Ca real estate law - Study guides, Class notes & Summaries

CA DRE Salesperson Exam Practice Questions When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them what is Andy guilt of? A)Objective Fraud B) Constructive Fraud C) Actual Fraud D) Comprehensive Fraud - ANSWER- C) Actual Fraud A fee simple estate is: A) a leasehold B) an estate for years C) a less-than-freehold estate ...

Massachusetts Real Estate Law All Answers Correct Licensing law is created to protect consumers Board of Registration of Real Estate brokers -enforce license law -part of division of professional licensure -located at 1000 washington street, boston, ma 02118 -created in 1960 -5 members, each a 5 year term, with one expiring each year Licensing law exceptions -people buying, selling, leasing property for themselves -lawyers and people holding written power of attorney -regular, salaried...

CA Real Estate Exam- Practice Questions and Answers 100% Pass Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - Correct Answer ️️ -Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: - Correct Answer ️️ -A foreclosure by one of the joint tenants....

CAM - Community Association Manager License GA Exam Study Guide Solutions The Year 1925 - ANSWER-License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real Estate brokers. GREC - ANSWER-Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed GREC's Authority - ANSWER-Can Issue or Deny RE (real estate) Licenses, Can discipline by revoking, suspending, warning, or fining, Can set rules and regs,...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

Legal Aspects Questions and Answers Already Graded A Property tax payments are due in two installments. On what two dates do these installments become delinquent, if not paid? December 10 and April 10 Which doctrine states that appellate court cases establish precedents, and judges deciding subsequent cases should follow those precedents? Stare decisis The listing agent must give a copy of the agency disclosure form to the seller: Before the seller signs the listing agreement A deed is recor...

Real Estate Salesperson California State Exam Complete Solutions Which of the following is most vital or important in planning a subdivision: Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: Percentage Lease What is not an adequate method of transferring property? Executive Sale What is considered personal property? Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization ...

Which of the following is most vital or important in planning a subdivision: - Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - Percentage Lease What is not an adequate method of transferring property? - Executive Sale What is considered personal property? - Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value of the property if a 10% return i...

New York Real Estate Exam Official study guide with complete solutionsWhat agency issues real estate licenses? ️ NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? ️ 18 Do you need experience in the field to become a salesperson? ️ No What is the minimum age to become a real estate broker? ️ 20 Do you need experience in the field to become a broker? ️ Yes, 3500 points (35hrs weekly for 100 weeks) If your license is revoked, how long do you have t...

California Notary Public 2024 Exam || All Questions & Answers (Rated A+) California Notary Public 2024 Exam || All Questions & Answers (Rated A+) Requirement for becoming a CA Notary Public? - ANSWER - 1) Legal resident of California. 2) At Least 18 y.o. 3) Complete State-Approved Course (6hrs) (3hr for Renewal) 4) Pass Written Exam 5) Background Check 6) Fill out Application 7) Disclose arrests & Convictions Function of Notary - ANSWER - Primarily to authenticate the identity of a ...