Wv real estate exam study Study guides, Class notes & Summaries

What are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determinable 2 Condition subsequent Fee Simple Defeasible - Will include: so long as, while, during and includes the term reverter. Reverter - Former owner can take back land with no legal action if ...

WV Real Estate Exam |Latest| Exam Study Set with 100% Correct Answers What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? *Ans* Fee simple determinable 2 Condition subsequent Fee Simple Defeasible *Ans* Will include: so long as, while, during and includes th...

Study Guide: WV Real Estate Exam with 100% Correct Answer What are the types of fee simple estates? *Ans* Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute *Ans* The best type of ownership you can get. Fee Simple Defeasible *Ans* Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? *Ans* Fee simple determinable 2 Condition subsequent Fee Simple Defeasible *Ans* Will include: so long as, while, during and includes the term rev...

The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. - protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his salespersons desk on the sales floor at Acme Realty. Jims license...

30-40-1 - laws are created to protect the public for the common good 30-40-3 - a license is required to be a real estate broker, associate broker or salesperson 30-40-4 - definitions Applicant - any person making application for a license Associate Broker - a broker that works under the supervision of another licensed broker, must have 2 years of experience with adequate experience, must take another 90 hr course, must pass the state exam, they can break away and form their own busin...