Real Estate

Real Estate Practice Exam: State Questions and Answers Graded A A licensee who has passed the broker's state examination, but desires to continue to operate under an owner-employer, will be a what under the law? Broker If a home owner was hoping to purchase a second home, but did not have plans to sell their primary residence necessarily, which of the following financing options would work best? Equity Loan Who can receive compensation directly from the principal? Employing broker A pro...

i. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sale. d. John retains ownership of the easement. Appurtenant ­ In real property law, this describes any right or restriction that goes with that property, such as an easement to gain access across t...

• Commission Duties and Powers o Texas Real Estate Commission (TREC) ▪ Nine Member – six brokers and three members of the general public ▪ Appointed by the governor to staggered six-year terms ▪ One broker designated by the governor as chairperson o Duties and Powers ▪ Protect the public ▪ Make and enforce rules and regulations ▪ Establish standards of conduct and ethics for licensees ▪ Administer and enforce license law and levy civil fines ▪ Select an administrato...

Real Estate Practice Exam Questions 2023 1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4. Principal definition... a consumer of real estate services who has entered into an agency relationship with a broker or another licensee employed by a broker. 5. Capitalization definition... the process of determining...

Real Estate Agent License Practice Test-2023 Edition 100_ P

Real Estate Sales License Study Guide with complete solution - Rhode Island Deed of Trust Loan Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - Population - Demographics - Employment and wage levels Realtor Member of the National Ass...

Real Estate Exam Delaware with complete solution Most residential real estate transfers require the seller to provide the buyer with this Seller's Disclosure of Real Property Condition Report Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex breaches the sales contract, how long does Piper have to sue Alex for breach of contract? Eight years Four years Three years Which of the following statements accurately describes the written lease requirements in Delaw...

When property changes hands, the deed is recorded. There's a fee for recording, so why would anyone choose to pay this fee? - (answer)-It puts the public on notice regrading ownership. Which of these is NOT an example of price fixing? - (answer)-Jake's firm agrees to charge all clients a listing commission of between 2% and 2.5% To Make Valid Computations of adjustments for the sales comparison approach to value, elements of comparison must be applied in a specific order. Which of these ...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - ANSWER A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - ANSWER He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? - ANSWER If the tenant has loud parties, makes too much noise...

This document entails best summary notes for Real Estate basics It contains best and well presented notes a student or a learner can use to revise for exams with or for basically general knowledge about Real Estate All required best guides are noted and executed very well in this document