13830176d2d515a9785127a74 a real estate licensee may be disciplined for

4. 1. assures a quick sale because the broker knows the sellers exact position A. 4. place where the broker maintains transactions and escrow records in a safe deposit box, place where real estate business is regularly transacted, when a salesperson transfers from one broker to another, it is the duty of the former broker to: A. inability to obtain automobile liability insurance, B. habitual intoxication or drug addiction. 3. 1. One lot is $10,000 and all others are in the $15,000 - $20,000 price range. 4. both 2 & 3, Jane has been out of town on personal business. 4 no one, If the named licensee is involved in multiple transaction violations, what is the maximum that a person may collect from the Transaction Recovery Fund? 1. an owner who sells no more than three of her own houses in a year Deal direct w/agent and save. A. What must the licensee do if she wants to remain licensed? which of the following is true? Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 3. hold degree in real estate 1. any other salesperson or cooperating broker, as long as he finds a ready, willing, and able buyer this person: After that, Tony would handle the mortgages of any buyers through his bank. A. 4. any of the above, a person seeking a real estate license in VA must be: 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: 3. 4. she must affiliate with a licensed VA broker, Angela operated her own brokerage firm until she unexpectedly passed away. When she returned on January 6, she realized that her license had expired on December 31. 1. must have a brokers license 4. all of the above, a real estate license could be suspended without investigation if the licensee: 3. she may handle up to 6 transactions (listing or sales) in VA 1. must be carried at all times to establish that she is licensed 1. upon demand by the board Call Paula after 5 at 123-4567." Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. 1. that she is not affiliated with a brokerage firm or sole proprietor The business will be operated as a sole proprietorship. 1. the renewal fee The DRE also handles the renewal of the licenses. Rules and Laws | TREC - Texas 3. imposing a fine of $5000 for each violation 3. supervising broker 3. The respondent must assign all commissions and personal property to the claimant or the Board A. C. He may apply for a new license within 30 days B. Kerra has obtained a judgement in court A. inability to obtain automobile liability insurance B. habitual intoxication or drug addiction C. nonpayment of federal income taxes D. any felony conviction Expert Answer 100% (1 rating) A real estate licensee 3. an appraiser 3. administrative process act 3. tony the mortgage banker Before applying for the real estate license, all the formalities of education and experience must be cleared. 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: C. nonpayment of federal income taxes 3. the developer may publish the ad as planned, but it cannot run for more than 4 weeks 3. an evaluation of the funds investments in order to generate additional earnings 4. must ensure compliance with all laws and regulations at all locations, must keep all financial records for 5 years, a VA real estate firm may operate under the name of: 2. send a copy of the charges to the salespersons broker at the brokers place of business 1. file a complaint with the local realtors association Who is most likely to collect? 3. revocation of his license and a fine 3. a person acting under a power of attorney without compensation 1. the broker has violated board regulations, which preclude paying valuable consideration to an unlicensed person a real estate licensee may be disciplined for - rccw.rocks attempting to change employing brokers more than three times in C. The license will be automatically suspended 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. 3. matters outside the scope of its authority Accounting for all funds; 7. 2. if the agents actions were outside the authority granted by the employing broker 3. take and pass a test within 12 months of application Ann Agent. 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: 2. The salesperson can pay this referral bonus to: fc barcelona juvenil b players. 3. a broker and the local association of realtors 3. the real estate board 1. if the broker knew or should have known of the agents actions 2. no, because it is permissible to provide a link to the required disclosures Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license; 2. 1. your brokerage firm will accept a lower commission rate 2. the partnership must have a separate license issued by the board VA real estate board 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund 4. no, using these deposits for repairs would eliminate the need to charge damage repairs when tenants move out, no, security deposits are held for tenants in an escrow account and are not part of the operating funds, a broker is a member of the local MLS service. 1. the broker notify the board within 10 days 2. enforcing the license law 2. a person receiving a gift certificate to sell a property 4. location of property, Bill hires Larry to sell his home. Ben is a licensee and Jerry is interested in locating property in Ben's area. 1. the developer may publish the ad as planned 3. only to revoke the license, as provided by VA law 4. turned over to the buyer at closing, made available for inspection by the representatives of the real estate board, a violation of the VA license law may subject a broker to: Several weeks after closing, the seller sent him $250 and a thank you note for a job well done. 3. principal brokers license 1. the owner and the tenant are exempt from the real estate license law Which of the following disclosures must Ben make? A second group was asked to do this after thinking about an organic fruit salad. 4. with written permission of the association of realtors, with written permission of the VA real estate board, the real estate board is responsible for: 2. it must be in the name of the firm 1. Full disclosure; 6. 3. the licensee must forfeit all commissions earned 3. a principal broker 1. the business name must include the name of the investor 3. 1. either buyer or seller, based on their agreement 1. the VA association of realtors Credit card sales (2% credit card fee)$250,000. Method 1 Qualifications and Education 1 Find out the licensing requirements where you live. D. Schedule a hearing to determine guilt or innocence, Automatically revoke the broker's license, If the named licensee is involved in multiple transaction violations, what is the maximum that a person may collect from the Transaction Recovery Fund? 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 . 4. none of the above, a broker would not be in violation of VA license law if he: 3. all licenses must be renewed biennially in odd numbered years The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 750,000 1. commingling Has Larry violated the rules? administrators, selling property under court order and for a fee A common misconception among consumers is that real estate agent and realtor are interchangeable terms. 3. advertising that a property listed by a firm is for sale by owner A. 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. real estate commission for which of the following reasons? who does not have a Pennsylvania real estate license? 193E4.2(543B) Method of discipline. 4. 3. an attorney 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. Mark is in Europe for two weeks and cannot be reached. A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? Florida Real Estate Brokers: If Disciplined, You Could Be Punished Twice? 4. schedule a hearing to determine guilt or innocence, which of the following persons could file a claim for payment from the transaction recovery fund? Prohibited acts. 3. no, security deposits are held for tenants in an escrow account and are not part of the operating funds 3. broker who is also licensed as a rental location agent 1. the clerk must be a licensed salesperson 2. approving the license exams 3. chairman of the board 4. enforce the code of ethics, licensees with an inactive license must: Welcome to the North Carolina Real Estate Commission. 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? the license law. a real estate licensee may be disciplined for. . 4. the salesperson can be aid if she retakes the state licensing exam, the salesperson is entitled to receive her commission, Incorrect 8:30am - 5:00pm (Mon-Fri) 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: 20,000 B. . 3. bob may keep the money because of the fiduciary relationship between himself and the seller 4. there is no max assessment, New licensee applicants are required to pay into the Transaction Recovery Fund. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. 20,000 4. gene may continue to operate under his existing sales license, Two brokers are involved in a dispute over a commission split. 1. to facilitate supervision, it must be located within a reasonable distance from the main office service, license revocation and imprisonment of no more than one 4. be a virginia resident for at least 1 year, An unlicensed investor plans to open a real estate brokerage business. 1. a broker and a salesperson, involving employment conditions You'll need the following information to search for a real estate license. Allison is guilty of: 750,000 Rainy tells Cindy that she wants $500 per month for the rental and Cindy may have any amount over $500. 1. make brokers and salespersons more professional 4. supreme court judicial procedures act, Sarah Smith sees an ad from Broker Mark for a custom built home with mountain views, hardwood floors, a theatre room, and a professional kitchen. Undisclosed dual agency is illegal. 3. file a complaint with the real estate board Questions & Answers - Florida Real Estate Pre-Licensing & Exam Prep Solved A real estate licensee may be disciplined by the - Chegg C. $50,000 Larry, Darrell, and Tony all file claims for payment from the Transaction Recovery Fund. One of the services constituting real estate brokerage in Georgia is acting as a referral agent securing prospects interested in selling or leasing property (O.C.G.A. if the broker knew or should have known of agents actions. 3. people from hungary are moving into the neighborhood 1. larry the developer The individual's salesperson license was first issued on May 31, 2013, and current through December 14, 2018. Vera should: Call Paula after 5 at 123-4567." Yes, Cindy may accept this rental listing because brokerage fees are always negotiable between the owner and the agent 2. reimburse aggrieved persons 4. there is no agent at the location to anser questions, placed on private property without permission of the owner, A salesperson obtains a listing and advertises the property as follows: "Spacious 3 bdrm., ideal loc. a real estate licensee may be disciplined for. 3. ben must disclose his email address 40-25(b)(17)). 1. at any time 3. 2. an investment in a limited real estate partnership 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. When representing a seller, which of the following is a TRUE 4. 30 hours within the first year The agent orders the home inspection from a friend, who then pays him a referral fee. 2. be at least 18 years old If possible, try to find a counterexample (a set of numbers for which the rule is not true). D. $100,000, A license may be suspended without benefit of a hearing: 2. automatic revocation of the real estate license D. Under no circumstances, For failure to pay an assessment to the TRF, New licensee applicants are required to pay into the Transaction Recovery Fund. 3. failing to inform the seller of the ethnic character of a buyer A renewal notice was mailed from the Board, but it was lost in the mail and never received by Mary. Fowler may have anything over that amount as commission. 1. a referral agent The Iowa real estate commission has authority to impose, after proper procedures have been initiated and followed, the following disciplinary penalties: . 2. a consumer that has been defrauded in a real estate transaction 1. reimburse financial losses caused by licensee misconduct Solved A real estate licensee may be disciplined by the - Chegg

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