Delaware Real Estate Salesperson Ch 1-22 Practice Questions and Answers

The ownership of a condominium unit differs from that of an ownership interest in a cooperative apartment project in which of the following ways? you can be deeded fee simple title on a condominium unit If you are a licensee selling your own real property, you must: include a contract provision informing prospective buyers of your interest in the property If an attorney also has an insurance license and a real estate broker's license, in one transaction he can legally collect: broker's fee and insurance fee The licensing laws require which of the following to be in writing? not a listing agreement for the sale of a business Not a listing contract for the sale of a business or for rentals Before issuing a real estate salesperson's license, new jersey requires: minimum education requirements No citizenship/residency No experience Broker's real estate ads in new jersey must include? the name of the brokerage firm Alice purchased a two bedroom condominium. She now holds: fee simple interest in her unit Which of the following would not need a real estate license? a person selling real estate pursuant to a court order The membership of the real estate commission must include representatives of: 5 members of real estate Government appointed official 2 members of the public Which of the following must comply with the licensing requirement of title 45, chapter 15/? an auctioneer The broker must give a copy of the listing to the: seller The realtor code of ethic is: a code obligatory upon members of the national association of realtors