Transaction brokerage - Study guides, Class notes & Summaries
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Kentucky Real Estate Practice Final One |120 questions and answers.
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condominium 
Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a 
 
 
 
on probation 
A licensee could be active in the real estate business if his/her license is 
 
 
 
Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has 
thirty days to place her license in escrow or find another broker 
 
 
 
Disciplinary actions that can be taken by the ...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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45 Hour Post Licensing Exam Correct 100%
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 
 
What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ANSWER The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorati...
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Idaho Real Estate School Module 1 Test Questions and Answers
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Brokerage The business of bringing people together in a real estate transaction. 
 
Type of Real Property - Special Purpose Cemeteries 
 
Real Property Real estate, plus the interests, benefits, and rights inherent in the ownership of real estate 
 
Bundle of Rights Possession, control, enjoyment, exclusion, disposition 
 
Ownership of real property is often described as a bundle of legal rights 
 
Littoral Rights Granted to owners whose land borders commercially navigable waters 
 
Where is the...
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Barney Fletcher Cram Final Exam 100% correct answers
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Barney Fletcher Cram Final Exam 100% correct answersA seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? 
 
A. an exclusive agency listing 
B. an exclusive right to sell listing 
C. an open listing 
D. all listings - correct answer B. an exclusive right to sell listing 
 
Mr. Smith listed his farm with broker Bob. Although Smith did n...
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Gold Coast 45 Hour Exam Questions(exam version H 2023) With complete verified solution
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1. Property managers who are employed and compensated by community associations are 
required to obtain and maintain which type of license?: -CAM 
2. Whatterm is used forthe practice ofspecializing in one particularresiden-tial neighborhood or 
type of property?: Farming 
3. empty: 
4. upon closing a sales transaction who pays the sales associate their con-tracted commission?: 
Employing Broker 
5. Home sold for $250k with a garage, a home sold in the area for $230k withno garage. From this 
i...
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct)
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Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
Azure Tide Real Estate Final Exam Questions & Answers (100% Correct) 
 
How is practicing real estate without a license punishable as? - ANSWER- Third degree felony 
 
Without written permission, Phillip tells his buyer Tom, that his seller Mark is getting divorced and must sell the property quickly. Phillip is representing both Mark and Tom as a transaction broker. Phillip has violated which agency duty? - ANSWER- Limited con...
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45 Hour Post Licensing Exam Questions with 100% Correct Answers
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A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for Correct Answer $300,000 
 
What facts need not be disclosed in a real estate transaction? Correct Answer The property was the site of a homicide. 
 
What is a good graphic to show a seller that there will be more activity if the property is competitively priced? Correct Answer The pricing pyramid 
 
A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee i...
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified.
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases 
and confidence begins to return. Slowly, production facilities gear up to meet the new consumer 
demand, capital begins to flow back into business enterprises, and additional employees are 
hired. 
The three types of operating expenses of an income property are 
A) 
fixed, debt service, and...
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Gold Coast Real Estate Final Exam 2023 with 100% correct answers
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Real Estate Brokerage (Ch. 1) 
A business in which real estate-related activities are performed under the authority of a licensed real estate broker 
 
 
 
Farming (Ch. 1) 
concentrating on one type or style of property in one particular area of neighborhood 
 
 
 
Property Transfer, Valuation & Marketing (Ch. 1) 
areas of expert knowledge that are required for all real estate licensees 
 
 
 
Residential Transaction (Ch. 1) 
F.S 475 
The sale of any improved residential property of 4 units or f...
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