- There can be "Pre-Test" questions in each category. These questions are being tested by PSI and don't count against a passing grade. Pre-test questions are not identified on the exam, so examinees must answer every question on the exam. There are...Link: https://studocu.com/en-us/course/university-of-nevada-las-vegas/introduction-to-criminology/1191377
- How much time do I have to complete the exam? For the broker exam: you are allowed a total of 3. For the managing broker exam: you are allowed a total of 4 hours. What should I bring with me to the exam? The exam is given on a computer. What is on...Link: https://trenovision.com/analytics-trend-nxt-ucf-oracle-hyperion-financial-management-hfm-question-and-answers/
- Nothing in this section shall preclude prosecution under the authority provided for in any other provision of law. If any provision of this section or the application thereof to any person or circumstances is held invalid, that invalidity shall not affect other provisions or applications of the section that can be given effect without the invalid provision or application, and to this end the provisions of this section are severable.Link: https://community.ringcentral.com/questions/94377/automatic-call-recording-not-working.html
- Whenever any person has engaged, or is about to engage, in any acts or practices which constitute, or will constitute, a violation of Section , the superior court in and for the county wherein the acts or practices take place, or are about to take place, may issue an injunction, or other appropriate order, restraining such conduct on application of a board, the Attorney General or the district attorney of the county. The proceedings under this section shall be governed by Chapter 3 commencing with Section of Title 7 of Part 2 of the Code of Civil Procedure. The remedy provided for by this section shall be in addition to, and not a limitation on, the authority provided for in any other provision of law. A board may deny, suspend, revoke, or otherwise restrict a license on the ground that an applicant or licensee has violated Section pertaining to subversion of licensing examinations.Link: https://smogtips.com/smog-question/3150/Jaguar-XJ-Drive-Cycle-for-Emission-Monitor-Readiness
- No person shall cheat on, subvert, or attempt to subvert a licensing examination given by the department. Cheating on, subverting, or attempting to subvert a licensing examination includes, but is not limited to, engaging in, soliciting, or procuring any of the following: Any communication between one or more examinees and any person, other than a proctor or examination official, while the examination is in progress. Copying answers from another examinee or permitting one's answers to be copied by another examinee. The taking of all or a part of the examination by a person other than the applicant. Removing from the examination room any examination materials without authorization. The unauthorized reproduction by any means of any portion of the actual licensing examination. Aiding by any means the unauthorized reproduction of any portion of the actual licensing examination. Possession or use at any time during the examination or while the examinee is on the examination premises of any device, material, or document that is not expressly authorized for use by examinees during the examination, including, but not limited to, notes, crib sheets, textbooks, and electronic devices.Link: http://zfya.rahmaniaent.com/
- Failure to follow any examination instruction or rule related to examination security. Providing false, fraudulent, or materially misleading information concerning education, experience, or other qualifications as part of, or in support of, any application for admission to an examination. It is unlawful for any person with respect to any examination under this part to practice any deception or fraud with regard to his or her identity in connection with any examination, application, or request to be examined.Link: https://kyrock1stgrade.weebly.com/journeys-unit-1.html
- Any person who willfully violates or knowingly participates in the violation of this section is guilty of a misdemeanor. Regulations of the Real Estate Commissioner Written computations by examinees shall be made only on paper furnished by the Department for that purpose. An examinee may not communicate with another examinee nor with any person other than an examination proctor. The copying of questions and the making of any notes of examination materials by an examinee is prohibited. An examinee may not leave the examination room prior to completion of the examination unless express permission of an examination proctor has been obtained and all examination papers and materials have been turned over to the proctor. The only materials or devices, other than those furnished by the Department, that an examinee may use during the course of the examination are pencils and slide rules or silent, battery-operated, electronic, pocket-sized calculators which are non-programmable, do not have a print-out capability, or an alphabetic keyboard.Link: https://howtoforge.com/ansible-awx-guide-basic-usage-and-configuration/
- An examinee may not share the use of examination materials with any other examinee. Notification of Examination Results If you took an electronic examination, your results were provided to you upon completion of the exam. Additional correspondence may be mailed to you, normally within five business days after your examination. You will be notified of the actual score, and the percentage of questions answered correctly in each of the subject areas, only when unsuccessful. Those who do not receive a passing grade may apply to re-take the examination. Re-taking the Examination You may apply to re-take the examination after notification of failure of a prior test. Do NOT submit a new application and fee or otherwise attempt to obtain a new examination date prior to receiving the results of this examination. You must wait until you receive your results before re-applying for a new test date.Link: https://fwg.us/
- Failure to follow these instructions will cause your exam record to be flagged and your test results to be withheld while additional fees are assessed. Further, rescheduling prior to receiving the results of this exam can cause any new dates obtained to be changed, delayed, or cancelled. These forms must not be submitted until after the results of the examination have been released, or the fee will be forfeited. There is no limitation on the number of examinations you may take during the two-year period following the date of the filing of your original application. If you wish to take additional examinations after the two-year period, you will be required to submit a new application, requalify by meeting all statutory requirements, and the appropriate fee. This Google translation feature is provided for informational purposes only as DRE is unable to guarantee the accuracy of this translation.Link: https://researchgate.net/publication/318295683_Question_Answering_of_Bar_Exams_by_Paraphrasing_and_Legal_Text_Analysis
- Please consult a translator for accuracy if you are relying on the translation or are using this site for official business.Link: https://sarvgyan.com/articles/mah-mca-cet-answer-key
- Please choose another answer. You can only legally receive a commission from your employer. True False Only a real estate licensee who is authorized by law to work independently can receive a commission directly from a member of the public. If not legally authorized to work independently, a real estate licensee can only receive a commission from the employing broker. This gives the employing broker additional control to ensure that, among other things, the transaction record is complete, fair housing laws are followed, and the appropriate disclosures are made in a timely fashion. Incorrect answer.Link: https://gradebuddy.com/doc/3072718/exam-1-study-guide
- Two managing brokers from different brokerage got together to play golf. During their private round of golf, the two brokers quietly decided to that the commission rates for the two brokerage firms should match. This is an example of: a. Legal behavior permitted in a free market economy. Illegal behavior under the Sherman Antitrust Act. Illegal discrimination under federal fair housing laws. Prohibited by the Statute of Frauds Quietly fixing brokerage firm commissions is the anti-competitive, collusive behavior that the federal Sherman Antitrust Act made illegal in A is incorrect. Since the federal Sherman Antitrust Act of was enacted, firms including real estate brokerage firms have been legally prohibited from engaging in anti-competitive activity like fixing prices, fees, or commissions.Link: https://healthsciencesprograms.gwu.edu/programs/graduate-certificate-in-clinical-and-translational-research-online/admissions/
- Other prohibited acts include dividing up geographic territories or boycotting brokers offering cut-rate discounts. C is incorrect. There is nothing in the test question to suggest that the two brokers are engaging in housing discrimination. D is incorrect. The Statute of Frauds is not related to price fixing. The Statute of Frauds requires certain contracts and agreements be formalized in writing in order to be enforceable in a court of law. All cash sales b. Sales invovling seller financing c.Link: https://stats.stackexchange.com/questions/200699/evaluate-performance-of-non-negative-matrix-factorization-nmf
- Federally related mortgage loans d. Because nearly all loans on residential properties are federally related, RESPA regulations cover the vast majority of residential loans. Here are some of the loans that are considered federally related: VA guaranteed loans, FHA insured loans, loans intended to be sold onto the secondary mortgage market, lenders with FDIC, etc. A, B, and D are incorrect. Other exempt loans include: commercial loans, business loans, land contracts, and loans for land tracts of 25 or more acres, etc Incorrect answer. For a deed to be valid, it must be: a. Signed by the grantor b. Signed by the grantee c. Recorded at the state level. All of the above. A deed must be signed by the grantor i. B is incorrect. The grantee does not have to sign the deed.Link: https://examtopics.com/exams/microsoft/98-381/view/
- The grantee must accept delivery of the deed, but that can be achieved through possession of the deed, taking possession of the property, taking out a loan on the property, etc. For most states, official records are recorded at the county level. An agent, broker or lender who is "blockbusting" is trying to scare owners in a neighborhood into selling their property. Real estate licensees engaged in panic peddling by frightening homeowners with the prediction that minority members moving into the neighborhood would result in increased crime and declining property values.Link: https://blog.federaldefendersny.org/court-reads-riot-ac/
- This now illegal practice was historically profitable for real estate professionals, and frequently resulted in homeowners selling at a loss. A buyer is applying for an ARM loan. Do the payments on this type of loan product change? They stay the same over the course of the loan. The interest rate changes annually, either raising or lowering the payment. The interest rate goes up every year. The interest rate goes down every year. In contrast to the fixed-rate mortgage, the ARM interest rate is tied to an economic index and can go up or down, depending on market trends.Link: https://edurev.in/course/quiz/attempt/-1_Test-Linear-Algebra-3/327c38d6-df9e-46e3-9985-c6a8b2cc47fa
- Typically, the ARM loan adjusts annually, but lender and borrower can negotiate how frequently an adjustment can occur. The interest rate on an adjustable rate mortgage is periodically adjusted based on an economic index published by a neutral third party. The loan paperwork states which economic index the lender will follow. C and D are incorrect. The interest rate on an ARM loan is variable and can either rise or fall, depending on current market conditions. How much time must a prospective borrower be given to review the Closing Disclosure? One week before closing A prospective borrower must be given 3 business days to review the Closing Disclosure prior to the closing. This goal of this 3-day window is to give the consumer time to raise any questions with the lender prior to becoming obligated under the terms of the new loan.Link: https://amazon.com/Stainless-Single-Pressure-Internals-Display/dp/B07HK9TBDZ
- If borrowers are undergoing a personal financial emergency, they can waive taking 3 business days to review the Closing Disclosure. An example of this type of emergency is when a borrower needs a new loan immediately in order to prevent an upcoming foreclosure sale. Note: Lenders are required to provide consumers with both a Loan Estimate and a Closing Disclosure, and are not allowed to charge for either disclosure. The Loan Estimate must be delivered to the consumer within 3 business days after the loan application is submitted. A major institutional lender discriminates against certain prospective borrowers based solely upon their homes being located in depressed neighborhoods. The lender does this by giving no consideration to either the condition of the specific property or the creditworthiness of the prospective borrower.Link: https://uploads.strikinglycdn.com/files/fa4bdc31-2d34-497e-97e6-d42dfb3bf04a/rita_mulcahy_pmp_exam_prep_10th_edition_ebook.pdf
- What is the name of this illegal activity? Redlining c. Air loans d. Backward applications Redlining is the illegal denial of a loan application based upon the location of the securing property without any consideration of the employment history or creditworthiness of the loan applicant or of the condition of the property itself. This activity got its name from the maps that lenders used to have up in their offices. A silent second is a loan between the buyer and the seller for part or all of the down payment.Link: https://onlinelibrary.wiley.com/doi/full/10.1111/cen.14181
- Silent seconds are a type of mortgage fraud and are illegal. An air loan is another type of mortgage fraud perpetrated upon lenders. This involves getting a mortgage loan on a parcel of real estate that does not exist. A backward application is another type of mortgage fraud committed on lenders. Here, the buyer finds a desirable property and lies about his or her income in order to qualify for a purchase money mortgage. You are trying to price a property. What is the rough value of this property?Link: https://quizlet.com/335074497/bcom-exam-2-flash-cards/
- Most states administer the tests in two parts, and require that the candidate pass both. The general part of the exam is broken into several categories, similar to the categories you will see in this sample practice test below. Another test to determine whether an item is a fixture is whether the item is so adapted to the real property, that to remove the item will diminish the value or utility of the real property. Of course, if the purchase contract specifically includes a certain item with the sale of the property, that item must be regarded as a fixture, whether it meets the legal definition of fixture or not.Link: https://crackap.com/ap/psychology/question-12-answer-and-explanation.html
- Likewise if the purchase contract specifically excludes an item from the sale, it must be regarded as personal property, and should be removed. Incorrect answer. Please choose another answer. Which of the following lists correctly describes the physical and economic characteristics of real estate? Immovable, indestructible, unique, scarce. Depreciable, indestructible, scarce, unique. Unique, immovable, abundant, indestructible. Moveable, indestructible, scarce, unique. Land is characterized as immovable because an entire parcel of real estate cannot be moved to another site. Land is considered unique because, at the very least, each parcel of real estate has its own different and distinct place on the planet.Link: https://inmyarea.com/provider/google-fiber
Real Estate Test Answers
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