Subdivider - Study guides, Class notes & Summaries

ASREB State Test B-1; Questions and Answers 100% Verified Before the commissioner issues a public report on subdivided land, the subdivider may not: Take lot reservations Enter into a binding contract Advertise the lots for sale Begin lot improvements Answer-Enter into a binding contract

ASREB State Test B-1 Questions and Answers 100% Pass A broker goes on a cruise for ten days. Who can be left in charge? Any unlicensed employee Any real estate licensee employed by the broker Only a real estate salesperson Any corporate officers Any real estate licensee employed by the broker A broker prepares documents at a cost of $35. Which of the following is true? The broker cannot charge for the service The broker may charge if the parties agree The broker may charge if it ...

B-1 ASREB; Questions and Answers 100% Verified A subdivider employés hostesses to show houses. The hostesses explain the features of the homes and gave the prices and terms. In this scenario: a. Only the sales broker needs to be licensed b. Hostesses are employees only and need not be licensed c. The hostesses must be licensed d. As long as they do not accept deposits and do not write up sales, the hostesses need not be licensed Answer-c. The hostesses must be licensed

B-1 ASREB Questions and Answers Already Passed A broker receives earnest money from a buyer but instead of placing the money into the trust account the broker pays company bills. This action is an example of: a. Conversion b. Commingling c. Subrogation d. Bona fide a. Conversion A designated broker of a real estate company may: a. Act as a designated broker for more than one real estate company in Arizona b. Take a temporary leave of absence for a period not to exceed 60 days...

REAL ESTATE 2024 WITH COMPLETE SOLUTIONS Real Estate Broker a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson a person who peforms real estate activities while associated with a licensed real estate broker. licensee a person holding a valid real estate license appraiser a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector A per...

RE LAW SAE aceable final exam Question and answers correctly solved Which of these is a bilateral contract? - correct answer Richard signs a contract to buy James's house. What does severalty mean? - correct answer sole ownership What agency is responsible for enforcing TRELA? - correct answer TREC What is the difference between a subdivider and a developer? - correct answer A subdivider parcels out the land; a developer builds things on it. If a landlord has the power to re...

The broker is required by Arizona law to reconcile his or her TRUST ACCOUNT: correct answers At least once a month A sale of real property is being handled in the broker's office and there is no escrow called for in the contract. Broker prepares several documents necessary in the sale at a cost of $35.00. Who can the broker charge for this cost? correct answers No one T or F: Broker can only prepare documents in relation to an actual sale and CANNOT CHARGE for document preparation. correc...

certificate of occupancy ~ A document issued by the governing authority stating that a building complies with applicable laws and permitting occupancy for its designated use. subdivider ~ A person who buys undeveloped average and divides it into smaller lots for sale to individuals or developers, or for the person's own use. developer ~ May also be a subdivider; improves the land, constructs homes or other buildings on the lots, and sells them. impact fees ~ Charges made in adv...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Answer-Equity A broker, acting as a property manager, would be considered what type of agent? - Answer-General A contract has been signed, but title has not yet been passed. The contract is... - Answer-Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of the closing for poin...

Before the commissioner issues a public report on subdivided land, the subdivider may not: Take lot reservations Enter into a binding contract Advertise the lots for sale Begin lot improvements - correct answer Enter into a binding contract All of the following can be used in a developer's public report advertisement EXCEPT: Specific prices A statement which says, "The public report is an endorsement of the project" Names of the owners and past history Future plans of the general ar...