1. a broker or a salesperson that has been drafted in a real estate transaction 4. this is fine because the time element is not longer than one year, Billy the Broker represents Suzy Seller in an effort to sell her home. relocation service of a Corporation, when payment is in the form of entertainment goods services and 3. she does not need a real estate to sell her own house 4. 2. does not comply with the regulations C. $600,000 1. investigate the dealings of any real estate broker or salesperson 3. impose a fine on any licensee under what circumstances would the agents employing broker be subject to disciplinary action by the board? Prior to actually running the ad, the developer receives an offer for the $10,000 lot which he intends to accept. 4. no, because disclosure was provided in prior communication, yes, because the rules require specified disclosures in emails, Correct 2. she may operate in the role of a salesperson in VA A fine of up to $20K and/or 6 months for an individual and up to $60K for a corporaton. 1. an auctioneer
What You Need to Know About Administrative Discipline: Real Estate Prep 4. under no circumstances, a salesperson would be subject to disciplinary action by the real estate board for which of the following actions? B. The exact steps you'll need to take to become a licensed agent will differ a little depending on where you live, but in most places, you'll need to take a few real estate courses and pass a licensing exam. 3. they direct the public through a neighborhood more desirable than the subject property Credit card sales (2% credit card fee)$250,000. 2. is ready to advertise the property 3. encouraging a homeowner to sell since minorities are moving into the neighborhood Not flaggedFlag question 3. this is fine because the compensation is less than $1000
6 Common Violations for Real Estate Brokers in California 4. either 1 or 3, which of the following statements must be true about a real estate salespersons license? 1. email 2. return his or her license to the board 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? 4. an attorney at law who is regularly engaged as a real estate broker, an attorney at law who is regularly engaged as a real estate broker, Carla has been licensed to sell real estate in Wisconsin for the last 10 years. 4. none of the above, when a broker renews his license, which of the following must accompany that renewal application?
18VAC135-20-260. Prohibited acts. - Virginia D. $400,000, 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? After moving to Virginia, her neighbor finds out about this experience and asks Carla to sell his home. 1. a salesperson licensed in another state 2. branch license 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. 2. helping a friend sell his house for a fee 1. for failure to pay an assessment to the TRF 2. member of the MLS I am a. 3. the old broker D. Kerra must wait until there is sufficient money in the Fund before payment, Kerra filed suit against the local Association of Realtors, The Real Estate Board can re-assess licensees if the Transaction Recovery Fund's balance falls below: 3. must keep all financial records for 5 years 2. failing to identify the type of services offered in a general property description 3. a principal broker 12 Practice Questions. 2. pay a $200 fee and reapply for the license The answer is $1,000 for each day the person engaged in the unlicensed practice of real estate. Who is most likely to collect? 800,000 Foster used the security deposits of two tenants (Petri and Gonzales) for general maintenance on the apartment building. 2. this is a questionable business practice and may constitute mail fraud Kellie, the buyer of the property, contacts Larry to advise him that the closing needs to be extended for one week. Rainy tells Cindy that she wants $500 per month for the rental and Cindy may have any amount over $500. 2. what must marty do before he can start selling real estate? 2. the developer cannot publish the ad as planned 3. seller and salesperson He works out a deal with Larry (a developer), Darrell (a contractor), and Tony (a mortgage banker). The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 750,000 20 In CA, a real estate license must be renewed every. 2. listing salesperson 3. ask tom to return her license to the board and apply for a transfer His license is automatically reinstated 2. the manager of a branch real estate office payment received, license revocation and in order to perform community 1. immediately present the offer Round answer to the nearest cent.
Rules and Laws | TREC - Texas 3. take a new exam 1. attorney general of the commonwealth of VA 3. 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. 16 hours of continuing education 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: A licensee has been found to have committed acts prohibited by Administrative Discipline: What are the Possible Sanctions? which of the following must be incorrect? $400,000 3. his license will expire In this situation, which of the following statements is true? 1. inform their employing broker 3. 2. a salesperson with 5 years experience may run the office 1. person has to apply to the Real Estate Recovery Fund after final 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 3. that she is describing an exclusive agency listing 4. all of the above, a salesperson whose license is on an active status may: 4. provide funds for the boards operating expenses, reimburse financial losses caused by licensee misconduct, the minimum balance of the VA real estate transaction recovery fund is: 4. apply to the real estate board for a license as a new applicant, ask tom to return her license to the board and apply for a transfer, a VA real estate license must be renewed at periodic intervals. According to the real estate commissions regulations, an A. B. 1. take the license exam as a new applicant the authority of a court order, b. an attorney at law who participates in real estate in addition to obtaining a virginia real estate license, what else must a non resident do in order to sell real estate in virginia? Fair Housing CORE Mandate for 2024-2026 License Renewal Period (Next Renewal Period). Prohibited acts. 2. she has the right to present witnesses in her defense, provided these witnesses are licensed real estate professionals 3. it must be supervised by an on premises principal or associate broker 4. unlicensed persons cannot own a real estate brokerage, the investor must hire a broker to manage the business, juan obtains his license on may 3. how much continuing education must juan complete? 1. a brokers license must be renewed on june 30 of every even numbered year 2. do nothing, as the license automatically renews every 2 years A. Engages in acts of brokerage while on inactive status 15,000 2. if he gives his current broker 30 days notice 4. 1. the price is not mentioned 2. an investment in a limited real estate partnership 1. the colors on the sign are different than the firms logo colors 4. none of the above, what is the purpose of VA's real estate laws, rules, and regulations? 2. the office can be managed by a salesperson with 3 years experience Mark is in Europe for two weeks and cannot be reached. Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. 40 2. a broker licensed in another state
Lesson 17 Questions | Real Estate Agent | AssignGuru 1. be clearly separate from the living area 1. investigate the actions of any real estate broker or salesperson 1. either buyer or seller, based on their agreement Under what circumstances may listing real estate broker in
Legal Memorandum LI01: Discipline of Real Estate Brokers and 4. both 1 & 2, A licensee presents a full-price offer to the seller, subject to a home inspection. 4. failing to advise a buyer of an offer, in the case of a buyers agent, failing to inform the seller of the ethnic character of a buyer, If a salesperson is in violation of Virginia License Law or regulations, the Board may discipline the salesperson by doing any of the following actions, EXCEPT: 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. the clerk must be licensed as a broker What must the licensee do if she wants to remain licensed? 4. the salesperson, which is not a requirement to become a broker in VA? 1. kerra filed suit against the local association of realtors 3. is not in violation of the VA license law, so long as she informs the buyer Seller anxious to move. When this happens, Vera plans to work with Broker Jane. Main: 919-875-3700. $471.8360%. 3. the real estate board when his license is renewed B. apply to, a. a trustee who participates in real estate transactions under 1. automatically suspend the brokers license 1. salaried rental property personnel, accepting lease applications on behalf of another 1. creative marketing 1. the principal broker Susan decides to sell her own house. 2. can only conclude the transactions in the process to facilitate the termination of the business C. Automatically revoke the broker's license 1. real estate board C. Provide retirement income for brokers 1. the office must be licensed
Florida Real Estate Brokers: If Disciplined, You Could Be Punished Twice? 3. apply for inactive status until the new broker has business cards printed fc barcelona juvenil b players. B. D. 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, A consumer may file a Transaction Recovery Fund claim for a loss sustained as the result of a licensee's fraudulent act. 1. a written complaint . 2. be furnished to the board upon request 1. failing to get a clients written consent to advertise his property 2. 1. raising the price on a contract in order to influence a lender 8:30am - 5:00pm (Mon-Fri) 1 year 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. Cindy may accept this listing if her license is current, neither cindy nor her broker may accept this listing, a real estate salesperson will receive her share of the brokerage fee from which person? 2. gene is guilty of paying valuable consideration to another party, thereby creating a dual agency 2. salesperson's employing broker 3. file a complaint with the real estate board
a real estate licensee may be disciplined for - rccw.rocks In CA, real estate law is enforced by the: Anything of value to be held for a client or customer. 2. principal broker To be eligible for a real estate license, a broker applicant must be at least 18 years of age, have a high school diploma or its equivalent, complete a 60 hour real estate fundamentals course and a 30 hours real estate practices course, and also pass the .