Agent regulations loans Study guides, Class notes & Summaries

Which of the following best describes the difference between building codes and zoning regulations? - ANSWERSBuilding codes affect improvements on the property; zoning regulations control the use of real property A independent contractor relationship between a real estate brokerage firm and a licensee requires that the: - ANSWERSbrokerage and licensee must enter into a written agreement An advertisement for a house includes only the following phrase about financing: "Assume the owners ori...

Rockwell Real Estate Final Exam Questions and Answers Latest 2024 (GRADED) A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainde...

Florida Life and Health Insurance Practice Questions With Complete Solutions 30 Within how many days must a licensee notify the Department of Financial Services of a change in address? All of the following entries are classified under the four principal areas of Florida insurance law EXCEPT... An agent's commission Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency? The amount of pr...

CA DRE Salesperson Exam Practice Questions When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them what is Andy guilt of? A)Objective Fraud B) Constructive Fraud C) Actual Fraud D) Comprehensive Fraud - ANSWER- C) Actual Fraud A fee simple estate is: A) a leasehold B) an estate for years C) a less-than-freehold estate ...

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

Rockwell Real Estate Classes Final Exam Questions and Answers Updated 2023/2024. Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A. Fee Simple Estate B. Life Estate C. Remainder Interest D. Reversionary Interest A. Fee Simple Estate The interest that passes to a designated pe...

When agent Andy took a listing, he promised the seller that he would advertise the property in a magazine until it was sold. Andy told the seller he submitted the ad, but the magazine said Andy never contacted them or submitted the ad. Andy is guilty of: - Answer-Actual Fraud A fee simple estate is: - Answer-an estate of inheritance If an appraiser is appraising a special purpose property he would probably use the: - Answer-Cost Approach The main purpose of "RESPA" (Real Estate Settlemen...

1 FINAL EXAM (BOB BROOKS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours Correct Answer: b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grante...

Champions School of Real Estate Marketing SAE 117 Questions with Verified Answers Price - CORRECT ANSWER The most common reason a property fails to sell is __________. Marketing - CORRECT ANSWER Matching human needs with goods or services to meet those needs is the process of ____ agent - CORRECT ANSWER Problem solving is a key personality trait of a successful ___ D in AIDA stand for - CORRECT ANSWER Desire Four P's of Marketing - CORRECT ANSWER Product, Price, Place, Promotio...