Which type of deed Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? The tenant remo...

PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien i...

Real Estate Principles Final Exam(2023 updated)correctly answered to passAnything that is fastened or attached to real property permanently is considered to be: - correct answer Real Property A quitclaim deed releases all present claims, rights and title of the: - correct answer Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - correct answer Obtain a writ of execution Before a mechanics lien is effective it must be: - co...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...

Florida Real Estate STATE exam Questions and Answers 100% Pass 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 D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

NYREI School Exam (question and answers 2023) graded A+What is the minimum licensing requirement to sell commercial real estate in New York? - correct answer a real estate salesperson's license What is the preferred method of creating an agency relationship? - correct answer expressed agency An amenity purchaser - correct answer occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - correct answer real / deed A salesperso...

Notary Exam 2023 Practice Questions with Verified Solutions If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: Forge...

Real Estate Principles Final Exam Verified Answers Anything that is fastened or attached to real property permanently is considered to be: ️Real Property A quitclaim deed releases all present claims, rights and title of the: ️Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: ️Obtain a writ of execution Before a mechanics lien is effective it must be: ️Verified and recorded Discrimination by a real estate licens...

Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive CORRECT A...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...