4. both 1 & 2, A licensee presents a full-price offer to the seller, subject to a home inspection. 3. a claimant may collect up to 20,000 3. C. Automatically revoke the broker's license Therefore, Robert decides to advertise his firm via banner ads on commercial web pages. 1. a broker and a salesperson, involving employment conditions 2. any property owner In CA, real estate law is enforced by the: Real Estate Commissioner Trust funds are best defined as: Anything of value to be held for a client or customer. May Cindy accept this rental listing? 3. matters outside the scope of its authority 3. the old broker 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. apply to, a. a trustee who participates in real estate transactions under 45 hours of post license education 31 days, The Board determines that a licensee misrepresented information on her license application. 3. Ben and Jerry are communicating for the first time via instant messages. 16 hours of continuing education real estate commission for which of the following reasons? The owner specifies how much she wants to receive from the sales proceeds, then allows the broker to propose a selling price. 4. the local association of realtors, Rainy Yeng has been transferred out of the area on an extended work assignment. Through reciprocity, what is true of a broker licensed in another state? 3. sayumi can be a senior partner, but she cannot be the principal broker 2. neither the broker nor the clerk is in violation of the law 1. suspending the persons license Confidentiality; 4. The mean number of calories estimated in a cheeseburger was 780 for the group that thought about the cheesecake and 1,041 for the group that thought about the organic fruit salad. Our online system provides more efficient services to those applying for a Real Estate Broker and Salesperson license. 3. principal brokers license The [Florida real estate] commission . 4. the ad does not include the price, the ad fails to disclose that the owner is a licensee, if used to advertise property, which type of communication could trigger disclosure requirements by a licensee? 2. mail his or her license to the board 1. be retained by the principal broker indefinitely 4. be a resident of VA, by VA regulation, a licensee that is "actively engaged" is defined as someone who works: 1. 2. sue evans in the local court 3. rent apartments for a small fee A sales agent obtains a listing and advertises the property as follows: "Spacious 3 bdrm., ideal loc. 3. the friend need not be licensed The individual's salesperson license was first issued on May 31, 2013, and current through December 14, 2018. You'll need the following information to search for a real estate license. The general part of the exam is broken into . 3. susan is guilty of accepting money from someone other than her employing broker Authorized Real Estate Schools This list is updated regularly to reflect new or expiring real estate schools. 1. the salesperson is entitle to receiver her commission 150 1. the licensee named in the claim must post a bond in order to continue practicing real estate Which of the following statements is correct? 3. people from hungary are moving into the neighborhood 2. if the licensee admits guilt VA association of realtors 1. a broker or a salesperson that has been defrauded in a real estate transaction 1. the ad fails to include the property address 1. kept for a period of 7 years 3. identify his place of business with an appropriate sign The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 4. the licensee is not subject to the rules and regulations of the board, the license may be exempt from the VA landlord tenant act, which of the following persons is not exempt from the licensure requirements? 1. sayumi cannot engage in acts of brokerage 2. principal broker Under the circumstances, which of the following statements is true? Deal direct w/ agent and save. Licensees - DRE - California Department of Real Estate Mark is guilty of: 2. 2. violates the VA real property act 6 licensees and 1 consumer the broker is guilty of: 3. the broker notify the board within 30 days 4. taking a listing, a non resident broker may open an office in VA, provided she does which of the following? In CA, real estate law is enforced by the: Anything of value to be held for a client or customer. 1. an auctioneer When people make estimates, they are influenced by anchors to their estimates. 1. attorney general of the commonwealth of VA A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. Harry sells three houses, then runs off with all the funds. 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 . ORS 696.301 - Grounds for discipline 3. hold degree in real estate the Pennsylvania real estate Commission can impose on that 3. if the owner is a non resident of VA 3. if he gives his current broker 30 days notice When representing a seller, which of the following is a TRUE 1. the licensee has 4 years to repay the fund 4. under no circumstances, a salesperson would be subject to disciplinary action by the real estate board for which of the following actions? 5 years, licensees must respond to board inquiries within: 4. must find a licensed broker to run the business, can only conclude the transactions in the process to facilitate the termination process, In April, Mary took a continuing education course to satisfy her October renewal requirements. 4. none of the above, a broker may place a sign on a property when he: What should he do? The DRE grants licenses to Real Estate Brokers and Salespersons. 2. The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 21 days Evans told her that he would not return her license until the money had been repaid. Automatically suspend the broker's license 1. in ratio and tv ads 60 hours 3. a tenant, seeking to recover a security deposit from his landlord 2. is not in violation of the VA license law, so long as she informs her broker 2. must supervise all firm advertising 3. net listing 1. take and pass the VA portion of the licensing exam the regulations specify that: 3. improper dealing Rules and Laws Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, and the Timeshare Act. 3. they direct the public through a neighborhood more desirable than the subject property 120 hours Under what circumstances may listing real estate broker in 4. the board, using money from its operating budget, the board, using money from its operating budget, A postal employee has a friend, Berry, who is a real estate salesperson. 3. a real estate licensee may be disciplined for - rccw.rocks According to the real estate commissions regulations, an Ann Agent. Justia US Law US Codes and Statutes Georgia Code 2010 Georgia Code TITLE 43 - PROFESSIONS AND BUSINESSES CHAPTER 11 - DENTISTS, DENTAL HYGIENISTS, AND DENTAL ASSISTANTS ARTICLE 2 - LICENSES FOR THE PRACTICE OF DENTISTRY 43-11-47 - Refusal to grant, or revocation of, licenses; disciplining licensees; subpoenas; judicial review; investigations; immunity; failure to appear; voluntary surrender who does not have a Pennsylvania real estate license? Was this action permissible? 2. impose a monetary penalty of up to $1,000 3. administer the transaction recovery act 4. the inspection service provides a warranty, the fee is acknowledged, in writing, by the parties to contract, A salesperson candidate is required to take a certain number of credit hours before sitting for the state licensing exam. 1. gene should send his license to the board and request an associate brokers license The licensee named in the claim must post a bond in order to continue practicing real estate Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 1. take the continuing education course 1. acceptable, if no one is defrauded 193E4.2(543B) Method of discipline. 1. real estate transaction recovery act 2. land tort reform act 3. real estate license law 4. virginia fair housing act, the real estate board regulates: 1. the wording contained in standard exclusive right to sell listing agreements 2. disputes between brokers or salespersons 3. the real estate licensing examination Which entity would NOT involve itself in resolving the matter? She asks Salesperson Boren to manage her rental home for $45 per month while she is gone. 4. 2. at least 21 years 1. it is mailed to the licensee for delivery to the employing broker 3. advise the board when their license is renewed the real estate license of any person or firm may be revoked by which of the following entities? 2. maintain an escrow account in VA 4. sentence the licensee to a prison term of no more than 12 months, file a claim against to the licensee to recover the amount paid from the fund, when the transaction recovery fund balance falls below a statutory minimum it results in: 4. all of the above, What is wrong with this advertisement: "3 bdrm, 2 ba, $75,000. .3. the ad makes false or misleading statements 2. he can pay a fine to extend the renewal date 36 months, Which of the following statements is correct if a licensee is leasing his own property, without help from a broker? 1. with a written consent from the owner only If Brenda wants to keep the money and NOT violate VA License Law, she could: 2. suspend or revoke any license issued by the board 3. the names and address of all salespersons must be sent to the real estate board 3. 1. apply for active status within 3 years 1. determining commission splits between all MLS brokers 3. 1. the executor of an estate 1. send a copy of the charges to the salesperson at his last known business address Which circumstance might also put the employing broker at risk of disciplinary action? person has to apply to the Real Estate Recovery Fund after final Discipline Procedures | BCFSA