Real estate recovery fund - Study guides, Class notes & Summaries

Florida Real Estate Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Broker hiding value of property Could be charged with concealment Q: If office is closed, reopened, in same license period Answer: request a reissue- no fee Q: real estate taxes are Answer: Ad Valorem tax Q: The four factors of production Answer: land, labor, capital, and entrepreneurial ability Q: Maximum number of years on FREC ...

Hawaiian Real Estate Module 2 Test 100% Correct Solved REAL ESTATE LICENSING LAWS ARE CONSTITUTIONAL BECAUSE THEY REPRESENT A VALID EXERCISE OF THE STATE'S POLICE POWER A. TRUE B. FALSE - Correct Answer ️️ -A. TRUE THE REAL ESTATE COMMISSION MAY REVOKE OR SUSPEND A LICENSE FOR WHICH OF THE FOLLOWING? A. ACTING FOR BOTH THE BUYER AND THE SELLER IN A REAL ESTATE TRANSACTION AND COLLECTING COMMISSIONS FROM BOTH AFTER OBTAINING THEIR ORAL CONSENTS TO DO SO B. AN ATTEMPT BY A SALESPER...

FL Disciplinary Procedures and the Real Estate Recovery Fund Unit Exam Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!

What authority originates from the U.S. Constitution and relates to protection of health and welfare of citizens at local levels? A) Situs B) Community protection power C) Escheat D) Police power - D) Police power Police power - The authority of government to protect the property, life, health, and welfare of its citizens. Situs refers to prospective buyers' preference for a certain area. Escheat provides for a government, normally a state government, to take the property of an ow...

The inspector is not required to determine ____ ___ of any system or component. - Answer- -Years of age -Life expectancy -Make model Horizontal waste pipe should slope ____ inch per foot - Answer- 1/4" per foot if < 3 inch pipe. 1/8" per foot if > or = to 3 inch pipe Drip screed - Answer- Also called weep screed. Used at the base/bottom of stucco walls to release moisture. Pressure Vacuum Breaker (PVB) - Answer- Used for Backflow Prevention. Lawn Irrigation systems: install...

FL REAL ESTATE SALES ASSOCIATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS 100% PASS Complaints against licensees are confidential until _____ days after probable cause is found to exist. - Correct Answer ️️ -10 Licensees involved in a first-time offense of a minor nature will receive a letter of noncompliance. There after the licensee has ____ days to take corrective action. - Correct Answer ️️ -15 Summary Suspension- What is it and who issues it? - Correct Answer ️️ -An emergen...

Colorado Contracts & Regulations Unit Questions and Answers Graded A+ It is possible for the public to get the address and number of a licensee from the Real Estate Commission. 1. True 2. False 1 If you practice real estate without a license you will be prosecuted by 1. the sheriff. 2. the attorney general. 3. a district attorney. 4. the Real Estate Commission. 3 An individual who charges a fee to sell options on real estate must have 1. an option dealer's license. 2. a securities lice...

The Board Of Realty Regulation Consists of how many members and how are the members appointed? - ANS 7 members and are appointed by the governor What are the Civil and Criminal Penalties for those engaging in real estate without a license? - ANS Guilty of a misdemeanor First Offense will be fined b/t $100-$500 or imprisoned for 90 days or BOTH Subsequent Offense will be fined b/t $500-$2,000 or imprisoned for 6 months or BOTH What is the Real Estate Recovery Account? - ANS -Within...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Accrued interest on loan assumed. - -Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is - -prepaid in advance negotiable between the buyer and seller - -The payment of the intangibles taxes are: If neither Baird or Carr are licensed as brokers, a qualifying broker must be hired and must be named as an officer of the corporation - -Licensees Baird a...

Rhode Island General Real Estate Study Guide with Complete Solution Real estate recovery act Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson Agents pay a fee for the deposit in the real estate recovery fund when they first...