Real estate brokers exam - Study guides, Class notes & Summaries

RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct QUESTION Errors and Omissions Insurance? Answer: real estate equivalent of malpractice coverage QUESTION Comprehensive General Liability Insurance? Answer: - broad coverage for claims against injury/damage - civil liability (a fall) - any damages or injuries - legal defense costs - does not cover issues related to real estate transactions QUESTION Voluntary Broker Resoluti...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...

Real Estate U Final Exam Study Guide The section of the New York Real Property Law pertaining to real estate salespersons and brokers. - Primary purpose is to "Protect the Public" - Requires a salesperson to be at least 18 years of age - Requires a broker to be at least 20 years of age A licensed real estate broker that holds the license of a salesperson. Obtained after your register for the New York State Salesperson exam using eAccessNY. You must bring this with you when takin...

COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. When must earnest money be deposited? Not later than the third business day after notice to buyer of acceptance. When a real estate broker is preparing a contract for the sale of real estate in respect of when a building permit was issued prior to January 1, 1978, the agreement will be: Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the transaction a...

Hawaii real estate brokers exam – DS Questions and Answers 100% Pass Does dual agency need to be in writing? - Correct Answer ️️ -Yes and it needs to be disclosed as soon as possible Are there any exceptions for discriminating on the basis of race? - Correct Answer ️️ - No there are no exceptions ever for discriminating on the basis of race Are there any exceptions for minorities with regard to discrimination in private owner clubs? - Correct Answer ️️ -There is an exception...

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Real Estate Brokers Exam () | All Questions & Answers (Graded A+)Real Estate Brokers Exam () | All Questions & Answers (Graded A+)Real Estate Brokers Exam () | All Questions & Answers (Graded A+)Which of these guidelines is not part of the IRS safe harbor test? Income must be based on sales input. Contractors must have access to workers compensation benefits. The contractor must be licensed as a real estate salesperson or broker. There must be a written contract in place. - ANSWER - Contr...

Hawaii real estate brokers exam – DS Questions and Answers 100% Pass Does dual agency need to be in writing? - Correct Answer ️️ -Yes and it needs to be disclosed as soon as possible Are there any exceptions for discriminating on the basis of race? - Correct Answer ️️ - No there are no exceptions ever for discriminating on the basis of race Are there any exceptions for minorities with regard to discrimination in private owner clubs? - Correct Answer ️️ -There is an exception...

Aceable Law of Agency Review Exam Questions with 100% Correct Answers Here are the four major types of agency acts: - answerListing Buying Leasing Property Management TREC's purpose is to - answerregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds their characte...