What is the best course for a licensee who has been denied compensation due to a fraudulent seller? The licensee should inform his or her broker. The licensee should bring a civil suit against the seller.
Find out more. The Licensee and Advanced Licensee training courses are for most licensees, approved managers and club secretaries, as you have greater responsibilities and obligations under the NSW liquor laws.
To obtain a Licensee and/or Advanced Licensee competency, you need to complete a Licensee and/or Advanced Licensee course through an approved training provider. Courses may be offered in a classroom, via virtual classroom or online. Find an approved training provider.
Licensee Mike was owed a commission from seller Jane. Jane has refused to make payment. What recourse does licensee Mike have? Licensee Mike can seek damages through his broker.
What are three most common types of listing? Open listing, exclusive right to sell listing, and exclusive agency listing thing.
Which of the following situations would not result in the initiation of a licensing action against a licensee ? A salesperson does not present an offer to the seller after the seller has accepted a previous offer.
Which of the following best defines a marketable title? A title that a court of equity considers to be so free from defect that it will legally force its acceptance by a buyer.
That's why using a legal description is the most accurate way to identify real estate. A legal description can be long and look complicated, but it's a more precise method of describing where a property is located.
According to the policy, unlicensed assistants may not perform the following activities: Host open houses, kiosks, home show booths or fairs, or hand out materials at such functions. Show property. Answer any questions from consumers on listing, title, financing, closing, etc.
When applying for the actual real estate license, what must a prospective licensee do after passing the examination? Submit one set of classifiable fingerprints.
Good title is an implied condition of a contract of sale of land that the seller must convey to the buyer a good, marketable title that has no defects, no burdens, and no hazardous litigation that may result from third parties with protected legal interests in the property.
The property seller must deliver marketable title to the buyer. In everyday language, that means the title must be free of liens, encumbrances, easements or other title defects the buyer is not willing to accept. The best evidence of marketable title is a lender`s or owner`s title insurance policy.
Suppose, for example, that Mary buys land from Bob. The contract of sale declares that Bob holds marketable title to the land. After paying Bob, Mary receives a letter from an attorney saying that a business called Lou's Used Cars holds a lien on the property because Bob is using it as collateral for a car loan.
The main factors in determining the value of a property are the selling price of other properties in the area, and the price at which the property in question was previously sold for. The advice of estate agents is invaluable in determining a property's estimated market value, and what its price tag should be.
PT - POINT, PART.
Factors in Calculation –Government Ready-Reckoner Rate – For calculating the valuation of the property, the first step will be to obtain Government ready-reckoner rate. ... Built-up Area – ... The floor on which property is situated – ... Depreciation – ... Parking Area – ... Terrace Area – ... Garden Area –
An investigator for the Department of Professional Regulation has been assigned to conduct an investigation based on a complaint filed against a licensee. What is the investigator allowed to do in connection with this matter?
Frank has no real estate license, but has been acting as a broker and collecting commissions for arranging sales transactions. If the department wishes to take action against this individual they may not issue a (an)
To obtain a Licensee and/or Advanced Licensee competency, you need to complete a Licensee and/or Advanced Licensee course through an approved training provider. Courses may be offered in a classroom, via virtual classroom or online. Find an approved training provider.
Advanced Licensee training is an additional course for those who may operate a business in a higher risk environment.
If you are a new licensee you will need to ensure you have completed an RSA course and obtained your RSA competency before you undertake your required licensee training.
Licensee (LT) and Advanced Licensee Training (ALT) The Licensee and Advanced Licensee training courses are for most licensees, approved managers and club secretaries, as you have greater responsibilities and obligations under the NSW liquor laws.
If you are an existing licensee, your RSA competency will automatically renew on completion of your licensee training.
If you are applying to transfer a liquor licence, you will need to complete the required Licensee and/or Advanced Licensee training no later than 60 days from receiving provisional approval.
Licensee training is a requirement for most licensees, approved managers and club secretaries: granted a new liquor licence or transfer of existing licence to another person or premises (from 1 September 2018) aligned to the renewal of your existing NSW competency card (from 1 April 2019).