Agency brokerage - Study guides, Class notes & Summaries
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Gold Coast Final Exam Questions and Answers 100% Solved
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Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note 
What is the post licensing grace period after first expiration ? none 
Deposits is a form of... valuable consideration 
Physical land and improvements real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes 
What is the maximum fine per offense ? $5,000 per fine...
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45 Hour Post Licensing Exam Correct 100%
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 
 
What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ANSWER The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorati...
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct)
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
 
How is practicing real estate without a license punishable as? - ANSWER- Third degree felony 
 
Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and must sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty? - ANSWER- Limited con...
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Real Estate Salesperson Exam questions and answers 2023
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Real Estate Salesperson Exam questions and answers 2023Where is license law written? 
Article 12A 
 
 
 
Under NYS Real Property Law, when Dept. of State revokes a salesperson's license, the salesperson can't be relicensed until how much time has expired? 
1 year 
 
 
 
If a broker's license is taken away, what happens to the salespersons who work for him? 
Their licenses are suspended until they associate with a new broker. 
 
 
 
What could happen to somebody who breaks Article 12A? 
Loss o...
And that's how you make extra money
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 
312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? 
 
a. Nonrepresentation 
b. Single agency 
c. Dual agency 
d. Transaction brokerage 
D. Transaction brokerage 
 
 
242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: 
 
a. Automatically be ...
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Law of Agency – Champions Exam Questions and Answers (Graded A)
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Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC 
 
Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price 
 
the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
 
the TAR buyer repre...
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WISE Practice Test 2 Exam Questions With 100% Correct Answers 2024/2025
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WISE Practice Test 2 Exam Questions With 
100% Correct Answers 2024/2025 
What should a person do when he believes he is being charged too high a rate of interest for a 
loan by a lending institution? - answerNotify the lending institution about state usury laws. 
Which is the best example of a way to reduce fees paid for ATM transactions? - 
answerWhen making supermarket purchases with a debit card, a person adds $50 in cash to 
the transaction instead of using an ATM machine. 
A person owns a ...
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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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Under Ontario law, how is an 'agency relationship' defined? - Answer-The relationship between two 
parties in which one party (the agent) accepts responsibility for representing the other party (the 
principal) in dealing with a third party. 
While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use instead? - 
Answer-Client & Customer 
The underlying relationship of the brokerage, salesperson, seller and buyer is based on what? - AnswerThe Common Law of Agen...
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Texas Principles of Real Estate 1 Final Exam | Questions and Verified Answers | Grade A | 2024 / 2025 Update
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Texas Principles of Real Estate 1 Final Exam | Questions and Verified Answers | Grade A | 2024 / 2025 Update Q: An insurance policy protecting against a variety of hazards is referred to as a...? Homestead Policy Individual Policy Homeowners Policy Package Policy Answer: Homeowners Policy Q: Which of the following is an advantage to owning a home...? Tax benefits Pride of ownership Potential for asset appreciation All of the above Answer: All of the Above Q: An individual is exempt from paying t...
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