Leaseholds Study guides, Class notes & Summaries

Missouri Real Estate Exam Questions and Answers Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only - Correct Answer ️️ -b Susie is employed by broker Joe to show rental properties that he manages. She shows rental units, collects security deposit checks made payable to the owner, and delivers leases. Based on these actions, Susie: Must be a real estate licensee Is violating MREC rules Is creating a criminal offense Is not required t...

What is a Real Estate Broker - ANSWER Includes all persons, partnerships, associations and corporations (Foreign or domestic) who List, sell, purchase, exchange, rent, lease, manage, auction, or negotiate real estate for a free commission Additional Terms for a Real estate Broker - ANSWER -Any Person advertising themselves as engaged in the activity of real estate -Any person assisting in procuring prospective individual for real estate transactions -Any person, partnership, association or...

Allodial System The type of land ownership existing in the United States whereby individuals may hold title to real property absolutely. Association of Real Estate License Law Official (ARELLO) Founded in 1929, a group of real estate license law officials that regulates more than 2 million real estate licensees. Feudal System A type of land ownership in medieval Europe, whereby only the king could hold absolute title to real property. Free Market An economic condition in...

District of Columbia Licensure Act was enacted by? The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? 1. Condominiums 2. Leaseholds 3. Timeshare 4. Government owned property, and 5. Cooperative apartments. How is the DC Licensure Act implemented? The Mayor is the implementing authority of the Act ...

Land held for future expansion is classified as a long-term investment. It is not a property, plant and equipment asset because it is not being used in the production or sale of other assets or services. 3. The cost of a property, plant and equipment asset includes all normal, reasonable, and necessary costs of getting the asset in place and ready to use. For example, cost includes such items as the invoice price paid, freight costs, non refundable sales taxes (PST, HST) and all costs incu...

Ky Board Of Auctioneer Test Exam With 100% Correct Answers Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...

OSHA Occupational Safety and Health Administration Primary purpose of OSHA Ensuring employee safety and health. Why? The facility's most valuable asset is it's employees. OSHAs goals through the National Emphasis Program Reduce muscoskeletal injuries for employees OSHA will target facilities with a high incident rate with DART. DART means Days away, restricted, transfers Subject to OSHA survey: if DART rate of ____ or more employees per 100 FTEs 10 OSHA ...

District of Columbia Licensure Act was enacted by? - Answer The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? - Answer To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? - Answer 1. Condominiums 2. Leaseholds 3. Timeshare 4. Government owned property, and 5. Cooperative apartments. How is the DC Licensure Act implemented? - Answer The Mayor is the implementing a...

NAB exam: comprehensive review questions and answers 100% pass OSHA Occupational Safety and Health Administration Primary purpose of OSHA Ensuring employee safety and health. Why? The facility's most valuable asset is it's employees. OSHAs goals through the National Emphasis Program Reduce muscoskeletal injuries for employees OSHA will target facilities with a high incident rate with DART. DART means Days away, restricted, transfers Subject to OSHA survey: if DART rate of ____ or more empl...

CHPA Industry Terms Exam 107 Questions with Verified Answers Additional Living Expense (ALE) Coverage - CORRECT ANSWER A type of insurance included within homeowners' policies. ALE coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses prior to the loss. For example, additional living expense insurance would cover an insured's motel bill while fire damage to the home is being repaired, ...