Ca real estate license - Study guides, Class notes & Summaries

New York Real Estate Exam Official study guide with complete solutionsWhat agency issues real estate licenses? ️ NYS DOS, DIVISION OF LICENSING At what age can you become a real estate salesperson? ️ 18 Do you need experience in the field to become a salesperson? ️ No What is the minimum age to become a real estate broker? ️ 20 Do you need experience in the field to become a broker? ️ Yes, 3500 points (35hrs weekly for 100 weeks) If your license is revoked, how long do you have t...

A Community is defined as Real or personal property owned by two or more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specific rights granted to the members. Community Associations are structured by Formal (in writing), legal documents defining property rights, rules and restrictions. Community Associations are also referred to as Covenant Concept...

CA Real Estate Salesperson Exam Questions With All Correct Answers T/F? Brokers can designate any licensee to act as a branch office manager? - ANSWER- False - the designated licensee must have at least 2 years full time real estate experience during the last 5 years. June has worked with buyers and sellers for years. When homeowners default on their mortgage, June acts as trustee for the deed of trust. Under the deed of trust, June has the authority to sell the property. Does June have a ...

In what code is the Real Estate Law found? - Business and Professions Code Who does the Real Estate Commissioner Report to? - The governor A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the broker owns the remaining shares. Is the division ownership acceptable or unacceptable? - Acceptable A salesperson is part owner of Rollo Realty Inc. In the broker's absence, the salesperson frequently reviews the work of sales associates. This is: - Prohibited A real e...

DRE salesperson Exam Questions With Answers How many baseline and meridian systems in CA? - ANSWER- 3 A resident of Nebraska who owns property in CA dies while in Vermont. The probate procedures for this property are in? - ANSWER- CA In the order in which they are to occur, the three steps of agency discosure are? - ANSWER- disclose, elect, confirm The value of a residential property is best measured by which of the following groups of characteristics? - ANSWER- Demand, utility, scar...

CA Real Estate Exam- Practice Questions and Answers 100% Pass Two friends hold title as joint tenants. One borrowed money and executed a deed of trust against the property. In terms of affecting title this action could: - Correct Answer ️️ -Place the beneficiary in a precarious position should the borrower die before the debt is paid. Joint tenant estate held by two joint tenants is severed and ended by the following: - Correct Answer ️️ -A foreclosure by one of the joint tenants....

Ca Contractor LAW Practice Questions and Answers (100% Pass) Regardless of the occupant load served, exit doors shall be operable from inside without the use of - Answer️️ -a key or any special knowledge What do paint-grade wood cabinets require? Sanding - Answer️️ -Sanding exceptions to licensing requirement - Answer️️ -employee paid wages, owner/building given properly is not sold for one year, installer of finished products that do not become part of structure, alarm company...

NMLS Exam Questions with Correct A Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...

Ethics for paralegals Exam Questions and Answers 100% Pass Judiciary -Answer-The branch that regulates the legal profession Integrated bar -Answer-A bar association in which the mandatory and voluntary aspects of bar activities are combined, and membership is required. Model Rules -Answer-Governing rules of conduct for lawyers adopted by all states except NY, CA and ME. Ethics Opinions -Answer-Written opinions issued by a bar association interpreting relevant ethical procedures and apply...

CA Real Estate Principles Test Aceable Agent Exam Questios with 100% Correct Answers In what code is the Real Estate Law found? - answerBusiness and Professions Code Who does the Real Estate Commissioner Report to? - answerThe governor A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the broker owns the remaining shares. Is the division ownership acceptable or unacceptable? - answerAcceptable A salesperson is part owner of Rollo Realty Inc. In the broker's absen...