Oklahoma real estate law - Study guides, Class notes & Summaries

Who needs a license? - answer-Any person who performs any real estate activities for another person, advertises, holds him/herself out as a real estate broker or sales associate, or receives compensation for performing these activities with regard to real estate must have an Oklahoma real estate license. Oklahoma Real Estate Commission - answer-The primary purpose is to safeguard the public interest- to protect the public against certain illegal or unethical practices. The state statues of...

The Oklahoma Real Estate License Code and Rules as of November 1, 2016 - Code any person, partnership, association or corporation who for a fee lists, sells, offers to buy, exchange, rents, or leases real estate - Real Estate Broker Any person who has qualified for a license as a broker and who is acting on behalf of the broker - Broker Associate any person having a renewable license and working for a real estate broker - Real Estate Sales Associate Any person who has been licensed after ...

Oklahoma Real Estate PSI Test with Complete Solutions. The Oklahoma Real Estate License Code and Rules as of November 1, 2016 ️ Code any person, partnership, association or corporation who for a fee lists, sells, offers to buy, exchange, rents, or leases real estate ️ Real Estate Broker Any person who has qualified for a license as a broker and who is acting on behalf of the broker ️ Broker Associate any person having a renewable license and working for a real estate broker ️ Real...

Real Estate brokerage is govern by: - Answer 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - Answer For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant Engage regularly in a business of.....

Who is responsible for the administration of licensing? - ANSWER Secretary of State Which article of real property law deals with licensees? - ANSWER Article 12A Which article of real property law deals with real estate transactions, such as zoning, subdivisions, easements, and the like? - ANSWER Article 9A Which article of real property is is a proceeding known as a "suit to Quiet Title"? - ANSWER Article 14 What does section 443 of Article 12A deal with? - ANSWER disclosure issue...

Gold Coast Chapter 2Caveat Emptor - correct answer Let the Buyer Beware (on property defects - before statutory law) Florida Real Estate License Law - correct answer F.S. 475 FREC - correct answer The Florida Real Estate Commission "The Commission" DBPR - correct answer The Department of Business and Professional Regulation (DBPR) DRE - correct answer The Division of Real Estate "The Division" License - correct answer Refers to any permit, registration, certificate, or l...

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - Selling, buying, exchanging, or leasing any real estate or collecting rent - Assisting to locate/obtain for purchase/lease any residential real estate - Serving as a consultant...

Oklahoma Real Estate Test Study Questions With Correct Answers DEEP + C - answerBundle of Legal Rights - Disposition, Enjoyment, Exclusion, Possession, Controls *look DEEP to C your property rights* Riparian Rights - answerAn owner's right in land that borders on or includes a stream, river, or lake. These rights include access to and use of the water. (Ripple -small mid cant loose) Littoral Rights - answerUnrestricted rights granted to owners whose land borders oceans and large, navig...

Gold Coast Real Estate Chapter 2 Questions With 100% Correct Answers 2023 1919: California enacted the first real estate license law 1923: Florida enacted first real estate license law. Ineffective because expensive & time consumption. 1925: FREC was created to administer & enforce law. 1941: Real estate license law was designated as chapter 475 of Florida Statutes 1979 & 1982 FREC was taken out then Reinstated 1988: FS 475 was going under modification, ...

Florida Real estate exam chapter 2 Questions and Answers 100% Pass Caveat emptor - Correct Answer ️️ -Let the buyer beware RE license law - Correct Answer ️️ -1923. Chapter 475 of the Florida statutes. Passed by the Florida legislature. 3 regulatory bodies - Correct Answer ️️ -DBPR (over many industries) DRE (Real estate) FREC DRE - Correct Answer ️️ -Division of RE provides support services to the commission. It's under the Department of Business and Regulation. Sales...