Realty transfer fee - Study guides, Class notes & Summaries

Superior School of Real Estate Vocab Exam 2024 Bill of Sale -Answer-Title of personal property is transferred from one entity (i.e. person) to another by use of a document called... Chapter 1 Chattle -Answer-Another word for personal property. Not used to describe personal property in NC; National word to describe personal property. Also known as Personalty. Chapter 1 Free Market -Answer-An economic system in which prices and wages are determined by unrestricted competition between busin...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

RELE 2201 CHAPTER 9 REVIEW (2023/2024) ALREADY PASSED Jesse Longoria is the broker/owner of West Texas Realty. As the responsible broker, he may also be referred to as A. sponsoring broker. B. designated broker. C. principal broker. ALL OF THE ABOVE Lena is a broker associated with Yokohama Realty. She holds which of the following licenses? brokers license The relationship between a broker and licensees associated with the broker is A. an agency relationship. B. a non-agency relationship. ...

The Board Of Realty Regulation Consists of how many members and how are the members appointed? - 7 members and are appointed by the governor What are the Civil and Criminal Penalties for those engaging in real estate without a license? - 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? - -Within the state special...

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

Arkansa Real Estate Law questions and answers 100% verified. A real estate office may not be located where? a. the salesperson's home b. a real estate school c. an office building d. a mobile home - correct answer. A. A Salesperson cannot have a firm - Principal Broker only. All of the locations listed are acceptable Which one of the following is not a $30 fee? a. application for a salesperson's license b. transfer from one company to another c. replacement of a lo...

Arkansa Real Estate Law Verified Answers A real estate office may not be located where? a. the salesperson's home b. a real estate school c. an office building d. a mobile home ️A. A Salesperson cannot have a firm - Principal Broker only. All of the locations listed are acceptable Which one of the following is not a $30 fee? a. application for a salesperson's license b. transfer from one company to another c. replacement of a lost license or pocket card d. duplicate license for...

The respondent in a complaint has how many days in which to file an appeal to the final order issued by the Florida Real Estate Commission? a. Seven b. Ten c. Fourteen d. Thirty - correct answer -D In order to renew an initial broker license, a broker must: I. Take fourteen hours of continuing education II. Complete the proper form and pay the required fee III. Successfully complete sixty hours of post licensing course during his or her initial issue of licensing IV. Pay proper fe...

Maine Real Estate MATH SECTION EXAM CORRECTLY SOLVED 2024.XYZ Realty policy manual shows the following compensation structure: Commission rate charged - 6% to XYZ Realty; 50% to the listing agent. If sold by another company, the commission is split equally. An agent from ABC Realty secured the buyer. Her company policy is, that as the selling agent, she will be paid 40% of her broker's share. If the sales price of the house was $395,000, how much does each party receive? - correct answer $395,0...