Qualifying the buyer - Study guides, Class notes & Summaries

A state license is required for anyone who: a)sells their own property b)sells property for other people c)a and b d)none of the above ️: sells property for other people Which of the following arrangements does not qualify as an agency relationship in real estate transactions? a)a seller hires a broker to help locate a buyer b)a broker hires a sales associate to help locate buyers for properties or properties for buyers c)a buyer hires a broker to help locate a property for pur...

Real Estate Post-licensing Course - Unit Exam Questions With Verified And Updated Answers. Alabama's consumer information booklet can replace the Real Estate Brokerage Services Disclosure form in which situations? - answerIt can never be used to replace the disclosure form. You're working with Angela, your buyer customer. Since there's no agency relationship in place, it's important for her to understand which of the following? - answerYou represent the seller. Which of the following...

New Jersey Real Estate State Exam Practice Questions with Correct Answers The commission will rule that someone could never again get a license after how many violations? - Answer-3 Rebate of part of a commission may be paid to a A) Seller only B) Buyer only C) Home inspector D) Seller or buyer - Answer-B - Buyer only The Real Estate Commission must give a licensee how much notice before a hearing is held on a possible violation? - Answer-10 Days A real estate firm holds a door-p...

Accrued interest on loan assumed. - Answer Which of the following costs is usually a credit on the estimated purchaser's cost worksheet? Hazard insurance is - Answer prepaid in advance negotiable between the buyer and seller - Answer The payment of the intangibles taxes are: If neither Baird or Carr are licensed as brokers, a qualifying broker must be hired and must be named as an officer of the corporation - Answer Licensees Baird and Carr decide to form a corporation for the ...

Alabama License Law Exam Questions Complete Guide In the state of Alabama, what is the difference between a customer and a client? A. a client pays the commission B. a client is a seller while a customer is a buyer C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer ️D Which of the following is NOT an allowed brokerage relationship in Alabama? A. a limited nonconsensual dual agency B. a single agency C. a sub ag...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...

Principles of Real Estate 1 Exam With 100% Correct Answers 2024 brokerage - answerThe business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker - answerA person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee real estate salesperson - answerA person performing any of the acts included in the definition of real estate broker bu...

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

To clearly create standards of behavior within a company, which of the following would be a good idea? - ANSWER 1) [CORRECT ANSWER] Create company manuals. 2) Provide mandatory ethics training. 3) Set up anonymous reporting system of other employee's bad behavior. 4) All of the above. A condo management company can put a lien against property and force foreclosure when an owner does/does not do what? - ANSWER 1) Doesn't pay their property taxes on time 2) [CORRECT ANSWER] Doesn't pay t...

As a general rule regarding HST, the sale of farmland is taxable unless what exemptions apply? - - A farmer who uses a smaller portion of the farm for living (this smaller portion would not be business and therefore HST exempt.) - The farm is sold to a relative, a former spouse or a common-law partner. - A corporation, trust or partnership sells the farm to a partner, beneficiary, shareholder or a related person. - A farm that has been used not as a business but for personal use only. Bec...