Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Real Estate Licenses > Vocabulary > Flashcards

Vocabulary Flashcards

1
Q

Police Power

A

basic right of government to make laws (10th amendment)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Licensing Laws

A

require certification to verify ethical practices and protect the public

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

NYS Real Property Law

A

12A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Vicarious Liability

A

responsible for the actions or transgressions of another.

[BR responsible for SP, entirely and completely]

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Reciprocity

A

NYS license may carry over to another state. However; state by case basis so review specific laws.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Escrow Account

A

Separate account for RE transactions of a specific client

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Real Estate Licenses (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions