Real estate business Study guides, Class notes & Summaries
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Champions School of Real Estate Law of Agency – Questions and Answers Already Passed
- Exam (elaborations) • 17 pages • 2024
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Champions School of Real Estate Law of 
Agency – Questions and Answers 
 
Already Passed 
 
The principal is also known as client 
 
fiduciary relationship a relationship founded on trust and confidence 
 
Agency Relationship Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
 
the principal is the one who hires and gives authority to the agent 
 
Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the 
public against unscr...
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Gold Coast Real Estate Exam Questions With Verified Answers Latest 2024 Graded A+
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Gold Coast Real Estate Exam Questions With Verified Answers Latest 2024 Graded A+ . Tract building - Answer- When a dev. Acquired land, records a plat map and uses a 
model center from which sales may be made 
Local level - Answer- Planning, zoning, property taxation, building and health codes and 
regulations, and building moratoriums that affect development play a significant role in 
the cost and desirability of real estate 
Broker associate - Answer- A licensed broker working for another bro...
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REAL ESTATE U FINAL EXAM QUESTIONS AND VERIFIED ANSWERS 2024 GRADED A.
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REAL ESTATE U FINAL EXAM 
QUESTIONS AND VERIFIED 
ANSWERS 2024 GRADED A. 
2 / 8 
1. Article 12-A of the NYS Real Property Law: The section of the NewYork RealProperty Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
2. Sponsor: A licensed real estate broker that holds the license of a salesperson. 
3. "Summary ofYour Submission": ...
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RECA Commercial Unit2 Exam Guide Top Rated 2024
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Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - 1. They involve land 
2.Transaction time frames are long 
3. Transaction costs are high 
4. they are expensive 
5. They are long lasting 
6. Highly regulated 
7. have a long production cycle 
8. are management intensive 
9. are heterogeneous 
10. Involve measuring return on investment 
 
 
 
1. Long-lasting, Durable Goods 
2. Expe...
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Louisiana Real Estate - State Portion License Exam | 200 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 16 pages • 2024
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Primary Purpose of Louisiana License Law is to - Protect the public 
The LA Real Estate Commission consists of - 11 (eleven) members 
To confirm commission appointments, the Governor must submit names to - The Senate 
Real Estate Commission members serve - 6 (six) year terms 
Members of The LA Real Estate Commission must be - Qualified electors of the State of LA 
Citizens of the State of LA 
In business as a Broker for at least 5 years 
How many members of the commission constitute a Quorum? - ...
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45 Hour Post License Florida exam 2024
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Farming - correct answer Concentrating on one type of style of property or on one particular neighborhood 
 
A residential transaction os defined in F.S. 475 as the sale of any: - correct answer - Duplex 
- improved residential property of four units or fewer, including condominium units 
-unimproved property intended for four units or fewer 
- agricultural properties of ten acres or less 
- leases with options to purchase all or a portion of improved property of four or fewer residential units...
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M100 Community Association Management Exam Questions with correct Answers
- Exam (elaborations) • 70 pages • 2023
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Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors. 
d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...
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Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified)
- Exam (elaborations) • 15 pages • 2023
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Gold Coast FINAL EXAM STUDY SET for 4/11 
Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified) 
what are the the areas a realtor should be an expert in? 
Marketing 
Valuation & Market Conditions 
Property Transfer 
"MVP" 
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real 
estate license? 
to get a FL real estate license, you don't need to be a citizen 
What must an applicant for a real estate license do if he has been convicted of a 
cri...
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SC Property Management License Exam with Complete & Verified Solutions | 2024 Update
- Exam (elaborations) • 15 pages • 2024
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SC Property Management License Exam with Complete & 
Verified Solutions | 2024 Update 
PM & PMIC licenses need to renewed biennially - Answer ️️ -June 30th (end of state's fiscal 
year) 
Conversion - Answer ️️ -to use trust funds for the purpose other than the purpose of which they 
are held. Unlawful use of funds. 
Customer - Answer ️️ -a buyer, seller, landlord or tenant who uses the services of a real estate 
licensee but does not establish an agency relationship through a writte...
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RECA Fundamentals Exam Questions and Answers Already Passed
- Exam (elaborations) • 34 pages • 2023
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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