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Definition
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Term
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Definition
| commercial loan broker fees recieved prior to loan funding must be deposited in _________________ account within _______ after the recept |
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Term
| 4 transactions in 12 months |
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Definition
| how many transactsion in what amount of time period can a person make without having a license? |
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Definition
| can sell unlimited number of properties but cannot employ or respresent |
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Term
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Definition
| when do RESPA fees have to be disclosed in writing? |
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Term
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Definition
| upon death of a broker, a temporary broker permit may be given to a qualified salesperson for _______ (amount of time) |
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Term
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Definition
| all license expire on ___________ |
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Term
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Definition
| if terminated, broker must return salesperson's license to commissioner within ___________ |
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Term
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Definition
| during an immediate transfer, after broker 1 sigsn form and estroys a license, how much time does the salesperson have to have broker 2 sign the form? |
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Term
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Definition
| you must notice the commissioner within ____________ if one receives any felony or gross misdemeanor |
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Term
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Definition
| who does a broker supervise |
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Term
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Definition
| what type of account does a broker need, must have highest rate of interest |
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Term
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Definition
| what is put into a trust fund? |
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Term
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Definition
| how much time goes before the earnest money must be deposited |
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Term
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Definition
| if an offer is rejected, earnest money must be returned to the buyer within _______ |
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Term
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Definition
| if a non-depositable item such as a promisory note is received, one must obtain ____________ to accept |
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Term
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Definition
| how much time do you need to give the commissioner in advance if closing an account? |
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Term
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Definition
| licensees and sellers must disclose ___ material facts that could change an opinion |
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Term
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Definition
| a licensee or seller can depend upon a _________________ to make disclosures |
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Term
HIV or Aids
death on site
paranormal activity
adult-family home/nursing
megan's law disclosure |
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Definition
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Term
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Definition
| buyer has how much time to bring civil action against the seller |
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Term
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Definition
| to be protected, how much time do you have to submit a protective lsit against the seller |
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Term
| first substantive contact |
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Definition
| written agency relationships disclosure must be give at ___________________________ |
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Term
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Definition
| how much money can be filed as a recovery maximum per transaction |
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Term
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Definition
| how much money can be filed as a recovery maximum per licensee |
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Term
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Definition
| application against REERRF must be made _____________ or less after final judgement |
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Term
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Definition
| written disclosure form must contain this statement allowing a buyer and seller from the same company |
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Term
expiration date
legal description
list price and terms
amount of compensation
duel agency disclosure
signature of listing and buyer |
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Definition
| Agency Agreements include: |
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Term
obediance
loyalty
disclosure
confidentiality
accounting
resonable care and skill |
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Definition
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Term
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Definition
| licensee preforming services but does not represent either party |
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Term
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Definition
| AGENCY? representation trumps |
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Term
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Definition
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Term
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Definition
| deed often used to resove property ownership issues in divoce |
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Term
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Definition
| unequal shares, default unless specified, right of survivorship |
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Term
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Definition
| equal shares, no right of survivorship |
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Term
| decree of dissolution of marraige |
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Definition
| this signed by divorcing couples severs joint teancies |
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Term
| common interest communities |
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Definition
| any entity with the right to charge mandatory assessments for common elements |
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Term
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Definition
| ownership of condo/townhouses |
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Term
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Definition
| developer must give ___________ notice to vacate, and an option to buy for first __________ |
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Term
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Definition
| any commone element reserved for the use of one or more units to the exclusion of other units |
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Term
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Definition
| association members can be charged to pay for ______________ expenses |
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Term
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Definition
| associatio members are ______________ to attend annual meetings |
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Term
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Definition
| CIC omembers have ____________ to rescind after recepit of disclosure |
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Term
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Definition
| this is a type of lease which includes no deed |
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Term
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Definition
| any offering of more than 10 parcels of real estate, which will be divided for sale or lease |
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Term
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Definition
| developers are required to register with the _____________ |
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Term
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Definition
| developer must allow buyer ____________ right to rescind copy of the signed purchase agreement |
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Term
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Definition
| taxes are due on _____________ |
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Term
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Definition
| interest penalty can be charged on _____________, but this is not based on the value of the house |
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Term
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Definition
| if taxes are sent on may 10th, one has the right to send them back __________ after the date on the post stamp |
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Term
| 12 units or 12 month lease |
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Definition
| apartment written leases are required for _____________________________- |
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Term
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Definition
| secruity deposits must be returned within _______ + _____ simple interest |
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Term
| landlord receives deposit |
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Definition
| interest accrues after ___________ |
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Term
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Definition
| landlord must include _________________ explaining why deposit is retained |
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Term
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Definition
| landlords can well/dispose of abandoned property after _____ with _______ notice |
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Term
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Definition
| tenants may get a ruling against a landlord for damages plus up to _____ attorny fees |
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