Auction Guides d'étude, Notes de cours & Résumés

1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer- -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer- C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate license in New York a. Sa...

What is the primary legislation governing Ontario's retail automotive sector? Correct Answer MVDA Which body or agency enforces MVDA? Correct Answer OMVIC How many people compose OMVIC's board of directors? Correct Answer 12 in total, 9 dealers and 3 consumer reps What is the "transaction fee program"? Correct Answer under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers regist...

The Materials Manager for the Utility department has to keep parts and materials in stock to maintain all 42 pump stations as well as all the infrastructure to keep the town citizens supplied with clean, pure, well water. This service has to be provided 24/7, and all essential maintenance, repair parts, and pumps must be readily available. These deep well pumps cost tens of thousands of dollars, but if they are maintained correctly, they can last over 10 years. What should be done with a decommi...

GA AUCTION STUDY GUIDE

GA Auction Study Guide

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

ARKANSAS AUCTIONEER EXAM COMPLETE QUESTIONS AND ANSWERS 2023/2024 | RATED A+ True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly - Answer>>>False - The governor shall appoint the members of the Board All auctioneer licenses expire: - Answer>>>June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. - Answer>>>False - The Au...

A CPI needs to record the _______ and _______ with in 50 meters or better. - Correct Answer-latitude and longitude CBRS - Correct Answer-Citizens broadband radio service and shared spectrum. CBRS band - Correct Answer- MHz frequency range and established by FCC in 2015. CBRS vision - Correct Answer-Used for fixed and mobile broadband services. advantages of CBRS - Correct Answer-1. Efficient 2. Time to market. 3. Cost 4. Feasibility SAS (Spectrum access system) - Correct Answe...

Absolute Auction - After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - The auctioneer may withdraw the goods at any time until he announces completion of the sale -...

True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly CORRECT ANSWER False - The governor shall appoint the members of the Board All auctioneer licenses expire: CORRECT ANSWER June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. CORRECT ANSWER False - The Auctioneers License Act indicates the "Board shall be subject to the Arkansas Administrati...