Escrow accounts test 2023 - Study guides, Class notes & Summaries

Trust Funds (California) Real Estate Test 2023 with complete solution Last document update:   ago

Trust Funds (California) Real Estate Test 2023 with complete solution Which of the following best describes a trust fund? A: Money or things of value that are received by a broker or salesperson on behalf of a principal or other person Not: Accounts that are used to pay for third-party closing costs such as house or pest inspections A title or escrow company, an attorney, or a financial institution that holds good faith deposits Rents and deposits derived from rental property owned...

Colorado Practice Test for PSI,100 Questions with accurate answers, Rated A, 2022/2023. Last document update:   ago

Colorado Practice Test for PSI,100 Questions with accurate answers, Rated A, 2022/2023. Document Content and Description Below Colorado Practice Test for PSI,100 Questions with accurate answers, Rated A, 2022/2023. The brokerage firm owns the listing contract and has designated a broker to represent the seller. In this case, the designated broker: A. performs the services and represents the seller. B. is an employing broker, both represent the seller. C. is not supervised by the employing brok...