A business broker Study guides, Class notes & Summaries
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Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024
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Oregon Real Estate Exam (PSI) Questions with Verified Answers | Latest 2023/2024 
How many consecutive years of non-use of water does one lose their water rights in 
Oregon? ️ 5 consecutive years, the right is considered forfeited 
Who must register the business name? ️ Principal Broker, must register the 
business name with REA-(Real Estate Agency) under their name. 
How long must real estate documents be kept? ️ 6 years, from the date the 
transaction was accepted, rejected, or withdrawn...
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Missouri Real Estate Exam Questions and Answers 100% Pass
- Exam (elaborations) • 26 pages • 2023
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Missouri Real Estate Exam Questions and Answers 100% Pass 
The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years 
By what title is Chapter 339 of the Missouri State Statutes also known? The license law 
If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker 
Broker Kelley took a listin...
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Gold Coast Real Estate Exam with Verified Answers
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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 broker 
 
False - Answer- A florida real estate license applicant must be a resident a...
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California Real Estate Principles - Questions and Answers fully solved 2023
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California Real Estate Principles - Questions and Answers fully solved 2023 
(1) 1. The Real Estate Law is found in the 
 
a. Licensing Code 
b. Business and Professions Code 
c. Health and Safety Code 
d. Corporations Code - correct answer Business and Professions Code 
 
(1) 2. The Real Estate Commissioner reports to the 
 
a. California Bureau of Real Estate 
b. governor 
c. Real Estate Advisory Commission 
d. legislature - correct answer governor 
 
(1) 3. Salesperson Sam owns 25% of the o...
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Real Estate U Final Exam Study Guide
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Real Estate U Final Exam Study Guide 
 
The section of the New York Real Property 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 
 
A licensed real estate broker that holds the license of a salesperson. 
 
Obtained after your register for the New York State 
Salesperson exam using eAccessNY. You must bring this with 
you when takin...
And that's how you make extra money
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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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Nevada Real Estate Exam Questions and Answers (Graded A)
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Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)What is the minimum balance of the real estate education, research, and recovery fund? 
A) $300,000. 
B) $100,000. 
C) $250,000. 
D) $500,000. - ANSWER-a 
 
2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel t...
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Aceable Agent: Real Estate Principles exam 2023 with 100% correct answers
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The Real Estate Law is found in 
A. The Licensing Code 
B. The Business and Professions Code 
C. The Health and Safety Code 
D. The Corporations Code - correct answer -B. Business and Professions Code 
 
The Real Estate Commissioner reports to 
a. the California Bureau of Real Estate. 
b. the governor. 
c. the Department of Housing and Urban Development. 
d. the legislature. - correct answer -B. the governor 
 
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the bro...
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RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct
- Exam (elaborations) • 36 pages • 2023
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RECA Fundamentals Exam| 2023/ 2024| 
Questions and Verified Answers|100% Correct 
 
QUESTION 
Errors and Omissions Insurance? 
 
 
Answer: 
real estate equivalent of malpractice coverage 
 
 
 
QUESTION 
 
Comprehensive General Liability Insurance? 
 
 
Answer: 
- broad coverage for claims against injury/damage 
- civil liability (a fall) 
- any damages or injuries 
- legal defense costs 
- does not cover issues related to real estate transactions 
 
 
 
QUESTION 
Voluntary Broker Resoluti...
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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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