Notes & Summaries for Real Estate Law

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Exam (elaborations)

MS REAL ESTATE COMPLETE SOLUTIONS
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July 2024

2023/2024

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MS REAL ESTATE COMPLETE SOLUTIONS Commission Rules Can a real estate licensee appeal a hearing decision rendered by the Real Estate Commission? a. Yes, but only if the appeal is made within 30 days of the decision b. No, there is no appeal process c. Only if the license is revoked d. Only if the license is suspended Answer: a. Yes, if the appeal is made within 30 days of the notice of the commission's action Cooperating Agreements How many days does an agent have to send in th...
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Mississippi State Real Estate Complete Answers
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July 2024

2023/2024

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Mississippi State Real Estate Complete Answers Commission Members How many years must a broker be licensed before being appointed to the Mississippi Real Estate Commission? a. Three b. Five c. Seven d. Ten Answer: b. Five Broker Responsibilities Who is responsible for the daily real estate activities of a company? a. The salesperson b. The responsible broker c. The commission d. The company owner Answer: b. The responsible broker License Status What happens to a...
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Exam (elaborations)

MS Real Estate State Portion Guaranteed Success
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July 2024

2023/2024

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MS Real Estate State Portion Guaranteed Success Agency and Escrow What should a broker do if they accept a check that is later found to be dishonored? a. Immediately notify the parties involved b. Wait 30 days before notifying the parties c. Do nothing, as it's not a big deal d. Keep the check and try to use it again Answer: a. Immediately notify the parties involved Trust Funds What should a broker do with earned money received from a client or customer? a. Keep it in their...
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Exam (elaborations)

Mississippi Practice & REAL Exam Questions With Complete Answers
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July 2024

2023/2024

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Mississippi Practice & REAL Exam Questions With Complete Answers * The management entity The president of the timeshare association A timeshare owner appointed by the other owners The developer ️Which of the following shall act in the capacity of fiduciary to the purchasers of the timeshare plans? * immediately with one day with three days within five days ️Real estate licensees must provide a true and correct copy of a document to any party ________ upon signing the do...
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Exam (elaborations)

Unit 3 - MN Real Estate Financial Instruments, Foreclosures and Foreclosable Liens, and Protection of Rights and Interests
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July 2024

2023/2024

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Available in bundle
Unit 3 - MN Real Estate Financial Instruments, Foreclosures and Foreclosable Liens, and Protection of Rights and Interests Minnesota Real Estate Taxes What is the Minnesota Mortgage Registry Tax computed as? Options: a. 0.23% of the mortgage amount; b. 1.65 per $500; c. $3.30; d. 10% Answer: a. 0.23% of the mortgage amount; Deed and Property Tax What is the minimum registry tax amount for a property? Options: a. $3.30; b. $1.65 per $500; c. The amount depends on the county; d. Th...
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Exam (elaborations)

MN Practice Exam Questions All Answers Correct
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July 2024

2023/2024

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MN Practice Exam Questions All Answers Correct Minnesota Real Estate Licensing When can a landlord deposit screening fees in Minnesota? Options: a. After one applicant has been selected; b. After all applicants have been screened and either rejected or offered a rental unit; c. After the rental agreement has been signed; d. After the security deposit has been paid Answer: b. After all applicants have been screened and either rejected or offered a rental unit; Foreclosure and Real Est...
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Exam (elaborations)

MN Real Estate State Test Practice Guaranteed Success
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July 2024

2023/2024

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MN Real Estate State Test Practice Guaranteed Success Real Estate Contracts To remove a lien associated with a contract, what must Carmen do? Options: a. File a lawsuit against the Navarreses; b. Deliver a lien waiver to the Navarreses; c. Negotiate with the Navarreses to settle the debt; d. Seek mediation with a neutral third party Answer: b. Deliver a lien waiver to the Navarreses; Minnesota Real Estate What might qualify for reimbursement from the Minnesota Petroleum Tank Releas...
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Exam (elaborations)

Minnesota State Real Estate Test Review Verified Solutions
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July 2024

2023/2024

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Available in bundle
Minnesota State Real Estate Test Review Verified Solutions Real Estate Agreements What type of agreement would a homeowner give to his neighbor to allow him to park an RV in his backyard without making it permanent? Options: a. A deed; b. A license; c. A lease; d. A contract Answer: b. A license; Zoning and Land Use What type of permit would a landowner need to obtain to build a neighborhood grocery store on a busy street in an area zoned for residential use? Options: a. Building p...
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Exam (elaborations)

Ree3433 Real estate law- ucf- Exam 2 Questions with 100% correct answers | verified | latest update 2024
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4

June 2024

2023/2024

A+
Available in bundle
Ree3433 Real estate law- ucf- Exam 2 Questions with 100% correct answers | verified | latest update 2024
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