Brokerage agreement - Study guides, Class notes & Summaries

condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license in escrow or find another broker Disciplinary actions that can be taken by the ...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for Correct Answer $300,000 What facts need not be disclosed in a real estate transaction? Correct 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? Correct Answer The pricing pyramid A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee i...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident 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 - Answer- 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 revoked b. Automatically be suspended c. Probably be revoked because of the con...

If the Alaska real estate commission directs the investigator to conduct an unannounced trust account audit a broker may request a 24 hour delay - Answer- To meet schedule obligations but the records to be audited must be sealed by the investigator and unavailable to the broker during that time In Alaska who of the following would need to be a licensed real estate broker or sales person - Answer- Person who employs fewer than three apartment licenses. In Alaska which of the following is re...

Bahamas Customs Brokerage Training Exam 2023;Compiled information of Bahamas Customs, TARIFF, Calculations and BESW. Why a New Customs Management Act? - To meet the obligations contained in the Economic Partnership Agreement (EPA) signed by The Bahamas in October 2008. A scheme to create a free trade area among member states. - Economic Partnership Agreement (E.P.A). The Bahamas does not have membership with? - World Trade Organization (W.T.O). Which agreement refers to Rules of Ori...

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...

Champions Powerhouse Training SAE 146 Questions with Verified Answers An area of neighborhoods or sub divisons that is serviced by your firm. - CORRECT ANSWER Geographic Farm A plan by which you develop to gain name recognition - CORRECT ANSWER Marketing Plan Becoming different in your approach through growth and development - CORRECT ANSWER differentiate All the properties in a particular price range, in the area your firm services - CORRECT ANSWER economic farm Words or cont...

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...