Real estate law exam 1 - Study guides, Class notes & Summaries
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REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A.
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REAL ESTATE U FINAL EXAM 
QUESTIONS AND VERIFIED 
ANSWERS 2024 GRADED A. 
2 / 8 
1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty 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 
2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 
3. "Summary ofYour Submission": ...
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS 
The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." 
An appra...
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: a lease for one year or less 
 
 
Answer: 
the only contract that does not have to be in writing to be enforceable 
 
 
 
Q: Attorney in Fact 
 
 
Answer: 
a person holding a power of attorney 
 
 
 
Q: substitution of a contract with another contract ie. counteroffer 
 
 
Answer: 
Novation 
 
 
 
Q: when one party fails to perform the duties of the contract-they can be asked by judge ...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score.
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Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. 
 
 
 
 
 
 
 
 
 
 
The Committee has _____ members appointed by the Commission. - correct answers.12 
 
The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act 
 
A successful career in real estate requires someone to: - correct a self-started. 
 
A peak is characterized as the __________ turni...
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Barney Fletcher Cram Notes Booklet Exam
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Barney Fletcher Cram Notes Booklet Exam 
 
deed - Answer-the instrument used to transfer real property 
 
Title - Answer-Ownership and the owner's rights 
 
Real Estate - Answer-Land + improvements (appertenances) 
 
Physical Characteristics of Land - Answer-1. Immovable 
2.	Indestructable 
3.	Non-Homogenous (unique) 
 
Economic Characteristics of Land - Answer-1) Situs 2) Improvements 
3)	Fixed Investment 4) Scarcity 
Personal Property - Answer-anything that is not real property; Chattel 
Seve...
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South Carolina Real Estate Exam (State Portion Only) Questions and Answers
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South Carolina Real Estate Exam (State Portion Only) 
Questions and Answers 
The creditor should ascertain the preference of the _____ as to legal counsel relating to 
closing the loan and insurance agent. 
A) lender 
B) seller 
C) real estate agent 
D) borrower - Correct Answer ️️ -D) borrower 
The assumption fee when assuming a loan in SC may not exceed _____. 
A) 1% of the loan or $400, whichever is greater 
B) 1/2% of the loan 
C) $500 
D) 1% of the loan or $400, whichever is less - Corr...
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PVL3701 EXAM PACK 2024
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PVL3701 - Law Of Property PVL3701 EXAM PACK 2024 
MCQ 
1. Indicate the correct option. 
Which one of the following things can be regarded as a res nullius? 
(1) a domesticated tiger living in his owner‟s house 
(2) an impala roaming in the bushes 
(3) a Persian cat lying on the neighbor‟s patio 
(4) a springbok kept on a private game farm for hunting purposes 
ANSWER: 
Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are 
wild by natu...
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PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass
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PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass 
Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. Coal Notice 
Three conditions that must be met for a mobile home to be considered real estate 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is...
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2024 Bundle Oregon Real Estate ( Test 1 - 5, Finance, Agencies, Brokerages, Agency , Complete Review, Estate License - Law, Study, Quiz , Exam 1 ,2,3, Practice Exam, Related Statutes ) Passed | A+ Rated Guide | New Full Exam Actual
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2024 Bundle Oregon Real Estate ( Test 1 - 5, Finance, Agencies, Brokerages, Agency , Complete Review, Estate License - Law, Study, Quiz , Exam 1 ,2,3, Practice Exam, Related Statutes ) Passed | A+ Rated Guide | New Full Exam Actual
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