Real estate u chapter 2 Study guides, Class notes & Summaries

Real estate U chapter 2 questions and answers A+ score assured 2024/2025

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

"Dual agency" does not exist unless both the seller and the buyer in a real estate transaction have written agency agreements with the same real estate brokerage firm. (T/F) - True 43-23-11.1 - Licenses may be suspended or revoked after investigations stemming from written complaints or actions initiated by the commission for: - A. Making material false statement B. Misrepresentation C. False promises to induce transactions D. Dual Agency without consent from both parties E. Commingling...

As an independent contractor, which of the following must exist between the salesperson and a specific broker...? A. Implied contract B. Explicit agreement C. Handshake agreement D. Written contract - Answer D. Written contract When a buyer's broker agrees to the cooperative arrangement of the MLS, he/she becomes what to the seller, who's property is listed on the MLS...? A. Secondary agent B. Primary broker C. Sub-agent D. Principal - Answer C. Sub-agent Which of the fol...

Real Estate U NYS - Chapter 2 Activity 1 and 2 Exam Questions and Complete Solutions Graded A+.

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

According to an agent's fiduciary duties, the agent must not change or modify the financial terms of a deal. Which of the following fiduciary duties best reflects this...? A. Obedience B. Reasonable Care C. Accountability D. Loyalty - Answer C. Accountability A situation in which one party is held partly responsible for the unlawful actions of a third party is known as...? A. Dual Agency B. Principal Arrangement C. Undivided Loyalty D. Vicarious Liability - Answer D. Vicariou...

Accountability - answer-To be responsible. (Safeguard any money or property held on behalf of the client) Advance Consent to Dual Agency - answer-The seller or buyer agrees to dual agency before it occurs by indicating the same on the agency disclosure form Agent - answer-One who undertakes to transact some business or to manage some affair for another by authority of the latter. Broker's Agent - answer-A broker's agent is an agent that cooperates or is engaged by a listing agent or a...

Real Estate Finance & Investments, 16e (Brueggeman) Chapter 4 Fixed Interest Rate Mortgage Loans 1) Inflation makes very little difference to lenders of and investors needing money. Answer: FALSE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibility: Keyboard Navigation Gradable: automatic 2) Lenders and investors worry about default, interest rate, marketability, and liquidity risks. Answer: TRUE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibi...

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...