Law for home owners - Study guides, Class notes & Summaries

What is the form you sign that says you will pay the loan back ? - promissory note What is the post licensing grace period after first expiration ? - none Deposits is a form of... - valuable consideration Physical land and improvements - real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - Yes What is the maximum fine per offense ? - $5,000 per fine Out of state broker sends a customer, and ...

NJ Life Producer Exam Correct answers latest update Which of the following amounts must decrease in a decreasing term? Death benefit In life insurance, insurable interest must exist at the time the.. Producer writes an on a proposed insured An applicant makes an offer to the insurer when they pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? Premium Schedule An insurer that...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...

AINS 102 Review Exam Questions 100% Correct Answers New Update Heather and Jeff had the roof blown off their home during a recent storm. Which one of the following best expresses the financial outcome they are currently experiencing? A. No change in their financial outcome B. Lost income C. Increased expenses D. Reduction in property value - Answers - D. Reduction in property value All of the following are considered personal property, EXCEPT: A. Revolver B. Patent C. Cherry tree D...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 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 probabl...

Why might a buyer want to ASSUME a LOAN? The buyer doesn't want to follow a lender qualification process. The existing loan has a lower interest rate than current market rates. The principal remaining on the existing loan is low. The transfer of the property won't need to be approved by the lender if the loan is assumed. - ANSWER The existing loan has a lower interest rate than current market rates. - ASSUMPTIONS are advantageous to a buyer if current interest rates are high and the e...

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...

NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - answerC. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - answerD. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as...

WGU D080 Managing in a Global Business Environment A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? They increase Which type of tariff is put in place to specifically ensure tha...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

Colibri Review Exam Questions and Complete Solutions Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer: 6 Which of the following terms is defined herein: "Every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in Nevada or elsewhere"? - Answer: Real Estate...