1 brokerage definition Study guides, Class notes & Summaries

1. Brokerage definition... - correct answer the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - correct answer schools and cemetary 3. What is an example of functional obsolescence? - correct answer bathroom 4. Principal definition... - correct answer a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition......

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

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...

Real Estate Practice Exam Questions and Answers (Graded A)Real Estate Practice Exam Questions and Answers (Graded A)Real Estate Practice Exam Questions and Answers (Graded A) 1. Brokerage definition... - ANSWER-the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? - ANSWER-schools and cemetary 3. What is an example of functional obsolescence? - ANSWER-bathroom 4. Principal definition... - ANSWER-a consumer of real esta...

TN State Exam Practice 1 Questions and Answers Already Passed In Tennessee, what's the minimum age to earn a real estate license? 16 18 21 25 18 Which of the following is the most accurate definition of the word "creed"? A disability A national culture A set of beliefs A system of racial categorization A set of beliefs TREC and any committee created under TREC is entitled to whose legal services? The district attorney of the county in which TREC operates The ...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Single Agent correct answers A broker who represents either the seller or the buyer in a real estate transaction, but not both. Dual Agency correct answers An illegal arrangement whereby the broker tries to represent both the buyer and the seller in the same transaction. A residential sale is defined as: correct answers -property with four units or fewer, -unimproved residential property intended for use of four units or fewer, or -agricultural property of 10 acres or fewer. The three...

Real Estate Practice Exam Questions 1. 1. Brokerage definition...: the business practice of bringing together the parties in a practice. 2. 2. What are two examples of special use property?: schools and cemetary 3. 3. What is an example of functional obsolescence?: bathroom 4. 4. Principal definition...: a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. 5. Capitalization definition...: the process of d...

Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations - Date and time of the request - Consumer's name and contact information - Applicable 10-digit phone number(s) - ANSWER-A brokerage, as a telemarketer, must register with the National Do Not Call List...

1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... the process of determining the present value of a property from it's fut...