Michigan real estate exam Study guides, Class notes & Summaries

Middleton Real Estate Final Exam Questions all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax ...

PSI Michigan Real Estate Exam Question and answers rated A+ 2023/2024True - correct answer Games of chance for promotion (such as 50/50) are illegal Tor F Functions of the Board - correct answer 1. Interpret licensure requirements and aid in investigations 2. Members are appointed by the governor 3. 2 Four year terms! Department of Licensing and Regulatory Affairs (LARA) - correct answer This Department investigates complaints The Board and Department - correct answer Both of these ac...

Michigan Real Estate Exam Questions with Answers Uniform State Anti-trust Act - Answer-the idea is we are going to free an open market Price Fixing - Answer-saying commission fees are normal for everyone-- should say my comissions what my broker has chosen to charge me Boycotting or concerted refusals to deal - Answer-brokers getting together to say they will not show listings to clients of a different broker territorial or custom allocation - Answer-you stay in your area and we will ...

Michigan Real Estate Exam Questions Answer Key Current Update Department - Answer -department of licensing and affairs - 9 members (6 licensees / 3 general public) - issues licenses - Board - Answer -Board of real estate brokers and salepersons - in charge of revewal - sets penalties - aids department in licensure requirments Broker - Answer -Any person or other entity that with intent to receive compensation or valuable consideration for acts regarding real estate - buy/sell/exc...

Indiana State Life and Health Insurance Exam Questions and Answers Already Passed How many days is a temporary producers license valid? 30 60 90 180 180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 $25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer misrepresents a policy ...

Michigan Real Estate Exam questions n answers graded A+ already passed

"Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate being conveyed. C)Transfer tax is collected at the time a mortgage to real property is recorded. D)There are two types of transfer tax: county and city." - Answer- "B-Explanation: The answer is transfer tax is calculated on the sale price of the real estate being conveyed. The two types of transfer tax are...

Michigan Real Estate Exam with complete solutions

What does LARA stand for? - Answer- The Department of Licensing and Regulatory Affairs What is the purpose of LARA? - Answer- to support business growth and the creation of new jobs by ensuring real estate business structure is fair and efficient Which of these entities or individuals are responsible for oversight of the Bureau of Professional Licensing? 1. Department Director 2. Chief Deputy Director 3. Director of Professional Licensing 4. Board of Real Estate Brokers and Salesperson...

Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) "Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate ...