Licensees at a brokerage - Study guides, Class notes & Summaries

Texas sae real estate brokerage Questions and Answers Fully Solved A consistent disparity in listing versus selling prices may reflect ___________. Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best descri...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

A consistent disparity in listing versus selling prices may reflect ___________. - Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement is? - It describes and analyzes ...

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

Mississippi State Real Estate Questions and Answers Already Passed How many years must members of the Mississippi Real Estate Commission be licensed as brokers before being appointed to the commission? Five The responsible broker in a company is the person responsible for the daily real estate activities of the company. The temporary license of a licensee who fails to complete the required post-licensing course at the end of the first year will be automatically placed on inactive ...

Alabama License Law Exam Questions with Complete Solutions In the state of Alabama, what is the difference between a customer and a client? A. a client pays the commission B. a client is a seller while a customer is a buyer C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer D Which of the following is NOT an allowed brokerage relationship in Alabama? A. a limited nonconsensual dual agency B. a single agency C. a sub agency...

Alabama License Law Exam Questions with Complete Solutions In the state of Alabama, what is the difference between a customer and a client? A. a client pays the commission B. a client is a seller while a customer is a buyer C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer D Which of the following is NOT an allowed brokerage relationship in Alabama? A. a limited nonconsensual dual agency B. a single agency C. a sub agency...

Colorado Real Estate Exam Questions and Answers 100% Pass Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misre...

Maryland Real Estate License Law and Related Regulations Latest 2024 Graded A+ The Maryland Real Estate Brokerage Act a law designated to protect the public interest, became effective on June 1, 1939. Brokers Act or Title 17 refers to The Maryland Real Estate Brokers Act because it appears as Title (Chapter) 17 in the Business Occupations and Professions Article of the Annotated Code of Maryland. Statutory Law Makes decisions based on lower court Common Law the unwritten law, ...

Single Agent correct answers A broker who represents either the seller or the buyer in a real estate transaction, but not both. single agent notice correct answers A disclosure form informing the principal of the duties of his single agent. appraising correct answers The process of estimating the market value of property. principal correct answers (1) The person who enters into a fiduciary relationship with a single agent licensee. (2) The amount of money remaining due on a mortgage loa...