Real estate recovery fu - Study guides, Class notes & Summaries

FL Disciplinary Procedures and the Real Estate Recovery Fund Unit Exam Questions And Answers Latest 2024/ 2025 Graded A+ | 100% Verified!

Ch 63 The Kentucky Real Estate Commission and the Real Estate Education, Research and Recovery Fund

actual notice - CORRECT ANSWER-own it Constructive notice - CORRECT ANSWER-record something in public records How Is Real Estate Recovery Funded ? - CORRECT ANSWER-by fees & fines Eminent Domain - CORRECT ANSWER-government has right to take away public use citizens can't refuse to sell) immune properties - CORRECT ANSWER-government owned lot & block - CORRECT ANSWER-residential sub-division surgery system Metes and Bounds - CORRECT ANSWER-oldest method of land description & provides t...

What is the purpose of the real estate recovery fund? - Answer reimburses anyone harmed by illegal acts of an Indiana licensee - only covers ILLEGAL acts not unethical to participate in a referral service, the broker must A. be a member of a franchise B. be licensed in a state sending referrals to C. written agreement established with cooperating broker D. place their license in referral status with the Indiana Real Estate Commission - Answer D. place their license in referral status w...

actual notice - CORRECT ANSWER-own it Constructive notice - CORRECT ANSWER-record something in public records How Is Real Estate Recovery Funded ? - CORRECT ANSWER-by fees & fines Eminent Domain - CORRECT ANSWER-government has right to take away public use citizens can't refuse to sell) immune properties - CORRECT ANSWER-government owned lot & block - CORRECT ANSWER-residential sub-division surgery system Metes and Bounds - CORRECT ANSWER-oldest method of land description & provides t...

What is the purpose of the Real Estate Recovery Fund...? - Answer-Provide a means by which *an injured party can collect a judgement award* A buyer submitted an earnest money check along with the offer to purchase. However, the seller refused the offer. At which time may the buyer receive the earnest money check...? - Answer-Immediately Which of the following is acting as an agent for the buyer and for the seller in the same transaction...? - Answer-Dual agent Who may amend or modify th...

Texas Real Estate Commission (TREC) - ANSWER - -created in 1949 -purpose: to administer the provisions of the License Act -authority to make rules and regulations -9 members (3 represent the general public, 6 are real estate brokers) -all appointed by the governor and approved by the Senate -serve 6 year terms -has the power to subpoena books, records, and witnesses -has the power to issue or revoke Real Estate Licenses