License Examination
Definition of "License examination"
Formal written examination given in every state to those people being the age of majority and qualifying to be a real estate salesperson or broker. The examination can consist of multiple choice, fill-in, or essay questions on general matters concerning the real estate law, practices, and profession as well as mathematics and general logic. Upon successfully passing the examination, the individual will receive a real estate salesperson or brokers license depending on the type of examination taken and the applicant's qualifications.
Popular Real Estate Terms
Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...
Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...
(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...
An official indicating intensity of land use in a zoned urban area. ...
Cancellation of a contract such as when a real estate agreement is deemed illegal. ...
Window normally mounted on hinges in a window casing. It swings outward to open. ...
Barrel, reservoir, or tank for storing rain runoff. ...
Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...
Will not meeting all the requirements of a valid will. ...
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