Question

The ___ requires that all contracts for the sale of real estate must be in writing

Answer #1

The correct answer is statute of limitations

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Statute of limitations is a law which sets the greatest time that parties need to start legitimate procedures from the date of an affirmed offense. The period of time the statute considers a casualty to bring legitimate activity against the claimed miscreant can change starting with one ward then onto another.

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What is the only real estate brokerage relationship that is NOT
required to be in writing?
A. Single agency
B. Designated agency
C. Transaction broker
D. No brokerage

Mustafa constructions and Real estate LLC is involved in the
construction and sale of apartment flats. The company is involved
in two types of economic activity. Firstly, The company rents out
one of its own commercial apartments worth OMR140,000 to a training
institute on the lease agreement. The training institute pays equal
monthly rentals of OMR 4,500 to Mustafa constructions and Real
estate LLC. There is no other role by the Mustafa constructions and
Real estate LLC other than lease...

Let all real estate sales in the region in 2008 be Population 1
and all real estate sales in the region in 2010 be Population
2.
population 1 (2008): total sales= 533, foreclosure sales=
123
population 2 (2010): total sales=570, foreclosure sales=149
1)construct point estimates pˆ1 and pˆ2 of the proportions p1
and p2 of all real estate sales in this region in 2008 and 2010
that were foreclosure sales.
Construct a point estimate of p1−p2.
2)Use the sample data...

All of the following are elements for contracts. Which one is
essential only for contracts on real estate?
Question 4 options:
1)
competent parties
2)
offer and acceptance
3)
written form
4)
consideration
The management agreement gives the manager authority to
Question 1 options:
1)
advertise the property for rent.
2)
hire, discharge and pay employees.
3)
collect rent.
4)
all of the above.

Sales at Dunphy Real Estate totaled 10 homes for the month. The
sale amounts were as follows:
$115,000, $119,000, $150,000, $175,000, $160,000, $104,000,
$118,000, $148,000, $165,000, and $195,000.
Calculate the mean and median.

(1 point) Real estate ads suggest that 57 % of homes for sale
have garages,
26 % have swimming pools, and
24 % have both features.
What is the probability that a home for sale has
a) a pool or a garage?
Answer = %
b) neither a pool nor a garage?
Answer = %
c) a pool but no garage?
Answer = %

Real estate ads suggest that 54% of homes for sale have garages,
43% of homes have swimming pools, and 15% have both features. Show
your work.
(a) What is the probability that a home for sale has neither a
pool nor a garage? Round your answer to two decimal places.
(b) What is the probability that a home for sale has a pool but
no garage? Round your answer to two decimal places.

This is a real estate math question. On the sale of any
property, a sales associates compensation is based on the total
commission paid to the broker. The sales associate receives 30% of
the first $2,500, 40% of the next amount between $2,500 and $7,500,
and 50% of any remaining amount exceeding $7,500. If a property
sells for $234,500 and the broker's commission rate is 6.5%, what
is the sales associates total compensation?
Select one:
a. $7,621.25
b. $6,621.25
c....

Ana and Frank asked Ruth John a real estate salesperson who
worked for Exceptional Real Estate, to list for sale their house in
Pleasant Valley, Vermont. Diane Griffin, a California resident,
visited the house as a potential buyer. Ruth John worked under the
supervision of David Krimmer, an officer of Exceptional Real
Estate. Krimmer knew but did not disclose to Ruth or Diane, that
the house was subject to severe and frequent winds, that a window
had blown in years...

Ana and Frank asked Ruth John, a real estate salesperson who
worked for Exceptional Real Estate, to list for sale their house in
Pleasant Valley, Vermont. Diane Griffin, a California resident,
visited the house as a potential buyer. Ruth John worked under the
supervision of David Krimmer, an officer of Exceptional Real
Estate. Krimmer knew, but did not disclose to Ruth or Diane, that
the house was subject to frequent and severe winds, that a window
had blown in years...

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