Seller or buyer - Study guides, Class notes & Summaries

Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ The TREC residential contract forms are: Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: Enter into a Seller's Temporary Residenti...

LJU4804 PORTFOLIO ANSWERS DUE 18 OCTOBER 2024 QUESTION 1 Instructions: Read the set of facts below and answer the questions that follow. LJU4804 OCT NOV 2024 3 John and Mary Smith got married in Hawaii in December 1983. At that time, they were British citizens and Mary was domiciled in London, while John was working in New York on a two-year fixed term contract with the possibility of further renewal. However, just before the marriage, John was offered a very senior permanent position wit...

Barney Fletcher Real Estate Exam 2024 (235 Questions and Answers) With Complete Solutions. Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. T/F? - False Mineral rights are: A. Always considered to be personal property B. Always pass with the land C. Cannot be sold separately from the land D. Pass with the land, unless otherwise specified in the deed - D Which of the following is NOT an improvement of land? A. Building B. ...

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appra...

LJU4804 October/November 2024. All questions answered with references. QUESTION 1 Instructions: Read the set of facts below and answer the questions that follow. John and Mary Smith got married in Hawaii in December 1983. At that time, they were British citizens and Mary was domiciled in London, while John was working in New York on a two-year fixed term contract with the possibility of further renewal. However, just before the marriage, John was offered a very senior permanent position with a ...

Florida Real Estate Exam Questions With Solutions Latest Updated Rated 100%. In which form of co-ownership is a person's ownership inheritable? a. Joint tenancy b. Tenancy by the entirety c. Tenancy in common d. Tenancy in severalty c. Tenancy in common allows for a persons share to be inheritable, it does not automatically pass forth to the rest of the owners like in joint tenancy (this is called the right of survivorship). Florida Real Estate Exam Questions With Complete Solutions Lat...

Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)What is the minimum balance of the real estate education, research, and recovery fund? A) $300,000. B) $100,000. C) $250,000. D) $500,000. - ANSWER-a 2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel t...

LJU4804 OCTOBER NOVEMBER PORTFOLIO (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references..... QUESTION 1 Instructions: Read the set of facts below and answer the questions that follow. LJU4804 OCT NOV 2024 3 John and Mary Smith got married in Hawaii in December 1983. At that time, they were British citizens and Mary was domiciled in London, while John was working in New York on a two-year fix...

A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - Before buyer and agent discuss motivation or financial information. What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, & Reasonable care (OLD CAR) As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - Dual Agency - agent cannot advise or council Material facts which must be disclosed - ...

To clearly create standards of behavior within a company, which of the following would be a good idea? - ANSWER 1) [CORRECT ANSWER] Create company manuals. 2) Provide mandatory ethics training. 3) Set up anonymous reporting system of other employee's bad behavior. 4) All of the above. A condo management company can put a lien against property and force foreclosure when an owner does/does not do what? - ANSWER 1) Doesn't pay their property taxes on time 2) [CORRECT ANSWER] Doesn't pay t...