Aceable Exam 1 2025 UPDATE Verified Questions And
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For a listing agreement to be enforceable in court, it MUST be: - (ANSWER)in
writing
Michael is a listing agent in an agency agreement where the seller has agreed to
give him any money he receives in the sale of the house that is over $200,000.
Which of the following BEST describes which agency agreement this is an example
of? - (ANSWER)net listing
for their respective careers.________________________________________1. Business Exams1.1. Overview of Business EducationBusiness education prepares students for leadership and management roles in various
industries. It focuses on critical thinking, decision-making, problem
When should the listing agent give the seller a blank copy of the Seller's
Disclosure of Property Condition to fill out? - (ANSWER)the day the sales agent
lists the property.
Who carries out the trustor's wishes concerning the property, and for the benefit
of whom? - (ANSWER)the trustee carries out the wishes of the trustor concerning
the property for the benefit of the beneficiary
Which is one of the unities that distinguishes a joint tenancy from other kinds of
co-ownership? - (ANSWER)Unity of title
In a general partnership, all partners are required to take responsibility for: -
(ANSWER)the action of all partners
, A homestead is defined as: - (ANSWER)a property that a person or family owns
and occupies as their primary residence
What are real estate license holders obligated to tell every buyer about an
abstract of title? - (ANSWER)that the buyer should obtain one and have it
examined by an attorney.
for their respective careers.________________________________________1. Business Exams1.1. Overview of Business EducationBusiness education prepares students for leadership and management roles in various
industries. It focuses on critical thinking, decision-making, problem
What are real estate license holders obligated to tell every buyer about an
abstract of title? - (ANSWER)riparian rights
Winston and Ally purchased a home together, but both remained on the title
after their divorce, even though Ally got the house to herself. While trying to sell
the house, it is discovered that Winston is still considered an owner. This is an
example of what type of encumbrance? - (ANSWER)cloud on title
What is an executed contract? - (ANSWER)An existing contract in which all terms
have been fulfilled.
Which of the following is an essential element of a valid contract? -
(ANSWER)consideration
What is the term used when one contract is substituted for another? -
(ANSWER)novation
Answers | With 100% Correct Answers graded A+
Guaranteed Success!!
For a listing agreement to be enforceable in court, it MUST be: - (ANSWER)in
writing
Michael is a listing agent in an agency agreement where the seller has agreed to
give him any money he receives in the sale of the house that is over $200,000.
Which of the following BEST describes which agency agreement this is an example
of? - (ANSWER)net listing
for their respective careers.________________________________________1. Business Exams1.1. Overview of Business EducationBusiness education prepares students for leadership and management roles in various
industries. It focuses on critical thinking, decision-making, problem
When should the listing agent give the seller a blank copy of the Seller's
Disclosure of Property Condition to fill out? - (ANSWER)the day the sales agent
lists the property.
Who carries out the trustor's wishes concerning the property, and for the benefit
of whom? - (ANSWER)the trustee carries out the wishes of the trustor concerning
the property for the benefit of the beneficiary
Which is one of the unities that distinguishes a joint tenancy from other kinds of
co-ownership? - (ANSWER)Unity of title
In a general partnership, all partners are required to take responsibility for: -
(ANSWER)the action of all partners
, A homestead is defined as: - (ANSWER)a property that a person or family owns
and occupies as their primary residence
What are real estate license holders obligated to tell every buyer about an
abstract of title? - (ANSWER)that the buyer should obtain one and have it
examined by an attorney.
for their respective careers.________________________________________1. Business Exams1.1. Overview of Business EducationBusiness education prepares students for leadership and management roles in various
industries. It focuses on critical thinking, decision-making, problem
What are real estate license holders obligated to tell every buyer about an
abstract of title? - (ANSWER)riparian rights
Winston and Ally purchased a home together, but both remained on the title
after their divorce, even though Ally got the house to herself. While trying to sell
the house, it is discovered that Winston is still considered an owner. This is an
example of what type of encumbrance? - (ANSWER)cloud on title
What is an executed contract? - (ANSWER)An existing contract in which all terms
have been fulfilled.
Which of the following is an essential element of a valid contract? -
(ANSWER)consideration
What is the term used when one contract is substituted for another? -
(ANSWER)novation
