Real estate salesperson - Study guides, Class notes & Summaries

New York State Real Estate Salesperson Licensing Exam 2024

In NYS, how old must one be to enter into contracts? 18 What other capability should they possess? Mental and emotional capability What happens if one of the parties to the contract is a minor? The contract is voidable by the minor What does the zoning board of appeals do? Grants variances What regulates construction standards in NYS? Building codes What does municipal engineer's office do? Oversees planning and construction of major highways, sweet syst...

PSI Real Estate Salesperson exam 1 Questions Solved Correctly (Latest Update 2023) 68 Questions

California: Real Estate Principles Practice Exam 1 - Salesperson License/ Q&A. 1 of 50 - Which form of payment is most common for a property manager? A. A percentage of income. B. A salary. C. A flat fee. D. All of the Above - Answer: A. A percentage of income. 2 of 50 - Which of the following is exempt from the Natural Hazards Disclosure? A. A special flood area. B. A geological hazard. C. A wildland high fire severity area. D. A seismic hazard zone. - Answer: B. A geological ha...

Colibri Real Estate (Real Estate Express) Final Exam Review 2023 75-Hour Georgia Salesperson Prelicense Course

NV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% CorrectNV State Real Estate Salesperson Exam 2023-2024 Questions and Answers 100% Correct After the collection of the advance fee, when should it be itemized and accounted for? - ANSWER-3 months What must one have in order to collect an advance fee? - ANSWER-A real estate license. How many days for broker to refund buyers on land purc...

Real estate U Final Exam Questions and Answers | 100% Correct | 2024 Update | 18 Pages Article 12-A of the NYS Real Property Law - Answer ️️ -- The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age Sponsor - Answer ️️ -- A licensed real estate broker that holds the license of a salespers...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. (Ans- D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in respo...

California: Real Estate Principles Practice Exam 1 - Salesperson License/ Q&A. 6 of 50 - What are the parts of a mortgage loan? What purpose does each part serve? A. A Pledge and Collateral. A Pledge is a promise to pay; and Collateral allows a lender the right to foreclose if the borrower does not pay. B. A Promissory Note, a Deed of Trust, and Collateral. A Promissory Note is an I.O.U. to pay; a Deed of Trust secures the interest in a borrower's real property; and Collateral allows ...