Ocean county college - Study guides, Class notes & Summaries

Colibri Real Estate Practice Final Exam Questions and Answers 100% Pass Why is the condition of bearing walls more important than non bearing walls? - Answer- Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Answer- transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Answer- Stabilized budget A buyer told broker L...

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A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: - All-Lines Jack and Rebecca own a vacation ho...

A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. three years later - Answer two years later A license ...

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Colibri Real Estate Practice Final Exam Questions and Complete Solutions Why is the condition of bearing walls more important than non bearing walls? - Answer: Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Answer: transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Answer: Stabilized budget A buyer told bro...

PA National Practice Exam - Colibri Real Estate Questions and Complete Solutions Earl orally agreed to an 18-month lease with landlord Blake. Is this contract enforceable? Yes, all oral leases are enforceable. No, all leases for longer than one year must be in writing to be enforceable. Yes, all leases for longer than 6 months are enforceable. No, it is not enforceable unless Earl is older than 50 years old. - Answer: No, all leases for longer than one year must be in writing to be enforc...

A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - Answer We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of license would be: - Answer All-Lines Jack and Rebecca own a vac...