Real esate - Study guides, Class notes & Summaries

1-Introduction to Real Estate Exam 1 Review |Graded A+| real estate salesperson existence dependent on *Ans* broker broker *Ans* one who is licensed to represent another persona in a real estate transaction with the intent to revive compensation or valuable consideration who/what can be a broker *Ans* person partnership association limited liability partnership corporation what does broker do (5) *Ans* sell list leases exchanges negotiate FOR A FEE salesperson aka *Ans* associa...

Real Estate Settlement Procedures Act (RESPA) - What is Prohibited - Answer 1) Referral fees between licensees, 2) Crediting commissions to clients for coats, 3) Receipt of bonuses by a licensee from someone other than settlement service provided, 4) Must not force the parties to use a particular Settlement Provider. Real Estate Settlement Procedures Act (RESPA) - Allows for Co-Ownership of Settlement Service Providers - Answer 1) Affiliated business arrangements, 2) Disclosure of relatio...

The name of the statue that protects the public from unscrupulous salespersons and brokers is - Article 12 of the real property law A real esate brokers license term is - 2 years To become a real estate salesperson in new york one must - Find a sponsoring broker The end of a license term for a real estate person is - 2 years from issue date If a brokers license is revoked the salespersons license - Is suspended until the licensee finds another broker If a salespersons license is revoked t...

Real Estate Settlement Procedures Act (RESPA) - What is Prohibited - ANSWER 1) Referral fees between licensees, 2) Crediting commissions to clients for coats, 3) Receipt of bonuses by a licensee from someone other than settlement service provided, 4) Must not force the parties to use a particular Settlement Provider. Real Estate Settlement Procedures Act (RESPA) - Allows for Co-Ownership of Settlement Service Providers - ANSWER 1) Affiliated business arrangements, 2) Disclosure of relationshi...

The Real Estate MarketChanges in a parcel of land that affect its value are called improvements T/F? - correct answer T Changes in a parcel of land that affect its value are called improvements T/F? - correct answer T The price of real estate is quick to adjust to sudden variations in supply and demand T/F? - correct answer F A community may use tax abatements to eliminate or reduce taxes to new companies T/F? - correct answer T When supply increases and demand increases, real estate...

The name of the statue that protects the public from unscrupulous salespersons and brokers is - Article 12 of the real property law A real esate brokers license term is - 2 years To become a real estate salesperson in new york one must - Find a sponsoring broker The end of a license term for a real estate person is - 2 years from issue date If a brokers license is revoked the salespersons license - Is suspended until the licensee finds another broker If a salespersons license is revoked t...

NAB Finance Exam Review Questions and answers, rated A+ Process of Financial Management - -process of ensureing materials and other resources are bought and used efficiently and economically; attain goals. Value of Financial Management - -Administrator has informatio to make decision and manage facility. Control device - measure performance against original plans. Administrator's role in Financial Mangement - -owners hold administrator responsible for proper financial management of f...

Accepting, receiving or charging an undisclosed commission, rebate, or direct profit on expenditures made for a principles correct answersDTPA-like provisions TREC can suspend or revoke an agent's license for Year TRELA was established correct answers1939 Year TREC was established correct answers1949 TRELA stands for correct answersTexas Real Estate License Act TREC stands for correct answersTexas Real Esate Commission TREC is comprised of correct answers9 total members 6 brok...

The Real Estate MarketChanges in a parcel of land that affect its value are called improvements T/F? - correct answer T Changes in a parcel of land that affect its value are called improvements T/F? - correct answer T The price of real estate is quick to adjust to sudden variations in supply and demand T/F? - correct answer F A community may use tax abatements to eliminate or reduce taxes to new companies T/F? - correct answer T When supply increases and demand increases, real estate...

New York real estate exam 2024 The name of the statue that protects the public from unscrupulous salespersons and brokers is - Answer ️️ -Article 12 of the real property law A real esate brokers license term is - Answer ️️ -2 years To become a real estate salesperson in new york one must - Answer ️️ -Find a sponsoring broker The end of a license term for a real estate person is - Answer ️️ -2 years from issue date If a brokers license is revoked the salespersons license - ...