New Mexico Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012
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NEW MEXICO REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license.A lot of topics are covered by the exam but we choose to focus on the legal & regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios.
New Mexico Real Estate BROKER State Licensure Examination ExamFOCUS Study Notes and Review Questions 2013 by Examreview Pdf
In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
TEXAS REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Texas, it is the TREC that administers broker licensing, while the actual exam is operated by PSI. A broker supervises an agent/salesperson. One major function of a broker is to arrange the necessary contracts for property transaction. A Salesperson must be at least 18 years old and must be either a citizen of the United States or a lawfully admitted alien who is also a legal TX resident. You must realize that many of the real estate skills and knowledge actually apply to both salespersons and brokers. The underlying concepts and principles are in many circumstances totally identical. A lot of topics are covered in the exams but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
New Mexico Real Estate Broker State License Examination Examfocus Study Notes & Review Questions by Exam Review Pdf
In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES
New Mexico Real Estate Broker State License Examination Examfocus Study Notes & Review Questions 2014 by Examreview Pdf
In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license.A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.
Wyoming REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Wyoming it is the WREC that administers real estate licensing. To apply for a salesperson license, one must be sponsored by a Wyoming licensed real estate broker, and must complete at least 54 hours of approved real estate education courses. To apply for a broker license, one must be either graduating from a Salesman license and take both the State AND National exams, OR holding equal license in a resident state and pass the State exam. Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers. In fact, in many states the term agent and salesperson are often used interchangeably. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
New Mexico Real Estate Broker State License Examination by Examreview Pdf
In New Mexico the real estate commission NMREC issues only two types of real estate broker's licenses, which are associate broker's license and qualifying broker's license, and that both types of licenses are issued only to individuals. Do note there is no separate qualifying broker's examination, meaning there is only one version of the exam for both types of license.A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.
New Jersey Real Estate BROKER State Licensure Examination ExamFOCUS Study Notes and Review Questions 2013 by Examreview Pdf
In New Jersey, it is the New Jersey Real Estate Commission REC that administers and enforces the real estate licensing law, N.J.S.A. 45:15-1 et seq. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
COLORADO REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Colorado, broker license applicants must have knowledge on topics state & nation-wise. This book focuses on: LEGAL DEFINITIONS AND CLASSIFICATIONS FREEHOLD ESTATE FEE SIMPLE FEE TAIL LIFE ESTATE NONFREEHOLD ESTATES ESTATE FOR YEARS ESTATE FROM YEAR TO YEAR TENANCY AT WILL TENANCY AT SUFFERANCE CONCURRENT ESTATES JOINT TENANCY TENANCY BY THE ENTIRETY TENANCY IN COMMON COVENANT RESTRICTIVE COVENANT OCCUPANCY CLASSIFICATIONS TITLE DOCUMENTS OVERVIEW TYPES OF DEED TYPICAL TERMS OF THE DEED EXECUTION, ACKNOWLEDGMENTS AND FILING DISCLOSURE OF DEFECTS AND RISKS DEALING WITH LOST DEED CONTRACT FOR DEED QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT TYPES OF PROPERTY AND PROPERTY VALUATION CLASSIFICATIONS OF REAL PROPERTY INCOME PROPERTY MULTIFAMILY BUILDING AND CONDOMINIUM HOUSING COOPERATIVE CERTIFICATE OF OCCUPANCY OCCUPANCY AGREEMENT DISABILITY INVESTMENT PROPERTY AND PROPERTY CYCLE PROPERTY APPRAISAL, CMA AND OTHER APPROACHES PROPERTY TAXES STATE SPECIFIC PROPERTY TAX ISSUES REAL ESTATE SALE & PURCHASE AGREEMENT SOURCE OF LAW CONTRACT TYPES OFFER, ACCEPTANCE, INVITATION TO TREAT & CONSIDERATION DISCHARGING OR INVALIDATING A CONTRACT BREACH OF CONTRACT CONTRACT LAW POINTS TO NOTE PRIVITY OF CONTRACT POSTAL RULE CONTRACTUAL MISTAKES CONTRACT INTERPRETATION ADR TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT MORTGAGE, LOANS AND THE DEED OF TRUST PITI AND TITLE INSURANCE REAL ESTATE LISTING AND MANAGEMENT CONTRACTS OVERVIEW TYPES OF LISTING AGREEMENT AND COMMISSIONS IMPORTANT ELEMENTS OF A LISTING AGREEMENT BUYER REPRESENTATION AND AGENCY LAW OVERVIEW OF PROPERTY MANAGEMENT CONTRACTS SECTIONS OF THE CONTRACT FIDUCIARY DUTY FEE STRUCTURE THE REAL ESTATE AGENT AND BROKER BUSINESS OVERVIEW DUTIES THE OVERALL BUSINESS ENTITY REQUIREMENTS REIT INSURANCE BASIC ACCOUNTING BOOKKEEPING METHODS TRIAL BALANCE ERRORS BANK RECONCILIATION CLOSING JOURNAL ENTRIES SOURCE DOCUMENTS REAL ESTATE SPECIFIC ACCOUNTING PRINCIPLE STATE SPECIFIC LICENSING ISSUES STAFFING RELATED LAWS AND OTHER REGULATIONS WORKPLACE PRIVACY OTHER WORKPLACE LEGAL ISSUES4 OSHA AGENCY ARRANGEMENT AGENCY THEORY RESPONSIBILITIES AND RELATIONSHIPS AGENCY THEORY ETHICS - LOYALTY ETHICS - DISCLOSURE ETHICS - CONFIDENTIALITY ETHICS - CODE MISREPRESENTATION FRAUD THE PROPERTY MANAGEMENT FUNCTION OVERVIEW LICENSING AND OTHER REQUIREMENTS THE MANAGER'S ROLE THE AGENCY THEORY ETHICS IN GENERAL PROPERTY MANAGER'S ETHICS PROPERTY MANAGER LIABILITY AND LANDLORD LIABILITY INSURANCE COVERAGE PROFESSIONAL LIABILITY INSURANCE AND EMPLOYER LIABILITY IN THE CASE OF CONDOMINIUM TOTAL ASSETS MANAGEMENT PROPERTY MARKET VALUE AND APPRAISAL METHODS PROPERTY CYCLE MAINTENANCE PLANNING AND ADMINISTRATION BUDGET FOR MAINTENANCE OUTSOURCING MAINTENANCE WORKS LEASING LEASEHOLD PROPERTY AND ESTATES LEASE AGREEMENT PERIODIC RENTAL AGREEMENT LEGAL OBLIGATIONS AND REMEDIES USE OF THE PROPERTY AND QUIET ENJOYMENT THE IMPLIED WARRANTY OF HABITABILITY MAINTENANCE AND IMPROVEMENT REASONABLE PERIOD OF TIME DILAPIDATIONS IN COMMERCIAL LEASES RENT WITHHOLDING, ABANDONMENT AND CONSTRUCTIVE EVICTION TENANT EVICTION HOLDING DEPOSIT SECURITY DEPOSIT, PET DEPOSIT AND APPLICATION FEE LEVERAGED LEASE LEASE OPTIONS IMPORTANT ELEMENTS OF A LEASE OPTION LEGAL RESTRICTIONS ON LEASE OPTION RENTAL ACCOUNTING AND TRUST FUND ACCOUNTING RENTAL PROPERTY ACCOUNTING FORMULAS DETERMINING RENTAL CHARGES TRUST FUND ACCOUNTING TRUST FUND HANDLING AND RECORD KEEPING MANAGEMENT FILE AND OTHER RECORDS & REPORTS ZONING, LAND USE AND ENVIRONMENTAL REGULATIONS OVERVIEW OF LEGAL AUTHORITY OVERVIEW OF ZONING TECHNIQUES DIFFERENT ZONING TYPES LAND USE ANALYSIS ENVIRONMENTAL PROTECTION AND FLOOD PLAIN REGULATIONS EGRESS AND FIRE CODES
COLORADO Real Estate Broker State Licensure Examination ExamFOCUS Study Notes and Review Questions 2013 by ExamREVIEW Pdf
In Colorado it is the DORA DRE (Division of Real Estate) that handles licensing. PSI administers the broker exam. You want to know that pre-licensing courses are required. Proof of Error and Omission Insurance must also be in place at the time of license application. A lot of topics are covered by the exam but we choose to focus on the legal & regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
WEST VIRGINIA REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In West Virginia, broker license applicants must have knowledge on topics state & nation-wise. This book focuses on: LEGAL DEFINITIONS AND CLASSIFICATIONS FREEHOLD ESTATE FEE SIMPLE FEE TAIL LIFE ESTATE NONFREEHOLD ESTATES ESTATE FOR YEARS ESTATE FROM YEAR TO YEAR TENANCY AT WILL TENANCY AT SUFFERANCE CONCURRENT ESTATES JOINT TENANCY TENANCY BY THE ENTIRETY TENANCY IN COMMON COVENANT RESTRICTIVE COVENANT OCCUPANCY CLASSIFICATIONS TITLE DOCUMENTS OVERVIEW TYPES OF DEED TYPICAL TERMS OF THE DEED EXECUTION, ACKNOWLEDGMENTS AND FILING DISCLOSURE OF DEFECTS AND RISKS DEALING WITH LOST DEED CONTRACT FOR DEED QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT TYPES OF PROPERTY AND PROPERTY VALUATION CLASSIFICATIONS OF REAL PROPERTY INCOME PROPERTY MULTIFAMILY BUILDING AND CONDOMINIUM HOUSING COOPERATIVE CERTIFICATE OF OCCUPANCY OCCUPANCY AGREEMENT DISABILITY INVESTMENT PROPERTY AND PROPERTY CYCLE PROPERTY APPRAISAL, CMA AND OTHER APPROACHES PROPERTY TAXES STATE SPECIFIC PROPERTY TAX ISSUES REAL ESTATE SALE & PURCHASE AGREEMENT SOURCE OF LAW CONTRACT TYPES OFFER, ACCEPTANCE, INVITATION TO TREAT & CONSIDERATION DISCHARGING OR INVALIDATING A CONTRACT BREACH OF CONTRACT CONTRACT LAW POINTS TO NOTE PRIVITY OF CONTRACT POSTAL RULE CONTRACTUAL MISTAKES CONTRACT INTERPRETATION ADR TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT MORTGAGE, LOANS AND THE DEED OF TRUST PITI AND TITLE INSURANCE REAL ESTATE LISTING AND MANAGEMENT CONTRACTS OVERVIEW TYPES OF LISTING AGREEMENT AND COMMISSIONS IMPORTANT ELEMENTS OF A LISTING AGREEMENT BUYER REPRESENTATION AND AGENCY LAW OVERVIEW OF PROPERTY MANAGEMENT CONTRACTS SECTIONS OF THE CONTRACT FIDUCIARY DUTY FEE STRUCTURE THE REAL ESTATE AGENT AND BROKER BUSINESS OVERVIEW DUTIES THE OVERALL BUSINESS ENTITY REQUIREMENTS REIT INSURANCE BASIC ACCOUNTING BOOKKEEPING METHODS TRIAL BALANCE ERRORS BANK RECONCILIATION CLOSING JOURNAL ENTRIES SOURCE DOCUMENTS REAL ESTATE SPECIFIC ACCOUNTING PRINCIPLE STATE SPECIFIC LICENSING ISSUES STAFFING RELATED LAWS AND OTHER REGULATIONS WORKPLACE PRIVACY OTHER WORKPLACE LEGAL ISSUES4 OSHA DOSH AGENCY ARRANGEMENT AGENCY THEORY RESPONSIBILITIES AND RELATIONSHIPS AGENCY THEORY ETHICS - LOYALTY ETHICS - DISCLOSURE ETHICS - CONFIDENTIALITY ETHICS - CODE MISREPRESENTATION FRAUD THE PROPERTY MANAGEMENT FUNCTION OVERVIEW LICENSING AND OTHER REQUIREMENTS THE MANAGER'S ROLE THE AGENCY THEORY ETHICS IN GENERAL PROPERTY MANAGER'S ETHICS PROPERTY MANAGER LIABILITY AND LANDLORD LIABILITY INSURANCE COVERAGE PROFESSIONAL LIABILITY INSURANCE AND EMPLOYER LIABILITY IN THE CASE OF CONDOMINIUM TOTAL ASSETS MANAGEMENT PROPERTY MARKET VALUE AND APPRAISAL METHODS PROPERTY CYCLE MAINTENANCE PLANNING AND ADMINISTRATION BUDGET FOR MAINTENANCE OUTSOURCING MAINTENANCE WORKS LEASING LEASEHOLD PROPERTY AND ESTATES LEASE AGREEMENT PERIODIC RENTAL AGREEMENT LEGAL OBLIGATIONS AND REMEDIES USE OF THE PROPERTY AND QUIET ENJOYMENT THE IMPLIED WARRANTY OF HABITABILITY MAINTENANCE AND IMPROVEMENT REASONABLE PERIOD OF TIME DILAPIDATIONS IN COMMERCIAL LEASES RENT WITHHOLDING, ABANDONMENT AND CONSTRUCTIVE EVICTION TENANT EVICTION HOLDING DEPOSIT SECURITY DEPOSIT, PET DEPOSIT AND APPLICATION FEE LEVERAGED LEASE LEASE OPTIONS IMPORTANT ELEMENTS OF A LEASE OPTION LEGAL RESTRICTIONS ON LEASE OPTION RENTAL ACCOUNTING AND TRUST FUND ACCOUNTING RENTAL PROPERTY ACCOUNTING FORMULAS DETERMINING RENTAL CHARGES TRUST FUND ACCOUNTING TRUST FUND HANDLING AND RECORD KEEPING MANAGEMENT FILE AND OTHER RECORDS & REPORTS ZONING, LAND USE AND ENVIRONMENTAL REGULATIONS OVERVIEW OF LEGAL AUTHORITY OVERVIEW OF ZONING TECHNIQUES DIFFERENT ZONING TYPES LAND USE ANALYSIS ENVIRONMENTAL PROTECTION AND FLOOD PLAIN REGULATIONS EGRESS AND FIRE CODES
IOWA REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Iowa, it is the Iowa Professional Licensing Bureau that administers broker licensing. Generally, a broker applicant must have 24 months of active salesperson experience. There is also a 72-hour broker pre-license education requirement within the preceding 24 months. On the other hand, a salesperson must be assigned to (work for) a licensed broker or firm and cannot conduct business independently. Simply put, the salesperson serves as the broker's agent.Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers. In fact, in many states the term agent and salesperson are often used interchangeably.A lot of topics are covered by the exam but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Arkansas REAL ESTATE BROKER STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Arkansas, it is the Real Estate Commission AREC's Licensing section which is responsible for "...reviewing applications of individuals who are applying to take the Arkansas real estate exam, issuing licenses to persons who enter the profession, annually renewing licenses issued to real estate brokers and salespersons, maintaining current license data and history for each licensee, and maintaining continuing education data for each licensee". Real Estate License Examinations, on the other hand, are developed and administered by Pearson VUE.Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers. In fact, in many states the term agent and salesperson are often used interchangeably. A lot of topics are covered in the exams but we choose to focus on the legal and regulatory topics here. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
Wyoming REAL ESTATE SALESPERSON STATE LICENSURE Examination ExamFOCUS Study Notes and Review Questions 2012 by ExamREVIEW Pdf
In Wyoming it is the WREC that administers real estate licensing. To apply for a salesperson license, one must be sponsored by a Wyoming licensed real estate broker, and must complete at least 54 hours of approved real estate education courses. To apply for a broker license, one must be either graduating from a Salesman license and take both the State AND National exams, OR holding equal license in a resident state and pass the State exam.This book focuses on topics related to real estate principles, laws and regulations; contracts and licensing requirements; and leasing.We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios.
Indiana Real Estate Broker State Licensure Examination ExamFOCUS Study Notes and Review Questions 2013 by ExamREVIEW Pdf
In Indiana, it is the Indiana Real Estate Commission of the PLA that administers broker licensing. Exams, however, are handled through PSI. A lot of topics are covered by the exam but we choose to focus on the legal & regulatory topics here. Throughout the book we try to use the term "real estate agent" instead of being very specific since many of the real estate skills and knowledge actually apply to both salespersons and brokers. In fact, in many states the term agent and salesperson are often used interchangeably. We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you'll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!
