broker designates another real estate agent in the same office to represent either a buyer or a seller because they cannot fully represent both parties being a dual agency. - ANSWER-designated agency 
 
A _________ agency gives the agent authority to do one specific thing on the principal's behalf. - ANSWER-special or specific 
 
A _________ agency gives the agent the authority to do several activiti...
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Alabama Real Estate Exam Questions and Answers 2023 with complete solution
- Exam (elaborations) • 19 pages • 2023
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Alabama Real Estate Exam Questions and Answers 2023 with complete solution 
 
Special or Specific Agency 
The Principal gives the agent authority to do one specific thing-sell property. They enter into a contract that stipulates how the task will be done-multiple listings of the property, commission paid etc. 
General 
Principal and agent enter into a contract giving the agent the authority to conduct several activities-show property to renters, check references and negotiate leases. 
Designated...
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