Quizlet real estate practice exam.

Study with Quizlet and memorize flashcards containing terms like How long are the terms for members of the Colorado Real Estate Commission? Six Years Three Years Four Years Five Years, Is commingling legal in Colorado? No. Yes, under the Colorado Timeshare Act. Sometimes, only with permission from the buyer's agent and their broker. Sometimes, only with permission from the seller's agent and ...Broker's principle are called. clients. the Maryland Real Estate Commission. 3 out of its members are not real estate licensees and 5 are. a team leader. The team leader is chosen by the members of the team. The team leader is responsible for reasonable and adequate supervision of the team. The team leader can be the branch manager.A buyer and seller are both clients of a real estate broker. Which of the following statements is TRUE of this situation? - The real estate broker owes neither party the fiduciary duties of an agent. - The arrangement is always illegal. - The real estate broker owes the fiduciary duties of an agent only to the seller. a. appraisals. b. broker price opinions. c. comparative market analysis. d. real estate licensees are exempt from the provisions of USPAP. a. Appraisers are paid a fee because. a. to accept compensation based on the appraised value is a conflict of interest. b. custom dictates the method of compensation.

The effort that results in the sale of property - the act of bringing a ready, willing and able buyer to a seller resulting the sale of the seller's property. A listing where one broker will earn a commission when the property is sold, no matter who sells it. An employment contract obligating a broker to act as a fiduciary to a seller.Study with Quizlet and memorize flashcards containing terms like The amount per $1,000 used to calculate taxes on property is the, The common name of the hazardous-waste cleanup fund established by the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) is, May eviction and foreclosure notices be delivered electronically in South Carolina? and more.Study with Quizlet and memorize flashcards containing terms like Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price?, When compiling a competitive market analysis, a broker would look for comparable properties that, If an older building cannot be air ...

a. appraisals. b. broker price opinions. c. comparative market analysis. d. real estate licensees are exempt from the provisions of USPAP. a. Appraisers are paid a fee because. a. to accept compensation based on the appraised value is a conflict of interest. b. custom dictates the method of compensation.

1. real estate contracts must be in writing if they are to be enforceable by the courts. 2. real estate contracts must include the date, description of property, terms of payment and signature of the party incurring the debt of obligation. The highest and best use of a property. is the most profitable single use of a property.To help contribute to any future changes or revisions in the agency disclosure office policy. Quiz yourself with questions and answers for Alabama (STATE) Real Estate Practice Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.State portion practice exam. Learn with flashcards, games, and more — for free.Terms in this set (28) A real estate sales agent may be employed by: Their broker. As a prerequisite to an agents use of an income and expense data worksheet, the agent asks a prospective broker: The price range of property the agent is most likely to list and sell. A (blank) occurs when a broker or their agent has a professional or personal ...Study with Quizlet and memorize flashcards containing terms like Which of the following is exempt from the Natural Hazards Disclosure?, Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's …

21 of 21. Quiz yourself with questions and answers for Ga Real Estate Exam - Real Estate Practice Test, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

Florida Real Estate Commission, Fl Administrative Code (F.A.C.) total of $1 million is the limit for fund at any one time. Accumulated by charging Licensees a Recovery Fund Fee when a new lic is issued or renewed. Fines imposed by FREC and collected by DBPR. Collection stops when limit is reached and restarts when amount drops below $500k.

B. Refer the listing to an agricultural agent and ask his friend to keep him informed of the transaction's progress. C. Take the listing and apply commercial real estate practices, since agricultural sales are similar to commercial sales. D. Turn down the listing, citing his lack of experience in agricultural work.80 of 80. Quiz yourself with questions and answers for National - Real Estate Exam Practice Questions (Set One), so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material. A family purchased a $90,000 lot to build a custom home. At the date of closing, the lot was assessed at $84,550 and the tax rate was $1.91/$100 assessed valuation. When they completed the home, the assessment increased by $235,000 to include the new construction. 75. Laurel, a real estate broker, is also a property manager for an eight-unit residential property. In her role as property manager, Laurel is a (n): a. general agent. b. fiduciary. c. special agent. d. both a and b. d. both a and b. Sent from Professor at NYREI Learn with flashcards, games, and more — for free.race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act.

As you age, it is important to stay up-to-date on your driving skills and knowledge. Taking a practice test before your senior driver’s exam can help you prepare and ensure that yo...A. $8,400 x 25% = $2,100 (profit);|$8,400 + $2,100 = $10,500 x 15% (loss) = $1,575 loss;|$10,500 - $1,575 = $8,925 (sales price less 15% loss);|$8,925 - $8,400 ...race, color, religion, sex, origin, disability, familial status. 1. owner-occupied buildings of 1-4 family dwellings. 2. single family housing sold or rented w/o the use of a licensee. 3. housing operated by organizations and private clubs that limit occupancy to members. Exemptions to the federal fair housing act.Study with Quizlet and memorize flashcards containing terms like Why do people go into real estate sales? a. High earning potential b. Independence c. Flexible schedule d. All of the above, Real estate salespeople are paid when: a. they obtain a listing. b. one of their transactions closes. c. the broker receives the earnest money deposits from the buyer. d. …Study with Quizlet and memorize flashcards containing terms like Broker, Broker-Salesperson, bureau of subsidized land sales control and more. ... NJ REAL ESTATE PRACTICE EXAM 2021. 95 terms. anahidsaadati. Preview. PSI NJ Real Estate Exam, PSI Practice Test. 136 terms. cynthiaarellano77. Preview. Civil Rights Study Guide. 13 terms. eme9699.Assumption clause. if loan is assumed new buyers obligated to pay off loan. straight assumption. new buyer responsible, can not impact seller's credit score. subject to assumption. buyer not liable for loan can impact seller's credit score. State Exam Prep Material Learn with flashcards, games, and more — for free.Kansas salesperson real estate exam. 215 terms. jamikels. Preview. Cheeseman ch8, Cheeseman ch2, cheeseman ch13, cheeseman ch11 ... governs real estate licenses and how they are earned and maintained. approval of schools ... 3. criminal background 4. 30 hour Kansas Practice Course 5. No more than 6 months after exam file application for license ...

The fine for making a single unauthorized solicitation call to a residential number listed on the do-not-call registry can be up to. $16,000. A major reason owners attempt to sell without an agent is to. save paying the commission. In real estate, the term "farming" refers to. working an area for buyers and sellers.Study with Quizlet and memorize flashcards containing terms like Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance, What is the main purpose of police power? A. to protect the health, safety, and welfare of the community B. to prevent people from committing crimes C. to put out fires D ...

Top creator on Quizlet ... Share. Students also viewed. Real Estate Finance Exam Prep - Loan Types. 45 terms. beaborrero1. Preview. Real Estate Finance Practice exam. 61 terms. dirtlint. Preview. Financial Accounting Final Exam - Content Set Ch. 8. 5 terms. lsheth8. Preview. Chapter 14 Quiz ACCT 321. 25 terms. gimenezge22. Preview.Knowing this, you should. Explain to the seller your obligation under law that the defect must be disclosed to potential buyers. Ohio Real Estate Practice Exam. Get a hint. A real estate agent is found guilty of a fair housing law violation, the agent's broker is. Click the card to flip 👆. liable only if the broker knew of the actions of the ...Study with Quizlet and memorize flashcards containing terms like a lease that requires a tenant to pay all operating expenses such as property taxes, insurance, and maintenance is:, a tenant who is interested in purchasing the house she is leasing and wants a chance to match a bid that may come in from a third party should obtain:, the following statement is true concerning subleasing: and more.Assumption clause. if loan is assumed new buyers obligated to pay off loan. straight assumption. new buyer responsible, can not impact seller's credit score. subject to assumption. buyer not liable for loan can impact seller's credit score. State Exam Prep Material Learn with flashcards, games, and more — for free.Study with Quizlet and memorize flashcards containing terms like Which of the following is exempt from the Natural Hazards Disclosure?, Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's …75 of 75. Quiz yourself with questions and answers for New York State Real Estate Salesperson Licensing Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Study with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that:, Most real estate agents are involved primarily in the sale of:, The IRS will treat the real estate salesperson as an independent contractor if 3 criteria are met. These criteria include: and more.

1. The address of the property that is being managed. 2. the duration of the agreement. 3. the property manager's compensation terms. A _____ working at a brokerage is exempt from holding an Arkansas real estate license. bookkeeper. Cami is a property manager for a four unit property in Bentonville.

106 of 106. Quiz yourself with questions and answers for Real Estate Practice Final Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.

Study with Quizlet and memorize flashcards containing terms like Which of the following is exempt from the Natural Hazards Disclosure?, Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see their dream home. The couple view the home that very day, make an offer and it's accepted. There's only one problem: They haven't ...Match. Study with Quizlet and memorize flashcards containing terms like All of the following are considered common interests community properties, except ?, The renewal period for real estate licensees is, A couple owns property as joint tenants and is going through dissolution of marriage. One of the spouses wishes to sell a property they own.75 of 75. Quiz yourself with questions and answers for New York State Real Estate Salesperson Licensing Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material. Study with Quizlet and memorize flashcards containing terms like Personal property that, by its attachment to real property, is regarded as real estate is called: A. an emblements B. personalty C. a fixture D. an appliance, What is the main purpose of police power? A. to protect the health, safety, and welfare of the community B. to prevent people from committing crimes C. to put out fires D ... Study with Quizlet and memorize flashcards containing terms like Which of the following professionals involved in the real estate business are the most concerned about managing real estate for clients? A) Brokers and Agents B) Property Managers C) Corporate Real Estate Managers D) Appraisers, Real Estate can be defined as A) Land and all property continued therein. B) Unimproved land. C) Land ... Terms in this set (28) A real estate sales agent may be employed by: Their broker. As a prerequisite to an agents use of an income and expense data worksheet, the agent asks a prospective broker: The price range of property the agent is most likely to list and sell. A (blank) occurs when a broker or their agent has a professional or personal ...Study with Quizlet and memorize flashcards containing terms like Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. ... CT Real Estate Licensing Practice Exam. 80 terms. Richiee1124. Preview. CT real estate salesperson exam. 25 terms. Nealetae. Preview. 2022 W-2 ...7 days. 30 days. Don't know? 34 of 34. Quiz yourself with questions and answers for New Mexico Real Estate Exam, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Missouri Real Estate Exam. 100 terms. savajohn. Preview. AP Gov Unit 1 questions (foundations of democracy) 11 terms. kai_mccarthy. Preview. health assessment exam 1.Get a low 4.925% APR. Calvin purchased a house for $220,000, financing $200,000 using a 30-year conventional mortgage at 4% interest. His monthly payment is $955, including both principal and interest. The annual property taxes are $1,400 and the combined annual insurance premium is $900.Study with Quizlet and memorize flashcards containing terms like a lease that requires a tenant to pay all operating expenses such as property taxes, insurance, and maintenance is:, a tenant who is interested in purchasing the house she is leasing and wants a chance to match a bid that may come in from a third party should obtain:, the following statement is …

Prescription. Implied grant. Necessity. 20 of 20. Quiz yourself with questions and answers for Texas Real Estate Exam Practice, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.1. complete an additional 15- hour course for non-residents. 2. furnish evidence of good moral character to the real estate commission. 3. pay a higher licensing fee than resident licenses. 4. file a consent to be sued in NJ. By definition, an "estate for years". 1. must be for at least two years.just describe the property. Study with Quizlet and memorize flashcards containing terms like The Oklahoma Real Estate Commission requires continuing education to include certain core subjects. Which one of these is NOT a core subject area?, Sales associate Jonathon joins a brokerage as an independent contractor.Instagram:https://instagram. willie watkins funeralbahsid mclean unblurred photoapplebee's new boston ohiosunbeam heated blanket blinking red Study with Quizlet and memorize flashcards containing terms like the real estate licensing authority in Indiana is the, Under what law are Indiana real estate broker license issued?, Which of the following is NOT a sanction taken by a regulatory board against a licensee for violating real estate law? and more. ... Indiana State Practice Exam ...Study with Quizlet and memorize flashcards containing terms like appurtenance, improvements, personal property and more. ... Champions School of Real Estate - Exam Prep. 177 terms. Dannym1te. Preview. Medical Malpractice. 11 terms. MarissaDelane. Preview. A&p lab practical II. 31 terms. juandiego1234567. Preview. 716 e clybourn stdent in the middle of my head the term used by lenders when the maximum rate of interest allowed by law is obtainable on financing a property. it is the rate of interest specified in the promissory note. Quiz yourself with questions and answers for Real Estate Practice …Study with Quizlet and memorize flashcards containing terms like Which type of report would a property manager prepare for their owner client to lay out the plan to finance long-term improvements?, Broker Jim signs a listing agreement with Seller Grace and a buyer agency agreement with Buyer Pat. Both Grace and Pat signed written disclosure statements agreeing to this arrangement. What is this ... stfc sarcophagus Study with Quizlet and memorize flashcards containing terms like Property management, appraisal, financing and development are all: a. specialization directly linked to state and federal government financial problems b. separate professions within the real estate industry c. real estate brokerage professions d. demographic factors that affect demand for real property in a commercial market ...Study with Quizlet and memorize flashcards containing terms like The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law, A group license A. allows …