Real estate law exam 1 - Study guides, Class notes & Summaries

TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE | QUESTIONS & ANSWERS| ALREADY PASSED| VERIFIED & UPDATED | 2024 • The law requiring real estate contracts to be in writing is called the...? statue of frauds • Statute of Frauds: law that requires some documents (deeds included) to be in writing and signed in order to be enforceable by law • Illegal practice of directing home seekers to a particular neighborhood based on fair housing protected classes? Steering • Taking ...

Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission p...

COLORADO PSI REAL ESTATE ACTUAL EXAM WITH 200 REAL EXAM QUESTIONS AND 100% CORRECT ANSWERS WITH RATIONALES(GUARANTEED PASS) COLORADO REAL ESTATE PSI ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS (BRAND NEW!!) Colorado law requires buyers to be notified of the source of water for residential properties, how does the buyer receive this notice? A. The buyer's listing contract B. The water department sends a notice after closing C. Contract to Buy and Sell or listing contract D. Seller...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probabl...

California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of all...

Florida Real Estate Class Final Exam(question and answers)2023A Business Broker - correct answer Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - correct answer Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - correct answer Cust...

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...

MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024 How many consecutive years of non-use of water does one lose their water rights in Oregon? ️ 5 consecutive years, the right is considered forfeited Who must register the business name? ️ Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? ️ 6 years, from the date the transaction was accepted, rejected, or withdrawn...

PSI Real Estate Exam (MD State Portion) Latest 2023 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 En...