Stuvia seller Guides d'étude, Notes de cours & Résumés

an unrepresented buyer submits an offer directly to the listing agent the agent must - Answer Provide the buyer a Duties Owed by a Nevada licensee Only the seller can fill out - Answer The SRPD The maximum liability of ERRF for an individual person is - Answer 100,000 What is the maximum amount per judgement that can be paid out of the Errf - Answer 25,000 State law allows representation of multiple parties to a transaction, however what authorization is required before moving forwar...

What is a fair price to the seller? - ANSWER-A fair price for the seller means that the seller will be able to satisfy the terms and conditions of the contract. An offer that is too low is considered unrealistic. It may: •Cut corners on the quality of the product •Deliver the product late •Default on delivery, forcing a time-consuming reprocurement •Refuse to deal with the government in the future Below-Cost Prices - ANSWER-Below-cost prices are NOT necessarily unfair to the sel...

Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has had previous credit problems which may have an impact on loan qualifications - ANSWER-Which of the following MUST be disclosed by an agent to his client in a Real Estate transaction. a. Minority groups are moving into the area b. The average commission re...

- Property lot measurements - Registered owner(s) of the property - Last sale date of the property, with the sale price - Assessed value of the property - Legal description of the property - Description of the property (i.e. "single-family detached home" - Total square footage of the property - Various reports about the neighbourhood (crime rates, etc.) - Answer What details can be confirmed on GeoWarehouse? - When did the seller buy the property? - How much did the seller pay for t...

VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions VA Real Estate Exam 2023-2024 Questions with Complete Solutions Transact the client's affairs in a certain business. - ANSWER-A general agency empowers the agent to: The client (seller), the agent (broker), or by mutual consent. - ANSWER-A listing agreement may be terminated by: d. The buyer has ha...

In Colorado, the absence of a contrary understanding. It is understood that the seller will deliver a - ANSWERGeneral Warranty Deed The Seller's Property Disclosure said the built-in oven was " in working condition," yet it broke a week before closing. According to the Residential Contract to Buy and Seller the seller - ANSWERMay replace the oven with a working one of similar age, condition and functionality Adverse Possession matures into title after open, notorious and hostile, posses...

A buyer's agent may not tell the buyer any information told to the agent by the owner: - ANSWERSFalse If a salesperson is an employee, the broker/employer must withhold income tax and Social Security from the salesperson compensation - ANSWERSTrue The broker may give the seller advice and opinions about the price of the property and may do a CMA for the seller. The final decision concerning the listing price is made by the: - ANSWERSseller Communities for the elderly are exempt from ...

A licensed RE broker finds a ready, willing and able buyer for the seller. The seller initial signs and accepts the buyer's written offer, then later changes his mind and withdraws the acceptance of the offer. In this scenario, the broker is... - ANSWER-still entitled to collect a commission. After the initial listing agreement btw. a seller & broker has expired, the seller lists the property w/ a different broker. If the original listing broker then finds a ready, willing and able buyer, th...

What is a fair price to the seller? - Answer A fair price for the seller means that the seller will be able to satisfy the terms and conditions of the contract. An offer that is too low is considered unrealistic. It may: •Cut corners on the quality of the product •Deliver the product late •Default on delivery, forcing a time-consuming reprocurement •Refuse to deal with the government in the future Below-Cost Prices - Answer Below-cost prices are NOT necessarily unfair to the sel...

TREC has promulgated how many contract forms? - ANSWERS6 The Seller's Disclosure Notice is a requirement of: - ANSWERSThe Texas Property Code Which of the following are not required, according to the Property Code, to furnish a seller's Disclosure Notice - ANSWERSSingle family new residences The earnest money must be delivered to the escrow agent by the close of the business on the ___ working day after the contract is fully executed - ANSWERS2nd Title Notice 6E1 satisfies a requir...