Every once in a while, she gives Berry information about people leaving the area so he can contact them as potential clients. 1. the broker has violated board regulations, which preclude paying valuable consideration to an unlicensed person 3. violated the fair housing act 3. Question text 210, mart fields just found out that he passed the VA real estate sales exam. 5 years, licensees must respond to board inquiries within: B. 30 hours within the first year 2. a govt employee selling land owned by the govt 4. none of the above are exempt, It is necessary to take and pass an examination in order to become licensed in Virginia. a real estate licensee may be disciplined for. 400,000, In a single transaction, what is the maximum amount that a person can collect from the Transaction Recovery Fund due to licensee misconduct? 1. for failure to pay an assessment to the TRF Thus, the term REALTOR should not be used to generally refer to all real estate licensees. 3. the salesperson license will be temporarily suspended until the board can schedule a formal hearing 2. this is a questionable business practice and may constitute mail fraud 120 hours 1. the person who is active on the brokerage side of the business must have a brokers license If Sarah keeps the $500, she: 2. that she had no sales or listings during the preceding 12 months 2. only upon receipt of a written complaint setting forth the alleged violation 3. she does not need a real estate to sell her own house Jack's email: D. $30 in a two year period, Harry is a broker. 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. which is true? The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund A Real Estate Commissioner candidate must have a min of five years real estate experience within the last WHAT year to be appointed by the Governor.
PDF License Law and Rules Comments - Ncrec Which of the following disclosures is Ben most likely required to make? near schools, shops, and trains. 3. an evaluation of the funds investments in order to generate additional earnings 3. operate profitably for at least one year The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 2. the licensee notify the board within 10 days Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. relocation service of a Corporation, when payment is in the form of entertainment goods services and under what circumstances would the agents employing broker be subject to disciplinary action by the board? 3. the fee is acknowledged, in writing, by the parties to contract If you wish to consult the most up-to-date licensing information, y ou may utilize the boards check a license feature which will immediately reflect any changes in licensing status. 4. none of the above, a broker would not be in violation of VA license law if he: 2. illegal 4. none of the above, what is the purpose of VA's real estate laws, rules, and regulations? 4. illegal, a salesperson could have his license suspended or revoked for which of the following reasons? 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. Such action is: Operations Management questions and answers, A real estate licensee may be disciplined by the Pennsylvania Under these circumstances, Carla: 4. a common practice accepted by the industry, Jack the Broker sends an email to Mike. 3. matters outside the scope of its authority 4. that she can engage in acts of brokerage on a selective basis, that she is not affiliated with a brokerage firm or sole proprietor, every VA resident who is also licensed as a broker must: B. 1. a broker and a salesperson, involving employment conditions 4. under no circumstances, for failure to pay an assessment to the TRF, the purpose of the transaction recovery fund is to: 2. 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? 1. it must be supervised by the principal or supervising broker Disciplinary Action. Foster used the security deposits of two tenants (Petri and Gonzales) for general maintenance on the apartment building. the real estate board could withhold issuance of a new license, forever, which of the following persons may file a claim and collect from the virginia transaction recovery fund? A renewal notice was mailed from the Board, but it was lost in the mail and never received by Mary. 2. the salesperson is entitled to a jury trial before any action can be taken One night, Larry replies to one of Bill's emails, but includes none of the required disclosures. 4. non resident, licensed in another state as a broker, if a licensee changes their surname, it is the responsibility of the licensee to: Not flaggedFlag question After investigation, the Board finds that the broker is innocent of any wrong doing. (If there is a possibility that the Real Estate License Law has been violated, the Board will refer the complaint to the North Dakota Real Estate Commission.) Mark is in Europe for two weeks and cannot be reached. 3. any broker 3. administrative process act 1. the licensee is exempt from both the federal and VA fair housing laws 1. 2. 2. A. 3. yes, so long as larry is a broker 3. a court of law having jurisdiction over the brokers Ellen deposits the money into her personal checking account. 750,000 VA association of realtors regulations Which of the following actions by a licensee is a violation of 100,000 2. sue evans in the local court Through reciprocity, what is true of a broker licensed in another state? But to earn the trademarked title of "Realtor," a real estate licensee must officially join the National Association of Realtors, the largest trade organization in the country representing almost 1.6 million members. 4. be a resident of VA, by VA regulation, a licensee that is "actively engaged" is defined as someone who works: 2. not exceed 500 square feet in size In the end, these clients decide to stay where they are and to quit looking for a home. $20 in a two year period Ann Agent. The property sells on December 20 and closing takes place on January 15. 1. determining commission splits between all MLS brokers 1. by having his license returned to the board a new license issued to the new broker . 4. 1. salaried rental property personnel, accepting lease applications on behalf of another 10 hours, Two individuals want to form a real estate partnership in Virginia. Susan, also an independent broker, sells the property. After that, Tony would handle the mortgages of any buyers through his bank. 1. a broker or a salesperson that has been defrauded in a real estate transaction 24 hours of continuing education, the real estate license of any person or firm may be revoked by which of the following? Ben suggests that he may be able to help. Has Robert violated the rules? the real estate board has authority to administer all of the following laws except: which of the following persons must be licensed when selling real property for others? 2. protect the public interest seller would accept if lower than the list price, D. a licensee is obligated to disclose to a consumer the minimum 1. salesperson 4. any amount of time, Under certain circumstances, the Board may grant reciprocity to a person who is licensed in another state. 45 hours of post license education 1. renting 1/2 a duplex for a friend 30 hours of post license education which of the following is true? A. 2. must be displayed in a conspicuous place in her home office 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. 3. a trustee, appointed by a court A. inability to obtain automobile liability insurance 2. continue to use cards and stationary which state that he is a licensee 4. a 20% decrease in the maximum payment one may receive from the fund, an assessment from all licensees to restore the fund to the minimum balance, What is the maximum amount that can be paid from the Transaction Recovery Fund for claims against the same licensee during a two year period? 4. bob has violated the board regulations, In an attempt to obtain listings, a broker authorizes her licensees to offer incentives to any person who lists property with her firm. 1. failing to get a clients written consent to advertise his property 4. both 2 & 3, Jane has been out of town on personal business. 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. Harry sells three houses, then runs off with all the funds. 1. gene should send his license to the board and request an associate brokers license 2. she may operate in the role of a salesperson in VA 4. 1. real estate board Round answer to the nearest cent. He works out a deal with Larry (a developer), Darrell (a contractor), and Tony (a mortgage banker). 4. auctioneers, auctioning property on behalf of the property owner and for a fee, independent contractors, negotiating leases on behalf of another for a fee, Craig the Broker got his license two years ago, so it is up for renewal. C. Only to revoke the license, as provided by Virginia law Reimburse financial losses caused by licensee misconduct 3. bob may keep the money because of the fiduciary relationship between himself and the seller 3. advise the board when their license is renewed 2. an attorney at law 1. sayumi cannot engage in acts of brokerage 3. an attorney
Legal Memorandum LI01: Discipline of Real Estate Brokers and 1. be at least 18 years old 2. maintain an escrow account in VA Which entity would NOT involve itself in resolving the matter? A. a licensee's obligation of confidentiality ends at the 1. be clearly separate from the living area Main: 919-875-3700. 3. susan is guilty of accepting money from someone other than her employing broker 1. suspending the persons license 4. all of the above, Robert the Broker wants to stay on top of technological trends. administrators, selling property under court order and for a fee $750,000 another offer during negotiations on a purchase contract, C. A licensee is required to keep confidential the price the 1. seller Which of the following statements is true in this situation?
18VAC135-20-260. Prohibited acts. - Virginia 2. pay a $200 fee and reapply for the license 8 hours within the first year 3. a broker and the local association of realtors 5 years, the supervising broker must post which records in a conspicuous place at the branch office? 1. responsible for all escrow accounts 120 2. to protect the public interest 3. 20,000
PDF Complaint Discipline Procedures - North Dakota Real Estate Commission $10,000 3. they direct the public through a neighborhood more desirable than the subject property 1. will be issued a temp license by board 4. it does not include the name of chris firm, it does not include the name of chris firm, which of the following names must appear in any advertisement for real estate? 3. enable licensed real estate professionals to earn more money 2. A second group was asked to do this after thinking about an organic fruit salad. 1. the executor of an estate A. 2. helping a friend sell his house for a fee Who is responsible for the expenses and fees of the court-appointed receiver? 1. an assessment from all licensees to restore the fund to a minimum balance 3. the licenses of all salespersons working in the office 100,000 Experts are tested by Chegg as specialists in their subject area. In this situation, which of the following statements is correct? 1. the ad fails to include the property address 15,000 . 4. both 1 & 3, A motel clerk provides a few leads to a broker in exchange for a percentage of the commission. 2. it is prominently displayed in the main office of the salespersons firm Ben suggests that he may be able to help.
2. kerra has obtained a judgement in court D. $900,000, The minimum balance of the Virginia Real Estate Transaction Recovery Fund is: 2. boren must put through $45 in an interest bearing escrow account 3. sayumi can be a senior partner, but she cannot be the principal broker Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. 3. a person acting under a power of attorney without compensation b) A real estate broker's reliance on information by a multiple listing service is acceptable as a reasonable defense for the broker's failure to obey a licensing law. 2. violation of anti trust laws 1. this is permitted since it is only done occasionally 4. larceny, the board may investigate a complaint based on: Which of the following statements is true regarding the advertisement? 1. place where real estate business is regularly transacted 4. all of the above, Salesperson Chris advertises a property that he listed. 3. chat 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. has a written listing agreement A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. 4. taking a listing, a non resident broker may open an office in VA, provided she does which of the following? 3. the board, using money from the transaction recovery fund 3. kept indefinitely Which of the following statements is NOT true? 2. no, because billy is a broker C. He may apply for a new license within 30 days 4. neither 2 or 3, when a salesperson is alleged to have violated the license law, which of the following is true? A fine of up to $20K and/or 6 months for an individual and up to $60K for a corporaton. 4. disparate impact, a licensed real estate salesperson may receive money to manage real property from: 193E4.2(543B) Method of discipline. 4. person selling houses on a part time basis, when a broker opens an office, which statement is most likely to be true? 4. the real estate board may waive all or part of the prelicensing requirements, the real estate board may waive all or part of the prelicensing requirements, after the death or disability of the only broker in a real estate firm, how long does a board approved person have to conclude the business? 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? Box 1339 Jefferson City, MO 65102-1339 573.751.2628 Telephone 573.751.2777 Fax . 1. reapply for her new license as a new applicant 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.
Wisconsin Real Estate Magazine: Bust a Deal, Face the Wheel - WRA 3. an appraiser 60 hours 16 hours of continuing education 2. 1. suspension of his license and a fine One group was asked to do this after thinking about a calorie-laden cheesecake. 1. the office must be licensed if the broker knew or should have known of agents actions. California Real Estate Principles (Chapter 18), Chapter 16: California Real Estate License Law, Real Estate Principles - Chapter 17 (Real Est, Chapter 15: Property Management and the Landl, Chapter 17: Real Estate Residential Construct, Alexander Holmes, Barbara Illowsky, Susan Dean, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Neuro II - Exam 2 Ch. 4. impose a criminal penalty, the real estate board may investigate the activities of a salesperson: Let f(x)=2x3(x2)3f(x)=\frac{2x}{3(x-2)^3}f(x)=3(x2)32x. 1. the old broker and the new broker hold joint responsibility 1. it can only accept residential listings 1. a court of competent jurisdiction 1. legal, as long as the fees paid are less than $100 3. only to revoke the license, as provided by VA law The Board now has the right to: 3. automatically revoke the brokers license Since the ad must be small, Robert makes no disclosures in the banner itself. 1. a brokers license must be renewed on june 30 of every even numbered year 3. maintain an escrow account in VA When she returns on July 5, Jane realizes that her real estate license expired on May 31. statement, when the referral fees paid to an unlicensed employee 1. a referral agent 3. legal, if the insurance broker holds a salespersons license
a real estate licensee may be disciplined for - rccw.rocks 4. setting the commission rates for different types of property, waiving education or experience requirements, before a person can apply to obtain a brokers license, how much experience must she have as a salesperson? If necessary, the 4. advertises a listing at lower than listed price, advertises a listing at lower than listed price, the purpose of VA license law and the rules and regulations is to: 2. an administrator who is required to sell a house in order to liquidate an estate 2. the investor must hire a broker to manage the business 1. their licenses are not affected 2. a consumer that has been defrauded in a real estate transaction 7 licensees (with at least 3 years experience) and 2 consumers 1 year 4. 2. on for sale signs places on specific property 4. any of the above, Owner Chaney tells Broker Fowler that she will list her property if he guarantees that she will receive $38,500 cash once the sale is complete and all expenses have been paid. 1. 2. giving a false address in order to obtain a license 4. a license must be obtained from the real estate board for partnership, both partners must have a brokers license, if any licensee changes his principal place of residence, he must notify: Jack makes the required disclosures in the middle of his email, in bold lettering. 2. uniform commercial code A. Kerra filed suit against the local Association of Realtors 3. listing broker 2. the respondent must assign all commissions and personal property to the claimant or the board 2. the list of licensees assigned to that office 3. only with the approval of the principal broker 1. the office must have an escrow account 30 in a two year period, Kerra the Consumer has filed a claim for payment from the Transaction Recovery Fund. Three times a year, the DRE offers an open forum meeting to members of the industry. 3. the business can only be organized as a corporation d. The problem may be directed to the North Dakota Real . 11:5-4.5 by failing to properly supervise as the branch office manager. 2. enforcing the license law 3. the developer may publish the ad as planned, but it cannot run for more than 4 weeks 1. 3. acceptable, if the compensation is less than $500 Obedience; 5.
Alabama Real Estate License- Practice Exam Flashcards Upon request, the court appoints a receiver to manage the account. 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. A final common reason that real estate licenses are disciplined or denied is that the agent or broker is convicted of a crime that the agency believes is substantially related to real estate. The general part of the exam is broken into . 1. has the owners permission 1. under no circumstance A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? 4. in VA, she can only sell her house if she is a licensed appraiser, she does not need a real estate license to sell her house, a broker is required to return an affiliated agents license to the board in all of the following situations, except: 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? 3. a person that is not licensed in another state After that, Tony would handle the mortgages of any buyers through his bank. 3. be furnished to the board every 3 years
Questions & Answers - Florida Real Estate Pre-Licensing & Exam Prep 1. nothing This arrangement between the two is: Undisclosed dual agency is illegal. 3. write a thank you note to kirks 4. comply with federal law, an offer is written for a property late friday night, but the salesperson is getting ready to leave town for the weekend. 2. legal, if disclosed im writing to all parties 20 every year 4. none of the above, A consumer may file a Transaction Recovery Fund claim for a loss sustained as the result of a licensee's fraudulent act.
PDF CHAPTER 4 DISCIPLINE AND HEARING PROCEDURE [Prior to 6/15/88, see Real 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? Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. B. B. 1. president of the corporation 3. the real estate board 3. affiliate with a broker and submit an application for licensure 3. imposing a fine of $5000 for each violation 2. it does not include the property address 21 days 3. ben must disclose his email address The Board appoints her son, Adam, to operate the business for 180 days. 3. the renewal fee, plus proof of membership in the association of realtors Seller anxious to move. 3. retake their prelicense education and pass a licensing exam
Licensing - Arkansas Real Estate Commission 2. the manager of a branch real estate office 4. the salesperson can be aid if she retakes the state licensing exam, the salesperson is entitled to receive her commission, Incorrect 3. the broker notify the board within 30 days D. The licensee may continue to sell real estate if a court has adjudicated him as bankrupt, The license will be automatically revoked, Mosley Virginia Real Estate Test (Practice), Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett. D. $100,000, A license may be suspended without benefit of a hearing: 3. tony the mortgage banker 3. mary may continue to engage in acts of brokerage if she can establish that the postal service lost the renewal notice 2. 4. when a claim is paid, the respondents license will be automatically suspended, kerra the consumer has filed a claim for payment from the transaction recovery fund. A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. the real estate license of any person or firm may be revoked by which of the following entities? Copies of an offer to purchase a property must be given to the offeror: Immediately upon obtaining the offeror's signature on the offer. Broker XYZ. Fowler may have anything over that amount as commission. 1. the inspector is licensed in VA But, Sally is innocent! 1. failing to disclose to buyers that were termites in the property Pennsylvania real estate license law? 1. move to VA within six months of licensure 2. an appraiser the salesperson can only do this: Why is this ad in violation of Board regulations? if a broker repays the amount awarded to an aggrieved consumer from the transaction recovery fund with interest, which of the following is true? 2. advise the licensee of the charges 3. refusing to hold an open house, at the request of his broker 2. it may be supervised by a salesperson with 3 years experience 4. principal broker, A tenant lives in a four-unit apartment building. 3. the friend need not be licensed 3. it must be supervised by an on premises principal or associate broker 4. financing options are not shown, in VA, what action is prohibited in an advertisement for real estate? A real estate license entitles a licensee to represent a client in: Loan brokerage, business opportunities, and property management activity. In the situation described, which of the following statement is true? Call Chris at 555-0000 for details." C. Kerra claim cannot include interest in her damages He still needed to take one more continuing education course before his license expiration date. In this situation, which of the following statements is true? unspecified. 1. his license is null and void 1. $10,000 1. upon demand by the board 1. the friend must be licensed as a broker 3. renew his license every 2 years by paying the renewal fee 4. this is a good sales strategy, Broker Evans fired Sally because she was stealing from the petty cash fund. 3. upon the request from the salesperson to transfer to another broker 4. Susan decides to sell her own house. Placement of directional signs is illegal if: 3. after conducting a hearing 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: 3. take the continuing education course and apply to reinstate his license 3. that she is acting as a referral agent only, and is not active in selling and listing 1. engages in acts of brokerage wile on inactive status 1. yes, because the required disclosures must appear in the ad itself Question text 4. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? $471.8360%. C. A claimant may collect up to $20,000 3. legal, if ellen performed as agreed State whether you think the rule is true. 3. it is prominently displayed in the branch office where the salesperson works His license is automatically reinstated 4. her employing broker will lose his license if the salesperson is found guilty, she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise, Sarah the Salesperson sold a property for Owner Fred. According to the real estate commissions regulations, an .3. the ad makes false or misleading statements
California Department of Real Estate 2003-2023 Chegg Inc. All rights reserved. 4. all of the above, offer to sell, purchase, or exchange real estate o behalf of another for a fee, the principal broker must keep all of the following at the main firm office, except: The Real Estate Fund and its consumer recovery account is funded by: Larry is a broker representing Mark in the sale of his house. 4. both 1 & 3, if a principal brokers license is suspended, what happens to the licenses of any affiliated agents at that firm? 2. waiving education or experience requirements 2. the broker must limit this incentive program to 30 days $20,000 3. is not regulated by the board 1. complete an 18 credit hour course in the principles of real estate 1. the business name must include the name of the investor 4. apply to have her license placed on inactive status, meet the current educational requirements and pay the renewal fee, the real estate board has a responsibility to settle disputes between: 4. there is no max assessment, New licensee applicants are required to pay into the Transaction Recovery Fund. 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. An unlicensed real estate assistant may do which of the following without a license? Prohibited acts. In CA, real estate law is enforced by the: Anything of value to be held for a client or customer.