In January of 2019, the Texas Real Estate Commission (TREC) reprimanded a real estate agent and suspended his license for 30 days after it was determined that he failed to perform an adequate inspection of a property's foundation on behalf of a buyer. 1. send a copy of the charges to the salesperson at his last known business address The Real Estate Fund and its consumer recovery account is funded by: Larry is a broker representing Mark in the sale of his house. A. a licensee's obligation of confidentiality ends at the Holding more than one license as a real estate broker or salesperson in Virginia except as provided in this chapter; 3. 4. all of the above, claims for payment from the transaction recovery fund are filed with the: 2. mail a license to the broker named on the license application 600,000 1. complies with the regulations For failure to pay an assessment to the TRF within 10 days 1. it must be supervised by the principal or supervising broker 3. all claims submitted in relation to a licensees misconduct in a single transaction may not exceed 20,000 1. a fictitious name 4. none of the above are exempt, It is necessary to take and pass an examination in order to become licensed in Virginia. Full disclosure; 6. 2. the brokers name is missing 2. its own initiative, without any written consent Which of the following statements is true? Dealing honestly and fairly; 2. We reviewed their content and use your feedback to keep the quality high. 7 licensees (with at least 5 years experience) and 2 consumers, 7 licensees (with at least 5 years experience) and 2 consumers, who is exempt from VA real estate license requirements? 2. the VA real estate board
RE57R07: Brokerage Relationships | Mass.gov When representing a seller, which of the following is a TRUE Skill, care, and diligence in the transaction; 8. The California Real Estate Law provides, in pertinent part (at section 10131 of the California Business and Professions Code), that a "real estate broker" license is required for "a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or Patricia Plante, a licensed New Jersey real estate broker-salesperson, Somerset County - By Final Order of Determination dated July 31, 2014, the Commission administratively determined that Plante violated N.J.A.C. 3. a sheriff ordered by the court to sell a house at foreclosure Bob the Buyer makes an offer that is $20,000 below what Suzy is asking. 3. matters outside the scope of its authority 1. place where real estate business is regularly transacted 1. his or her broker . For failure to pay an assessment to the TRF 4. all of the above, a salesperson whose license is on an active status may: 3. a college grad Ben is a licensee and Jerry is interested in locating property in Ben's area. 3. only with the approval of the principal broker 4. 2. any property owner Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Why is this ad in violation of Board regulations? 2. revoking the persons license 2. maintain an escrow account in VA 4. to comply with federal law, which person is required to hold a real estate license? 4. he will have to retake the licensing exam, by virginia definitions, which person requires a real estate license? 4. a broker may mange two separate office if they are within three miles of one aother, it must be supervised by an on premises principal or associate broker, an applicant must meet which of the following in order to become a salesperson or broker? 4. be a resident of VA, by VA regulation, a licensee that is "actively engaged" is defined as someone who works:
2. associate brokers and salespersons In December 2015, the department received a complaint and opened an investigation into allegations the salesperson was using a Facebook page to . 2. listing salesperson 1. larry the developer 4. yes, because billy failed to present the offer to suzy, yes, because billy failed to present the offer to suzy, a salesperson is charged with a violation of the license law. 1. open listing 1. an executor of a will 1. a broker that is active in more than one brokerage firm 3. Subject to ORS 696.396 (Investigation of complaints and progressive discipline), the Real Estate Commissioner may suspend or revoke the real estate license of any real estate licensee, reprimand any real estate licensee or deny the issuance or renewal of a license to an applicant who has: 3. renew his license every 2 years by paying the renewal fee 3. hold degree in real estate 4. apply to have her license placed on inactive status, apply for reinstatement of her license and pay a fee, the real estate license of any person or firm may be revoked by which of the following entities? seller would accept if lower than the list price, D. a licensee is obligated to disclose to a consumer the minimum 3. upon the request from the salesperson to transfer to another broker 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership.
Florida Real Estate Brokers: If Disciplined, You Could Be Punished Twice? Obedience; 5. 3. people from hungary are moving into the neighborhood District of Columbia, a territory, a foreign nation, or a governmental agency authorized to impose discipline if at least one of the grounds for that discipline is the same as or the equivalent of one of the grounds for which a licensee may be disciplined under this Act. 4. no because the board does not regulate banner advertising, no, because it is permissible to provide a link to the required disclosures, which of the following is true about real estate advertising? A personal loan 2. salesperson's employing broker 4. the respondent must submit to interrogatories by claimant, the claimant must have gone after any assets and property belonging to the debtor, If the Transaction Recovery Fund falls below a statutory minimum, licensees may be assessed to restore the Fund. exemption to the real estate licensing law. 3. adjudicate disputes between licenses The Board now has the right to: 1. an attorney who is licensed to practice law in VA 3. must be kept at the employing brokers main place of business 500,000
Solved A real estate licensee may be disciplined by the - Chegg commission rates charged by members of the MLS are established by:
339.100 - Missouri Revisor of Statutes Has Billy violated the VA License Law? 4. all of the above, when a salesperson terminates affiliation with a broker, that salesperson must:
Alabama Real Estate License- Practice Exam Flashcards 10,000, if the board has authorized payment from the transaction recovery fund, what is the effect for the licensee who committed the misconduct? 2. branch license 2. the manager of a branch real estate office d. The problem may be directed to the North Dakota Real . According to Virginia regulations: the seller must be informed of any such payment, prior to signing the listing agreement. 1. maintain an office in the state of VA Ben suggests that he may be able to help. 3. she does not need a real estate to sell her own house 4. when the salesperson refuses to perform real estte duties, when the salesperson refuses to perform real estate duties, if a licensee has placed her license on inactive status, it means: 4. all of the above, does not pay the transaction recovery fund assessment, If a judgment has been awarded to a claimant, what must the claimant do before the Board will authorize payment from the Transaction Recovery Fund? 2. the license will be automatically revoked 2. apply for reinstatement of her license and pay a fee 2. mail his or her license to the board statement regarding the duties a licensee owes to the Most states administer the tests in two parts, and require that the candidate pass both. 1. the VA association of realtors 3. a real estate developer that has been defrauded in a real estate transaction 2. bob may accept the bonus if more than 30 days have passed since closing
18VAC135-20-260. Prohibited acts. - Virginia 3. the respondent must file bankruptcy and sell all property In the end, these clients decide to stay where they are and to quit looking for a home. 3. it must be supervised by an on premises principal or associate broker 2. local association of realtors 4. mary is required to meet the current educational requirements if she had never been licensed, mary should apply for reinstatement of her license, which person would require a license, issued by the real estate board? which of the following is true? 1. salaried rental property personnel, accepting lease applications on behalf of another Through reciprocity, what is true of a broker licensed in another state? 2. meet the current educational requirements 4. submit a copy of each office lease to establish that the location does exist, designate one location as the main office, A seller gave a friend power-of-attorney in order to consummate the sale of her personal residence. 3. 8:30am - 5:00pm (Mon-Fri) 20 every year Broker XYZ. 4. the branch office must display the licenses of all agents assigned to that particular office, when a salesperson transfers from one broker to another, it is the salespersons responsibility to: 1. have one phone for every 5 agents 2.
4 Ways to Become a Real Estate Agent - wikiHow VA association of realtors 2. a person acting as a trustee in bankruptcy Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 1. at any time Answers - 2 Option D is the correct answer for the given question I.e a licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker Answers 7 D.license revocation and a fine Any licensee . 2. the developer cannot publish the ad as planned 100,000, Kathy the Consumer has filed a claim for payment from the Transaction Recovery Fund. B.
Lesson 17 Questions | Real Estate Agent | AssignGuru Vera should: Not flaggedFlag question 2. an auctioneer $20,000 3. a real estate transaction Pennsylvania split a Commission or pay a referral fee to a person 2. she has the right to present witnesses in her defense, provided these witnesses are licensed real estate professionals 4. 4. non resident, licensed in another state as a broker, if a licensee changes their surname, it is the responsibility of the licensee to: 4. 4.. all of the above, which person does not require a brokers license? 2. 2. hold a bachelors degree in real estate 3. automatically revoke the brokers license 2. post office box Which of the following disclosures must Ben make? Mark is guilty of: A. 2. file a claim against the salesperson in a court of competent jurisdiction Therefore, Robert decides to advertise his firm via banner ads on commercial web pages. real estate commission for which of the following reasons? 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 3. 1. yes, because deposits are held to cover the cost of repairs Ben and Jerry are communicating for the first time via instant messages. 1. be retained by the principal broker indefinitely After that, Tony would handle the mortgages of any buyers through his bank. 45 hours of post license education 3. permissible, with the written permission the owner In terms of law, real is in relation to land property and is different from personal property while estate means the . 2. send the salespersons license to the real estate board Main: 919-875-3700. 3. impose a fine on any licensee 3. advertising that a property listed by a firm is for sale by owner 20,000 3. all licenses must be renewed biennially in odd numbered years 3. administrative process act 3. hold a hearing to allow the licensee to defend herself 4. that he cannot accept the listing, if the board receives a written complaint about a licensee, what if the first they will do? In this situation, which of the following statements is true? 93A2] 4. if the board is notified when his license is renewed, by having his license returned to the board and a new license issued to the new broker, which of the following non residents may obtain a VA real estate license? 2. give additional info to callers about available listings 3. the broker notify the board within 30 days 120 hours 1. member of the MLS Method 1 Qualifications and Education 1 Find out the licensing requirements where you live. 2. the partnership must have a separate license issued by the board 3. an office cannot operate on a residential property 2. giving a false address in order to obtain a license 100,000 24 months 4. the enforcement branch of DPOR, a court having jurisdiction over the brokers, the real estate board is responsible for:
a real estate licensee may be disciplined for 2. reimburse aggrieved persons 1. only receive referral fees for sending buyers to other salespersons in his office 0.00 points out of 1.00 Irma Craft, a real estate salesperson for Luckless Realty has an arrangement with RidX Pest Control Services to receive a $25.00 referral fee for any customer she refers to Rid X. 2. advise the board within 30 days CA Real Estate Laws are found in the Business and Professions Code The commission rate to be given by a seller as set forth in the listing agreement is: Negotiated between the broker and seller. 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund D. No one, A real estate license could be suspended without investigation if the licensee: what must be included in this property advertisement? 20 every two years 3. write a thank you note to kirks 3. enable licensed real estate professionals to earn more money 4. illegal, a salesperson could have his license suspended or revoked for which of the following reasons? Vera is a licensed salesperson with Broker Tom, but Tom is going to close his office. C. Does not pay the Transaction Recovery Fund assessment 3. 3. publish a list of persons that have been granted licenses 3. the friend need not be licensed Three times a year, the DRE offers an open forum meeting to members of the industry. You'll need the following information to search for a real estate license. The answer is $1,000 for each day the person engaged in the unlicensed practice of real estate. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. 3. the board will issue her active license to her principal broker D. Provide funds for the Board's operating expenses, Reimburse financial losses caused by licensee misconduct, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board. person has to apply to the Real Estate Recovery Fund after final 3. an appraiser 3. refusing to hold an open house, at the request of his broker 3. Find, (A) limxf(x)\lim\limits_{x\rightarrow\infty}f(x)\qquadxlimf(x)(B) limxf(x)\lim\limits_{x\rightarrow-\infty}f(x)\qquadxlimf(x) (C ) limx2f(x)\lim\limits_{x\rightarrow2}f(x)x2limf(x), Production opportunities; time preferences for consumption; risk; inflation.
Licensees - DRE - California Department of Real Estate 1. an attorney at law 2. a consumer that has been defrauded in a real estate transaction 1. the broker notify the board within 10 days 3. does not pay the transaction recovery fund assessment A fine of up to $20K and/or 6 months for an individual and up to $60K for a corporaton. D. $100,000, A license may be suspended without benefit of a hearing: Question text 2. ben must disclose his firm name, city, and state Automatically fine the licensee for $1,000, then schedule a hearing 2. failing to disclose adverse zoning that affected the property 4. corporate attorney, which person must have a license issued by the real estate board?
Real estate - Wikipedia D. A 20 percent decrease in the maximum payment one may receive from the fund, An assessment from all licensees to restore the fund to the minimum balance, The purpose of the Transaction Recovery Fund is to: 1. 1. kerra filed suit against the local association of realtors He agrees to maintain the building if he can receive a reduced rental fee. 4. to be exempt, the tenant must pay his own utilities, the owner and tenant are exempt from the real estate license law, The Board takes disciplinary action against a licensed salesperson.