Stigmatized properties - Study guides, Class notes & Summaries

TREC contract forms and their uses - ANSWER-- Sales Contracts: 1) One-to-Four Family Contract (Resale) 2) New Home Contract (Incomplete Construction) 3) New Home Contract (Completed Construction) 4) Unimproved Property Contract 5) Residential Condominium Contract (Resale) 6) Farm and Ranch Contract - Leases: 1) Buyer's Temporary Residential Lease 2) Seller's Temporary Residential Lease TREC rules regarding the buyer's use of inspectors - ANSWER-- seller permits buyer access to t...

Colibri Real Estate Chapter 2 Quiz Questions with 100% Correct Answers An agency relationship may be involuntarily terminated by which of the following? - Correct Answer ️️ -By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes - Correct Answer ️️ -A subagent An agency relationship may be involuntarily terminated by which ...

Promulgated Contract Forms - Study Guide Rated A+ Information Needed to Complete Contract Forms -Elements and Practice 1-4 Family Residential Contract (Resale): The heading of this contract contains; date the contract form was approved by the Commission. License holders must take care to use only the most current version of a contract form. Failure to use the most current version is a violation of the license act. The title of the form reveals its intended use. The contract form is the 1-4 famil...

An article installed by a tenant under a commercial lease and is removable prior to the expiration of the lease is a: - CORRECT ANSWER Trade fixture Personal property that is converted to real property by being permanently attached to the Real Estate is a: - CORRECT ANSWER Fixture Another name for personal property is - CORRECT ANSWER Chattel Annual growing crops, such as corn, that remains personal property are called - CORRECT ANSWER Emblements The term for conv...

A licensee is selling a property where a convicted sex offender once lived. The house would be considered a stigmatized property. Regarding stigmatized properties, licensees correct answer: may disclose if they morally feel it is the right thing to do. Another name that Tennessee allows instead of facilitator is correct answer: transaction broker Sellers must complete a property and environment condition disclosure if they currently live in the residence for sale or have lived there at a...

Nevada law real estate Exam Questions and Answers 100% Pass How many branch offices may a broker have? - Answer- As many as they want A branch manager must be : - Answer- Broker/salesperson with two of the previous four years experience The minimum balance of the ERRF fund is : - Answer- $300,000 The Nevada Real Estate Commission is appointed by : - Answer- The Governor of the state of Nevada Nevada Real Estate license fees are deposited in : - Answer- The Nevada State General Fund If ...

COLORADO POST-TEST 2 EXAM REVIEW QUESTIONS & ANSWERS, GRADED A+/ The buyers say they have been told that a murder had been committed on the property and ask the listing broker if this is true. The listing broker may A) answer if the information has been in the news. B) answer because the buyers asked a direct question. C) answer if the seller has given the broker written permission. D) tell the buyers to ask the neighbors because they are not covered by the law. - -The answer is an...

An agency relationship may be involuntarily terminated by which of the following? By destruction of the property through fire, vandalism, or natural disaster When a seller authorizes a unilateral offer of subagency to all MLS members, any agent who shows the listed property automatically becomes A subagent An agency relationship may be involuntarily terminated by which of the following? Condemnation of the property Sally is a subagent working for Seller Pat. What does Sal...

TREC contract forms & their uses - pg 35 - ANSWER-The contract form: is the One to Four Family Residential Contract (Resale). One to four means that it can be used for single-family properties, duplexes, triplex properties, and four-unit buildings. A building with five or more living units would be considered to be a commercial transaction. It is also used for resales only. A new home contract would be used on new home sales. This form is not to be used for a condominium, but may be used f...

MN Real Estate Salesperson Questions and Answers Already Passed An Override (Broker Protection) Clause may not exceed 6 months Residential 2 years for Commercial Meth Labs must be Disclosed Do NOT need to disclose HIV/AIDs, Suicide, Accidental Death, natural death, nursing home, paranormal activity Megan's Law is for Sex Offenders, as a salesperson you must direct client to MN Dept of Corrections to look up sex offenders Seller who fails to disclose a seller is responsible ...