Real Estate Express

THE LANDLORD CAN ISSUE ONE OF TWO THINGS IF THE TENANT IS IN DEFAULT FOR NOT PAYING RENT? - Answers Five-Day Pay-Or-Quit Notice Unlawful Detainer Warrant WHO HAS THE RESPONSIBILITY TO CREATE AND AMEND THE REAL ESTATE CODE OF VIRGINIA? - Answers The Virginia General Assembly - NOT the DPOR or the Real Estate Board WHAT CAN A LANDLORD DO IF A TENANT IS ABSENT FROM RENTAL PROPERTY? - Answers If a tenant is absent from a rental property for more than SEVEN days without notifying the landlo...

that the contract is null and void. - Answer The end result of rescinding the contract is If a contractor is planning to build a new apartment complex, he or she needs to consult the _______ to avoid any potential fines by the United States Attorney General. - Answer Americans with Disabilities Act Standards What is true regarding the platform-frame construction method? - Answer It is the type of construction most generally used in home building. What type of agent has power of attorney...

Yes, because the city is using its power of eminent domain for public good. - Answer A city acquires a 10-foot strip of a property owner's land for a public walking trail. The owner's home is not affected and she is able to use the land. Is the homeowner eligible for compensation? 60 hour post license course - Answer Broker Bill takes his Broker course and passes it. He applies and gets his license on time. He pays all his fees and begins to work. ( He does not have a 4 year degree in real ...

Which date is the beginning of the commissions fiscal year? - Answer July 1 Which of the following is not a requirement to qualify for the position of commissioner in Nevada? - Answer Must never have been actively engaged in real estate business Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer 6 years According to the Nevada administrative code students must receive how many credit hours of real estate education in the Nevada salesperson...

Is it permissible to advertise real estate associated services or products in California without a California real estate license? - Answer Yes, as long as the products or services do not include any actions for which a California real estate license is required. Which regulation or section(s) apply to the use of the Internet for advertising in California? - Answer Commission's Regulation 2770-- sets forth regulations regarding both advertising and doing real estate business over the Interne...

A broker receives an earnest money deposit from the buyer for an offer on a house. What must the broker do with the money? - Answer Deposit the money into the brokerage's existing non-interest-bearing escrow account for all such transactions. A buyer offers a stock certificate worth $12,000 in lieu of cash earnest money to the broker acting as the seller's agent. Can the broker accept the certificate? - Answer Yes, assuming the seller accepts the stock certificate. The stock certificate is ...

What kind of professionals manage the legal aspects of a development project? - Answer Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? - Answer Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property is classified into what three types? - Answer Residential, Commerc...

Real estate that includes non-physical interests, such as easements and restrictions is known as __ - Answer Real Property An item permanently attached to real property, such as an attached fence, is included in the definition of real property. Townships and sanctions - Answer A rectangular survey is composed of Townships that are square tracts of land six miles on each side. A township then is divided into 36 Sections which are square tracts of land one mile on a side. One mile is 5,280 ...

Thad and Pierre made an appointment to view a condo for lease advertised in the newspaper. Thad phoned the landlord and set up a viewing for two hours later in the day. The couple thought the condo was perfect and informed the landlord they wanted to start the application process to lease the condo. The landlord then explained the condo had just been leased. The next Sunday in the classifieds, the condo was again advertised for lease. A friend of the couple phoned the landlord, pretending to be ...

A violation of a Commission rule is -subject to a reprimand for an initial offense. also considered a civil offense and subject to similar disciplinary action. -considered breaking the law and requires a hearing before the judicial board. -considered the same as violating the license law itself. - Answer considered the same as violating the license law itself. In the event of a Commission vacancy -the governor appoints a new member. -the remaining members elect a replacement by majo...