Types of licensees - Study guides, Class notes & Summaries

Delaware law requires licensees to explain the possible types of agency relationships to prospective clients, using the Consumer Information Statement (CIS) for buyers and sellers. Licensees must discuss the duties that licensees owe not only to their clients, but also to the other parties to the transaction. They can use this same form to explain the types of brokerage relationships prospective clients may have with a real estate professional. At what point are licensees required to discuss ...

FL Exam sec 11 - Real Estate Contracts 12% Questions and Answers 100% Pass Contracts (in general) - Correct Answer ️️ -agreement between two or more parties to do or not to do certain things -valid -contains all valid essentials -void - lacks one essential -voidable - maybe valid or void by one of the parties -enforceable - courts will enforce -unenforceable - courts cannot enforce Authority of real estate licensees to prepare contracts - Correct Answer ️️ -Licensees may not dr...

What is the youngest age you can be to get the learners permit? - Answer-15 and a half What do you get before getting the actual drivers license? - Answer-Learners permit and intermediate license What is the purpose of the drivers license? - Answer-To prove to the territory that you are deemed safe to drive publicly Is driving a right or a privilege? - Answer-Privilege Who doesnt need a license? - Answer-A person employed by th U.S while operating a vehicle own by the U.S. If you ...

Fred wants to put an addition on his hunting camp located in an unorganized township in Maine. He must apply to ________ fora building permit - correct answer (LUPC) Land Use Planning Committee An employer is responsible for directing a(n)______________as to both what is to be done and how it is to be done. - correct answer Employee Real estate licensees are almost always___________ ______________with their company;they sign an Independent Contractor Agreement - correct answer Independent ...

Real Estate Gold Coast test 2023 |UPDATED 2024!!! Prorating Rent paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. in a federally related transation ...

Real Estate Business - Answer-Is composed of many specialization's: - (1)Details of Property Transfer -Knowledge of: (2)market conditions (3)how to market real estate business (4)how to analyze buyers needs (5)laws that pertain to real estate Real Estate Brokerage - Answer-Is the bringing together of buyers and sellers, owners and renters and completing real estate transactions. ***How can a agent maintain good standing with clients? (After title closing)*** - Answer-***Follow Up. ...

SC REAL ESTATE - STATE PORTION EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Associated Licensee - -Licensee who is affiliated with a BIC Broker - -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - -Has responsibility over actions of all associated licensees and real estate trust accounts Client - -Person with whom a licensee has an established agency relationship Customer - -Pers...

What are the 2 types of Flexible Spending Accounts? o :## Health care accounts and Dependent care accounts Concerning a Whole Life Policy, which of the following statements is correct? o :## Cash value is guaranteed According to the rights of renewability rider for cancellable policies, all of the following are correct about the cancellation of an individual insurance policy EXCEPT o :## Unearned premiums are retained by the insurance company In a replacement situation, all of the follow...

When a developer deeds the streets and easements to the county government for future maintenance, it is called - ️️dedication. A broker's license will become void when the first license expires unless the broker has - ️️completed at least 60 hours of broker post-licensing courses. A person who takes applications for a mortgage loan must - ️️be licensed as a loan originator by the Florida Office of Financial Regulation. Before roadbuilding begins, a developer must submit a docu...

1 FLORIDA REAL ESTATE 2024/25 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Brokers who list and sell smaller businesses are - -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - -subdivision plat map. Investors who don't live on the properties they own are - -absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in...