Prelicense practice - Study guides, Class notes & Summaries

Title 45 - Answer New Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - Answer an unlicensed New Jersey resident may two years - Answer a real estate license is valid for 18 - Answer according to the law, to obtain a salesperson's license one must reach the age of 150 - Answer a broker must have completed how many hours of study in addition to the original salesperson's course? one year - Answer the prelicens...

Designated Agent - Answer- A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - Answer- What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" - Answer- Charlie is the personal assistant for the top produ...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...

Colibri Review Exam Questions and Complete Solutions Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer: 6 Which of the following terms is defined herein: "Every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in Nevada or elsewhere"? - Answer: Real Estate...

Anti-Trust - ANSWER-An area of law concerned with maintaining competition in private markets by prohibiting any restraint on trade. Georgia Real Estate Commission - ANSWER-Pass rules and regulations that govern real estate licensees Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) - ANSWER-A federal law enacted by Congress in 1980 to create a tax on the chemical and petroleum industries and provided broad authority to respond directly to releases or threatened...

Buying life or health insurance is an example of which risk management technique? risk avoidance risk reduction risk retention risk transfer - risk transfer What is the mathematical concept of probability that helps insurers estimate the statistical likelihood of mortality or morbidity losses at any given age? law of large numbers underwriting principle law of probability actuarial principle - law of large numbers A person who refuses to engage is risky activities like rock cli...

BOB HOGUE SALES ASSOCIATE EXAM REVIEW Questions With Complete Solutions RatedA+ the product that real estate licensees market is - correct answer...information knowledge of property transfer, knowledge of market conditions, knowledge of how to market real estate or business a competent licensed real estate professional must know the economic and legal intricacies associated with transfers of - correct answer...title, property taxes, financing, and local zoning ordinances to be succes...

Real Estate Practice Exam (Missouri)2023 An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Answer: The ad is...

Bob Hogue - Pre Lic. Test Questions Practice questions for this set Learn 1 / 7 Study with Learn B Choose matching term Which property is defined as residential real estate under Chapter 475, Florida statutes? A) Fifty-unit apartment complex 1 B) Neighborhood grocery store C) Eight acres of agricultural property D) Local elementary school Which type of title insurance policy is transferable? A) Vendor B) 2 Owner C) Mortgagee D) Mortgagor Bob...

West Virginia WV Real Estate Exam Practice Questions and Answers 1. All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous .: 6 years 2. What are the requirements necessary for a West Virginia salesperson li- censee to obtain a broker license: - Served an apprenticeship as a licensed salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed ...