Cooperating firm Study guides, Class notes & Summaries

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam Questions And Answers Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II - ANS A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I ...

Colibri Real Estate (Real Estate Express) Final Exam Review Already Passed Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission plus a bonus to o...

Real Estate Post-Licensing Course - Unit Exams with Complete Solutions Alabama's consumer information booklet can replace the Real Estate Brokerage Services Disclosure form in which situations? It can never be used to replace the disclosure form. You're working with Angela, your buyer customer. Since there's no agency relationship in place, it's important for her to understand which of the following? You represent the seller. Which of the following options is something that you woul...

NH Real Estate Exam Questions and Answers 100% Pass Purpose of NH Real Estate Commission - Correct Answer ️️ -License and regulate real estate agents. Entry Only Listings - Correct Answer ️️ -Considered listings and must comply with listing requirements Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - Correct Answer ️️ -Requires a contractual b...

Colibri Real Estate (Real Estate Express) Final Exam Review 2024 Questions and Answers 100% Pass Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commissio...

The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? - CORRECT ANSWER-The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appraisal would most likely ...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam Questions And Answers Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II - answerA. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II -...

NC Post Licensing 302 JJ Exam Questions And Answers (Verified And Updated) NC 302 Postlicensing Contracts & Closings Regarding Retention of Records 58A.108, a broker must provide copies of transaction documents: A) Within a day of receiving B) Within 3 days of receiving C) Within 5 days of receiving D) Within 14 days of receiving - answerB) Within 3 days of receiving A broker must provide copies of transaction documents:- To the Firm or Sole Proprietorship (BIC) with which they are aff...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...