Principles of Real Estate 1- Champions| QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024

Principles of Real Estate 1- Champions| QUESTIONS AND ANSWERS | ALREADY PASSED | VERIFIED & UPDATED | 2024 Contracts with a person who lacks mental capacity can be - Answer either void or voidable Community property is a concept of - Answer Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - Answer an agent will have the opportunity to sell their own listing. Oil and gas companies employ - Answer a large number of individuals with a real estate background. The NFIP - Answer offers flood insurance The NFIP offers flood insurance to - Answer homeowners, renters, and business owners The vast majority of homes built in the United States are - Answer site built. When a condominium is sold, three interests are created: - Answer fee simple ownership of the unit, fee simple ownership in an undivided interest in the common areas, and an easement to the airspace occupied by the unit. The Bureau [CFPB] is responsible for enforcing - Answer federal consumer financial law To convert 152,460 square feet of land: - Answer 152,460 / 43,560 = 3.5 Exclusive agency agreements - Answer list their properties with a broker, primarily to expose their properties through the multiple listing service Easements may be created by - Answer grant, reservation, implied grant, prescription, necessity, condemnation. The Texas Real Estate Commission consists of - Answer of nine members and three members who represent the public.