A listing agre - Study guides, Class notes & Summaries

Pearson Vue Test questions with 100% correct answers Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? A. Emblements B. Personality C. Fixtures D. Appliances -Correct Answer-C A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: A. salesperson and the seller B. salesperson and the buyer C. salesperson and t...

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Pearson Vue Assessment Test Questions with Correct Answers When a buyer purchases a property subject to a seller's existing mortgage, which of the following statements is CORRECT? A. The seller's credit will not be affected by foreclosure on the property. B. The seller is released from all liability of the loan. C. Any mortgage loan obtained by the buyer to complete the purchase will be a first mortgage loan. D. The seller's obligations under the existing mortgage remain un...

Mark, a licensed broker, procures a ready, willing, and able buyer for his seller-principal. The seller accepts the buyer's offer in writing. Just before the schedule closing, the seller has a change of heart and refuses to sell. Mark - Answer- is entitle to collect a full commission A real estate company has entered into agency agreements with both a seller and a buyer. The buyer is interested in making an offer on the seller's property. Can this occur? - Answer- Yes, if the buyer and sell...

QUESTIONS AND ANSWERS

Ohio Real Estate Exam Practice Questions with Complete Solutions 2023 May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - Correct Answer CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first i...

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Exam: Law of Agency – Champions 2023 fully solvedWhich of the following has the authority to suspend or revoke a Texas real estate license? TREC Which of the following is an element of a listing agreement? the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by t...

USPAP appraiser Laws and Policies Questions and Answers 2023/2024 The party who engages an appraiser is the - Answer client Assumes conditions contrary to a known fact - Answer hypothetical condition Services performed by an individual acting as an - Answer Appraisal Practice Documents the support for the appraisers' conclusions - Answer Work file Presumes as fact otherwise uncertain information - Answer extraordinary assumption A preference that precludes an appraiser's impart...