4 types of licensees Study guides, Class notes & Summaries

FL Exam sec 11 - Real Estate Contracts 12% Verified Answers Contracts (in general) ️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 ️Licensees may not draw lease agreements but fill in blanks on lease instruments on...

Section 1: Delaware Real Estate Orientation Exam Questions and Answers 100% Correct On the surface, most brokers may seem pretty similar. So it's up to you to do a little probing to discover what makes one broker different than another. That's where you'll start to determine if you and the broker are a good fit. Which five of these areas should you inquire about when looking for a broker? - Correct Answer ️️ -1. Reputation 2. Policies and Procedures 3. Training Program 4. Culture...

Protect the public and industry - The primary purpose of the Idaho real estate commission is to: Idaho real estate commission - Initial application for a real estate license is administrated by All licensees - Where does the money come from to operate the Idaho real estate commission 4 - The Idaho real estate commission consists of how many member commissioners Monthly - The Idaho real estate generally meets: Any pre-license courses - Course make-up work is allowed only for: 3 ...

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...

What types of agents can one be in a agency relationship? - ️️Universal General (Sales-Associate) Special Agent What is a brokers price opinion (BPO)? Can a real estate licensees charge for these? - ️️It is the opinion of value of real property, and yes as long as it is not considered an appraisal. If a student fails course pre-licensure exam, how long must one wait until one can retake the exam? How many times can one re-test before having to retake the entire course? - ️️App...

Maine Sales Agent Course Quiz #1 Correctly Answered 2024. What powers does the Maine Real Estate Commission have? - correct answer 1. Enforce Real Estate License Law and Rules 2. Discipline Real Estate Licensees 3. Oversight of education programs 4. Issue Licenses What types of licenses does the Maine Real Estate Commission issue? - correct answer 1. Sales Agent 2. Associate Broker 3. Broker 4. Designated Broker (Sometimes referred to as the Broker, DB, Principal Broker, ...

SC Real Estate - State Portion Exam Practice Questions and Answers Associated Licensee - Correct Answer ️️ -Licensee who is affiliated with a BIC Broker - Correct Answer ️️ -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - Correct Answer ️️ -Has responsibility over actions of all associated licensees and real estate trust accounts Client - Correct Answer ️️ -Person ...

TEXAS SAE Real Estate Brokerage NOTES ready to study BROKER OWNER RESPONSIBLITIES - correct answer 1. Responsible for every liscnesee holder in the brokerage (supervisory) 2. Training/education 3. License maintenance 4. Make sure they don't violate laws (legal) 5. Profitability of the company (fiscal). BROKER OWNER REWARDS - correct answer 1. % of commissions 2. Ownership control 3. Training of licensees 4. Equity Interest THREE TYPES OF BROKER OWNERS - correct answer 1. Act...

Real Estate Gold Coast test 100% solved Correctly Prorating Rent - Answer- 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? - Answer- 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 _________. - Answer- in a federally r...