macellen education agencies

Expressed Agency correct answersAn agency created in a written or oral agreement General Agent correct answersOne who is authorized by a principal to represent the principal in a specific range of matters Fiduciary correct answersPerson in a position of trust, held by law to high standards of good faith and loyalty Fiduciary Duties correct answerscare, obedience, accounting, loyalty, and disclosure COALD Group Boycott correct answersAn organized refusal by competing businesses to dea...

Abstract of Title correct answersA history of the ownership of a parcel of land which lists transfers of title, rights, and liabilities. Accession correct answersThe idea that the owner of land is entitled to all that the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not removed are "assessed" by the owner of the property. Ad Valorem correct answersA prefix meaning "based on value." Most local governments levy an ad valorem ta...

What is the Asset Managers role when managing groups of properties in real estate? correct answersTheir role is to achieve the investment objectives of the clients, as opposed to managing day-to-day operations. What types of professionals are involved in the transfer of rights and interests in real estate? correct answersReal estate brokers and salespersons, mortgage brokers, mortgage bankers, appraisers, insurance companies, and title companies. Property is classified into what three type...

The Department of State may take any of these actions against a licensee in violation of the license law except? A. Suspension B. Revocation C. Fine D. Imprisonment correct answersD. Imprisonment If a complaint has been filed against a licensee and the licensee refuses to mediate the complaint, what will happen? A. The licensee will be fired from the firm where he or she is employed. B. The DOS will revoke the licensee's license. C. The DOS will schedule a hearing. D. The compl...

During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? correct answersDuring the negotiation stage Why should real estate licensees have good knowledge of the loan programs that are currently available from local banks and other lenders? correct answersFinancing is a critical part of the transaction. Licensees need to stay current on lenders...

Broker Joy just signed a listing agreement with a seller. When should Joy schedule an office tour? correct answersWithin a week after the listing is taken What is NOT required between two parties as it relates to the violation of "mutual assent"? correct answersWritten contacts Title insurance protects more against _______. correct answersPast events Who has the most liability in a fiduciary relationship dispute over a real estate transaction? correct answersPrincipal broker Wh...

List four industries that are indirectly linked to real estate activities. correct answersBuilders, building suppliers, carpet manufacturers, appliance sales List five industries that are dependent on real estate activity. correct answersLoan originatorsAppraisersPlumbersAuctioneersLandscape suppliers List three ways the state government plays a role in real estate. correct answersLicensing for real estate professionalsRecording of deeds, transfers of propertyEstate taxes Define real es...

Joe Alpha of ABC Real Estate Corp. has been very successful in buying houses, fixing them up, and reselling them. He put an advertisement in the local newspaper seeking investors to help him purchase property and pay for renovations, promising an excellent return on investment when the properties sold. Do you think that Joe needs a securities broker-dealer license? correct answersNo Ellie is very regimented. She likes to be in the office by 8 a.m. and be home by 5:30 p.m. She likes that same ...

What five economic characteristics affect the value of land in the marketplace? (D.U.S.T.S) correct answers1. Demand; The more demand a property has, the higher the value 2. Utility (Or usefulness); More space/rooms etc.. the more useful .. 3 bed 4 bath > 1 bed 2 bath 3. Scarcity; A property will sell quickly if limited property's available 4. Transferability; Real estate is readily transferable from seller to buyer (loans available, rates are low) 5. Situs; (Site) Unique property attr...

Fixture correct answersWhat term describes a personal property item that has been converted to real property by attachment to real estate? Subsurface Rights correct answersWhat rights apply to land beneath the surface of the real estate parcel extending from its surface boundaries downward to the center of the earth? Lateral Support correct answersWhat refers to support provided by the adjacent property, such as a landowner having a right to demand that a neighboring property owner does no...

Earl orally agreed to an 18-month lease with landlord Blake. Is this contract enforceable? Yes, all oral leases are enforceable. No, all leases for longer than one year must be in writing to be enforceable. Yes, all leases for longer than 6 months are enforceable. No, it is not enforceable unless Earl is older than 50 years old. correct answersNo, all leases for longer than one year must be in writing to be enforceable. On a $280,000 loan, the lender charges a 2 point service charge. How ...

Who can train office staff at a brokerage firm in weekly meetings? correct answersAll of the above Which step in the construction building process is likeliest to be first? correct answersGrading Without legal capacity and mutual consent in place, courts may likely do what to the existing contracts or agency relationships? correct answersAll of the above The term "business ethics" applies to which of the following statements? correct answersA form of applied ethics that examines e...

The regulation of money through the Federal Reserve Board. correct answersEconomic, government The property's exact position in a neighborhood, city, and region. correct answersPhysical The buyer's tastes and standards based on lifestyle. correct answersSocial The main industry of an area correct answersEconomic General trends of buyers toward one city or area over another. correct answersSocial The Fed's plan for spending and debt management. correct answersEconomic T...

Missy offers seller Jordan $189,500 for his house. Jordan accepts. The appraisal comes in at $188,000. If Missy's lender requires a loan-to-value ratio of 80%, how much of a down payment must Missy make? $37,600 $37,900 $39,100 $39,500 correct answers39,100 Standard title insurance coverage protects against loss resulting from each of the following EXCEPT the person signing the deed was considered mentally incompetent. the planning board rezoned the neighborhood. the legal descripti...

Which of the following is a violation of the Volunteer Standards of Conduct? a . Knowingly preparing a false tax return b . Having a donation/tip jar in the taxpayer waiting area at the site c . Using taxpayer's personal information to ask for a date d. All of the above correct answersd. All of the above Which volunteers must take Volunteer Standards of Conduct training and test? a . Site Coordinators/Local Coordinators b. Quality Reviewers and tax return preparers c . Greeters d...

A Doppler finding in patients with patent ductus arteriosus would be: correct answersDiastolic left to right flow in the pulmonary artery Which medium interface would you expect the strongest (brightest) echoes to occur? correct answersAir/Skin A congenital malformation where the septal leaflet of the tricuspid valve is displaced toward the apex of the right ventricle is termed: correct answersEbsteins anomaly In a patient with an ostium secundum defect of the heart, a step-up (increase...

Anthropology correct answersThe study of the human species and its immediate ancestors. Culture correct answersLearned behaviors, beliefs, and attitudes characteristic of a particular society or population. Traditions and customs that govern behavior and beliefs. Holistic correct answersEncompassing past, present, and future biology, society, language, and culture. Participant Observation correct answersWhen ethnographers take part in community life as they study it. Key Cultural Con...

consists of three, inter-connected worlds is an example of? correct answersHow religion provides a worldview _____ is an example of applied anthropology. correct answersAll of the above (Corporate, Medical, Forensic, Cultural resources management.) What famous person's mother was/in an anthropologist? correct answersBarack Obama Which of the following is NOT a place where written language was created independently? correct answersEgypt In the article, Shakespeare and the Bush, the...

1. To regain control of your vehicle during a fishtail, what should you do as soon as possible? correct answersTake your foot off the accelerator Which of the following is not an important aspect of defensive driving? correct answersUsing your cell phone while driving When children are present, what is the prima facie speed limit in a school zone unless posted otherwise? correct answers25 mph Which of the following is not a good strategy to help control anger and frustration? correct an...

Which of the following is not a major contributor to traffic congestion? correct answerspedestrians Which of the following is a necessary step to take in the event of a blowout? correct answersAll of the above When sharing a roadway with bicyclists what is the most common mistake that motorists make? correct answersTurning left when bicyclists are approaching Which of the following should you not do in the event of an accident? correct answersIf it seems minor there is no reason to stop...