Leases and licenses Study guides, Revision notes & Summaries

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Colorado Real Estate Post-Exam What is the purpose of the Colorado Real Estate law - correct answer to protect the public in all matters of real estate Under Conway-Bouge, licensees - correct answer must be connected to the transaction must use standardized and approved forms may not charge a separate fee for preparing documents Title insurance companies - correct answer act as scrivener of the real estate broker, who is responsible for all documents produced by the title company The...

Charles Barnes Real Estate Questions and Answers Already Passed How does the Code define Real Estate??? Any interest or estate in real property, within or without the State of Oklahoma, whether vested, continent or future, corporeal or incorporeal, freehold or nonfreehold, and including leaseholds, options and unit ownership estates to include condominiums, time-shared ownerships and cooperatives; provided, however, that the term "real estate" show not include oil, gas or other miner...

Principles of Real Estate Questions With Correct Answers. Texas Real Estate Agent A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? No. There are two types of licenses: broker's and salesperson's license What is the most popular division of the real estate market? Residential real estate because there are more transactions in residential in other...

Colorado Real Estate Post Question and answers already passed 2024 What is the purpose of the Colorado Real Estate law - correct answer to protect the public in all matters of real estate Under Conway-Bouge, licensees - correct answer must be connected to the transaction must use standardized and approved forms may not charge a separate fee for preparing documents Title insurance companies - correct answer act as scrivener of the real estate broker, who is responsible for all documents...

Management Plan Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the market regional & neighborhood). Organizational and educational programs available to assist in enhancing the property manager's knowledge, identifying resources to resolve issues, and expanding their business...

Gold Coast RE 1001 Cram, Practice Math and Final Exam Q&A 2024 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 - CORRECT 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....

Land - Answer-The physical property and any natural objects on it - like trees and bodies of water, often referred to as a "lot', "site", or "parcel". Real estate - Answer-generally refers to land with permanent manmade improvements. Real property - Answer-refers not only to the land and its improvements, but also the bundle of rights, powers, and privileges ("bundle of rights") that are legally connected to ownership of that land. Transferred by deed. Tangible rights - Answer-b...

Illinois Real Estate Exam Questions and Answers Already Passed In Illinois, the real estate license law is administered by the...? IDFPR (Bureau of Real Estate Professions) How are the nine members of the Real Estate Administration and Disciplinary Board Selected? By the governor What is the name given to the Illinois license laws under which brokers and salespeople practice? Real Estate License Act of 2000 After May 1, 2011, the new license categories are: Managing Broker and Broker After A...

The Motor Vehicle Dealer Board has among its members Board is comprised of three (3) motor vehicle dealers, three (3) used motor vehicle dealers, and three (3) public members The Motor Vehicle Dealer Board is authorized and empowered to a. issue or deny buyer agent licenses b. issue or deny manufacturer representative licenses c. issue or deny motor vehicle dealer and salesperson licenses d. all of the above C. the administration, enforcement, issuance, and denial of licenses...