Indiana real estate exam - Study guides, Class notes & Summaries

Abandonment - ANSWERSThe failure to occupy and use property that may result in loss of rights Abatement of Nuisance - ANSWERSExtinction or termination of a nuisance Abstract of Judgement - ANSWERSA condensation of the essential provisions of a court judgement Abstract of Title - ANSWERSA summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...

Indiana Real Estate Exam Questions Missed Already Graded A+ You will be affiliating with one of Regal Realty's branch offices, and you sign an employment agreement with your managing broker. What's the purpose of the employment agreement? ️To describe the terms of your working relationship, including your compensation Sheperton Realty, an Indiana brokerage company, receives notice that the Indiana Real Estate Commission wants to inspect the brokerage records. Which of these is a tr...

the surface Zoning Administration - ANSWERSZoning Board of Adjustment oversees rule administration and appeals Real estate - ANSWERSland plus manmade permanent attachments Real property - ANSWERSreal estate plus bundle of rights Bundle of Rights - ANSWERSPossess Use Transfer Exclude Encumber Physical Characteristics - ANSWERSImmobility; indestructibilit; hetoerogeneity Immobility - ANSWERSLand cannot move; forever fixed Indestructibility - ANSWERSLand is permanen; No depreci...

the surface Zoning Administration - ANSWERSZoning Board of Adjustment oversees rule administration and appeals Real estate - ANSWERSland plus manmade permanent attachments Real property - ANSWERSreal estate plus bundle of rights Bundle of Rights - ANSWERSPossess Use Transfer Exclude Encumber Physical Characteristics - ANSWERSImmobility; indestructibilit; hetoerogeneity Immobility - ANSWERSLand cannot move; forever fixed Indestructibility - ANSWERSLand is permanen; No depreci...

Indiana Real Estate Exam Prep Review Already Passed Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot move; forever f...

Indiana Real Estate Exam Questions and Answers 100% Pass The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - Answer- Broker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - Answer- Salesperson, broker A salesperson can receive ______ ONLY from that broker. - Answer- compensation A salesperson has _______ to make contracts with or ______ from any other party. - Answer- ...

Law that regulates Indiana real estate - correct answer title 876 who gives license - correct answer the Indiana real estate commission sanction - correct answer a disciplinary action imposed by the real estate regulatory board against a violator of real estate law probation - correct answer a sanction that requires the practitioner to meet the designated requirements to terminate the probation status Suspension - correct answer prohibits practice for a period of time summary susp...

The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - ANSWERSBroker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - ANSWERSSalesperson, broker A salesperson can receive ______ ONLY from that broker. - ANSWERScompensation A salesperson has _______ to make contracts with or ______ from any other party. - ANSWERSno authority, receive compensation A brokers commission i...

A broker's protection clause, when inserted into a listing agreement, serves this function: - ANSWERSTo entitle the broker a commission if the property is sold to parties with whom he/she has negotiated during the term of the listing for a stated number of days after the listing expires A legal document pledging a property to the lender as security for payment of a debt is called: - ANSWERSA mortgage What does a desist and refrain order do if issued by the real estate commissioner? - ANSW...

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...