Jun 07

Massachusetts Auctioneer Examination

Massachusetts Auctioneer LICENSE Exam ExamFOCUS Study Notes & Review Questions 

In Massachusetts, matters related to auctioneer licensing is handling by the Massachusetts Division of Standards. The legal authority is the Massachusetts General Law, Chapter 100 Pertaining to the Licensing of Auctioneers. To earn a license, one must be 18 years old and pass an approved course of study. He/she must also pass a written exam, post $10,000 bond and pay a $100 license fee.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
AT THE STATE LEVEL 5
AT THE NATIONAL LEVEL 7
THE AUCTION BUSINESS 18
BASIC DEFINITIONS 18
THE OVERALL BUSINESS ENTITY REQUIREMENTS 20
INSURANCE AND BOND 22
BASIC MATH AND ACCOUNTING 23
THE ACCRUAL PRINCIPLE 25
THE HISTORICAL COST PRINCIPLE 26
THE CONSISTENCY PRINCIPLE 26
THE PRUDENCE PRINCIPLE 26
THE MATERIALITY PRINCIPLE 27
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 27
THE SEPARATE LEGAL ENTITY CONCEPT 29
THE CONSERVATIVE PRINCIPLE 29
THE GOING CONCERN CONCEPT 30
THE ACCOUNTING EQUATION 30
BOOKKEEPING METHODS 31
THE BOOKKEEPING CYCLE 31
DEBITS AND CREDITS 32
RECORDING AND POSTING TRANSACTIONS 34
GENERAL LEDGER VS GENERAL JOURNAL 36
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 37
TRIAL BALANCE AND THE CORRECTION OF ERRORS 38
BANK RECONCILIATION 39
CLOSING JOURNAL ENTRIES 42
SOURCE DOCUMENTS 43
THE TRUST/ESCROW ACCOUNT 43
RECORD KEEPING 45
BUSINESS CONTRACT LEGAL ELEMENTS 50
SOURCE OF LAW 51
THE STATUTE OF FRAUD 52
CONTRACT TYPES 54
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 55
CONSIDERATION 58
DISCHARGING OR INVALIDATING A CONTRACT 60
BREACH OF CONTRACT 63
POSSIBLE DEFENSES 65
DAMAGE RECOVERY 66
MEASURING DAMAGES 67
THE EXPECTATION MEASURE 67
RELIANCE INTEREST 68
RESTITUTION 69
LIMITATIONS 69
SATISFACTION CLAUSE 70
AGENCY RELATIONSHIP 70
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 72
THE AUCTION CONTRACTS 75
CONTRACT LAW POINTS TO NOTE 77
ADR 82
FRAUDS 84
MISREPRESENTATION 86
SOME IMPORTANT TERMS OF THE UCC 91
OVERVIEW 91
SOME IMPORTANT PROVISIONS OF ARTICLE 1 102
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 104
AUCTION SALE AND BULK TRANSFER 111
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 115
CLASSIFICATIONS OF REAL PROPERTY 115
CERTIFICATE OF OCCUPANCY 117
TYPES OF DEED 117
TYPICAL TERMS OF THE DEED 119
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 120
MORTGAGE AND LOANS AND THE DEED OF TRUST 123
EXECUTION, ACKNOWLEDGMENTS AND FILING 127
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 127
ZONING 129
EGRESS AND FIRE CODES 131
INVESTMENT PROPERTY AND PROPERTY CYCLE 131
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 132
PROPERTY TAXES 134
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 135

 

Everything Massachusetts from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

 

Jun 07

Maine Auctioneer Examination

Maine Auctioneer LICENSE Exam ExamFOCUS Study Notes & Review Questions 

The Board of Licensing of Auctioneers administers auctioneer licensing in Maine. Auctioneer is defined by law as a person licensed by the Department of Professional and Financial Regulation to conduct, advertise or offer services to conduct auctions of real, personal or mixed property. All applicants must be at least eighteen years old. To qualify for an auctioneer license, one must pass the Board’s licensing examination covering the Board’s laws and rules. Also, the license is valid for one year. To renew, one is required to furnish a copy of a surety bond in the amount of $10,000 that will remain in effect for the duration of the renewed license term.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
STATE SPECIFIC 5
AT THE NATIONAL LEVEL 7
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 21
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 25
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 28
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 29
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 41
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 48
SOURCE OF LAW 49
THE STATUTE OF FRAUD 50
CONTRACT TYPES 52
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 53
CONSIDERATION 56
DISCHARGING OR INVALIDATING A CONTRACT 58
BREACH OF CONTRACT 61
POSSIBLE DEFENSES 63
DAMAGE RECOVERY 64
MEASURING DAMAGES 65
THE EXPECTATION MEASURE 65
RELIANCE INTEREST 66
RESTITUTION 67
LIMITATIONS 67
SATISFACTION CLAUSE 68
AGENCY RELATIONSHIP 68
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 70
THE AUCTION CONTRACTS 73
CONTRACT LAW POINTS TO NOTE 75
ADR 80
FRAUDS 82
MISREPRESENTATION 84
SOME IMPORTANT TERMS OF THE UCC 89
OVERVIEW 89
SOME IMPORTANT PROVISIONS OF ARTICLE 1 100
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 102
AUCTION SALE AND BULK TRANSFER 109
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 113
CLASSIFICATIONS OF REAL PROPERTY 113
CERTIFICATE OF OCCUPANCY 115
TYPES OF DEED 115
TYPICAL TERMS OF THE DEED 117
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 118
MORTGAGE AND LOANS AND THE DEED OF TRUST 121
EXECUTION, ACKNOWLEDGMENTS AND FILING 125
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 125
ZONING 127
EGRESS AND FIRE CODES 129
INVESTMENT PROPERTY AND PROPERTY CYCLE 129
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 130
PROPERTY TAXES 132
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 133

 

Everything Maine from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

 

Jun 07

LOUISIANA Auctioneer Examination

LOUISIANA Auctioneer LICENSURE Examination ExamFOCUS Study Notes & Review Questions 

In Louisiana it is the Louisiana Auctioneers Licensing Board that administers licensing. According to the Legislature of Louisiana, licensure of qualified auctioneers and auction houses is in the best interest of the public and can contribute to the safety, health, and property of people in the transfer of property by auction. To meet the basic auctioneer licensing requirements one must be at least 18 years of age and be a US citizen or legal resident. He must also completed a course of auctioneering at an approved auction school OR that is on the list of approved schools completed a one year apprenticeship with a Louisiana licensed auctioneer. Applicants who are residents, apprentices and non-residents must sit for the examination.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
AT THE STATE LEVEL 5
AT THE NATIONAL LEVEL 6
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 22
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 26
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 29
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 30
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 42
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 49
SOURCE OF LAW 50
THE STATUTE OF FRAUD 51
CONTRACT TYPES 53
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 54
CONSIDERATION 57
DISCHARGING OR INVALIDATING A CONTRACT 59
BREACH OF CONTRACT 62
POSSIBLE DEFENSES 64
DAMAGE RECOVERY 65
MEASURING DAMAGES 66
THE EXPECTATION MEASURE 66
RELIANCE INTEREST 67
RESTITUTION 68
LIMITATIONS 68
SATISFACTION CLAUSE 69
AGENCY RELATIONSHIP 69
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 71
THE AUCTION CONTRACTS 74
CONTRACT LAW POINTS TO NOTE 76
ADR 81
FRAUDS 83
MISREPRESENTATION 85
SOME IMPORTANT TERMS OF THE UCC 90
OVERVIEW 90
SOME IMPORTANT PROVISIONS OF ARTICLE 1 101
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 103
AUCTION SALE AND BULK TRANSFER 110
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 114
CLASSIFICATIONS OF REAL PROPERTY 114
CERTIFICATE OF OCCUPANCY 116
TYPES OF DEED 116
TYPICAL TERMS OF THE DEED 118
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 119
MORTGAGE AND LOANS AND THE DEED OF TRUST 122
EXECUTION, ACKNOWLEDGMENTS AND FILING 126
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 126
ZONING 128
EGRESS AND FIRE CODES 130
INVESTMENT PROPERTY AND PROPERTY CYCLE 130
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 131
PROPERTY TAXES 133
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 134

 

Everything Louisiana from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

 

Jun 07

Indiana Auctioneer Examination

Indiana Auctioneer LICENSE Examination ExamFOCUS Study Notes & Review Questions 

In Indiana it is the Indiana Auctioneer Commission that administers auctioneer licensing. Pursuant to Indiana law, an examination applicant must first complete 80 hours of auction instruction from a pre-course provider. The exam takes place every odd month at the Indiana Government Center South. It begins at 8:30 a.m. and ends at 12:30 p.m. After obtaining a license, one must still complete 16 hours of continuing education from an approval provider in order to renew the license.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
STATE SPECIFIC 5
AT THE NATIONAL LEVEL 6
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 22
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 26
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 29
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 30
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 42
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 49
SOURCE OF LAW 50
THE STATUTE OF FRAUD 51
CONTRACT TYPES 53
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 54
CONSIDERATION 57
DISCHARGING OR INVALIDATING A CONTRACT 59
BREACH OF CONTRACT 62
POSSIBLE DEFENSES 64
DAMAGE RECOVERY 65
MEASURING DAMAGES 66
THE EXPECTATION MEASURE 66
RELIANCE INTEREST 67
RESTITUTION 68
LIMITATIONS 68
SATISFACTION CLAUSE 69
AGENCY RELATIONSHIP 69
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 71
THE AUCTION CONTRACTS 74
CONTRACT LAW POINTS TO NOTE 76
ADR 81
FRAUDS 83
MISREPRESENTATION 85
SOME IMPORTANT TERMS OF THE UCC 90
OVERVIEW 90
SOME IMPORTANT PROVISIONS OF ARTICLE 1 101
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 103
AUCTION SALE AND BULK TRANSFER 110
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 114
CLASSIFICATIONS OF REAL PROPERTY 114
CERTIFICATE OF OCCUPANCY 116
TYPES OF DEED 116
TYPICAL TERMS OF THE DEED 118
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 119
MORTGAGE AND LOANS AND THE DEED OF TRUST 122
EXECUTION, ACKNOWLEDGMENTS AND FILING 126
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 126
ZONING 128
EGRESS AND FIRE CODES 130
INVESTMENT PROPERTY AND PROPERTY CYCLE 130
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 131
PROPERTY TAXES 133
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 134

 

Everything Indiana from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b
 

 

Jun 07

Illinois Auctioneer Examination

Illinois Auctioneer LICENSURE Examination ExamFOCUS Study Notes & Review Questions 

In Illinois it is the Division of Professional Regulation DPR and the Auction Advisory Board that administer auctioneer licensing. according to the Auction License Act [225 ILCS 407/5-10] an auction license is necessary if a person or entity who, for another, for a fee, compensation, commission, or any other valuable consideration at auction or with the intention or expectation of receiving valuable consideration by the means of or process of an auction or sale at auction or providing an auction service, offers, negotiates, or attempts to negotiate an auction contract, sale, purchase, or exchange of goods, chattels, merchandise, personal property, real property, or any commodity that may be lawfully kept or offered for sale by or at auction. An auctioneer may be self-sponsored or may be sponsored by another licensed auctioneer or auction firm. However, he/she must be at least 18 year of age, have attained a high school diploma or equivalent, and have personally passed an examination in order to earn the license.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios.

An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 5
ACTS AND REGULATIONS 6
AT THE STATE LEVEL 6
AT THE NATIONAL LEVEL 8
THE AUCTION BUSINESS 19
BASIC DEFINITIONS 19
THE OVERALL BUSINESS ENTITY REQUIREMENTS 21
INSURANCE AND BOND 23
BASIC MATH AND ACCOUNTING 24
THE ACCRUAL PRINCIPLE 26
THE HISTORICAL COST PRINCIPLE 27
THE CONSISTENCY PRINCIPLE 27
THE PRUDENCE PRINCIPLE 28
THE MATERIALITY PRINCIPLE 28
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 28
THE SEPARATE LEGAL ENTITY CONCEPT 30
THE CONSERVATIVE PRINCIPLE 30
THE GOING CONCERN CONCEPT 31
THE ACCOUNTING EQUATION 31
BOOKKEEPING METHODS 32
THE BOOKKEEPING CYCLE 32
DEBITS AND CREDITS 33
RECORDING AND POSTING TRANSACTIONS 35
GENERAL LEDGER VS GENERAL JOURNAL 37
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 38
TRIAL BALANCE AND THE CORRECTION OF ERRORS 39
BANK RECONCILIATION 40
CLOSING JOURNAL ENTRIES 43
SOURCE DOCUMENTS 43
THE TRUST/ESCROW ACCOUNT 44
RECORD KEEPING 46
BUSINESS CONTRACT LEGAL ELEMENTS 50
SOURCE OF LAW 51
THE STATUTE OF FRAUD 52
CONTRACT TYPES 54
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 55
CONSIDERATION 58
DISCHARGING OR INVALIDATING A CONTRACT 59
BREACH OF CONTRACT 63
POSSIBLE DEFENSES 65
DAMAGE RECOVERY 65
MEASURING DAMAGES 67
THE EXPECTATION MEASURE 67
RELIANCE INTEREST 68
RESTITUTION 68
LIMITATIONS 69
SATISFACTION CLAUSE 69
AGENCY RELATIONSHIP 70
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 72
THE AUCTION CONTRACTS 75
CONTRACT LAW POINTS TO NOTE 76
ADR 82
FRAUDS 84
MISREPRESENTATION 86
SOME IMPORTANT TERMS OF THE UCC 91
OVERVIEW 91
SOME IMPORTANT PROVISIONS OF ARTICLE 1 102
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 104
AUCTION SALE AND BULK TRANSFER 111
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 115
CLASSIFICATIONS OF REAL PROPERTY 115
CERTIFICATE OF OCCUPANCY 117
TYPES OF DEED 117
TYPICAL TERMS OF THE DEED 119
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 120
MORTGAGE AND LOANS AND THE DEED OF TRUST 123
EXECUTION, ACKNOWLEDGMENTS AND FILING 127
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 127
ZONING 129
EGRESS AND FIRE CODES 131
INVESTMENT PROPERTY AND PROPERTY CYCLE 131
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 132
PROPERTY TAXES 134
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 135

Everything Illinois from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

 

Jun 07

Kentucky Auctioneer Examination

Kentucky Auctioneer LICENSURE Examination ExamFOCUS Study Notes & Review Questions 

The Kentucky Board of Auctioneers was created in 1962 for protecting the public through licensing and regulating auctioneers, apprentice auctioneers, auction house operators and limited livestock auctioneers. The auctioneers examinations are designed to ensure a minimum level of competence for licensees. topics are included which cover auction law, general auction practice, professional ethics, terminology, mathematics, sales tax, plus common areas and auction types that are most common today.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
AT THE STATE LEVEL 5
AT THE NATIONAL LEVEL 7
THE AUCTION BUSINESS 19
BASIC DEFINITIONS 19
THE OVERALL BUSINESS ENTITY REQUIREMENTS 21
INSURANCE AND BOND 23
BASIC MATH AND ACCOUNTING 24
THE ACCRUAL PRINCIPLE 26
THE HISTORICAL COST PRINCIPLE 27
THE CONSISTENCY PRINCIPLE 27
THE PRUDENCE PRINCIPLE 27
THE MATERIALITY PRINCIPLE 28
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 28
THE SEPARATE LEGAL ENTITY CONCEPT 30
THE CONSERVATIVE PRINCIPLE 30
THE GOING CONCERN CONCEPT 31
THE ACCOUNTING EQUATION 31
BOOKKEEPING METHODS 32
THE BOOKKEEPING CYCLE 32
DEBITS AND CREDITS 33
RECORDING AND POSTING TRANSACTIONS 35
GENERAL LEDGER VS GENERAL JOURNAL 37
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 38
TRIAL BALANCE AND THE CORRECTION OF ERRORS 39
BANK RECONCILIATION 40
CLOSING JOURNAL ENTRIES 43
SOURCE DOCUMENTS 44
THE TRUST/ESCROW ACCOUNT 44
RECORD KEEPING 46
BUSINESS CONTRACT LEGAL ELEMENTS 51
SOURCE OF LAW 52
THE STATUTE OF FRAUD 53
CONTRACT TYPES 55
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 56
CONSIDERATION 59
DISCHARGING OR INVALIDATING A CONTRACT 61
BREACH OF CONTRACT 64
POSSIBLE DEFENSES 66
DAMAGE RECOVERY 67
MEASURING DAMAGES 68
THE EXPECTATION MEASURE 68
RELIANCE INTEREST 69
RESTITUTION 70
LIMITATIONS 70
SATISFACTION CLAUSE 71
AGENCY RELATIONSHIP 71
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 73
THE AUCTION CONTRACTS 76
CONTRACT LAW POINTS TO NOTE 78
ADR 83
FRAUDS 85
MISREPRESENTATION 87
SOME IMPORTANT TERMS OF THE UCC 92
OVERVIEW 92
SOME IMPORTANT PROVISIONS OF ARTICLE 1 103
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 105
AUCTION SALE AND BULK TRANSFER 112
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 116
CLASSIFICATIONS OF REAL PROPERTY 116
CERTIFICATE OF OCCUPANCY 118
TYPES OF DEED 118
TYPICAL TERMS OF THE DEED 120
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 121
MORTGAGE AND LOANS AND THE DEED OF TRUST 124
EXECUTION, ACKNOWLEDGMENTS AND FILING 128
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 128
ZONING 130
EGRESS AND FIRE CODES 132
INVESTMENT PROPERTY AND PROPERTY CYCLE 132
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 133
PROPERTY TAXES 135
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 136

 

Everything Kentucky from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

 

Jun 07

Georgia Auctioneer Examination

Georgia Auctioneer LICENSURE Examination ExamFOCUS Study Notes & Review Questions 

In GA, the Georgia Auctioneers Commission has the authority to regulate the issuance of licenses, to revoke or suspend licenses issued and to censure licenses for violation of the law and regulations in GA. Any person desiring to act as an auctioneer must first meet the requirements of the law and rules and be licensed with the Commission. Applicants for auctioneer license must be at least 18 years of age, must have a high school diploma from an accredited high school or GED certificate, and must have graduated from an
approved auctioneer school. The GA Auctioneer Laws & Rules Exam is administered by PSI.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1

PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
STATE SPECIFIC 5
AT THE NATIONAL LEVEL 6
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 21
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 25
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 28
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 29
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 41
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 48
SOURCE OF LAW 49
THE STATUTE OF FRAUD 50
CONTRACT TYPES 52
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 53
CONSIDERATION 56
DISCHARGING OR INVALIDATING A CONTRACT 57
BREACH OF CONTRACT 61
POSSIBLE DEFENSES 63
DAMAGE RECOVERY 63
MEASURING DAMAGES 65
THE EXPECTATION MEASURE 65
RELIANCE INTEREST 66
RESTITUTION 66
LIMITATIONS 67
SATISFACTION CLAUSE 67
AGENCY RELATIONSHIP 68
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 70
THE AUCTION CONTRACTS 73
CONTRACT LAW POINTS TO NOTE 74
ADR 80
FRAUDS 82
MISREPRESENTATION 84
SOME IMPORTANT TERMS OF THE UCC 89
OVERVIEW 89
SOME IMPORTANT PROVISIONS OF ARTICLE 1 100
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 102
AUCTION SALE AND BULK TRANSFER 109
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 113
CLASSIFICATIONS OF REAL PROPERTY 113
CERTIFICATE OF OCCUPANCY 115
TYPES OF DEED 115
TYPICAL TERMS OF THE DEED 117
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 118
MORTGAGE AND LOANS AND THE DEED OF TRUST 121
EXECUTION, ACKNOWLEDGMENTS AND FILING 125
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 125
ZONING 127
EGRESS AND FIRE CODES 129
INVESTMENT PROPERTY AND PROPERTY CYCLE 129
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 130
PROPERTY TAXES 132
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 133

 

Everything Georgia from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

Jun 07

Florida Auctioneer Examination

Florida Auctioneer LICENSE Exam ExamFOCUS Study Notes & Review Questions 

In FL, the Board of Auctioneers is responsible for licensing and regulating auctioneers. On the other hand, the Bureau of Education and Testing is responsible for examination development, administration, review and grading. The examination has 5) questions covering 7 subject matter areas. The time allotted is exactly one hour.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
AT THE STATE LEVEL 5
AT THE NATIONAL LEVEL 6
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 22
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 26
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 29
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 30
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 42
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 49
SOURCE OF LAW 50
THE STATUTE OF FRAUD 51
CONTRACT TYPES 53
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 54
CONSIDERATION 57
DISCHARGING OR INVALIDATING A CONTRACT 59
BREACH OF CONTRACT 62
POSSIBLE DEFENSES 64
DAMAGE RECOVERY 65
MEASURING DAMAGES 66
THE EXPECTATION MEASURE 66
RELIANCE INTEREST 67
RESTITUTION 68
LIMITATIONS 68
SATISFACTION CLAUSE 69
AGENCY RELATIONSHIP 69
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 71
THE AUCTION CONTRACTS 74
CONTRACT LAW POINTS TO NOTE 76
ADR 81
FRAUDS 83
MISREPRESENTATION 85
SOME IMPORTANT TERMS OF THE UCC 90
OVERVIEW 90
SOME IMPORTANT PROVISIONS OF ARTICLE 1 101
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 103
AUCTION SALE AND BULK TRANSFER 110
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 114
CLASSIFICATIONS OF REAL PROPERTY 114
CERTIFICATE OF OCCUPANCY 116
TYPES OF DEED 116
TYPICAL TERMS OF THE DEED 118
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 119
MORTGAGE AND LOANS AND THE DEED OF TRUST 122
EXECUTION, ACKNOWLEDGMENTS AND FILING 126
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 126
ZONING 128
EGRESS AND FIRE CODES 130
INVESTMENT PROPERTY AND PROPERTY CYCLE 130
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 131
PROPERTY TAXES 133
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 134

 

Everything Florida from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

Jun 07

Arkansas Auctioneer Examination

Arkansas Auctioneer LICENSE Examination ExamFOCUS Study Notes & Review Questions 

In Arkansas it is the AALB that defines and regulates the profession of auctioneers and auction house owners. It prescribes the qualifications of the licensee and also provides a means to impose penalties against those licensees found to be in violation against the public. According to the law in Arkansas, no one engaged in the business of an auctioneer can receive compensation for any services permitted as an auctioneer without first proving that he is a duly licensed auctioneer.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

 

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS 5
AT THE STATE LEVEL 5
AT THE NATIONAL LEVEL 6
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 22
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 26
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 29
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 30
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 42
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 44
BUSINESS CONTRACT LEGAL ELEMENTS 49
SOURCE OF LAW 50
THE STATUTE OF FRAUD 51
CONTRACT TYPES 53
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 54
CONSIDERATION 57
DISCHARGING OR INVALIDATING A CONTRACT 59
BREACH OF CONTRACT 62
POSSIBLE DEFENSES 64
DAMAGE RECOVERY 65
MEASURING DAMAGES 66
THE EXPECTATION MEASURE 66
RELIANCE INTEREST 67
RESTITUTION 68
LIMITATIONS 68
SATISFACTION CLAUSE 69
AGENCY RELATIONSHIP 69
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 71
THE AUCTION CONTRACTS 74
CONTRACT LAW POINTS TO NOTE 76
ADR 81
FRAUDS 83
MISREPRESENTATION 85
SOME IMPORTANT TERMS OF THE UCC 90
OVERVIEW 90
SOME IMPORTANT PROVISIONS OF ARTICLE 1 101
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 103
AUCTION SALE AND BULK TRANSFER 110
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 114
CLASSIFICATIONS OF REAL PROPERTY 114
CERTIFICATE OF OCCUPANCY 116
TYPES OF DEED 116
TYPICAL TERMS OF THE DEED 118
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 119
MORTGAGE AND LOANS AND THE DEED OF TRUST 122
EXECUTION, ACKNOWLEDGMENTS AND FILING 126
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 126
ZONING 128
EGRESS AND FIRE CODES 130
INVESTMENT PROPERTY AND PROPERTY CYCLE 130
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 131
PROPERTY TAXES 133
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 134

 

Everything Arkansas from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b

Jun 07

Alabama Auctioneer Examination

Alabama Auctioneer LICENSURE Examination ExamFOCUS Study Notes & Review Questions 

In Alabama, the Alabama Auction Law has rules and regulations that set forth by the ASBA. All auctioneer candidates seeking a license have to contact the licensing board and register to take the closed book auctioneer examination, which requires a passing score of 73%. The Auctioneer Apprentice examination, on the other hand, requires a passing score of 71% only. In any case, candidates are allotted 2 hours to complete the exam.

We give you knowledge information relevant to the exam specification. To be able to succeed in the real exam, you’ll need to apply your earned knowledge to the question scenarios. Many of the exam questions are written to be less straight forward. They tend to be framed within the context of short scenarios. An advice: Do NOT rely on a single source for exam preparation. To secure exam success, always use multiple sources and read as much as possible!

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
PAGE FORMATTING AND TYPEFACE 2
PREFACE FOR CANDIDATES 4
ACTS AND REGULATIONS AT THE NATIONAL LEVEL 5
STATE SPECIFIC 5
NATIONAL LEVEL 7
THE AUCTION BUSINESS 17
BASIC DEFINITIONS 17
THE OVERALL BUSINESS ENTITY REQUIREMENTS 19
INSURANCE AND BOND 21
BASIC MATH AND ACCOUNTING 21
THE ACCRUAL PRINCIPLE 24
THE HISTORICAL COST PRINCIPLE 25
THE CONSISTENCY PRINCIPLE 25
THE PRUDENCE PRINCIPLE 25
THE MATERIALITY PRINCIPLE 25
THE MATCHING PRINCIPLE, THE TRIAL BALANCE AND THE RELATED ADJUSTMENTS 26
THE SEPARATE LEGAL ENTITY CONCEPT 28
THE CONSERVATIVE PRINCIPLE 28
THE GOING CONCERN CONCEPT 28
THE ACCOUNTING EQUATION 29
BOOKKEEPING METHODS 29
THE BOOKKEEPING CYCLE 30
DEBITS AND CREDITS 31
RECORDING AND POSTING TRANSACTIONS 33
GENERAL LEDGER VS GENERAL JOURNAL 35
TRIAL BALANCE AND THE NEEDS/PATTERNS OF ADJUSTMENT 36
TRIAL BALANCE AND THE CORRECTION OF ERRORS 37
BANK RECONCILIATION 38
CLOSING JOURNAL ENTRIES 41
SOURCE DOCUMENTS 41
THE TRUST/ESCROW ACCOUNT 42
RECORD KEEPING 43
BUSINESS CONTRACT LEGAL ELEMENTS 48
SOURCE OF LAW 49
THE STATUTE OF FRAUD 50
CONTRACT TYPES 52
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 53
CONSIDERATION 56
DISCHARGING OR INVALIDATING A CONTRACT 58
BREACH OF CONTRACT 61
POSSIBLE DEFENSES 63
DAMAGE RECOVERY 64
MEASURING DAMAGES 65
THE EXPECTATION MEASURE 65
RELIANCE INTEREST 66
RESTITUTION 67
LIMITATIONS 67
SATISFACTION CLAUSE 68
AGENCY RELATIONSHIP 68
AGENCY RELATIONSHIP AND ETHICS IN THE AUCTION BUSINESS 70
THE AUCTION CONTRACTS 73
CONTRACT LAW POINTS TO NOTE 75
ADR 80
FRAUDS 82
MISREPRESENTATION 84
SOME IMPORTANT TERMS OF THE UCC 89
OVERVIEW 89
SOME IMPORTANT PROVISIONS OF ARTICLE 1 100
SOME IMPORTANT PROVISIONS OF ARTICLE 2 AND 2A 102
AUCTION SALE AND BULK TRANSFER 109
BASIC KNOWLEDGE ON REAL ESTATE PROPERTY TRANSACTION 113
CLASSIFICATIONS OF REAL PROPERTY 113
CERTIFICATE OF OCCUPANCY 115
TYPES OF DEED 115
TYPICAL TERMS OF THE DEED 117
TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT 118
MORTGAGE AND LOANS AND THE DEED OF TRUST 122
EXECUTION, ACKNOWLEDGMENTS AND FILING 125
QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT 125
ZONING 127
EGRESS AND FIRE CODES 129
INVESTMENT PROPERTY AND PROPERTY CYCLE 129
PROPERTY APPRAISAL, CMA AND OTHER APPROACHES 130
PROPERTY TAXES 132
NON-JUDICIAL FORECLOSURE AND POWER OF SALE FORECLOSURE 133

Everything Alabama from us can be ordered via this link: https://www.amazon.com/s?k=alabama&i=stripbooks&rh=p_27%3AExamreview&s=relevanceexprank&Adv-Srch-Books-Submit.x=36&Adv-Srch-Books-Submit.y=10&field-dateop=During&unfiltered=1&ref=sr_adv_b