A realtor must - Study guides, Class notes & Summaries

Joe Alpha of ABC Real Estate Corp. has been very successful in buying houses, fixing them up, and reselling them. He put an advertisement in the local newspaper seeking investors to help him purchase property and pay for renovations, promising an excellent return on investment when the properties sold. Do you think that Joe needs a securities broker-dealer license? -Correct Answer No Ellie is very regimented. She likes to be in the office by 8 a.m. and be home by 5:30 p.m. She likes that same...

: According to the common law of agency, a licensee has which of the following obligations to an individual that prefers to remain a customer rather than become a client? - Answer-HONESTY AND FAIR DEALING "Without both parties' written consent, the broker is prohibited from representing both a seller and a buyer in the same transaction," defines: - Answer-DUAL AGENCY A asked you to appraise their property. This property had no monthly income and had no comparables in the market. You wou...

NJ Real Estate 2024 Exam Questions with Correct Answers Broker - Answer-is authorized to operate a real estate business, hire salespersons, and to charge the public for services. Broker-salesperson - Answer-Has fulfilled all the requirements of a broker yet chooses to work in a sales capacity for and in the name of another broker. Continuing Education - Answer-All Broker, broker-salespersons, and salespersons licensees must complete 12 hours of approved continuing education courses befor...

Iowa Real Estate Exam Prep Questions and Answers Already Passed Corn stored in a grain bin is considered real property False Kitchen cabinets, a furnace, or bathroom appliances are considered real property after they have been installed as improvements to the home, even though at one time they were personal property True A dishwasher installed in the cabinets does not need to be excluded from the listing if the owner is planning on taking the washer with them. It can be excluded on the sales a...

| LATEST UPDATES/ COMPLETE EXAM PREDICTION PAPER | 1 FL REAL ESTATE EXAM PRACTICE QUESTIONS & ANSWERS. RATED A+ Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - -All REALTORS are members of the National Association of REALTORS (NAR) The ...

GOLD COAST FINAL EXAM 2024 WITH 100% CORRECT ANSWERS what are the the areas a realtor should be an expert in? - correct answer Marketing Valuation & Market Conditions Property Transfer "MVP" Does one need to be a resident of the state or a citizen of the U.S. to get a FL real estate license? - correct answer to get a FL real estate license, you don't need to be a citizen What must an applicant for a real estate license do if he has been convicted of a crime? - correct answer m...

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

In an older home, a forced hot air furnace is replaced by a heat pump. The heat coming out of the register is: a. Hotter b. Cooler c. Same d. Depends on the air duct layout - Answer-b. Cooler What is the most serious safety hazard with an exterior door? a. Door knob set at 3' 6" b. A foot quick release, security bracket c. Double cylinder dead bolt (keyed inside and outside) - Answer-c. Double cylinder dead bolt (keyed inside and outside) When inspecting kitchen cabinets: a. Observ...

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

Broker o :## Individual licensed to charge the public for real estate services Broker-Salesperson o :## Fully qualified broker who remains under another broker's services Bureau of Subdivided Land Sales Control o :## State agency that approves and registers some out-of- state property Continuing education o :## Classes required for license renewal Guaranty Fund o :## Reimburses people defrauded or badly served by licensees in real estate transactions New Jersey real estate commission ...