Definitions broker - Study guides, Class notes & Summaries

The Real Estate License Act (TRELA) Exam 1 Quiz Questions Part 2 Already Passed Which of these IS NOT covered in The Real Estate License Act (TRELA) described above? 1. Requirements for establishing and maintaining a real estate business 2. Activities prohibited for licensees, disciplinary processes, and disciplinary actions 3. Structure and purpose of the Texas Real Estate Commission Which of these IS NOT a subchapter subject matter addressed by TRELA? The confidentiality of infor...

30-40-1 - laws are created to protect the public for the common good 30-40-3 - a license is required to be a real estate broker, associate broker or salesperson 30-40-4 - definitions Applicant - any person making application for a license Associate Broker - a broker that works under the supervision of another licensed broker, must have 2 years of experience with adequate experience, must take another 90 hr course, must pass the state exam, they can break away and form their own busin...

Law of Agency Unit 1 Questions and Answers 100% Pass If a buyer hires a broker under a buyer representation agreement, the principal is the: buyer. If a seller signs a listing agreement with a broker, the ________ is the listing agent. broker There is no third party customer in ________ representation. intermediary The role each party (client, broker, or customer) has in the agency relationship is determined by the type of ________ used. employment agreement Listing Agents must: work with a...

Colibri Real Estate Exam Questions and Complete Solutions During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? - Answer: During the negotiation stage Why should real estate licensees have good knowledge of the loan programs that are currently available from local banks and other lenders? - Answer: Financing is a critical part of the transac...

Colorado state Real Estate Exam Questions and Answers 100% Pass The Amend/Extend Contract With Broker is used to change : - Correct Answer ️️ -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Correct Answer ️️ -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - Correct Answer ️️ -A...

The Amend/Extend Contract With Broker is used to change : - Answer- Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Answer- non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - Answer- Additional Provisions of a commission approved contract "MEC" in a contract means: - Answer- Mutual Executi...

appraisal participants members of the organizational unit who participate in providing information during an appraisal (ISO/IEC/IEEE 24765:2017 Systems and software engineering-Vocabulary) appraisal findings results of an appraisal that identify the most important issues, problems, or opportunities for process improvement within the appraisal scope (ISO/IEC/IEEE 24765:2017 Systems and software engineeringVocabulary) Note: Appraisal findings are inferences drawn from corroborated objecti...

The Nevada Real Estate Commission is appointed by: - correct answer The Governor Three of the following acts have grounds for disciplinary action. Which of the following does not: - correct answer Refusing, due to poor credit, to show property to a prospective customer An agent decides to reinstate his license after four years of INR. Which of the following is not true: - correct answer The agent must take the state and national examination again This form must be used in every re...

LML4805-Insurance Law EXAM PACK 2022. DEFINITIONS Distinguish (in a single sentence, where possible, and with theaid of examples, where necessary) between: QUESTION 1: The insured and the person concluding the insurance contractwith the insurer  the person taking out the insurance (ie, the person concluding the contract with the insurer) A may insure his or her own interest in his or her own house. A may insure his or her own interest in B’s house. A may insureB’s interest in hi...

Caib 1 Chapter 1 questions / definitions with 100% correct answers Identify 4 possible options to deal with Risk , describe each - Answer- Control the Risk ( loss control measures) Avoid the Risk ( rent Rather than buy ) Retain the risk ( self insurance or share risk through deductibles) Transfer the Risk ( purchase insurance ) Out of the 4 means of managing risk, which is the most practical? - Answer- Transfer of Risk Identify the 5 elements required in all types of contracts - Answer-...