Brokerage account - Study guides, Class notes & Summaries

NC License Law 02 Questions and Answers Already Passed What must a real estate broker do before accepting a client’s earnest money deposit? A) Verify the client’s credit history B) Deposit the funds into a trust account C) Complete a background check on the client D) Obtain approval from the North Carolina Real Estate Commission B) Deposit the funds into a trust account What is required for a real estate licensee to legally advertise property listings? A) Obtain permission fr...

Per the contract to buy and sell, the earnest money deposit will be held by A) the listing broker always. B) the buyer's broker until after the inspection. C) a third party, if agreed to by the parties. D) the title company always. - A third party can hold earnest money if the parties agree in the contract. Typically, a title company would act as the third party and will have similar rights and obligations as the brokerage firm in cases of dispute. The employing broker records an earne...

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Slowly, production facilities gear up to meet the new consumer demand, capital begins to flow back into business enterprises, and additional employees are hired. The three types of operating expenses of an income property are A) fixed, debt service, and...

Reca – Residential Exam; Questions and Answers 100% Solved Self regulation Correct answer -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests Correct answer Interest of brokerage at odds with brokerage client Fiduciary duties Correct answer -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid an...

What is the maximum amount of SIPC coverage available to each separate customer? - $500,000 including up to $250,000 in cash If a customer purchases securities and does not settle the account 4 business days, what should the brokerage firm do first? - Ask for an extension of time from the SRO or cancel the trade and sell off the purchased securities When must a customer who purchases securities in a cash or margin account pay for the securities? - 4 business days What is the maximum insur...

Per the contract to buy and sell, the earnest money deposit will be held by A) the listing broker always. B) the buyer's broker until after the inspection. C) a third party, if agreed to by the parties. D) the title company always. - A third party can hold earnest money if the parties agree in the contract. Typically, a title company would act as the third party and will have similar rights and obligations as the brokerage firm in cases of dispute. The employing broker records an earne...

RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 Self regulation -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests Interest of brokerage at odds with brokerage client Fiduciary duties -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose confli...

Champions Powerhouse Training SAE 146 Questions with Verified Answers An area of neighborhoods or sub divisons that is serviced by your firm. - CORRECT ANSWER Geographic Farm A plan by which you develop to gain name recognition - CORRECT ANSWER Marketing Plan Becoming different in your approach through growth and development - CORRECT ANSWER differentiate All the properties in a particular price range, in the area your firm services - CORRECT ANSWER economic farm Words or cont...

RECA Unit 2: Questions (Sessions and Unit Exam) which of the following is not a responsibility of the broker providing an independent and objective analysis of a real estate transaction which of the following statements is not correct regarding the role of the industry professional real estate professionals should assume their role is understood by parties to the transaction which of the following statements is not a responsibility of a real estate brokerage paying a referral fee ...

Florida Real Estate Exam Tested Questions With Revised Correct Detailed Answers >Latest Update>> An agency relationship is formed when a customer: A. Asks for information about a particular property B. Pays a broker for help C. Asks questions about a broker's services and qualifications D. Gives a broker authority to act on his/her behalf - ANSWER broker authority to act on his/her behalf D. Gives a A broker who represents both the buyer and seller in a r...