Signed by a buyer and se - Study guides, Class notes & Summaries

Betsy and Josh want to file a complaint against a real estate licensee whom they feel misrepresented them in the sale of their Maryland home. With what organization can they file a complaint? a. Hearing panel b. Local police department c. Maryland real estate commission d. U.S. Board of Real Estate Licensees - Answer Maryland Real Estate Commission In Maryland, how many hours of approved real estate courses must an individual complete before taking the real estate salesperson exam? ...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Complete Solutions Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission pl...

Florida RE Exam Practice Questions c - ANS Which tax lien is superior? a. Mechanic Lien Jan 2, 2013 b. Housing Lien March 30, 2013 c. Property Tax Lien Jan 1,2013 d. Mortgage Lien September 30, 2013 b - ANS A landlord has how many days to make a claim on a deposit? a. 15 b. 30 c. 7 d. 3 b - ANS Which of the following ways is NOT a way to determine a fixture. a. Intent b. Disposition c. Method d. Adaptation a - ANS What fees does the buyer pay...

Bob and Mary Smith, a married couple, own a constitutional homestead in both their names. Bob dies testate. Who now owns the homestead? - ANS Mary by right of survivorship What is the broadest private control over a property owner ? - ANS deed restrictions (homeowners association) Susie owns a duplex which is currently rented to two tenants. Susie dies testament. Which is correct? - ANS the lease is binding on the devisee Sandy owns a 1 acre tract of land that is...

A few days after an owner signed a listing agreement he told the broke that he would not se to anyone who was single or divorced. Under Oregon Law, which of the following statements are TRUE regarding this situation? I. Discrimination Based On Marital Statues is covered by Oregon Statutes II. The broker may retain the listing - ANSWER-A. I only ** B. II only C. I and II D. Neither I nor II A membership Camping Contract grants a membership that provides a right or license to use the ...

California Real Estate Exam Multiple Choice Questions and Answers 2023 An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. Answer- d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NA...

According to the Environmental Assessment, Threatened or Endangered Species, & Wetlands Addendum, what happens if the buyer can provide the seller with a report proving that the use of the property is negatively affected by one of the noted factors (before the agreed-upon deadline)? - Answer- The buyer can terminate the contract and get their EARNEST money back Which of these is an example of a time when it is acceptable not to use a TREC promulgated form? - Answer- The US government requires...

Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+ Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings *ANS* C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the l...

Basic Appraisal Principles Exam Question Review Which of the following items are considered to be personal property? a. a tree orchard b. built-in cabinetry c. furniture d. interior light fixtures - ANS c Mayes owns a property buy has leased it to Jacobs. Which term describes Jacobs' right in the property? a. Fee simple interest b. Leased fee interest c. Leasehold interest d. Lessor interest - ANS c Real estate is best described as a. everything resting on t...

An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. - correct answers d. all of the above. These are elements of value. Which of the following abbreviations is associated with the FHA? a. NAR b. CPM c. MIP/MMI d. MBA - correct answers c. MIP...