Who can be a broker - Study guides, Class notes & Summaries

How does a broker prove they are not culpable if an agent makes a mistake? 1. Reasonable supervision was available to agent 2. Broker had nothing to do with the infraction 3. The broker did not ratify the infraction (Did not see it happen without telling them to stop) What are Trade fixtures and how can they be removed? Trade fixture - item of personal property attached to land or building leased by a tenant who uses the item in a trade or business - Can be removed before lease ends by ten...

Colorado Title Test Questions and Answers 100% Pass AGENTS' LICENSES TO REPRESENT A NATIONWIDE BUSINESS CONDUCTING BUSINESS IN COLORADO ARE ISSUED BY? THE COMMISSIONER OF INSURANCE OF THE STATE OF COLORADO THE APPROVED MANNER IN WHICH A TITLE INSURER IS SUPPOSED TO WRITE OVER, OR INSURE THROUGH, RECORD ENCUMBRANCES OR DEFECTS IN TITLE IS? BY A SPECIALLY FILED ENDORSEMENT PURSUANT TO THE PROVISIONS OF THE UNIFORM PROBATE CODE, THE ADMINISTRATION OF THE ESTATE OF A COLORADO RESIDENT WHO DIED O...

Missouri Real Estate Exam Questions and Answers 100% Pass The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years By what title is Chapter 339 of the Missouri State Statutes also known? The license law If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker Broker Kelley took a listin...

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Slowly, production facilities gear up to meet the new consumer demand, capital begins to flow back into business enterprises, and additional employees are hired. The three types of operating expenses of an income property are A) fixed, debt service, and...

CA Pesticide Regulation Exam Study Guide 2024 Already Graded A Who certifies pest control aircraft pilots? FAA Who must PCA's supply copies of the recommendation to? Pest Control Dealer & applicator, or Operator of the property How long must PCA's retain copies of each recommendation? 1 year How many CE hours are required for PCA? 40 hours; 4 of Laws & Regs How many CE hours are required for QAL/QAC? 20 hours; 4 Laws & Regs Licensed Pest Control Dealers must have a Designat...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary...

Aceable Law of Agency Review Exam Questions with 100% Correct Answers Here are the four major types of agency acts: - answerListing Buying Leasing Property Management TREC's purpose is to - answerregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds their characte...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - ️️a contract Antitrust laws prohibit competing brokers from all of the following - ️️1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by - ️️all current owners of real estate fronting on that road...