Kwell Study guides, Class notes & Summaries

Canadian Advertising in Action, 11e Keith J. Tuckwell (Test Bank) Canadian Advertising in Action, 11e Keith J. Tuckwell (Test Bank)

Financial Institutions, Markets and Money 12th Edition By Kidwell Blackwell, Whidbee Sias (Test Bank) Financial Institutions, Markets and Money 12th Edition By Kidwell Blackwell, Whidbee Sias (Test Bank)

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Answer- b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A...

Rockwell Exam Real Estate Classes WA Final Exam A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the seller is only a co-owner. Has a cov...

QUESTIONS AND ANSWERS

At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - ANSWER ☑☑D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each par...

Practice Midterm –Rockwell Questions and Answers 100% Pass A broker showed one of his own listings to a buyer he was representing. The buyer decided to make an offer on the property, which was accepted. At no point did the broker disclose his dual agency status. The broker may be: a. forced to give up any payment received from the buyer and/or seller b. sued by the seller c. subject to disciplinary action by the Real Estate Commissioner d. All of the above d. All of the abo...

For which of the following acts might a broker be subject to disciplinary action? a. Failing to include a termination date in an exclusive listing agreement b. Failing to include a termination date in an open listing agreement c. Keeping trust funds from different clients in a single trust account d. Basing a commission amount on the property's selling price - ANSWER ☑☑a. Failing to include a termination date in an exclusive listing agreement Explanation: Failure to include ...

Rockwell Real Estate Exam WA 2 Questions and Answers Already Passed A bathroom contains a toilet, a sink, and a stand-up shower. This would be considered a: A. one-quarter bath B. half bath C. three-quarter bath D. full bath C. three-quarter bath A bathroom with sink, toilet, and stand-up shower is a three-quarter bath A conventional loan can be: A. an ARM B. a 15-year loan C. a 30-year loan D. All of the above D. all of the above A conventional loan is one that is not i...