Fair housing and ethics - Study guides, Class notes & Summaries

Maryland Real Estate Study Questions with Verified Solutions Licensee Commissioner Must be licensed for at least 10 YEARS Area Representative of the Real Estate Commission must have Lived in area for 5 YEARS Commission must provide a copy of the Code of Ethics to each licensee on the website every 2 YEARS Commission must provide a copy of Regulations to each licensee on the website every 2 YEARS Commission must submit an annual report to the secretary how often? ANNUALLY M...

McKissock Basic Appraisal Principles | 519 QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE re...

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...

McKissock Basic Appraisal Principles | 519 QUESTIONS With Answers Latest 2024/2025| Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE r...

Real Estate License Exam Prep – QuiWhen may a person use the term REALTOR? A.) after becoming a member of the National Association of REALTORS B.) after closing a successful transaction C.) if his broker says it's okay D.) right away after passing the real estate license examination - ANSWER A.) after becoming a member of the National Association of REALTORS Which is NOT an advantage of a career in real estate sales A.) possibility of owning your own brokerage with additional trai...

Diversity refers to (blank) : - correct answer Ethnicity, race, religion Age, gender, gender identity, disability Communication style, physical characteristics, sexual orientation According to the U.S. Census Bureau, minorities now constitute what fraction of the American population? - correct answer 37% How many foreign-born immigrants live in the U.S.? - correct answer ...

Final Exam TN Real Estate Course Questions and Answers with Verified Solutions A Tennessee licensee must use the "Exclusive Right to Sell" form - Answer ️️ -required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a - Answer ️️ -limited agency. When must the contract be in writing? - Answer ️️ -John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparable...

SAFE Act/ Uniform State Test (UST) Latest Update Graded A+ SAFE Act purpose is to create uniform regulation of mortgage loan originators in every state Secure and Fair Enforcement for Mortgage Licensing Act of 2008 SAFE Act Regulation H for state licensed Regulation G for Federal Depository Institutions Before the crash of 2007, there was very little regulation of... Loan Originators HERA was created... The Housing and Economic Recovery Act was created to regulate those who ori...

Which of the following would be an example of a licensee specializing in business type? - Jim specializes in clients who want to buy restaurants. Which of the following statements is not true? - A broker is not responsible for the acts of independent contractors. Which of these statements is true? - Salespersons must perform all of their activities on behalf of their employing broker. Which of the following circumstances would concern you about working for Broker John? - John expects hi...

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...