Quizlet real estate practice exam.

National Pearson VUE Real Estate Exam Prep. A broker lists a property and begins marketing it. The seller sells the property to a neighbor and upon closing pays the broker a full commission. What type of listing agreement did the brokerage firm have with the seller?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.At $10 per square foot, the tenant's base rent is $30,000. Since the total rent was $60,000 that means the remaining $30,000 was due to the gross sales percentage. Since that figure is 8%, simply divide $30,000 by .08 to arrive at $375,000. what is Economic obsolescence.Study with Quizlet and memorize flashcards containing terms like In the termination of a real estate sales contract that includes earnest money. Which of the following actions returns the contract's parties to their original position before the contract (status quo), including return of the earnest money? A. Suit for specific performance.Study with Quizlet and memorize flashcards containing terms like Geraldine runs a credit report on William, an applicant wishing to become a tenant in one of her units. Based on William's credit report, Geraldine decides to reject William's application. The Fair Credit Reporting Act states Geraldine MUST:**, Rory wants to invest some of his money. He …

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 ...

Study with Quizlet and memorize flashcards containing terms like Which of the following statements about license laws is INCORRECT?, In New York, ...

After operating the firm for 17 years, Trethlon Manufacturing just sold its entire operation for $5.7 million. The adjusted purchase price was $3.9 million. While the corporation ran the business, it spent $970,000 on capital improvements. Real estate commissions and other costs of the sale were $358,000. What is Trethlon's capital gain?78 of 78. Quiz yourself with questions and answers for Michigan 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.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 …This period begins on the FIRST DAY of the month AFTER passing the state exam. 1. For Broker's License, applicant must have ACTIVE Salesperson License for ___ out of ___ years immediately preceding the application. 2/3. The fee to transfer your Salesperson License to a new Qualifying Broker is $___. $25.Real Estate licensees should know enough about building ordinances to be able to. Alert clients of potential problems in a home. 160 County Drive has 4 acres of open pasture and a 1,900 square foot home. The home has 2 bedrooms and 4 bathrooms. Call 555-555-5555 now for information!

Online banks. 20 of 20. Quiz yourself with questions and answers for 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.

214 Multiple choice questions. Term. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks.

Study with Quizlet and memorize flashcards containing terms like A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements, A property owner has a waterfront lot on a stream. He has the right to use the water from the ...If one uses the words "of definite duration" to describe a lease, it is most likely an. Estate for years; has a definite termination date such as Jan 5th - March 5th. A township contains only. 36 sections. Topics ranging all over that are included on the Michigan real estate exam. Learn with flashcards, games, and more — for free.When it comes to taking the PSI real estate practice exam, preparation is key. Taking the time to properly prepare for the exam can help you feel more confident and increase your c...With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Real Estate MO Learn with flashcards, games, and more — for free.Test your knowledge of real estate terms and concepts with this set of 90 flashcards created by Logan_Cooper289. Learn the definitions, examples and applications of brokerage, principal, capitalization, appraisal, agency and more.Real Estate Exam Massachusetts Test Practice. Get a hint. The usual period during which Massachusetts lender advertise a property that is in foreclosure proceedings prior to sale is how many weeks? Click the card to flip 👆. Three. Click the card to flip 👆. 1 / 23.

No. 1 of 297. Term. KREC determined that Tom Epacs was practicing real estate without a license. He will be found guilty of a _____ for the first offense and a ______ for subsequent offenses. Class A misdemeanor, Class D felony. A three-bedroom, two-bath house in a subdivision. Errors and omissions insurance.Study with Quizlet and memorize flashcards containing terms like A developer may not sell, offer, or dispose of a timeshare interest unless all necessary registration requirements are completed and approved by:, Which of the following has the duty of supervising and controlling all aspects of the offering of a timeshare plan?, If the broker finds out that a licensee licensed under that broker ...Study with Quizlet and memorize flashcards containing terms like If a 17 year old signs a contract is the contract:, A property owner advertises property available for lease with a swimming pool. ... Real Estate Broker Practice Exam #8 - practice test. 47 terms. bethany_lopez466. Preview. RA pg 21&22. 23 terms. baileykearns217. Preview ...Free Florida Real Estate Practice Exam Questions (April 2024) 100+. Florida Real Estate Exam. Hello, welcome to our Florida Real Estate Practice Exam. In Florida, there are …The 75 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New York real estate license law. Here are what topics you are expected to know: New York General Exam Topics: Property Ownership. Land Use Controls and Regulations. Valuation and Market Analysis. Financing.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. 214 Multiple choice questions. Term. Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks.

17. 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.Real Estate Agent License Practice Test. Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Most states administer the tests in two parts, and require that the candidate pass both.

Study with Quizlet and memorize flashcards containing terms like Which statement is true about a comparative market analysis (CMA)? 1. A CMA is the same as an appraisal. 2. It can help a seller decide what to ask for the property. 3. An agent is obligated to complete a CMA on each listing he or she takes. 4. It is not a valid way to arrive at market value., A loan that specifies a specific ...Study with Quizlet and memorize flashcards containing terms like Which method of describing land is NOT used in North Carolina?, In North Carolina, the last day that real estate taxes for the current year may be paid without penalty is, A description of property that reads "Beginning at the large oak tree on the northern line of State Road 18, approximately one mile west to the intersection of ...2024 Edition. Real Estate Agent License Practice Test. Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice …SC Real Estate Practice Exam. Licensee Lance has signed a written brokerage agreement with seller Daisy. He's responsible for helping Daisy complete her paperwork and submitting offers and counter-offers to and from her, but he's not considered her advocate, and he doesn't owe her any fiduciary duties. Based on this, you know he's acting as aStudy with Quizlet and memorize flashcards containing terms like The real estate marketplace is a stratified marketplace. Stratified means that: a. prices are at high levels. b. prices can be expected to continue to rise. c. the marketplace is not the same in different price ranges. d. the marketplace reflects the income of the buyers., Most real estate agents are involved primarily in the ...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 ...Study with Quizlet and memorize flashcards containing terms like Under the law of agency, a broker's responsibility to the principal is?, Which of the following items would have to be disclosed to prospective buyers by the listing broker?, Under a sales contract, the legal remedy that MAY be used to force the seller to consummate the sale is called? and more.

Sep 14, 2022 · Study with Quizlet and memorize flashcards containing terms like Under the law of agency, a broker's responsibility to the principal is?, Which of the following items would have to be disclosed to prospective buyers by the listing broker?, Under a sales contract, the legal remedy that MAY be used to force the seller to consummate the sale is called? and more.

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 A title was recorded for a parcel of real property vested in the name of Johan Wilson, a property only in the name of Johan Roberts, a married woman. ... NATIONAL REAL ESTATE EXAM PRACTICE TEST. 164 terms. talyn_provo1. Preview. BLAW 3391 FINAL EXAM (CH.10 - CH.18) 75 terms ...The 75 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to New York real estate license law. Here are what topics you are expected to know: New York General Exam Topics: Property Ownership. Land Use Controls and Regulations. Valuation and Market Analysis. Financing.Study with Quizlet and memorize flashcards containing terms like equity, operating expenses, recommend that the buyer insert an inspection contingency in the purchase agreement and more. ... Pearson Vue Real Estate Practice Exam. 67 terms. Ms_darcy. Preview. 1040EZ Quiz - BUS030 Persona. 6 terms. ashleylimburg70. Preview. Civil Procedure ...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.An Estate for Years. 12 of 50 - Ross, a newly licensed residential real estate appraiser, is on his way to appraise his very first piece of property. He is nervous on the way to the property and is going through the appraisal process in his head. Please help Ross put the appraisal steps in order. A. State the problem.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 ...Annual net income divided by the rate of return will equal value. $1,050 a month x 12 = $12,600 / 0.12 rate of return = $105,000 value. An adult buyer who is illiterate signs a contract to purchase property from a seller. The buyer understands the nature of the contract because the terms were explained orally.37 of 37. Quiz yourself with questions and answers for Real Estate Appraisal 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 If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine and/or jail c. is following standard operating procedures d. is ineligible for a license for 2 years, An …78 of 78. Quiz yourself with questions and answers for Michigan 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.A note secured by a mortgage or deed of trust given by a buyer, as borrower, to a seller, as lender, as part of the purchase price of the real estate. Debit. On a closing statement, an amount charged; an amount the party must pay at settlement. Arms Length Transaction. Study with Quizlet and memorize flashcards containing terms like Safety ...Instagram:https://instagram. lt 1500 craftsman belt diagrammeijer credit card accounthip hop chicken pikesvilleallwood park trolls securing tenants of a particular ethnic origin in accordance with the owners wishes. that she discloses her status as a real estate salesperson in the listing. recoding fees and title insurance premiums. Term. Quiz yourself with questions and answers for Real Estate Practice Exam 1, so you can be ready for test day.Study with Quizlet and memorize flashcards containing terms like Annual Percentage Rate (APR), Blockbusting, Discrimination and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Fiduciary Duties in Real Estate. Teacher 28 terms. Itslynn19. clones ocusaa bank direct deposit form Test your knowledge of real estate terms and concepts with this set of 90 flashcards created by Logan_Cooper289. Learn the definitions, examples and applications of brokerage, principal, capitalization, appraisal, agency and more.Study with Quizlet and memorize flashcards containing terms like Which of the following is the best example of external obsolescence:, The city has decided to pave the street in front of your house. The cost of paving is $25 per running foot. The city agrees to pay 30 percent of the cost of paving. foot. The remaining costs are to be apportioned between the owners on both sides of the street ... jfrog cli upload The #1 Rated Free Real Estate Practice Exam. Designed to help pass your test. Actual questions and answers with zero fluff.Study with Quizlet and memorize flashcards containing terms like Product that a real estate sales associate must market _____ _____, The three areas of expertise that real estate licensees bring to the transaction:, Five major sales specialties: and more. ... Real Estate Practice Exam Questions. Teacher 90 terms. Logan_Cooper289. Preview. Real ...Study with Quizlet and memorize flashcards containing terms like A) Notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission., D) It is illegal for a broker to rebate a portion of the commission to a principal to a transaction., A) 90 days. and more.