Cooperating firm Study guides, Class notes & Summaries

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

Real Estate Complete Guide A buyer client in Kentucky is suing Janet for an inadvertent mistake she made in a real estate transaction. What insurance policy covers this type of situation? ️Errors and omissions insurance (E&O insurance covers licensees who are sued by consumers for inadvertent mistakes in a real estate transaction) A Kentucky licensee sells a property for $325,000. The total commission rate is 6%, which is split evenly with the cooperating agent. What amount goes t...

Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...

Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II Answer- A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II Answer- D. Neither I nor II Under the general principles of agency, when a licensee is act...

KY State Exam Practice Verified Answers A licensee's principal broker or the broker's designated representative must attend the hearing for license law violations in Kentucky if the accused licensee ______. A. Has held a license for fewer than five years B. Is a new licensee C. Is a sales associate D. Is a trainee C. Is a sales associate Amanda helps her neighbor sell his home in Louisville by assisting him with the negotiations. She receives no compensation for her assistance....

WGU C211 - Global Economics for Managers Exam Questions With Fully Verified Answers Value - Resources must create value when engaging rivals Rarity - Certain assets are rare, giving an advantage in competitive dynamics Imitability - The inability to have your company imitated would give you a clear advantage in the market Organization - Some firms are better organized for competitive actions than others; it is challenging for slow-moving firms to wake up and become more aggressive - answ...

Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II - ANSWER A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II - ANSWER D. Neither I nor II Under the general principles of agency, when a licensee is a...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024 Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II A. I only Designated agency can be practiced: I. Between two fir...

A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord: o :## Must allow the tenant to make the modifications at the tenant's expense, but can require, by the terms of the lease, restoration of the property. Which of the following is the best description of a fee simple estate? o :## The most complete ownership in prop...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...