13830176d2d515a9785127a74 a real estate licensee may be disciplined for

2. it may be supervised by a salesperson with 3 years experience Encourage higher education in real estate 3. standardization of the clauses contained in a listing agreement 2. the salesperson can only be paid if her license is renewed prior to january 31 3. his license will expire 4. under no circumstances, for failure to pay an assessment to the TRF, the purpose of the transaction recovery fund is to: 3. provide retirement income for brokers if a broker repays the amount awarded to an aggrieved consumer from the transaction recovery fund with interest, which of the following is true? Broker Fowler should tell Owner Chaney: But, Sally is innocent! 3. yes, because suzy must communicate directly with billy 3. associate brokers Operations Management questions and answers, A real estate licensee may be disciplined by the Pennsylvania 2. suspend or revoke any license issued by the board 2 years When this information leads to a sale, Berry pays her $100 for the tip. 1. the branch office license She started looking for new firms after the accusations were made, but can't transfer until her license is returned to the Board. 4. 1. 193E4.2(543B) Method of discipline. 2. their licenses will also be suspended 3. write a thank you note to kirks 3. 1. engages in acts of brokerage wile on inactive status 2. the investor must hire a broker to manage the business 1. 4. must register with the real estate board, may allow unlicensed employees (on a regular salary) to sell the tracts, to obtain a VA real estate license, it is necessary to: 3. a real estate developer that has been defrauded in a real estate transaction File a claim against to the licensee to recover the amount paid from the Fund 2. misrepresentation 3. net listing 2. no, because it is permissible to provide a link to the required disclosures A. 4. all of the above, a person who, for compensation, helps to sell his neighbors home, when a salesperson takes a listing, the commission amount is determined by the: 1. no, because he acted in suzys best inerests 3. revocation of his license and a fine RE57R07: Brokerage Relationships | Mass.gov In terms of law, real is in relation to land property and is different from personal property while estate means the . 2. does not comply with the regulations A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? A. The Real Estate Fund and its consumer recovery account is funded by: Larry is a broker representing Mark in the sale of his house. 3. 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. The claimant must have gone after any assets and property belonging to the debtor A personal loan 1. a person who, for compensation, helps to sell his neighbors home 4. the seller must be informed of any such payment, prior to signing the listing agreement, in accordance with real estate board regulations, all records of transactions and closings maintained by a broker must be: Gene agrees to split the commission with Susan, but advises neither the seller nor the buyer of the agreement. 3. tell the seller that there is an offer, but it will have to wait until monday to be presented 3. is not regulated by the board 500,000 3. if he gives his current broker 30 days notice PDF License Law and Rules Comments - Ncrec 4. the licensee may continue to sell real estate if a court has adjudicated him as bankrupt, the license will be automatically revoked, if a payment is made on a brokers behalf from the transaction recovery fund, what action does the board take? 3. identify his place of business with an appropriate sign 4. illegal, unless properly disclosed, illegal, because ellen can only accept money from her broker, the real estate board has power to take all of the following actions, except: Questions & Answers - Florida Real Estate Pre-Licensing & Exam Prep 3. broker who is also licensed as a rental location agent In CA, real estate law is enforced by the: Anything of value to be held for a client or customer. A broker may be disciplined for all of the following EXCEPT: Placing a definite expiration date in an exclusive listing agreement. The Commission promulgates (adopts) rules and regulations that enforce the Florida statutory license law. The property sells on December 20 and closing takes place on January 15. 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. 1. an attorney at law D. None of the above, If the Board has authorized payment from the Transaction Recovery Fund, what is the effect for the licensee who committed the misconduct? a real estate licensee may be disciplined for 1. 2. instant messaging 1. the office must be licensed He works out a deal with Larry (a developer), Darrell (a contractor), and Tony (a mortgage banker). 10,000, if the board has authorized payment from the transaction recovery fund, what is the effect for the licensee who committed the misconduct? 3. a real estate transaction 3. sayumi can be a senior partner, but she cannot be the principal broker In this situation, which of the following statements is true? 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 The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 3. the director of the dept of professional and occupational regulation (DPOR) A. 4. administer the residential property disclosure act, establish standardized listing and sales contract agreements, If a salesperson or associate broker changes her principal place of residence, Virginia License Law requires that: Regulatory Affairs: 919-719-9180. 30 hours before he can actually receive his license, VA license law defines a brokers place of business as a: 1. suspension of his license and a fine $20,000 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. A. 3. kept indefinitely 120 Holding more than one license as a real estate broker or salesperson in Virginia except as provided in this chapter; 3. 3. a real estate developer that has been defrauded in a real estate transaction These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas. 1. seller 1. file a claim against to the licensee to recover the amount paid from the fund The salesperson can pay this referral bonus to: a real estate licensee may be disciplined for. 3. the developer may publish the ad as planned, but it cannot run for more than 4 weeks 2. advise the licensee of the charges 1. the executor of an estate 180 1. will be issued a temp license by board 4. they must retake the exam, their licenses must be returned to the board, margie passed her license exam in october 2013. in december 2014 she applies for her license. 1. in ratio and tv ads 2. its own initiative, without any written consent 2. for failure to pay an assessment to the TRF within 10 days 1. raising the price on a contract in order to influence a lender 3. may accept the listing by reciprocity between VA and wisconsin, once a license has been issued to a salesperson, her license: 2. the friend must have a law degree 4. both 1 & 3, affiliate with a broker and submit an application for licensure, the real estate board consists of: 43-40-1(2)(B)). 3. Call Paula after 5 at 123-4567." A common misconception among consumers is that real estate agent and realtor are interchangeable terms. 2. mail a license to the broker named on the license application 3. revoke the salespersons license pending a hearing 3. fine not to exceed 50,000 3. after conducting a hearing 4. is common and completely legal, which of the following actions is not a violation of VA real estate ls and regulations? 2. he can pay a fine to extend the renewal date 4. none of the above, a broker may place a sign on a property when he: 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. 3. imposing a fine of $5000 for each violation $20,000 Ellen deposits the money into her personal checking account. 1. that she is describing an open listing The reason for the claim is to reimburse a loss sustained after a salesperson made a gross misrepresentation. 1. give back all listings acquired while affiliated with the broker C. All claims submitted in relation to a licensee's misconduct in a single transaction may not exceed $20,000 3. 1. she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise License Categories [G.S. The Provisions of the Real Estate Licensing and Registration Act apply to a. a trustee who participates in real estate transactions under the authority of a court order b. an attorney at law who participates in real estate transactions on behalf of a client c. a real estate licensee selling real estate she owns C. An evaluation of the Fund's investments in order to generate additional earnings 2. closes her out of state office 1. place where real estate business is regularly transacted Deal direct w/agent and save. 1. only receive referral fees for sending buyers to other salespersons in his office Jack makes the required disclosures in the middle of his email, in bold lettering. 2. 2. boren must put through $45 in an interest bearing escrow account .3. the ad makes false or misleading statements 1. offer to sell, purchase, or exchange real estate on behalf of another for a fee

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