Law of sale and lease Study guides, Class notes & Summaries
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![Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024](/docpics/4589112/65d9ac806033b_4589112_121_171.jpeg)
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Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024
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Unit 3 - Virginia License Law and Math 
Practice Exam With 100% Correct Answers 2024 
____ leases have "automatic renewal" clauses, stating that the lease will automatically renew 
with the same terms unless one of the parties notifies the other party in writing within a 
specified number of days before the termination of the lease. 
all 
most 
few 
none - answermost 
Phillip advised his clients they needed to paint their master bedroom before showing the 
property. The walls of this room were...
![Gold Coast Real Estate Exam with Verified Answers](/docpics/642816aeec080_2541594.jpg)
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Gold Coast Real Estate Exam with Verified Answers
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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...
![New York Real Estate Exam with 100% Verified and Updated 2024](/docpics/4309373/65afffaaae87e_4309373_121_171.jpeg)
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New York Real Estate Exam with 100% Verified and Updated 2024
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New York Real Estate Exam with 100% 
Verified and Updated 2024 
Where is the license law written? - Answer ️️ -Article 12-A 
Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - 
Department of State or Secretary of State 
Under NYS Real Property Law, when Department of State revokes a salesperson's license, how 
much time must past before the salesperson can be relicensed? - Answer ️️ -One year 
If a broker's licensed is revoked, what happens to ...
![PVL3702 NOTES](/docpics/63ed55309e363_2375129.jpg)
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PVL3702 NOTES
- Summary • 126 pages • 2023
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LAW OF CONTRACT NOTES: 
Contract as an agreement intended to create enforceable obligations 
A contract is an agreement between two or more parties. 
The extra ingredient that distinguishes contracts from non-binding 
agreements is a serious intention to create legally enforceable obligations 
(animus contrahendi). 
The absence of an animus contrahendi explains why ‘gentlemen’s 
agreements’ are not enforceable as contracts. 
Legally binding agreements that are not contracts: 
The ...
![Aceable Agent Texas Real Estate Principles I questions and answers](/docpics/3370107/64f60dd1138c7_3370107_121_171.jpeg)
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Aceable Agent Texas Real Estate Principles I questions and answers
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Broker's Price Opinion (BPO) 
A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property 
 
 
 
Closing 
The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount 
 
 
 
Comparative Market Analysis (CMA) 
A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...
![Ky Board of Auctioneer Test with 100% verified questions and answers](/docpics/3543336/651af0c5da71f_3543336_121_171.jpeg)
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Ky Board of Auctioneer Test with 100% verified questions and answers
- Exam (elaborations) • 18 pages • 2023
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Ky Board of Auctioneer Test with 100% verified questions and answers 
Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be 
withdrawn unless no bid is made within a reasonable time 
 
Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors 
 
Auction with reserve and the sellers reserving the right to bid -ANS The auction...
![Private law 411 (Specific contracts) notes](/docpics/63b5583b617f7_2221191.jpg)
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Private law 411 (Specific contracts) notes
- Class notes • 71 pages • 2023
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Lecture notes from 2022 for Private Law 411 (Specific contracts). These notes, drawing on the textbook (Principles of the law of sale and lease), are detailed and comprehensive, and assisted the author with obtaining a distinction for the module.
![Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved.](/docpics/63f45bc8d249e_2393673.jpg)
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Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved.
- Exam (elaborations) • 42 pages • 2023
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Pearson Vue Test Questions and answers, 100% Accurate, Graded A+. Approved. 
 
 
Which of the following terms BEST describes personal property that, by its attachment to real property, is regarded as real estate? 
 
A. 
Emblements 
 
B. 
Personality 
 
C. 
Fixtures 
 
D. 
Appliances - -C 
 
A salesperson who completes a written listing agreement with a seller is helping to create a contractual relationship between the: 
 
A. 
salesperson and the seller 
 
B. 
salesperson and the buyer 
 
C. 
sal...
![Gold Coast Final Exam Questions and Answers 100% Solved](/docpics/3481440/650d600c07d23_3481440_121_171.jpeg)
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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...
![CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A GUARANTEED PASS!](/docpics/62e5734836e2e_1874701.jpg)
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CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A GUARANTEED PASS!
- Exam (elaborations) • 17 pages • 2022
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When should lessor register as foreign corp? 
Within a state ... 
Good - stock of them 
Services offered 
Inspection or repair of property 
Office/employees 
Negotiated contracts 
 
 
What is dode of Hammurabi? 
- 1750 BC 
- Acknowledges leasing of personal property in his code of laws 
- First record of leasing law 
 
 
 
 
 
 
01:05 
01:36 
Early examples of true lease? 
- Phoenicians shipping experts 
- charters covered economic life of ships 
- lessee to assume benefits and obligations of ow...
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