Estate auction - Study guides, Class notes & Summaries

Utah Sales Law exam Questions and Answers 100% Pass It is June 18, and your license expired May 30. Which is NOT true? (a) You are now an inactive licensee. (b) You can renew by paying extra during June. (c) You are out of luck! Start over. (d) You can comply with additional requirements and renew till October 31. c Assuming a REPC is accepted on January 25th and a check for $1,000 earnest money is given the same day, what is the latest it can be deposited into the Brokerage Trust ...

An auction listing contract CORRECT ANSWER Must be written to be enforceable Seller CORRECT ANSWER In the contracting to operate a consignment auction this determine the rules of the sale between the auctioneer and the _____ If a public auction your seller directs you to disregard ethical behavior, you should: CORRECT ANSWER Avoid the seller A real estate deed is a document to determine; CORRECT ANSWER Convey land ownership An auctioneers license number must be displayed on: CORRECT ...

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days after terminat...

If, after passing the licensing exam, more than twelve months passes before applying for a license, the applicant must then _______________ before he can apply for a license. - Re-take and pass the exam again. Under the Virginia Residential Landlord and Tenant Act, the security deposit, any accrued interest and any deductions, damages, and charges shall be itemized by the landlord in a written notice given to the tenant together with any amount due the tenant within ____ days after terminatio...

What is a fee claimed for a listing, advertisement or offer to sell or lease real estate CORRECT ANSWER Advance fee What is the maximum liability of an insured for a series of losses in a given period of time CORRECT ANSWER Aggregate limit An individual who is qualified to act under a responsible broker and does not have a supervisory responsibilities CORRECT ANSWER An associate broker A method of sale at a predetermined date and time and exchange conducted verbally,physically, by mail ...

In Maine, a person without a real estate license may A. Receive a referral fee. B. Receive compensation for finding a buyer for a piece of property .C. Sell a relative's house and receive a fee not to exceed 5%. D. Call bids at a real estate auction. CORRECT ANSWER call bids at a real estate auction under Maine Law "real estate brokerage' means: A. The full-time practice of real estate over a two year period. B. To act solely for the client of a real estate agency to the exclusion of...

Who enacts the real estate law in Kansas? A. Kansas Legislature B. Kansas Real Estate Commission C. Kansas Attorney General D. Director of the Kansas Real Estate Commission - Answer- A A real estate license is required to: A. lease agricultural property B. Auction vacant land C. Appraise commercial property D. Lease a duplex - Answer- B An auctioneer, who had a broker's license, received a listing to auction some vacant land. Which of the following would NOT be allowed? A....

Texas Principles of Real Estate II (2023/ 2024) Exam| Questions and Verified Answers| 100% Correct Q: According to value a. Police power b. Ad valorem c. Taxation d. Escheat e. Condemnation Answer: B Q: The government retains the following rights in lands, EXCEPT: a. Eminent domain b. Allodial c. Police Power d. Taxation Answer: B Q: If a landowner sues the government in order to force it to buy his or her land, this is called: a. Reverse condemnati...

1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate license in New York a...

ny real estate exam questions and answers-graded a "real estate broker" - Answer ️️ -any person, firm, limited liability company or corporation, who, for another and for a fee, commission or other valuable consideration, lists for sale, sells, at auction or otherwise, exchanges, buys or rents, or offers or attempts to negotiate a sale, at auction or otherwise, exchange, purchase or rental of an estate or interest in real estate, or collects or offers or attempts to collect rent for ...