Michigan salespersons Study guides, Class notes & Summaries

Mckissock Ch 1 Exam Questions With 100% Correct Answers one advantage of networking as a way of marketing yourself is that networking is the ONLY - answerway to market yourself for free what acronym used in cell phone contact lists should be place in front of the name of the person to be contacted when something goes wrong? - answerI.C.E " in case of emergency" what is the best weapon that you possess as a real estate professional? - answerYour common sense when a stranger walks into t...

UNIT 1 MICHIGAN BUILDERS GRADED A+ Read each of the following situations and determine if the activity would require a real estate license. A.Jim is helping his neighbor negotiate the construction of a new building on a property the neighbor is purchasing. //Yes. Anyone who negotiates for the construction of a building on real estate must have a license. // B.Grace is selling her mother's home as executor of her estate. //No. An executor is exempt from the license law in Michiga...

Designated Agent - Answer- A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - Answer- What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" - Answer- Charlie is the personal assistant for the top produ...

*a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should he suggest to be professionally inspected? - ANSWER-the support beams in the basement *if the total cost of the loan is paid off in a set of scheduled payments across the term, the loan is... - ANS...

MI state Exam practice 120 Questions with Verified Answers After accepting an offer in writing, if a seller withdraws acceptance and cancels the transaction, which of the following is TRUE? - CORRECT ANSWER The broker, having facilitated a written acceptance of an offer, is entitled to compensation and may sue the seller for the commission. A realty company has entered agency agreements with both the sellers and the buyers in the transaction of a property. Is this allowable? - CORRECT ANSW...

Michigan Residential Builder Construction Business Law graded A+ 2023 passedonly one at a time - correct answer A licensed salesman can work for how many builder or contractor at one time? Notes Payable - correct answer A company's assets should include all of the following except... An account payable - correct answer A debt owed to a supplier for goods or services purchased is called... under no circumstances - correct answer A licensed builder can legally accept a job or contract fr...

Michigan Real Estate - Unit 24: Duties and Powers of the Department and the Board - Multiple Choice "An individual acting in the capacity of a real estate licensee without a license A) may be required to pay a criminal fine of up to $10,000. B) will be censured by the Department. C) can have a limitation issued. D) is subject to 90 days in prison "D-Explanation: The answer is is subject to 90 days in prison. Operating without a license is a misdemeanor subject to a criminal...

*a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should he suggest to be professionally inspected? - ANSWER-the support beams in the basement *if the total cost of the loan is paid off in a set of scheduled payments across the term, the loan is... - ANS...

A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem - Answer Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission - Answer Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime - Answer Immediately A newly constructed building cannot be used or occupied in whole or part without Certifica...

Real Estate - AYPO practice final exam *a real estate agent walked through a client's house. he noted 4 things: side yard is not maintained, lock on back door doesn't effectively latch, support beams in the basement are discolored and has some cracks, and some of the linoleum tiles in the kitchen are loose. Which of these items should he suggest to be professionally inspected? - ANS the support beams in the basement *if the total cost of the loan is paid off in a set of sche...