What does the condo act - Study guides, Class notes & Summaries

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- 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 - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Virginia State Test Practice 2 Questions and Answers! After an investigation by the DPOR, what comes next in the complaint process? a. A hearing is held. b.. A meeting is held between the parties involved to determine the facts of the matter. c. Interviews with witnesses and statements are obtained. d. Interviews with witnesses and statements are obtained. -ANSWER b.. A meeting is held between the parties involved to determine the facts of the matter. Which of the following d...

Virginia State Test Practice 2 Exam With Complete Questions and Answers After an investigation by the DPOR, what comes next in the complaint process? a. A hearing is held. b.. A meeting is held between the parties involved to determine the facts of the matter. c. Interviews with witnesses and statements are obtained. d. Interviews with witnesses and statements are obtained. - answerb.. A meeting is held between the parties involved to determine the facts of the matter. Which of the follo...

Virginia State Test Practice 2 Exam With Complete Questions and Answers After an investigation by the DPOR, what comes next in the complaint process? a. A hearing is held. b.. A meeting is held between the parties involved to determine the facts of the matter. c. Interviews with witnesses and statements are obtained. d. Interviews with witnesses and statements are obtained. - answerb.. A meeting is held between the parties involved to determine the facts of the matter. Which of the follo...

Delaware RE State Exam Questions and Answers Rated A+ Delaware licensee Shane is representing John and Tiffany Smith, who are looking to buy their first home. When Shane presents their offer to the seller’s agent, he gets a funny feeling about the situation. When the seller rejects the Smith’s extremely reasonable offer without even countering, Shane feels certain there’s an element of discrimination involved based on race. Who should the Smiths and Shane go to with their suspicions? The ...

Virginia Real Estate Practice Exams questions and answers well illustrated. Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - correct answers....

A couple years after Meredith closed on her first sale—a condo that her buyer client, Derek, bought after a messy divorce that left him virtually penniless—another licensee, Alex, called her up asking about Derek, who'd just hired Alex to help him buy a mansion worth $4.2 million. "Can he really afford it? He's not being forthcoming about his financial history, and I don't want to waste my time." What should Meredith tell him? - "You know you shouldn't be asking me about this, Ale...

ACEABLE REAL ESTATE PRINCIPALS 1 EXAM PRACTICE TEST WITH COMPLETE SOLUTIONS A married couple purchased a primary residence for $600,000 in 2015. They lived there for seven years. In 2022, they sold the property for $1,000,000. How much profit will they owe capital gains tax on? -answer0 What is a REALTOR®? -answera member of the National Association of Realtors®. Which of the following is NOT a category of the NAR® Code of Ethics? -answerDuties to lenders Select the statement that de...

The rights and obligations inherent in the ownership of a unit in a condominium are correct answers Appurtenances to the Unit The original corporate structure of a condominium association is established in the correct answers Articles of Incorporation A claim of Lien on a condo unit for delinquent assessments is in effect from the time of recording for a period of correct answers 12 Months The process for obtaining a community association manager's license, renewal provisions and stand...

Virginia Real Estate Practice Exam Questions and Answers | Latest Updated 2024 Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. a. Commingling b. Contractural Interference c. Failure to disclose an agency relationship d. Performing services that would qualify as practice of law - answera. Com...