Duties of the lessee Study guides, Study notes & Summaries
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Michigan Residential Builder's License Test With Correct Solution
- Exam (elaborations) • 114 pages • 2023
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What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year 
 
What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years 
 
On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address 
 
What is the cost of the individ...
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...
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NYS Notary Exam with 100% Correct Answers 2023
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NYS Notary 
A Notary who refrains from performing a duty, which is imposed by law or inherent in 
the nature of his/her office, may be guilty of? 
a. A felony 
b. Criminal Contempt 
c. A Tort 
d. A Misdemeanor - Correct answer-d. A Misdemeanor 
A copy of a public record signed and certified as true copy by the public official having 
custody of the original is known a(n): 
a. Affirmation 
b. Authentication 
c. Certified Copy 
d. Acknowledgment - Correct answer-c. Certified Copy 
To grant the rig...
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PVL3701 EXAM PACK 2023
- Exam (elaborations) • 72 pages • 2023
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MCQ 
1. Indicate the correct option. 
Which one of the following things can be regarded as a res nullius? 
(1) a domesticated tiger living in his owner‟s house 
(2) an impala roaming in the bushes 
(3) a Persian cat lying on the neighbor‟s patio 
(4) a springbok kept on a private game farm for hunting purposes 
ANSWER: 
Option 2 is correct. A res nullius is a thing which does not belong to anyone. All creatures that are 
wild by nature either in their natural state or when they have...
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Promulgated Contract Forms Practice Test Questions With All Correct Answers
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Promulgated Contract Forms Practice Test Questions With All Correct Answers 
 
Elements of a Valid and Enforceable Contract - CORRECT ANSWERS 1. Competent Parties 
2. Offer and Acceptance (mutual consent) 
3. Legal Purpose 
4. In Writing 
5. Consideration 
 
Valid Contract - CORRECT ANSWERS A contract that meets all the requirements of law. 
 
Void Contract - CORRECT ANSWERS A contract having no legal force or binding effect...
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Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers.
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Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. 
 
If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? 
A. 27,000 
B. 37,000 
C. 54,000 
D. 74,000 
An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): 
A. Agreement for...
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100% CORRECT
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CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers 
 
Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) 
 
Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ 
 
Larger ratio is better 
 
If (Rₜ) is risk free rate, then it becomes Sharpe Ratio 
 
Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ 
 
Larger ratio is better 
 
If (Rt) is higher than RFR, then it becomes Safety First Ratio 
 
Centra...
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 37 pages • 2023
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers 
 
Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
Fcebook Live - CORRECT ANSWER Video streaming through facebook. 
 
CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...
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Texas Notary Practice Test 1 Graded A +
- Exam (elaborations) • 6 pages • 2022
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1. Which of the following statements is not correct? 
A. The fee for a notary public commission is $60 
B. The Secretary of State commissions notaries public 
C. The term of a notary public commission is 2 years 
D. Notary public examinations are scheduled throughout NYS - ANSWER-The term of a notary public commission is 2 years 
 
Notaries public are commissioned in - 
A. Their city of residence 
B. The city where they are employed 
C. Their county of residence 
D. Their town or village of re...
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National Real Estate Exam Prep Questions and Answers Graded A+
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National Real Estate Exam Prep 
Questions and Answers Graded A+ 
 
Unilateral Contract Contract containing ONE promise given in exchange for completing an 
act. NO obligation to act. 
 
Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a 
bilateral contract 
 
Client/Principal A person who has entered into an agency relationship w/ a licensee & with 
whom there is a written contract 
 
Customer Any 3rd party w/ whom a licensee works 
 
In-Company Transaction Tr...
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