1.2 Flashcards

0
Q

The two types of real estate license exams you would take after passing the courses final exam are ________.

A

Uniform and State

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1
Q

The Minnesota curriculum for this course requires ______ hours to complete it.

A

30

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2
Q

Where can you obtain detailed information about the state license exam?

A

The Candidate Information Bulletin

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3
Q

What are the summaries at the end of each section of this course called?

A

Quick Study Reviews

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4
Q

True or False:

The state license exam includes some math questions.

A

True

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5
Q

What is the third party that attests to the fact that you took our final exam without help?

A

A proctor, such as a librarian.

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6
Q

How many courses must you complete before applying for your real estate license?

A

3

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7
Q

True or False:

Your employer’s human resources director or manager may proctor you license course exam.

A

True

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8
Q

True or False:

A librarian within your local school or public library system may proctor your license course exam?

A

True

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9
Q

What is the most popular area of specialization for new real estate licenses?

A

Existing residential sales

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10
Q

What real estate specialty includes warehouses, manufacturing facilities and storage facilities?

A

Industrial real estate

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11
Q

What real estate specialty includes rental, building maintenance, accounting and insurance?

A

Property management

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12
Q

As a real estate salesperson, with whom do you place your real estate license?

A

Your broker

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13
Q

What is the natural erosion of soil on one side of a watercourse and the gradual addition of soil to the other side?

A

Accretion

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14
Q

What is an addition to the agreement and is a part of it?

A

Addendum

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15
Q

What is a change to the agreement after it was originally accepted?

A

Amendment

16
Q

What is a written instrument given to pass title of personal property from a seller to a buyer?

A

Bill of Sale

17
Q

What is the mixing of personal funds with trust funds?

A

Comingling