Nar code of ethics - Study guides, Class notes & Summaries

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

Chapter 1 Review Questions & Practice Exam 45 hr Post licensing Accurate100% Farming - ANSWER Specilizing n one type of property or on one particular neighborhood is a practice referred to as The sale of any improved residential property 4 units or fewer, including condo units, unimproved property intended for 4 units or fewer, agricultural properties 10 acres or less, leases with options to purchase all or airtime of improved property of 4 or fewer res. Units and disposition of business int...

45 Hour Post License Florida Farming Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units ...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

45 Hour Post License Florida Farming Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units ...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

(DPREC) How many real estate commissioners are there and how long do they serve? - 4 serving 4 year terms (DPREC) Which activity does not require a real estate license? - Property management (DPREC) What is the maximum penalty for brokering a real estate deal without a license? - up to $5,000 and a year in jail (DPREC) Which organization monitors the code of ethics? - NAR (National association of Realtors) (DPREC) Which activity does IREC NOT have authority over? - To force a broker to c...

Code of Ethics: Duties to clients and customers: - 1. Do not provide misleading information 2.Represent both parties in the same transaction only after full disclosure and with both parties being consented and informed. 3. Submit all offers and counteroffers quickly and objectively. 4. Maintain the obligation to preserve confidential information during and following the termination of a clients relationship. 5. Avoid exaggeration, misrepresentation or concealment of pertinent facts r...

Nebraska license law Question and answers already passed Nebraska license law License law - correct answer Particular state laws having to do with qualifications, licensing, and oversight of real estate or other professionals are known as______. These laws are passed by the state legislature Pre license education - correct answer To obtain a real estate salesperson’s license, one must furnish evidence of completion of____ which includes two commission approved courses in real estate s...

The Five Canons; Fidelity - correct answer place no personal interest above the client's interest The Five Canons: Integrity - correct answer -has a special obligation to perform their responsibilities -must use caution to avoid misrepresentation by acts of commission or omission The Five Canons of Professional Ethics and Conduct - correct answer Fidelity Integrity Competence Consumer Information Form Discriminatory Practices *If a person believes the licensee violated TRELA (The Real E...