Affiliate broker test Study guides, Class notes & Summaries
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WGU C483 (Principles of Management) Final Exam Questions and Answers Latest 2023/2024 | 100% Verified
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Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of 
activity and then to allocate costs across particular business processes according to the mount of 
time employees devote to particular activities 
Adapters Ans: Companies that take the current industry structure and its evolution as givens, 
and choose where to compete. 
Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately 
negative effect on a protected group. 
Ad...
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TREES PRELICENSE TN STATE LAW QUIZ G QUESTIONS WITH COMPLETE SOLUTIONS
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An affiliate broker can legally start working with their broker when: 
 
A. They receive notification of a passing grade on license test 
B. The recovery fund fee is paid 
C. The applicant requests a hearing before the Real Estate Commission 
D. The affiliate broker's license has been issued. correct answer: D. The affiliate broker's license has been issued 
 
All of the following are true concerning the Tennessee Real Estate Education & Recovery Account EXCEPT: 
 
A. All affiliate brokers an...
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Affiliate Broker Test Exam Questions with 100% Correct Answers | Verified | Updated 2024
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Affiliate Broker Test Exam Questions with 100% Correct Answers | Verified | Updated 2024
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Affiliate Broker Test exam with 100% correct answers
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Broker 
Person or company licensed to sell buy exchange or lease real property for others and to charge a fee for those services 
 
 
 
Salesperson (affiliate broker) 
Employed by or associated with the broker to perform brokerage activities on behalf of the broker 
 
 
 
Appraisal 
Assessing a properties market value done by an appraiser 
 
 
 
Property manager 
Hired to manage a property on behalf of the owner 
 
 
 
Caveat emptor 
Buyer beware, is the law 
 
 
 
NAR (national association of r...
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Affiliate Broker Test - TN 2024 exam with 100% correct answers
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Which of the following is a violation of federal fair housing law? 
 
A) A landlord refuses to rent to anyone under the age of 30. 
B) A private homeowner advertises a private house share using the phrase: "No minorities." 
C) private homeowner lives in a duplex and won't rent the other half to a pregnant woman. 
D) private homeowner lives in a triplex and won't rent one of the units to a family. 
A private homeowner advertises a private house share using the phrase: "No minorities." 
 
 
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PSI National Affiliate Broker Test Exam With 100% Correct Answers 2024
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PSI National Affiliate Broker Test Exam With 100% Correct Answers 2024
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Affiliate Broker Test Questions and answers latest update 2024
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Affiliate Broker Test Questions and answers latest update 2024
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PSI National Affiliate Broker test exam with 100% correct answers
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The land description T3N, R4W Principal Meridian refers to what method of property description? 
Rectangular Survey 
 
 
 
Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics most likely explains the price difference? 
 
a) Uniqueness 
b)Situs 
c)indestructibility 
d)permanence of investment 
B)Situs 
 
 
 
A major difference between freehold and nonfreehold estate is that all fr...
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PSI National Affiliate Broker test exam Questions With Complete Solutions
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The land description T3N, R4W Principal Meridian refers to what method of property description? correct answer: Rectangular Survey 
 
 
Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following charateristics most likely explains the price difference? a) Uniqueness b)Situs c)indestructibility d)permanence of investment correct answer: B)Situs 
 
A major difference between freehold and nonfreehold e...
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PSI National Affiliate Broker test exam with 100% correct answers
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Rectangular Survey 
The land description T3N, R4W Principal Meridian refers to what method of property description? 
 
 
 
B)Situs 
Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following charateristics most likely explains the price difference? a) Uniqueness b)Situs c)indestructibility d)permanence of investment 
 
 
 
of indeterminable duration 
A major difference between freehold and nonfreehold ...
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