Residential occupancy - Study guides, Class notes & Summaries

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for...

M100 WITH COMPLETE SOLUTIONS 100% Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Defining Characteristics of a Community Association 1. Membership in the community is MANDATORY and automatic for all owners. 2. Certain association governing documents bind the owners and the association to each other through mandated actions. 3. Mandatory lien-based assessments (maintenance fees) are ...

M-100 EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS PASSED AND VERIFIED Community Association - ANSWER a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Defining Characteristics of a Community Association - ANSWER 1. Membership in the community is MANDATORY and automatic for all owners. 2. Certain association governing documents bind the owners and the association to each other through mandated actions...

Champion School of Real Estate Latest Update 100% Pass Brokerage The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following Day to Day operations, Maintenance and Tenant Relations RMLO Mortgage Brokers are known as NAR The largest trade organization representing real estate professionals is Value A fair return or equivalent in goods, services, or money f...

Michigan Residential Builder's License Test Bank|1190 Questions and Answers, 100% Correct| A+ Rated Solution Guide| Latest What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what...

CAI-M-100 Community Association Management Exam Q&A 100% Verified Community Association - CORRECT ANSWER-legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. What're the three defining characteristics of community associations? - CORRECT ANSWER-1. Membership in the community association is mandatory and automatic for all owners 2. Certain association governing documents bind the owner and the association to ea...

Fire Inspector I Prep Test 1 || With Questions & Answers (100% Accurate) Fire Inspector I Prep Test 1 || With Questions & Answers (100% Accurate) When a citizen calls to report a suspected fire hazard, fire inspectors should: A. record all pertinent information. B. file the complaint for future action. C. forward the complaint to the Board of Appeals if immediate corrective action is required. D. consider the motivation for the complaint. - ANSWER - A When investigating a complaint, a...

Michigan Residential Builder's License 1179 Questions with Complete Solutions What is a quick asset ratio? - Correct Answers 1 to 1 Under the carpentry section of the test, what does a "span table" tell us? - Correct Answers What species and what grade of lumbar a floor joist has to be to span a certain distance Which topics will be covered on the Practice & Trade portion of the exam? - Correct Answers -Carpentry -Roofing -Insulation Where does the most fraud occur? - Correct Answ...

What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual builder's license application, what should you wr...

The International Residential Code is applicable to townhouses a maximum of______________ above grade plane in height and provided with separate means of egress. correct answers three stories If there is a conflict in the code between a general requirement and a specific requirement, the ______________ requirement shall apply. correct answers specific The building official has the authority to grant modifications to the code ______________ . correct answers for individual cases where the s...