Multiple listing service - Study guides, Class notes & Summaries

Principles of Real Estate 1- Champions Quiz Latest Update Graded A+ Contracts with a person who lacks mental capacity can be either void or voidable Community property is a concept of Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. an agent will have the opportunity to sell their own listing. Oil and gas companies employ a large number of individuals with a real estate background. The NFIP offers flood insurance The NFIP offers flo...

360 Training Sessions Latest Update Graded A+ National Association of Realtors (NAR) The largest professional association in the real estate industry Was first organized in 1908 To be a full member of this association, a person must be licensed in an individual state to sell real estate and must join the local board of the NAR. In most areas, this board is called the Association of REALTORS A REALTOR® is a professional in real estate who subscribes to a strict code of ethics known as t...

Humber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and Buyers (2023/2024) Already Passed What 4 things must be specified on both representation and customer service agreements? - The effective date and expiry date of the agreement (can only be one expiry date) - The method for calculating commission or other remuneration payable to the brokerage (in the case of a seller, the amount payable) - How the commission or other remuneration will be paid - The services that t...

Agency-- Real Estate Questions and Answers 100% Pass A broker or salesperson owes customers Honesty, fairness, and disclosure of material facts about the property The initial disclosure of an agency relationship may be Oral or written An agency relationship would NOT be terminated by Marriage of the principal To act as an intermediary, a broker must have written consent from Each party being represented in the transaction In the case of multiple offers being received by the broker, the listi...

National Portion - Real Estate Exam Prep Questions and Answers Rated A+ agency a consensual fiduciary relationship authorizing a broker to act on the behalf of a client Fiduciary Relationship a relationship in which one party places special trust, confidence, and reliance in a trusted person Principal a person (client) who empowers another (agent) to act as his or her representative in a real estate transaction client those which have entered into a written agency agreement with ...

WRA EXAM 2024 WITH COMPLETE SOLUTIONS. The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? - ANSWER The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." ...

Maryland Real Estate Exam Prep with 80 Questions and Answers Already Passed Who appoints members to the Maryland real estate commission? A. The State Senate B. The house of Delegates C. The executive director of the Commission D. The governor of Maryland Answer: The governor of Maryland Which of the following is true concerning the Maryland Real Estate Commission? A. Its members are representative brokers from real estate boards or associations through Maryland B. It has 5 ...

OCI Architect 2021 Associate [1Z0-1072-21] - Practice Exam Already Passed You want users of the NetworkAdmin group to manage a cloud network in any compartment of a tenancy. What must you allow the NetworkAdmin group to do? A. Manage instance-family in compartment ABC. B. Use virtual-network-family in compartment XYZ. C. Manage network-catalog-listing in tenancy. D. Manage virtual-network-family in tenancy. D Which Object Storage tier would you use for data that you need to access quickly, ...

Unit 1: Florida Real Estate Exam Questions and Answers 100% Pass Absentee Owner - Correct Answer ️️ -An owner who does not reside on the property and who usually relies on a property manager to supervise the real estate Agricultural, 10 - Correct Answer ️️ -___ property is defined in Florida license law to mean agricultural property of more than __ acres. Appraisal - Correct Answer ️️ -The process of estimating the value of real property; a supported, defended estimate of the ...

Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-inch crack at the corner of a dining room window. The crack is ...