CE Shop Exam Questions And Answers

What method is most expedient when asking GREC to investigate a complaint? - ANSWER-A sworn written request for investigation of a complaint against a licensee, instructor, or license applicant is most expedient. In terms of encumbrances, what's a license? - ANSWER-A license is permission to do...

Transfer fees can be assessed on real property sales at a rate of - ANSWER-$1.85 per $500 of the sales price and are typically paid by the seller. All advertisements must include - ANSWER-the full name of the licensee's real estate brokerage firm. If a licensee is part of a team, the team name n...

Loans made to high-risk borrowers, at higher interest rates and with higher fees, are ______. -Highly qualified loans -Prime loans -Secondary loans -Subprime loans - ANSWER-Subprime loans Real estate licensees should counsel their buyers who are purchasing a recently remodeled or newly built ...

1031 tax-deferred exchange - ANSWER-"Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest the proceeds in a "like-kind" property and defer paying any capital gains taxes. Ex. Real estate investors can take advantage of the 1031 tax...

Mac isn't licensed, but he's helping his sister, Katie, find a new house. Which of the following activities can Mac legally do? Negotiate the purchase price of Katie's new home for a $1,000 flat fee Negotiate the sale of Katie's old house for a $200 restaurant gift card Receive compensation ...

Which regulation defines the duties and responsibilities of real estate professionals? - ANSWER-Code of Virginia Title 54.1 Chapter 21 What is defined in VAC Title 18, Agency 135, Chapter 20? - ANSWER-The Virginia Real Estate Board's licensing regulations What is the VREB authorized to do? - AN...

Alexi signed a time-share purchase contract on the Wednesday before Memorial Day weekend. What is the last day he can possibly submit a cancellation notice to the seller? A. On Memorial Day B. The day after Memorial Day C. The day before Memorial Day D. The Friday before Memorial Day - ANSWER-...

Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 states that its purpose, in part, is to require that real estate appraisals used in connection with federally related transactions be performed ______. By licensed real estate professionals By members of the App...

Which of the following written statements is required in a dual agency disclosure in Georgia? -Confidential Information won't be disclosed to the opposite party -Dual agency is the default relationship unless otherwise stated -Dual agency represents no conflicts of interest -The broker will no...

Vivint SHP practice exam 130q with 100% correct answers True or false the fire fighter may be installed next to a standalone battery powered smoke detector - ANSWER-False True or false when performing a full system test you may bypass any open doors or windows - ANSWER-False When programming ...

which of the following is the price a lender believes the property will bring at a foreclosure sale? - ANSWER-mortgage value Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ - ANSWER-willing to pay Sc...

What type of agency exists because of the actions and behavior of the parties? Action agency Behavioral agency Express agency Implied agency - ANSWER-Implied agency Which entity ensures that contractors perform their work according to code by inspecting their job sites? City hall The attorne...

Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series...

Vivint Smart Home Pro Final Exam Questions And Answers 12-24v - ANSWER-What is the input voltage range of the Doorbell Cam? 16.5 VAC - ANSWER-What is the output voltage of the transformer used to power the SkyControl panel? true - ANSWER-True or False: When programming a sensor into the sky pan...