Real property realty Study guides, Class notes & Summaries
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NY REAL ESTATE EXAM -REVIEW QUESTIONS
- Exam (elaborations) • 20 pages • 2023
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1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - Answer- -B: Salesperson can accept compensation only from their sponsoring broker. 
 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - Answer- C. As of July 1,2008 to become a broker you must be 20 years old. 
 
3-Which of the following acts would require a real estate license in New York 
a. Sal...
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Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practi
- Exam (elaborations) • 7 pages • 2023 Popular
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Texas-Principles of Real Estate=1 Exam 
Practice Questions and Answers Verified 2023 - 
Champions School of Real Estate 
Texas - Principles 1 Exam 
Practice Questions and Answers 
Verified 2023 - Champions 
School of RealEstate 
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 
1. a: Townhomes and single-family homes differ in that a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
o...
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CPCU 500: Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update)
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CPCU 500,Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) 
 
Q: Loss Exposure 
 
 
Answer: 
Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 
 
3 Elements of a Loss Exposure: 
-An asset exposed to loss 
-Cause of loss (peril) 
-Financial consequences of that loss 
 
 
 
Q: Types of Loss Exposures 
 
 
Answer: 
Property Loss 
Liability Loss 
Personnel Loss 
Net...
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Nevada State Real Estate Final Exam Questions and Answers Already Passed
- Exam (elaborations) • 19 pages • 2024
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Nevada State Real Estate Final Exam 
Questions and Answers Already Passed 
 
A consumer filed a complaint with the Nevada Real Estate Division claiming that Salesman 
Jones lied about the location of a proposed freeway. Upon receiving the complaint: 
a the Nevada Department of Highways will be contacted by the Division. 
b the Administrator will appoint a Hearing Officer. 
c the complaint will be turned over to the Department of Consumer Affairs. 
d the Administrator will initiate an investigati...
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Champions; Texas) Real Estate Exam Prep 2023 with 100% correct answers
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appurtenance - correct answer -term used to describe rights, privileges or improvements that belong to and pass with the land 
 
improvements - correct answer -man's additions to the land such as building and landscaping 
 
personal property - correct answer -also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. 
 
bill of sale - correct ans...
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ains 103ains 103 questions answers graded A+
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Loss exposure - ANS-Any condition or situation that presents a possibility of loss, whether or not an 
actual loss occurs. 
Property loss exposure - ANS-A condition that presents the possibility that a person or an organization 
will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in 
which that person or organization has a financial interest. 
Real property (realty) - ANS-Tangible property consisting of land, all structures permanently attache...
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Real Estate Finance and Investments 15th Edition By Brueggeman - Test Bank
- Exam (elaborations) • 116 pages • 2023
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CHAPTER 3 
Mortgage Loan Foundations: The Time Value of Money 
 
TRUE/FALSE 
 
1.	In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 
 
2.	One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 
 
3.	At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 
 
4.	The future value of $800 deposited ...
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions
- Exam (elaborations) • 214 pages • 2023
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312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? 
 
a. Nonrepresentation 
b. Single agency 
c. Dual agency 
d. Transaction brokerage - Answer- D. Transaction brokerage 
 
242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: 
 
a. Automatically be revoked 
b. Automatically be suspended 
c. Probably be revoked because of the 
con...
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Law of Contracts - CHAMPIONS TEST 2023 (Answered)
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Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud 
 
The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days 
 
__________ extend above the surface without limitation. - Answer- air rights 
 
An example(s) of an appurtenance would be: - Answer- easements 
 
There is no upper limit on the value of a Texas homestead. - Answer- true 
 
A(n) __________ is one that combines some of ...
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Law of Agency – Champions Exam Questions and Answers (Graded A)
- Exam (elaborations) • 4 pages • 2023
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - Answer- 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? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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