Real Estate > QUESTIONS & ANSWERS > Principles of Real Estate 1- Champions Quiz and Correct Answers (Verified by Expert) (All)
Principles of Real Estate 1- Champions Quiz and Correct Answers (Verified by Expert)
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Principles of Real Estate 1- Champions Quiz and Correct Answers (Verified by Expert) Contracts with a person who lacks mental capacity can be ✔✔ either void or voidable Community property is... a concept of ✔✔ Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. ✔✔ an agent will have the opportunity to sell their own listing. Oil and gas companies employ ✔✔ a large number of individuals with a real estate background. The NFIP ✔✔ offers flood insurance The NFIP offers flood insurance to ✔✔ homeowners, renters, and business owners The vast majority of homes built in the United States are ✔✔ site built. When a condominium is sold, three interests are created: ✔✔ fee simple ownership of the unit, fee simple ownership in an undivided interest in the common areas, and an easement to the airspace occupied by the unit. The Bureau [CFPB] is responsible for enforcing ✔✔ federal consumer financial law To convert 152,460 square feet of land: ✔✔ 152,460 / 43,560 = 3.5 Exclusive agency agreements ✔✔ list their properties with a broker, primarily to expose their properties through the multiple listing service Easements may be created by ✔✔ grant, reservation, implied grant, prescription, necessity, condemnation. The Texas Real Estate Commission consists of ✔✔ of nine members and three members who represent the public. cooperative sale with single buyer representation ✔✔ If the buyer purchases a property listed by another firm If the buyer purchases a property listed by another firm, ✔✔ The listing firm represents the seller, and the selling firm represents the buyer Community property ✔✔ marriage is regarded as a partnership. Mutual Consent ✔✔ Offer and Acceptance [Show More]
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