Licensees at a brokerage - Study guides, Class notes & Summaries

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. The Committee has _____ members appointed by the Commission. - correct answers.12 The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act A successful career in real estate requires someone to: - correct a self-started. A peak is characterized as the __________ turni...

Gold Coast Real Estate Final Exam Questions and Answers Latest Update 2024 (Graded) Real Estate Brokerage (Ch. 1) - Answer- A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) - Answer- concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) - Answer- areas of expert knowledge that are required for all real estate licensees Residen...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. (Ans- D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misrepresented the property. The Commission, in respo...

A consistent disparity in listing versus selling prices may reflect ___________. - Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement is? - It describes and analyzes ...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

NH Real Estate Exam Questions and Answers 100% Correct Score The purpose of the NH Real Estate Commission is to - Correct Answer ️️ -License and regulate real estate agents Entry Only Listings (limited service listings) are - Correct Answer ️️ -Considered listings and must comply with listing requirements Look up entry only listings - Correct Answer ️️ - Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that p...

administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's length - correct answer -People conduct negotiations on their own behalf without trusting the other's fairness or integrity and without being subject to the other's control or influence. caveat empto...

Missouri Real Estate Exam Questions and Answers 100% Pass The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years By what title is Chapter 339 of the Missouri State Statutes also known? The license law If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker Broker Kelley took a listin...

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...