Re broker exam 150 - Study guides, Class notes & Summaries

Real Estate brokerage is govern by: - Answer 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - Answer For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant Engage regularly in a business of.....

Agency - ANSWER-Relationship between the principal (client) and agent. Business - ANSWER-Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit - ANSWER-RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer - ANSWER-Owns 5+ Lots within a subdivision Real Estate Division - ANSWER-1. The RE Division of the Department of the Bus...

Colibri Real Estate Exam Questions and Complete Solutions During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? - Answer: During the negotiation stage Why should real estate licensees have good knowledge of the loan programs that are currently available from local banks and other lenders? - Answer: Financing is a critical part of the transac...

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you that this ...

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you that this ...

45 Hour Post License Final Exam Questions & Answers 100% Correct!! If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qual...

SIE Mastery Exam 3 Questions With Accurate Answers. An underwriting commitment where the underwriter is liable for any unsold securities is a(n): - answerFirm Commitment underwriting Under the Securities Act of 1933, new issues are not marginable until how many days have elapsed from the effective date? - answer30 days Under SEC rules, the purchaser of a Regulation D private placement must complete and sign a(n): - answeraccredited investor questionnaire The separation of investment bank...

Louisiana Real Estate Latest Update with Verified Solutions to notify LREC of purchase or acquisition of a licensed agency by another licensed agency 2 days return licenses or timeshares registrations to LREC when revoked or suspended 72 hours sponsoring broker must return license to LREC when licensee is transferring to another broker or terminating the sponsorship 5 days appoint new qualifying broker upon death of qualifying broker 5 days notify LREC after closing escrow account 10 days r...

45 Hour Post License Final Exam Questions & Answers 100% Correct!! If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qual...