A salesper - Study guides, Class notes & Summaries

Obligation - Answer A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - Answer An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - Answer A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - Answer A contract in which each party obtains an advantage i...

Colibri Real Estate (Real Estate Express) Final Exam Review | 2024 75-Hour Georgia Salesperson Prelicense Course

Virginia Salesperson's License Study Guide Questions With All Correct Answers!!

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 plus a bonus to one of her licensees. D) Jane paid a commission to a Florida licensee who is not ...

What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - Answer-D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior to the sale, a separate written disclosure as to the ...

What industry is considered to be the largest in the US? The Real Estate Industry Which category of real estate related tasks do real estate salespersons spend the bulk of their time and effort in? Sale or transfer What are property sales at the mercy of? The local economy An overabundance of lower-priced homes with many more buyers than homes available is called? A seller's market A number of higher-priced homes for sale with only a few buyers in that price range would make...

PA STATE SALESPERSON TEST

Virginia Salesperson's License Study Guide Latest 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Real Estate Salesperson California State Exam | 100% Correct Answers | Verified | Latest 2024 Version

Virginia Salesperson's License Study Guide What is the penalty for violating the disclosure provisions of the Virginia Dealer Licensing Act's "As Is" law? A. A $1,000 fine. B. The customer may return the vehicle. C. A 10 day suspension of the dealer's license. D. Both A and B above. - Answer ️️ -D. Both A and B above Vehicles can be sold in Virginia "As Is" if A. A Buyers Guide is completely filled out, signed, and dated by the buyer. B. The dealer provides the buyer, prior t...