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The ____ is fully responsible for the actions preformed in the course of real estate business by all persons licensed under ______. - ANSWERSBroker, Broker The _____ can carry out ONLY those responsbilties assigned by employing ____. - ANSWERSSalesperson, broker A salesperson can receive ______ ONLY from that broker. - ANSWERScompensation A salesperson has _______ to make contracts with or ______ from any other party. - ANSWERSno authority, receive compensation A brokers commission i...

What determines the effectiveness of a skin peel? - ANSWERSpH LOWER than the skin What is the risk of overusing a phenolic disinfectant? - ANSWERSSkin damage What is the disciplinary action the board can take against someone who practices beauty culture without a license? - ANSWERSCommits a Class C Infraction & Jail time for up to 60 days Class C Infraction... - ANSWERSPracticing without a license "Misdemeanor" Maximum of up to 60 days in jail. $500 fines Tiny granules of pigm...

____ refers to the state board of cosmetology and barber examiners - ANSWERSBoard The board consists of - members and the - shall appoint all members of the board - ANSWERS7 members The Governor shall appoint A member of the board or any - or - may inspect a cosmetology school - its regular business hours or - an initial license is issued - ANSWERSInspector, investigator, during, before No more than - hours of course work May be taken by a student during - day - ANSWERS10 hours ...

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Case Law - ANSWER-Rules of law developed in court decisions, as opposed to constitutional law, statutory law, or administrative regulations. or common law Civil Litigation - ANSWER-A lawsuit in which one individual sues another for compensation. Criminal Litigation - ANSWER-A lawsuit in which the government sues an individual to punish the wrongdoer and protect society. or criminal prosecution Damages - ANSWER-An amount of money a defendant is ordered to pay to the plaintiff Due Pr...

Ad Valorem Taxes - ANSWER-based on the value of the real estate. General property taxes may pay for items such as schools, police, fire, etc Special Assessment Taxes - ANSWER-imposed only on properties that benefit from the improvement such as tax install a sewer line or city water line on one specific street. Taking - ANSWER-Governmental appropriation of property; a taking may or may not use the power of eminent domain Condemnation Action - ANSWER-The process of taking title and physic...

Broker - ANSWER-Any person, partnership, association, limited liability partnership, limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - ANSWER-A self-employed salesperson paid on jobs completed rather than hours worked and responsible for setting their own hours and paying their own taxes. An independent contractor is hired to perfo...

What type of land use does NOT comply with the zoning restriction for its location, but is permitted because it benefits the public? - ANSWER-Conditional Use Conditional uses (hospitals, schools, etc.) usually do not comply with zoning limitations. loan amount - ANSWER-The amount the lender is risking is the loan amount, which is: Purchase Price - Down Payment = Loan Amount. What is NOT a feature of an FHA-insured loan? - ANSWER-no MIP insurance FHA loans use a mutual mortgage insuranc...

You are preparing a competitive market analysis on a vacant lot you are listing for sale. Which of the following approaches to value will be used in the development of estimated value? A. Cost approach B. Gross rent multiplier C. Income approach D. Sales comparison approach - ANSWER-D. sales comparison approach most applicable to the appraisal of vacant land Cost approach - ANSWER-used for special purpose properties such as a church. the economic belief that informed buyers will not...

every viewable web page of the website - ANSWER-When advertising real estate online where should the brokerage name be displayed? a. 40 b. 20 c. 20 d. 40 e. 20 f. 30 - ANSWER-How many hours are needed for the following: a. Principles and practices b. real estate appraisal c. real estate finance d. real estate law e. post licensing course within 1 year of passing exam f. continuing education Automatically suspended - ANSWER-If a real estate licensee fails to take all the required...

When may a person use the term REALTOR? - ANSWER-after becoming a member of the National Association of Realtors What are advantages to a career in real estate sales? - ANSWER-- Possibility of owning your own brokerage with additional training , education, and experience - potential for unlimited earnings - setting your own hours What is a disadvantage of a career in real estate sales? - ANSWER-Not a steady income Most sales persons are hired as? - ANSWER-independent contractors Wh...

How much time is given to pass the Ohio salesperson exam? - ANSWER-3 hours How many hours of pre-licensing education do you need in Ohio? - ANSWER-120 hours How old do you have to be in Ohio to obtain a Real Estate License? - ANSWER-18 years old Lori has agreed to transact real estate business on behalf of Alex with Alex's authority. Lori is: - ANSWER-An agent Ownership of real property for an undetermined length of time is called: - ANSWER-A freehold estate What information woul...

Three items tenants in common hold - ANSWER-1. Default 2.Shares are equal or unequal 3. No Survivorship Three items joint tenants hold - ANSWER-1. Specify 2.Equal 3. Survivorship How much is in an acre? - ANSWER-43.560 How much does a point equal? - ANSWER-One percent How much is in the recovery fund? - ANSWER-500,000-2 million How do you show ownership of a condominium? - ANSWER-Deed How do you show ownership of a co-op? - ANSWER-Lease/stock What are key words to lo...

Periodic Tenancy - ANSWER-Leasehold estate for a duration of time, not a specific date. Alienation - ANSWER-The transfer of ownership or an interest in property from one person to another, by any means. Allodial System - ANSWER-The system of land ownership under which anyone can own land. Annexation - ANSWER-Attaching personal property to land so the law views it as part of the real property Constructive Annexation - ANSWER-Personal property associated with real property in such a wa...

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Tenancy at Will - ANSWER-No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - ANSWER-Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - ANSWER-Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ANSWER-2 or more people own equal rights with the right of survivors...

Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER-purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment is made. A land installment contract transfers only equitable title. spot ...

Fiscal Policy - ANSWER-Treasury Department Monetary Policy - ANSWER-Federal Reserve Bond Truth In Lending Act - ANSWER-To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - ANSWER-The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Usury Lending Law - ANSWER-Charging an interest rate th...

May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER-CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - ANSWER-CORRECT ANSWER: agency According to the Statute of Fr...

58+79 - ANSWER-137 6389+999 - ANSWER-7385 76-34 - ANSWER-42 67 x 2 - ANSWER-134 437 x 7 - ANSWER-3059 280 ÷ 8 - ANSWER-35 Elena worked 38 hours last week and 36 hours this week. how many hours did she work in just two weeks? - ANSWER-74 An electronics store had 182 customers on Thursday, 443 on Friday and 509 on Saturday. How many customers did the store have in those three days? - ANSWER-1134 Suzanna earned $65 in tips on Friday. She gave $18 of the tips to the busboy. ...