Kansas real estate Study guides, Class notes & Summaries

Arkansas Real Estate License Law Exam Questions and Answers 100% Pass A property management agreement is a written contract between the - Correct Answer ️️ -owner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board selected? - Correct Answer ️️ -Appointed by the governor The answer is appointed by the governor...

Arkansas Real Estate State Exam Prep Questions and Answers 100% Pass Commission meetings: a. Are whenever possible b. Are on the first Monday following the second Tuesday of every month c. Can be called by a majority d. Are twice a year at a time designated by the commission - Correct Answer ️️ -C. Can be called by a majority Meetings of the commission are held: a. At the commission's office b. At the board room c. In private d. At a public facility - Correct Answer ️️ -A. A...

Arkansas Real Estate Exam Questions and Answers 100% Pass principal broker - Correct Answer ️️ -an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license - Correct Answer ️️ -Delivery of a lease application or lease. Receiving a lease or lease application for delivery t...

Arkansas Real Estate License Law Exam Questions and Answers 100% Pass A property management agreement is a written contract between the - Correct Answer ️️ -owner and property manager The answer is owner and property manager. A property management agreement is a written contract between the owner and the property manager. How are members of the Arkansas Real Estate Commission's board selected? - Correct Answer ️️ -Appointed by the governor The answer is appointed by the governor...

Arkansas Real Estate Exam State Portion 2024 Questions and Answers 100% Pass When are Meeting of the Commission held and where? - Correct Answer ️️ -The Monday following the second Tuesday of the month at the office unless otherwise specified. What is required to appear before the Commission? - Correct Answer ️️ -Notify in 15 days before date in writing, file with the director, nature and purpose, clear and concisely stated with sufficient details. When are you restricted from ap...

Arkansas Real Estate Law Mid-Term Questions and Answers 100% Pass In a timely manner - Correct Answer ️️ -A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact - Correct Answer ️️ -A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No,...

Arkansas real estate questions and answers already graded A Broker a person who is paid to buy and sell for someone else Licensee A person who has satisfied the requirements of a licensing agency, as authorized by state legislation. Who can perform brokerage activities on behalf of the broker. Appraisals Process of developing an opinion of a property's market value. Property manager A person or company hired to maintain and manage property on behalf of the property owner Financing Is the bu...

In deciding on whether to make a residential home loan, a lender would normally consider the borrower's - Answer- debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What was the amount for the discount points? - Answer- $1,600 A buyer is inquiring as to what the principal and interest payment will be on a property that is being purchased. Where would be the best place for the buyer to obtain t...

Arkansas Real Estate Law Mid-Term Questions and Answers 100% Pass In a timely manner - Correct Answer ️️ -A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact - Correct Answer ️️ -A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No,...

Chattel (personal property) - correct answerIf the item is not permanently attached, then it is personal property Real Property - correct answerThings that would be difficult to remove from the house/property Trade Fixture - correct answer"A piece of equipment or other item that is on or attached to the real estate which is used in a trade or business. The term "trade fixture" is actually a misnomer, because the item, while attached, may be removed by the business owner as a personal it...