Real property realty Study guides, Class notes & Summaries

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

Loss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taken, or loss of use) to property in which that person or organization has a financial interest. Real property (r...

Real Estate Broker Certification Exam | Questions & Answers (100% Verified)Real Estate Broker Certification Exam | Questions & Answers (100% Verified)Real Estate Broker Certification Exam | Questions & Answers (100% Verified)Real Estate Broker Certification Exam | Questions & Answers (100% Verified) Real property (realty) - ANSWER - Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Appurtenances - ANSWER - Land improve...

AINS 102 (New 2023/ 2024 Update) Understanding Personal Insurance Exam Prep_ Questions and Verified Answers_ 100% Correct QUESTION Real property (realty) Answer: Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. QUESTION Reinsurance Answer: The transfer of insurance risk from one insurer to another through a contractual agreement under which one insurer (the reinsurer) agrees, in return fo...

Rich owns a few properties just outside of Tulsa, and he wants to manage them himself. Does Rich need to have a real estate license? Topic: Property Management Subtopic: License Requirements and Exemptions No. Oklahoma doesn't require property managers to hold a real estate license. No. Property owners managing their own properties do not need to hold a real estate license. Yes. If Rich has someone else manage and handle the property finances, he can perform the rest of the tasks him...

Champions Real Estate Exam: Law of Agency Latest Update 100% Pass This person hires an agent The Principal The agent works on behalf of this person the client (principal) This type of agency allows for the greatest range of authority Universal This is provided to the agent when there is written documentation that the agency relationship exists. Express authority This is the most limited of all the agency relationships Special agency This type of agency is created when a 3rd p...

CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ Which of the following must have a real estate license in Colorado? A. An on-site manager of an apartment building performing the customary duties of an on-site manager. B. A regularly salaried, on-site manager of a condo complex employed by a homeowner association, who also shows and sells units in the complex, for individual owners. C. A real estate broker licensed in another state that receives a s...

Property loss exposure ️ A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) ️ Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property ️ All tangible or intangible property that is not real ...

Nevada Real Estate Key Realty Exam Questions + Answers Already Passed What is the smallest saleable portion of a Nevada subdivision called: Unit Which of the following are required of deeds to be enforceable: must have the grantors signature Personal property could be: emblements: aka crops Real property is: transferred by deed What is it called when the government gives a parcel of real property back to a private citizen: Cloud? A chain of title: Lists all grantors and gran...