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부동산

Chapter 22 Conclusion

2019.03.26 23:15 Views : 104

Chapter 22 Conclusion

This concludes Chapter 22. Below is a brief summary which you can review before you take your chapter quiz. 

Real estate brokerage involves the agency that is directed primarily toward the sale or managing of real property, FOR COMPENSATION.

A notary must be certain that the person personally appears and provides acceptable forms of identification. A notary public's journal include the right thumb print of a person signing a deed affecting real property. 

A real estate licensee must ALWAYS disclose to her principal any material fact the agent knows which will affect the principal's decisions in a transaction. 

A mobile home park with five or more lots for sale or lease is legally considered a subdivision.

To convert a mobile home into REAL PROPERTY:

  1. The mobile homeowner must obtain a building permit and a Certificate of Occupancy.
  2. The mobile home must be placed on a permanent foundation;
  3. A document stating that the mobile home has been attached to a permanent foundation must be RECORDED.

Legal requirements for mobile homes:

  1. Real estate licensees may sell USED (never NEW) mobile homes ifthese homes have already been registered and are on a lot or park.
  2. The mobile home MUST BE capable of being transported over a road.
  3. A notification must be made within 10 days of the sale date. Mobile homeowners must pay an In Lieu Tax

Real estate licensees may have their licenses suspended or revoked when not providing the property certificate of ownership of a mobile home; and other illegal acts.

A mobile home park landlord may terminate the tenant if the tenant doesn’t comply with state laws/mobile home park’s rules and regulations.

Mineral, oil, and gas subdivisions are those created for the sale, lease, or financing of 5 or more speculative parcels of land for mineral, oil, or gas purposes. A real estate licensee does not need a specialized license to work with MOG transactions.

real estate broker is considered a principal when:

  1. Buying/leasing mineral, oil or gas property for the purpose of exchange of a lease of the property;
  2. Offering mining claims, or any interest, for sale or assignment.
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2202
Notice 부동산 용어 (A to Z) 2019.03.03 1442
321 Real Estate Law 44 2019.05.09 99
320 Real Estate Law 63 2019.05.12 99
319 Real Estate Law 26 2019.05.07 100
318 Real Estate Law 55 2019.05.11 100
317 TEST 14 2019.03.07 101
316 Real Estate Law 42 2019.05.09 101
315 Real Estate Law 17 2019.05.06 103
314 Real Estate Law 50 2019.05.10 103
» Chapter 22 Conclusion 2019.03.26 104
312 Real Estate Practice - 28 (Understanding-Answers) 2019.04.26 104
311 Real Estate Law 13 2019.05.05 104
310 Real Estate Law 33 2019.05.08 104
309 Real Estate Law 45 2019.05.09 104
308 Real Estate Law 52 2019.05.10 104
307 Chapter 10 Conclusion 2019.04.16 105
306 Real Estate Law 23 2019.05.07 105
305 Real Estate Law 77 2019.05.13 105
304 accrued expenses 미지급비용 2019.05.15 105
303 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 106
302 Real Estate Law 37 2019.05.08 106
301 Real Estate Law 43 2019.05.09 106
300 TEST 15 2019.03.07 107
299 Real Estate Law 83 2019.05.15 107
298 Real Estate Law 85 2019.05.15 107
297 8645 Butte Circle Unit#601E, Huntington Beach, CA 92646 2021.12.05 107
296 CHAPTER 1 file 2019.02.27 108
295 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 108
294 Real Estate Law 20 2019.05.06 108
293 Real Estate Law 30 2019.05.07 108
292 Real Estate Law 46 2019.05.10 108