All licensees must - Study guides, Class notes & Summaries

Sales Associate Pre-License Course Florida Real Estate Exam 2023/2024 What does the term "farming" refer to in real estate? - ANSWER-Specializing in one geographic area A developer contracts to build a home according to the buyer's specifications. This is an example of which type of building? - ANSWER-Custom The federal, state, and local governments all play a role in the regulation of real estate. In which of the following area would the LOCAL government have the most impact? - ANSW...

Superior 303 NC Law and Rules Exam Questions and Answers sole proprietor -Answer-Full broker not affiliated with another firm Can not Advertise Can not hire other licensees Can not hold a trust account Would have to become a BIC in order to 'do it all' How long is BIC eligible status valid for? -Answer-12 months must take BIC update instead of general update each year that will renew eligibility to continue being BIC eligible Who is responsible for the advertising? -Answer-BIC Who i...

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...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

The primary purpose of the Idaho Real Estate Commision is to? Protect the public and industry The initial application for the real estate license is administered by? Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Commission? All Licensees The Idaho Real Estate Commission consists of how many member commissioners? 5 The Idaho Real Estate Commission generally meets? 6 to 8 times a year Course make-up work is allowed ONLY for? any pre-lic...

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...

RAMP Certification Test Questions and Answers 100% Pass 1.) Which of the following is NOT a component of RAMP certification? A. Owner/Manager Training B. Server/Seller Training C. New Employee Orientation D. Signage E. Affidavit Request for RAMP Certification F. ALL of the above are RAMP components F. ALL of the above are RAMP components 2.) If a licensee or employee sells to a visibly intoxicated person or minor, he/she could be A. fined by the PLCB B. suspended from working as a serve...

Jurisprudence Exam Questions and Answers with Certified Solutions 2. What is the composition of the SBDE? What are the qualifications and length of term for appointees to the Boards? Who appoints or elects Board members? Do members need to be confirmed by the Senate? Who can be President of the Board? R&R Page 1 and Page 2 • The SBDE is composed of 15 members appointed by the governor with the advice and consent of the senate; 8 reputable dentists and 2 reputable dental hygienist who reside i...

VA LRR - Chapter 28, Title 54.1 Exam Questions with correct Answers May a holder of a courtesy card engage in the general practice of funeral service in Virginia? - Answer ️️ -no The VA Board of Funeral Directors and Embalmers shall be composed of __ members, __ of whom are funeral licensees with at least __ consecutive years of practice, and __ nonlegislative citizen members. - Answer ️️ -9, 7, 5, 2 The term length for a Board member is __ years. - Answer ️️ -4 What date of ...

Washington Mandatory Alcohol Server Training Questions and Answers 100% Pass The purpose of MAST training is to teach ___________________. The laws regarding alcohol sales and service and how to serve alcohol responsibly To obtain a MAST permit, you must ___________________. Complete an approved course and pass the exam. Upon the completion the training and exam, your trainer must issue your permit within 30 days. You must have your MAST permit and photo ID available at all times when _______...