Fair housing and ethics - Study guides, Class notes & Summaries

Texas Principles of Real Estate I Final Exam| Questions and Verified Answers| Grade A| LATEST 2023/ 2024 Update QUESTION Which of the following is considered illegal under the Fair Housing Act...? Refusing to show properties in neighborhoods based on racial criteria Refusing to sell to a protected class Refusing to show properties in neighborhoods based on religious criteria All of the above Answer: Refusing to Sell to a Protected Class QUESTION HUD fair housi...

Nebraska license lawLicense law - correct answer Particular state laws having to do with qualifications, licensing, and oversight of real estate or other professionals are known as______. These laws are passed by the state legislature Pre license education - correct answer To obtain a real estate salesperson’s license, one must furnish evidence of completion of____ which includes two commission approved courses in real estate subjects composed of not less than thirty class hours each. Br...

PSI Real Estate Exam (MD State Portion) Questions with Verified Solutions Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Ser...

The Ritchie family has put their home on the market. The Sampsons make an offer on the Ritchies' home. Suddenly, the Ritchies decide not to sell their home. They explain to Sara, their agent, that the Sampsons "aren't quite right" for the neighborhood. What should Sara do? - ANSWER-Sara must explain to the Richies that she cannot ethically remove a property from the market, after an offer has been made, to sidestep a purchase by a party. Sara must withdraw herself from the relationship...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...

Appraisal Principles Quizzes Questions and Answers Graded A+ 3,000, 30 The Certified General Real Property Appraiser Classification requires _______ hours of experience in no fewer than ___ months. Less than $1,000,000, less than $250,000 The Licensed Residential Real Property Appraiser Classification applies to the appraisal of non-complex one to four residential units having a transaction value __________ and complex one to four residential units having a transaction value __________...

McKissock Basic Appraisal Principles Exam Questions With Correct Answers Latest 2024/2025 (Graded A+) Which entity is responsible for establishing the requirements to become an appraiser? CORRECT ANSWERS: the AQB True or False: An applicant for Certified General appraiser must possess at least an associate's degree from an accredited college or university. CORRECT ANSWERS: False The requirements for state licensed and certified appraisers had their genesis in CORRECT ANSWERS: FIRREA An ap...

McKissock Basic Appraisal Principles Exam QUESTIONS With Answers Latest 2024/2025 Graded A+. The primary purpose of USPAP is to protect CORRECT ANSWERS: public trust Normally the first step in highest and best use analysis is to research the uses that are CORRECT ANSWERS: legally permissible An appraiser is appraising a property with two structures on one tract of land. The client asks the appraiser not to mention the second structure, as it is in poor condition. Which statement is TRUE reg...

Final Exam TN Real Estate Course Questions and Answers with Verified Solutions A Tennessee licensee must use the "Exclusive Right to Sell" form - Answer ️️ -required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a - Answer ️️ -limited agency. When must the contract be in writing? - Answer ️️ -John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparable...

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bought a house with...