Laws governing sales - Study guides, Class notes & Summaries

TN Timeshare Salesperson – 1010 Latest Update Graded A Appurtenant A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement A legal easement can be created by any of the following EXCEPT definition within a deed. A license. A homeowner is willing to let his neighbor park an RV in his backyard. He does ...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Virginia Laws and Rules Questions and Answers Already Passed A policy loan provision is not required in which of the following types of policies? Term Life An insurance licensee is required to provide records of insurance transactions to the State Corporation Commission: Promptly upon request for examination of the licensee Testimonials used in Accident & Health insurance must meet all of the following requirements, EXCEPT: They must be approved by the Virginia Commissioner of Ins...

Louisiana Real Estate Practice Exams (National) Questions and Answers Already Passed Real property can be converted to personal property by: severance Legal descriptions using the government survey system are NOT generally used in: the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of ripar...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates...

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - ANSWER a contract Antitrust laws prohibit competing brokers from all of the following - ANSWER 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by - ANSWER all current owners of real estate fronting on that r...

TN Timeshare Exam Practice Test Questions with Correct Answers 100% Verified 2024/2025 What is the Tennessee Real Estate Commission? - Correct Answer Judicial body of real estate industry in TN Following discriminatory practice, you should make a complaint with ____ days. - Correct Answer 180 What is a timeshare estate? - Correct Answer Ownership or leasehold estate in property devoted to a timeshare fee, tenants in common, time span ownership, interval ownership, and a time share lease. ...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

NJ QPA Exam 2021Dillion's Rule (1868) - correct answer states that local governments do not have any inherent sovereignty and instead must be authorized by state governments that can create or abolish them Cooley Doctrine - correct answer Local government is a matter of absolute right and the state may not take it away. Forms of NJ Municipal Government - correct answer Boroughs, Commissions, Municipal Mgr, Town, Township, Village, and Cities. Optional Faulkner Act. What is 'common rul...

definition of law o :# 1. Predictions of the way in which a court will decide specific legal questions 2. A rule of civil conduct prescribed by the supreme power in a state, which commands what is right, and prohibits what is wrong Meanings of Law o :# 1. The legal order of society 2. The aggregate of laws or legal precepts 3. The judicial process Function of Law o :# to maintain stability in the social, political, and economic system through dispute resolution, protection of propert...