If the seller - Study guides, Class notes & Summaries
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
- Exam (elaborations) • 51 pages • 2023
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+
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Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ 
The TREC residential contract forms are: 
Drafted by the Broker Lawyer Committee 
 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: 
fraud 
 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. 
goods 
 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: 
Enter into a Seller's Temporary Residenti...
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS
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WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS 
The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." 
An appra...
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301- North Carolina Post Licensing | 60 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Can an inactive agent be paid a referral commission if they were active at the time they made the 
referral? - Yes. If and only if they were active at time of referral 
Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and 
signed by both parties 
At a listing appointment, the agent should be gathering all information for listing and what? - 
Advertising 
May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC 
ov...
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PSI Exam Questions and Answers 100% Pass
- Exam (elaborations) • 48 pages • 2023
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PSI Exam Questions and Answers 100% Pass what would prevent a seller from providing marketable title Mechanics lien 
the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa 
If a license mentions MLS when advertising, the advertisement must include the name of the MLS 
According to the New Jersey Real estate Licensing Laws, which of the ...
And that's how you make extra money
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NCREL Post Licensing 301 Broker Relationships and Responsibilities | Questions with 100% Correct Answers | Verified | Latest Update 2024
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A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - 
Before buyer and agent discuss motivation or financial information. 
What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, 
& Reasonable care 
(OLD CAR) 
As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - 
Dual Agency - agent cannot advise or council 
Material facts which must be disclosed - ...
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Rockwell Exam 4 Questions and Answers 100% Verified
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Rockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% VerifiedRockwell Exam 4 Questions and Answers 100% Verified 
Once a contract for deed is signed by the parties, the buyer immediately receives: 
 
A. a life estate 
B. legal title 
C. equitable title 
D. the right to lease the property - ANSWER-C. equitable title 
 
A buyer receives equitable title to the property once the land contract has been signed 
 
A real estate broker represents the seller in a ...
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Florida Real Estate Exam Questions With Solutions Latest Updated 2023-2024 Rated 100%
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Florida Real Estate Exam Questions With Solutions Latest Updated Rated 100%. In which form of co-ownership is a person's ownership inheritable? a. Joint tenancy 
b. Tenancy by the entirety 
c. Tenancy in common 
d. Tenancy in severalty 
c. Tenancy in common allows for a persons share to be inheritable, it does not automatically pass 
forth to the rest of the owners like in joint tenancy (this is called the right of survivorship). 
Florida Real Estate Exam Questions With 
Complete Solutions Lat...
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PSI Exam Questions and Answers 100% Correct| Latest 2024
- Exam (elaborations) • 19 pages • 2024
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PSI Exam Questions and Answers 100% Correct| Latest 2024 
what would prevent a seller from providing marketable title 
Mechanics lien 
the seller has required that the buyer must use his title insurance company and that 
brokers reduce their portion of the real estate commission, increasing the sellers net 
proceeds 
This is illegeal according to respa 
If a license mentions MLS when advertising, the advertisement must include 
the name of the MLS 
According to the New Jersey Real estate Licen...
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HFL1501 Assignment 5 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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Well-structured HFL1501 Assignment 5 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . Question 
1 
Not yet answered 
Marked out of 1.00 
QUIZ 
Identify whether the following statement is 
true or false 
: 
In terms of Roman legal principles, theft qualifi ed as a crime. 
Select one: 
True 
False 
Time left 
1:49:29 
UNISA 
2024 
HFL1501-24-S1 
Assessment 5 
Question 
2 
Not yet answered 
Marked out of 1.00 
QUIZ 
Consider the case o...
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