Fair housing amendment Study guides, Class notes & Summaries

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...

Fixity land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs location preference from an economic standpoint rather than geographical Economic Characteristics of Land scarcity, modification, fixity, situs 3 physical characteristics of land non-homogeneity, immobility, and indestructibility Texas Real Estate License Act Passed in 1949 and created TREC. It consist of 9 members, 6 Brokers & 3 General public memb...

Penalties can include: Fines - Up to $_______ for each offense; License Suspension - Up to _____ years; License Revocation - ______________ practice real estate in the state of Florida. $5,000 for each offense; 10 years; Permanent loss of the ability to practice real estate in the state of Florida. The Recovery Fund can also be used to reimburse a consumer who won a court case against a broker who followed an _______________. •The fund would pay the broker's costs and legal fees...

NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...

Amendment I : restrictions on powers of Congress - Answer-1. separation of church and state 2. government cannot endorse any religion 3. all individuals must be allowed to worship or not worship as they choose 4. all individuals have the right to freedom of expression of their ideas (I. E., Freedom of speech, press, and assembly) 5. individuals who feel they have been wronged have the right to petition the government to rectify the circumstances Amendment IV - searches, seizures, and warr...

Federal Fair housing laws forbids discriminatory practices by parties including: correct answersOwners of property Lenders Real Estate Brokers all of the above Use of the TREC promulgated One to Four Family Residential Contract (resale)is allowed on the sale of a residential condominium correct answersfalse What is the status of a contract if the seller does not make the buyer aware of a property being located in a municipal utility district? correct answersVoidable by the buyer the ...

SPM4723 Legal Issues in Sports Exam II (Answered) Complete Verified Solution 2023/2024 State Actors A person who is acting on behalf of a governmental body. Strict Scrutiny Test A Supreme Court test to see if a law denies equal protection and if it's necessary to accomplish COMPELLING state interest - for FUNDAMENTAL rights (racial discrimination, religion). Mild Scrutiny Test A Supreme Court test to see if a law denies equal protection and if it's rationally related to LEGITIMATE state ...

WI real estate salesperson terms & definitions Exam All Questions Marking Scheme 0-Bedroom Dwelling - Answer -any residential dwelling in which the living area isn't separated from the sleeping area Abstract of Title - Answer -condensed history of a property's title showing in chronological sequence, matters such as conveyances, liens, & encumbrances that have been recorded against the title in office of the register of deeds or other public recording place Acceleration Clause - Answe...

1. Broker A accepted a deposit from Buyer B with an offer on a property, and promptly deposited the Buyer's check into his Trust Account. Seller rejected the offer and Buyer demanded the deposit back—immediately. Broker wrote check to Buyer from Trust Account, but later learned that Buyer's original check had not cleared due to insufficient funds. Which of the following statements is correct? a. Broker violated Real Estate Law by refunding Buyer's deposit before receiving notice it had cle...

WRA EXAM 2024 WITH COMPLETE SOLUTIONS. 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? - 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." ...