Real estate agent - Study guides, Class notes & Summaries

Deficiency A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection Process of examining accessible items, and reporting their condition RESPA Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. Departure Provision The inspector may not inspect an item if the ...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. (Ans- D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in respo...

ILLINOIS REAL ESTATE LEASING AGENT EXAM NEWEST 2024 COMPLETE 100 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Aceable Agent Texas Real Estate Principles I Question and answer 100% correct 2023Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes tha...

Real Estate U Final Exam Questions And Answers 2024/2025 Article 12-A of the NYS Real Property Law Answer: The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor broker Answer: A licensed real estate broker that holds the license of a salesperson "Summary of Your Submission" Answer:...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...

ICT2622 Assignment 2 (DETAILED ANSWERS) 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .. Question 1 [11] 1.1 List one (1) similarity and one (1) difference between classes and use cases. (4) 1.2 Discuss the two types of questions that can be asked when conducting an interview with the users of the system to understand business functions and business rules. (4) 1.3 We understand that system analysis answers the what...

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL correct answersFormulas to calculate commission? PRINCIPAL correct answersWhat is the term that describes the money that is lent? CASH TO CLOSE correct answersDown payment minus earnest money? TOTAL SALES PRICE correct answersLoan payment + loan principal? ORIGINATION POINTS correct answersLoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS ...

Aceable Agent - Principles of Real Estate II Exam Notes with complete solutions 2023TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL Formulas to calculate commission? PRINCIPAL What is the term that describes the money that is lent? CASH TO CLOSE Down payment minus earnest money? TOTAL SALES PRICE Loan payment + loan principal? ORIGINATION POINTS Loan points/fees charged 1% to compensate loan officers for underwriting and administering...