Realty transfer fee Study guides, Class notes & Summaries

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

CCR COLORADO CONTRACTS & REGULATIONS QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ Which of the following must have a real estate license in Colorado? A. An on-site manager of an apartment building performing the customary duties of an on-site manager. B. A regularly salaried, on-site manager of a condo complex employed by a homeowner association, who also shows and sells units in the complex, for individual owners. C. A real estate broker licensed in another state that receives a s...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

Statutory Basis for Personal Jurisdiction - ANSWER1) General Jurisdiction 2) Specific Jurisdiction General Jurisdiction in Florida - ANSWER1) Present in Florida when served 2) Domiciled in Florida 3) Incorporated in Florida 4) Substantial Activity in Florida Specific Jurisdiction in Florida - ANSWERLong Arm Statute 1) Operation of a business or office in florida 2) Owning, possessing or holding a mortgage/lien on land in florida 3) Committing a tortious act in the states; don't ...

Maryland Law Final Exam Questions and Answers Already Passed Which of the following is NOT a requirement in obtaining a real estate license? a. affiliate with a broker b. pass state exam c. 15 hours of continuing education d. complete required 60 hour course c. 15 hours of continuing education Al, a broker, listed his friend Bills home. Bill just took a job in another city and needed to sell quickly. In order to help Bill, Al told Jay about the home, Bill's new job and his eagerness to mov...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Rockwell Real Estate Questions and Answers Already Passed 3 methods of legal description Metes and Bounds - Local. Describes the property location in the location itself Government Survey method - Used to identify the location of the property in reference to the united states survey map. Meridian and Baselines, Range and township lines The lot and black method is the standard method for describing downs and cities. - Map showing lots and blocks in the subdivision is called a plat or a plat map...