If the broker finds out - Study guides, Class notes & Summaries

Missouri Real Estate A license may be granted to which of the following ️An applicant who filed bankruptcy in the last 5 years Broker Ty appoints salesperson Edwina as a buyer's agent and salesperson Edmond as a seller's agent. Why is Broker Ty doing this ️To avoid dual agency A broker in a written agreement with a landlord: ️Is a landlord's agent Selling a home "as is" ️Does not relieve a licensee from disclosing known adverse material facts. If the Missouri Real Esta...

1. Mutual assent to a real estate contract is indicated by (page 98) A. attestation. B. offer and acceptance. C. acknowledgment. D. seals. ☑: B ( This indicates a meeting of the minds.) 2. An example of an executory oral contract that is enforceable would be a (page 99) A. lease for six months starting in 6 months. B. sale of a lot for less than $500. C. lease for two weeks starting in 12 months. D. sale of drapes for $600. ☑: A (A lease for one year or less that can be fully pe...

Ms Real Estate Mississippi Practice Exam Questions and Answers 100% Correct Ms Real Estate Mississippi Practice Exam Questions and Answers 100% Correct Ms Real Estate Mississippi Practice Exam Questions and Answers 100% Correct Ms Real Estate Mississippi Practice Exam Questions and Answers 100% Correct A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by: - ANSWER the Real Estate Commiss...

Oregon Real Estate All Test Questions & Answers, Graded A+/ verified. How many types of licenses can a real estate licensee have at the same time? - -1 Which of the following activities/persons are not exempt from real estate licensure under ORS 696.030? -A non-licensed individual acting as attorney in fact under a power of attorney executed on September 2005 -A person testifying before a court as to the value of real property -An attorney rendering services in the performance of duties...

MD Real Estate License Exam Questions and Answers 2024 with complete solution The buyer must work exclusively with the broker during the term of the agreement. - answerWhich of the following is one of the buyer's responsibilities as stated in the Maryland exclusive buyer agency agreement? -The buyer must work exclusively with the broker during the term of the agreement. -The buyer has seven days to consent to being represented by a designated or dual agency before terminating the agreeme...

Which of the following is legal advertising on a sign? "For rent by owner/agent, 555-1234," on a building owned, but not listed, by a broker. Affiliate broker Bird has been licensed for at least two years. He has just passed the state broker examination and would like to apply for a broker's license. In order to meet the requirements, he must include which of the following with his application? Proof of satisfactory completion of 120 classroom hours approved by the Commission. ...

final colibri real estate exam PT Questions and Answers 100% Pass Who can train office staff at a brokerage firm in weekly meetings? - Answer- All of the above Which step in the construction building process is likeliest to be first? - Answer- Grading Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? - Answer- All of the above The term "business ethics" applies to which of the following statements? - Answer- ...

COLORADO REAL ESTATE EXAM - STATE PORTION EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ A real estate broker filling out a listing agreement finds that there is not enough room for the legal description. The broker may: - -Attach the legal description as information may be added outside the body of the contract A licensee may accept compensation from: - -The licensees employing broker only When a licensee uses a licensee buyout addendum you are putting the seller on notice...

WASHINGTON STATE MANAGING BROKER EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. At what point has listing agent earned a commission? - -When a ready, willing, and able buyer is found. If the seller backs out after accepting the offer, even if the buyer agrees to a rescission, the commission is still due. At closing, a sale doesn't go through because the seller's anticipated transfer to another city gets suddenly postponed, and the seller no longer wants to sell. Does the seller owe...

John is an unlicensed real estate assistant. His boss, Broker Ben, is out of town. John holds an open house on Ben's behalf. Evaluate John's actions. - Answer It is a violation of TREC's rules for an unlicensed assistant to hold an open house What, if known, could cause a buyer or seller of real estate to take a different course of action or make a different decision regarding the property purchase? - Answer Material Facts Which of the following is NOT true about brokerage office po...