Subdivider - Study guides, Class notes & Summaries

A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed - Answer-c. The hostesses must be licensed A timeshare would be required to have a public report if: a. T...

A broker who operates under a franchise name other than the personal or breakage firm name, when advertising: A. must include the brokerage firm name recorded with the Commission B. use only the franchise name in advertising C. May advertise in any manners long as the brokers personal name is used D. file the franchise contract with the Real Estate Commission correct answer: A Which of the following is exempt from needing a license? A. personal representative B. farm manager of a farm ...

1. A court action to clear a defect, cloud or questionable claim against a title is called: A) An action to quiet title B) A lis pardens C) A partition suit D) A novation action - Answer A) An action to quiet title 2. Which of the following can be natural or manmade? A) Datum B) Metes and Bounds C) Old liens D) Monuments - Answer D) Monuments 3. Survivorship does not exist among A) Joint tenants B) Tenants in common C) Tenants by the entirety D) None of the above - Answer B) Tenan...

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

Arizona broker price opinions (BPOs) are perfectly legal if all of the following apply EXCEPT Answer---- the opinion must be provided by an Arizona real estate broker. What is the maximum dollar amount a subdivider/developer can accept for a lot reservation? Answer---- $5,000 If the holder of a judgment against a real estate licensee is going to file a claim against the Real Estate Recovery Fund, the judgment holder must file the claim within _____ of obtaining the judgment. Answer-...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

Brokerage - correct answer The business of bringing people together in a real estate transaction. Broker - correct answer A person or company licensed to buy, sell, exchange, or lease real property for others and to charge a fee for their services. Sales Associate/Associate licensee - correct answer A person who performs real estate activities while employed by a licensed real estate broker. Real Estate Licensee - correct answer A person who the skills and knowledge to be licensed as a ...

REAL ESTATE 2024 QUESTIONS AND ANSWERS Real Estate Broker - Answer- a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - Answer- a person who peforms real estate activities while associated with a licensed real estate broker. licensee - Answer- a person holding a valid real estate license appraiser - Answer- a person whos certified to estimate the value of a real property according to standardized principles of valuati...

Real Estate Broker - a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - a person who peforms real estate activities while associated with a licensed real estate broker. licensee - a person holding a valid real estate license appraiser - a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector - A person who's affiliated with a n...

Nebraska License Law Exam Part 2 A broker who operates under a franchise name other than the personal or breakage firm name, when advertising: A. must include the brokerage firm name recorded with the Commission B. use only the franchise name in advertising C. May advertise in any manners long as the brokers personal name is used D. file the franchise contract with the Real Estate Commission ️️A Which of the following is exempt from needing a license? A. personal representati...