Mn salesperson - Study guides, Class notes & Summaries

MN Real Estate State Test Practice Questions with Verified Solutions Carmen was hired by the Navarreses to build a walk-in closet. She included a lien notice in the original contract. The Navarreses have provided final payment. What does Carmen need to do to remove the lien associated with this contract? Deliver a lien wavier to the Navarreses. Which of the following might qualify for reimbursement from the Minnesota Petroleum Tank Release Cleanup Fund (Petrofund)? Six years ago, Miles...

a homeowner of a new construction property must send a written notice to the contractor within _____ months of discovering a defect. After receiving the written notice, the contractor must inspect the home and the defect within _____ days. Once the contractor has completed the inspection, they must provide the owner with a written offer to repair within ____ days of the inspection. Any action (lawsuit) the homeowner may take to recover damages or force the contractor to perform must occur wi...

MN Practice Exam Questions and Answers with Verified Solutions Charlene, a landlord in Minnesota, collected screening fees from several applicants. When can she deposit these fees? She can deposit the fees after all applicants have been screened and either rejected or offered a rental unit. Zenya works for a lender in Minnesota and is initiating foreclosure by action proceedings on a property. If you were to look at the security instrument for this property, which of these clauses is ...

MN Real Estate License Law – Questions and Answers Rated A+ What's the purpose of real estate license law? To protect consumers How is license law governed? By laws and regulations Which entity is in charge of licensing real estate professionals in Minnesota? The Department of Commerce's Licensing Unit What authority does the commissioner of commerce have? To hold hearings, examine records and documentation, subpoena witnesses, require sales reports, require the payment of ...

MN Course 1 Exam Prep: Licensing, Agency, and Contracts questions and answers latest top score. How many hours of education must an applicant for a salesperson's license take in Minnesota before sitting for the exam? - correct answers.30 (Course 1) How many hours of education must an applicant for a salesperson's license take in Minnesota before applying for a license? - correct answers.90 (Courses 1, 2, and 3) What's a passing percentage for the Minnesota sales...

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 ...

MN Course 1 Exam Prep: Licensing, Agency, and Contracts With Questions and Answers How many hours of education must an applicant for a salesperson's license take in Minnesota before sitting for the exam? (Answer) - 30 (Course 1) How many hours of education must an applicant for a salesperson's license take in Minnesota before applying for a license? (Answer) - 90 (Courses 1, 2, and 3) What's a passing percentage for the Minnesota salesperson license exam? (Answer) - 75% How is the ...

TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-7. All Chapters 1-23. (Complete Download) Version 1 1 CHAPTER 1 1) Which of the following is not considered to be a separate entity for tax purposes in Canada? A) An individual B) A proprietorship C) A corporation D) A trust 2) Which of the following attitudes and actions is most likely to help decision-makers develop an efficient app...

MKT 3250 Exam 2 | Verified with 100% Correct Answers The ________ function represents the role that Hope Spring's distributors have in storing, sorting, and transporting bottled water to the Coffee Collective. Logistical A(n) ________ is an intermediary who sells Hope Springs' bottled water to retailers such as The Coffee Collective. Wholesaler By satisfying the customer service factor of ________, the distributor will ensure that deliveries of Hope Springs' bottled water to The Coffee Coll...

MN Real Estate Exam Already Rated A+ Real Estate Agency What are the four forms of agency relationships in real estate? Options: a. Seller's Agent, Buyer's Agent, Dual Agent, Facilitator; b. Listing Agent, Buyer's Agent, Real Estate Broker, Property Manager; c. Realtor, Real Estate Agent, Real Estate Broker, Property Owner; d. Agent, Broker, Facilitator, Consultant Answer: a. Seller's Agent, Buyer's Agent, Dual Agent, Facilitator; When must the agency disclosure form be provided...