West virginia real estate Study guides, Class notes & Summaries

What are the two biggest characteristics of land that have the largest impact on market value? - Answer- Uniqueness and Immobility FISCAL POLICY = - Answer- GOVERNMENTAL CONTROLS Know this for reals! ANYTIME you see the government mentioned in a supply and demand question what is it affecting? - Answer- Supply The agency responsible for the enforcement of the Fair Housing Act is the - Answer- Department of Housing and Urban Development. It is illegal for a lending institution to r...

West Virginia Real Estate Specific Exam Questions and Answers Already Passed Broker is ordering the sign for her new firm. Which is NOT a sign requirement? Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Brok...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if the frien...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? - Answer- Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing if t...

Broker is ordering the sign for her new firm. Which is NOT a sign requirement? CORRECT ANSWER Letters at least 2 inches in height The Reason: Every sign shall prominently display the name of the broker, the term "Broker" and the company name, if any, all in letters not less than 1 inch in height. If the broker so desires, the names of the salespersons or associate brokers may be placed below the name of the broker. Broker Bob can pay his friend a referral for helping him obtain a listing...

What are the two biggest characteristics of land that have the largest impact on market value? CORRECT ANSWER Uniqueness and Immobility FISCAL POLICY = CORRECT ANSWER GOVERNMENTAL CONTROLS Know this for reals! ANYTIME you see the government mentioned in a supply and demand question what is it affecting? CORRECT ANSWER Supply The agency responsible for the enforcement of the Fair Housing Act is the CORRECT ANSWER Department of Housing and Urban Development. It is illegal for a lend...

West Virginia Real Estate Specific Exam

FIRREA—Financial Institutions Reform, Recovery, and Enforcement Act of 1989 - correct answer -Required banks to get appraisals on most properties. -Required that certified appraisers be used to perform appraisals -Required that states follow Appraisal Foundation requirements in order to certify appraisers. Real Estate - correct answer a particular piece of land and anything that is permanently attached to it. Real Estate appraisal - correct answer an opinion of value for a piece...

All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed the broker required education.. (90 hours) -The overall requirement is 180 hours which would have bee...

All members of the West Virginia Real Estate Commission must have been residents of the state for at least the previous___________. - 6 years What are the requirements necessary for a West Virginia salesperson licensee to obtain a broker license - - Served an apprenticeship as a licensed salesperson for two years and experience the equivalent of a full-time license sales agent. - Completed the broker required education.. (90 hours) -The overall requirement is 180 hours which would have bee...