PACKAGE DEAL FOR CE Shop Final Exam Correct 100%(COMPLETE FULL PACK SOLUTIONS)

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 of...

Depreciation - ANSWER Real property ownersip has significant tax advantages. Which of the following is an advantage? The building department - ANSWER Which entity ensures that contractors perform their work according to code by inspecting their job sites? Salesperson - ANSWER Which type of rea...

Depreciation - ANSWER Real property ownersip has significant tax advantages. Which of the following is an advantage? The building department - ANSWER Which entity ensures that contractors perform their work according to code by inspecting their job sites? Salesperson - ANSWER Which type of rea...

The components that make up a borrower's mortgage payment can best be remembered using which acronym? - ANSWER PITI (principal, interest, taxes, and insurance) From a real estate professional's point of view, what's the purpose of qualifying buyers? - ANSWER To determine the buyer's readiness...

Kris made an offer on Lincoln's townhouse. However, Kris offered no earnest money. If Lincoln accepted her offer, would it be binding? -ANSWER Yes, because the offer to buy is the consideration. What score does an applicant need to pass the national and state exams for a real estate affiliate b...

What is a general lien? A claim against a person and all of that person's property A claim against a specific piece of property A type of mortgage lien A type of tax lien - ANSWER A claim against a person and all of that person's property Which of the following discriminatory practi...

In terms of encumbrances, what's a license? - ANSWER A license is permission to do something on 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 e...

Which of the following statements about sub-agency in Maryland is true? - ANSWER It is legal in Maryland Jerome, a real estate licensee, works independently instead of under a sponsoring broker. This means that he is licensed as ________. - ANSWER broker In order to be enforceable, what does t...

The Housing and Community Development Act of 1974 added which protected class to federal fair housing law? - ANSWER Sex When is a cease and desist order effective? - ANSWER Immediately upon issuance What's another name for an escrow account? - ANSWER trust account Which act was the first t...

What is the maximum amount of time a protection or override clause can be in effect? - ANSWER Six Months Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? - ANSWER Highest and Best Use Which of the following statements is t...

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...

In most markets, in which month would a real estate downcycle typically start? - ANSWER November You have a listing agreement with Sam, which makes him your ______. - ANSWER Client Who has the ultimate responsibility for the sales agent's actions in Texas? - ANSWER The sales agent, and the sa...

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 at...

______ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age, transaction price, etc. Bracketing Bridging Subs...