Post licensing Study guides, Class notes & Summaries

302 NC POST LICENSING EXAM CONTRACTS AND CLOSING 2024 ACTUAL EXAM 400 QUESTIONS WITH COMPLETE SOLUTIONS

A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - Before buyer and agent discuss motivation or financial information. What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, & Reasonable care (OLD CAR) As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - Dual Agency - agent cannot advise or council Material facts which must be disclosed - ...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ANSWER The pricing pyramid A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorati...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for Correct Answer $300,000 What facts need not be disclosed in a real estate transaction? Correct Answer The property was the site of a homicide. What is a good graphic to show a seller that there will be more activity if the property is competitively priced? Correct Answer The pricing pyramid A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee i...

Gold Coast Final Exam 2023 Questions and Answers (Graded A) What is the form you sign that says you will pay the loan back ? - ANSWER promissory note What is the post licensing grace period after first expiration ? - ANSWER none Deposits is a form of... - ANSWER valuable consideration Physical land and improvements - ANSWER real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - ANSWER...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

NC 302 POST LICENSING CONTRACTS & CLOSINGS/NC POST LICENSING 302 JJ LATEST ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

The department requires start up funds equal to ______ months operating expenses. (85018)(b)(1) - ANSWER3 months No other person than the _____ shall alter the prescription label. (80075)(k)(4) - ANSWERdispensing pharmacist Medication shall be centrally stored when...(80075)(j) - ANSWER1. preservation of medication requires refrigeration 2. medication is determined by the physician to be hazardous if kept by the resident 3. administrator/licensing determines the medication to be a safety...

FL RE Post-Licensing Practice Exam 2 The RE School , (Answered) Compete Verified Solution 2024. What is the relationship between a property's net operating income and it's present value? Capitalization rate refers to the ratio of net operating income and property's present value. The correct answer is: Capitalization rate What is the occupancy rate of a 40-unit apartment building if 38 units are rented? To calculate the occupancy rate we divide units rented by total units in the buildin...