West Virginia Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012
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West Virginia State Licensure Examination Real Estate Salesperson License Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-05-28
West Virginia State Licensure Examination Real Estate Salesperson License Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-28 with Study Aids categories.
In West Virginia the authority to real estate broker licensing is the WEST VIRGINIA REAL ESTATE COMMISSION WREC, which was first created by Chapter 127, Acts of the Legislature, Regular Session, 1937 and then reestablished by Chapter 245, Acts of the Legislature, Regular Session, 2002. 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.
West Virginia Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-05-11
West Virginia Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-11 with Study Aids categories.
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
West Virginia Real Estate Salesperson And Broker State Licensure Examinations Examfocus Study Notes And Review Questions 2013
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Author : Examreview
language : en
Publisher: Createspace Independent Pub
Release Date : 2013-06-18
West Virginia Real Estate Salesperson And Broker State Licensure Examinations Examfocus Study Notes And Review Questions 2013 written by Examreview and has been published by Createspace Independent Pub this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-18 with Study Aids categories.
In West Virginia the authority to real estate broker licensing is the WEST VIRGINIA REAL ESTATE COMMISSION WREC, which was first created by Chapter 127, Acts of the Legislature, Regular Session, 1937 and then reestablished by Chapter 245, Acts of the Legislature, Regular Session, 2002. To be eligible for the broker examination, a candidate must be at least 18 years old. A licensed salesperson has a 90-classroom-hour real estate education requirement. A “regular” person, on the other hand, has a 180-classroom-hour education requirement. Eligibility for examination is subject to approval!Throughout the book we try to use the term “agent” instead of “salesperson”/”sales associate” because in many states people use these terms interchangeably. Also note that many of the real estate skills and knowledge actually apply to both salespersons/sales associates and brokers. The underlying concepts and principles are in many circumstances almost identical. 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 Salesperson Broker State License Examinations Examfocus Study Notes Review Questions
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Author : Examreview
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-09-10
West Virginia Real Estate Salesperson Broker State License Examinations Examfocus Study Notes Review Questions written by Examreview and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-10 with categories.
In West Virginia the authority to real estate broker licensing is the WEST VIRGINIA REAL ESTATE COMMISSION WREC, which was first created by Chapter 127, Acts of the Legislature, Regular Session, 1937 and then reestablished by Chapter 245, Acts of the Legislature, Regular Session, 2002. To be eligible for the broker examination, a candidate must be at least 18 years old. A licensed salesperson has a 90-classroom-hour real estate education requirement. A "regular" person, on the other hand, has a 180-classroom-hour education requirement. Eligibility for examination is subject to approval! Throughout the book we try to use the term "agent" instead of "salesperson"/"sales associate" because in many states people use these terms interchangeably. Also note that many of the real estate skills and knowledge actually apply to both salespersons/sales associates and brokers. The underlying concepts and principles are in many circumstances almost identical. 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! TAX RATES AND FEES TEND TO CHANGE FREQUENTLY. THEREFORE YOU SHOULD CHECK WITH YOUR LOCAL AUTHORITIES FOR THE LATEST INFORMATION UPDATES.
Broker State License Examinations Examfocus Study Notes Review Questions 2014
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Author : Examreview
language : en
Publisher:
Release Date : 2013-11-14
Broker State License Examinations Examfocus Study Notes Review Questions 2014 written by Examreview and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-14 with Study Aids categories.
In West Virginia the authority to real estate broker licensing is the WEST VIRGINIA REAL ESTATE COMMISSION WREC, which was first created by Chapter 127, Acts of the Legislature, Regular Session, 1937 and then reestablished by Chapter 245, Acts of the Legislature, Regular Session, 2002. To be eligible for the broker examination, a candidate must be at least 18 years old. A licensed salesperson has a 90-classroom-hour real estate education requirement. A “regular” person, on the other hand, has a 180-classroom-hour education requirement. Eligibility for examination is subject to approval!Throughout the book we try to use the term “agent” instead of “salesperson”/”sales associate” because in many states people use these terms interchangeably. Also note that many of the real estate skills and knowledge actually apply to both salespersons/sales associates and brokers. The underlying concepts and principles are in many circumstances almost identical. 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! 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 Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-05-29
New Mexico Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-29 with Study Aids categories.
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.
Wyoming Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-05-19
Wyoming Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-19 with Study Aids categories.
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!
West Virginia Auctioneer Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-09-05
West Virginia Auctioneer Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-05 with categories.
In West Virginia it is the Department of Agriculture, Executive Division that administers auctioneer licensing. Examinations for auctioneers and apprentice auctioneers are given in April and October each year. Applicants must be 18 years of age. Focus of the exam is on rules set forth in WV Code §19-2C-1 plus other fundamental knowledge. The TOC is as follow: CONTENTS UPDATE 3 PREFACE FOR CANDIDATES 3 ACTS AND REGULATIONS 4 AT THE STATE LEVEL 4 AT THE NATIONAL LEVEL 5 THE AUCTION BUSINESS 16 BASIC DEFINITIONS 16 THE OVERALL BUSINESS ENTITY REQUIREMENTS 18 INSURANCE AND BOND 20 BASIC MATH AND ACCOUNTING 21 THE ACCRUAL PRINCIPLE 23 THE HISTORICAL COST PRINCIPLE 24 THE CONSISTENCY PRINCIPLE 24 THE PRUDENCE PRINCIPLE 24 THE MATERIALITY PRINCIPLE 25 THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 25 THE SEPARATE LEGAL ENTITY CONCEPT 27 THE CONSERVATIVE PRINCIPLE 27 THE GOING CONCERN CONCEPT 28 THE ACCOUNTING EQUATION 28 BOOKKEEPING METHODS 29 THE BOOKKEEPING CYCLE 29 DEBITS AND CREDITS 30 RECORDING AND POSTING TRANSACTIONS 32 GENERAL LEDGER VS GENERAL JOURNAL 34 TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 35 TRIAL BALANCE AND THE CORRECTION OF ERRORS 36 BANK RECONCILIATION 37 CLOSING JOURNAL ENTRIES 40 SOURCE DOCUMENTS 41 THE TRUST/ESCROW ACCOUNT 41 RECORD KEEPING 43 BUSINESS CONTRACT LEGAL ELEMENTS 48 SOURCE OF LAW 49 THE STATUTE OF FRAUD 50 CONTRACT TYPES 52 OFFER, ACCEPTANCE, AND INVITATION TO TREAT 53 CONSIDERATION 56 DISCHARGING OR INVALIDATING A CONTRACT 58 BREACH OF CONTRACT 61 POSSIBLE DEFENSES 63 DAMAGE RECOVERY 64 MEASURING DAMAGES 65 THE EXPECTATION MEASURE 65 RELIANCE INTEREST 66 RESTITUTION 67 LIMITATIONS 67 SATISFACTION CLAUSE 68 AGENCY RELATIONSHIP 68 AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 70 THE AUCTION CONTRACTS 73 CONTRACT LAW POINTS TO NOTE 75 ADR 80 FRAUDS 82 MISREPRESENTATION 84 SOME IMPORTANT TERMS OF THE UCC 89 OVERVIEW 89 SOME IMPORTANT PROVISIONS OF ARTICLE 1 100 SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 102 AUCTION SALE AND BULK TRANSFER 109 BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 113 CLASSIFICATIONS OF REAL PROPERTY 113 CERTIFICATE OF OCCUPANCY 115 TYPES OF DEED 115 TYPICAL TERMS OF THE DEED 117 TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 118 MORTGAGE AND LOANS AND THE DEED OF TRUST 121 EXECUTION, ACKNOWLEDGMENTS AND FILING 125 QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 125 ZONING 127 EGRESS AND FIRE CODES 129 INVESTMENT PROPERTY AND PROPERTY CYCLE 129 PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 130 PROPERTY TAXES 132
Texas Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2013-06-16
Texas Real Estate Broker State Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-16 with categories.
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!
Wyoming Real Estate Salesperson State Licensure Examination Examfocus Study Notes And Review Questions 2012
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Author : ExamREVIEW
language : en
Publisher:
Release Date : 2012-05-28
Wyoming Real Estate Salesperson State Licensure Examination Examfocus Study Notes And Review Questions 2012 written by ExamREVIEW and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-28 with Study Aids categories.
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.