COLIBRI REAL ESTATE ACTUAL EXAM WITH VERIFIED ANSWERS GUARANTEED PASS
Which of the following is required of an apartment information vendor? Pay a $400 licensure fee Maintain a $5,000 non-interest-bearing escrow account Maintain an escrow account with deposits of $5,000 for each branch office Hold a 2-year license - answer-Pay a $400 licensure fee During which stage of a real estate transaction must the licensee remember to impart information to the seller regarding the potential buyer's qualifications and the quality of the offer being presented? - answer-During the negotiation stage Why should real estate licensees have good knowledge of the loan programs that are currently available from local banks and other lenders? - answer-Financing is a critical part of the transaction. Licensees need to stay current on lenders' guidelines so they can qualify both the buyers and the property. What is the mission of the Division of Licensing Services? - answer-To protect the health, safety and welfare of consumers. To provide efficient process
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