Affiliat - Study guides, Class notes & Summaries

The land description T3N, R4W Principal Meridian refers to what method of property description? Rectangular Survey Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics most likely explains the price difference? a) Uniqueness b)Situs c)indestructibility d)permanence of investment B)Situs A major difference between freehold and nonfreehold estate is that all fr...

AFFILIATE BROKER NATIONAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024

TN New Affiliate Broker unit 1 test exam with 100% correct answers

HI 491 Midterm Readiness Exam Q & S (HU) - (Management AffiliationHI 491 Midterm Readiness Exam Q & S (HU) - (Management AffiliationHI 491 Midterm Readiness Exam Q & S (HU) - (Management Affiliation

acceleration a provision in a mortgage, lease or land contract, which gives the lender, lessor or vendor the option of declaring the entire balance due upon any default of the borrower, lessee or vendee acceptance the receipt of a deed or other thing with the intention of retaining it; agreement to terms offered, agreement by drawee of negotiable paper to pay same; consent to an offer or contract accession the right to all which one's property produces; acquiring property prope...

PSI National Affiliate Broker Test Exam With 100% Correct Answers 2024

ypical disclaimers by the real estate firms and licensees who are party to the purchase transaction would include Correct Answer: -not responsible for violations of the Licensing Act. -not liable for damages caused by inspectors. -not responsible for representations made about suitability of the property for a particular use. *not responsible for the performance of buyer or seller. In addition to being a contract between a licensee and a seller or buyer, a listing agreement is Correc...

Once an agency has been terminated, the obligation of confidentiality continues forever. If a buyer signs an exclusive buyer agency agreement with real estate agent A, then purchases a property directly from real estate agent B, which of the following is TRUE? It is likely that B did not ask whether the buyer was already being represented. When two different affiliate brokers representing the same broker each have representation agreements, one with the buyer the other with the s...

Tennessee Affiliate Broker Exam

A licensee negotiates the sale of a home intended for his fiancée and himself. He properly identifies himself as a licensee to the seller but neglects to disclose that he is getting married to the buyer. Do the actions of the licensee violate the license law? Yes, because a licensee cannot purchase or negotiate the sale of property in which the licensee will have a future interest. Yes, because the licensee did not disclose his possible future interest to the seller. No, because a licensee...