13830176d2d515a9785127a74 a real estate licensee may be disciplined for

In order to receive payment, this claim must be in connection with: C. Only to revoke the license, as provided by Virginia law The Board now has the right to: 30 hours within the first year 2. no, because billy is a broker One night, Larry replies to one of Bill's emails, but includes none of the required disclosures. 2. ben must disclose his firm name, city, and state 2. she has the right to present witnesses in her defense, provided these witnesses are licensed real estate professionals not cash, when the recipient of the payment is licensed broker in another In this situation, which of the following statements is true? A personal loan 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: 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: 4. this is a good sales strategy, Broker Evans fired Sally because she was stealing from the petty cash fund. 2. 1. she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise 3. legal, if ellen performed as agreed 4. all of the above, a salesperson whose license is on an active status may: administrators, selling property under court order and for a fee 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. 3. kerra claim cannot include interest in her damages Call Chris at 555-0000 for details." 5 years, licensees must respond to board inquiries within: 3. ben must disclose his email address 1. establish standardized listing and sales contract agreements 1. a referral agent 2. on for sale signs places on specific property 1. Licensees may also write to: Financial Services Tribunal. 3. hold a hearing in order to allow the licensee to defend himself According to the real estate commissions regulations, an 2. gives a reduced commission rate to a family member 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. Broker XYZ. Vera should: Call Paula after 5 at 123-4567." 3. permissible, with the written permission the owner . 3. may accept the listing by reciprocity between VA and wisconsin, once a license has been issued to a salesperson, her license: 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. 2. the license will be automatically revoked 1. was aware of the improper dealings performed by his salespersons 3. administer the transaction recovery act Rules and Laws Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, and the Timeshare Act. A common misconception among consumers is that real estate agent and realtor are interchangeable terms. 2. impose a monetary penalty of up to $1,000 1. bob may keep the bonus since he has a brokers license 3. chairman of the board C. nonpayment of federal income taxes 4. 3. the director of the dept of professional and occupational regulation (DPOR) Since the ad must be small, Robert makes no disclosures in the banner itself. 1. an executor of a will Before applying for the real estate license, all the formalities of education and experience must be cleared. An assessment from active licensees to restore the fund to the minimum balance 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. 3. his license will expire 3. after conducting a hearing 8:30am - 5:00pm (Mon-Fri) Not flaggedFlag question 4. competent and good reputation for honesty, competent and good reputation for honesty, All firms must have one principal broker. 1. complete the mandatory postlicense education requirement 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. Gene, an independent broker, lists a property. 1. determining commission splits between all MLS brokers 3. a tenant who refers a prospective tenant to the landlord Bob accepted the check since he worked hard and felt the bonus was deserved. 3. it can refuse to accept open listings Jack makes the required disclosures in the middle of his email, in bold lettering. 1. an owner who sells no more than three of her own houses in a year 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 reason for the claim is to reimburse a loss sustained after a salesperson made a gross misrepresentation. 900,000, if a person wants to make a claim from the transaction recovery fund, where should this claim be filed? 0.00 points out of 1.00 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. must be displayed in a conspicuous place in her home office which of the following must be incorrect? 3. imposing a fine of $5000 for each violation 4. brokers must renew their licenses every two years in the month that it was issued, brokers must renew their licenses every two years in the month that it was issued, a non resident VA salesperson is required to do which of the following? 1. mary is required to retake the license examination in order to reinstate her license D. No one, A real estate license could be suspended without investigation if the licensee: Mary didn't realize until January that her license had expired. No, but the listing may be accepted by Cindy's broker, who in turn will pay Cindy the brokerage fee 2. sue evans in the local court 3. the board will issue her active license to her principal broker 750,000 4. an individual employed by the owner of rental property, an employee of a broker, who negotiates leases, Broker Takahashi wants to open her own partnership. 2. illegal In which of the following forms of advertising are these disclosures NOT required? 2. salespersons and associate brokers must renew their licenses every two years in the month of their birth date According to Virginia regulations: 2. person selling a vacant lot for a fee A. 8 hours within the first year 2. maintain an escrow account at an insured depository in the state 1. the inspector is licensed in VA 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? Which of the following statements is correct? A. It will attempt to resolve the problem without the necessity of legal expense. 3. improper dealing 1. it does not include the owners name 2. can only conclude the transactions in the process to facilitate the termination of the business 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. 2. a licensee accused in the claim must sell all personal possessions to satisfy the claim 3. a person that is not licensed in another state 3. must be kept at the employing brokers main place of business 3. conversion 2. an assessment from active licensees to restore the fund to the minimum balance 1. take listings over the phone 2. helping a friend sell his house for a fee 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. 1. nothing C. A claimant may collect up to $20,000 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. 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? 2. 1. his or her broker 1. either buyer or seller, based on their agreement 3. impose a fine The license will be automatically revoked File a claim against the licensee to recover the judgement amount awarded by the court 3. only to revoke the license, as provided by VA law 1. misrepresentation 2. a person acting as a trustee in bankruptcy 1. the court that appointed the receiver 1. she must retake the exam 4. 2. may accept the listing by virtue of her current wisconsin license Deal direct w/ agent and save. Which of the following disclosures must Ben make? 1. paying a finders fee to an unlicensed person 4. corporate attorney, which person must have a license issued by the real estate board? 4. the local association of realtors, Rainy Yeng has been transferred out of the area on an extended work assignment. An unlicensed real estate assistant may do which of the following without a license? B. VA association of realtors 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. 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund 1. renting 1/2 a duplex for a friend Administrative Discipline: What are the Possible Sanctions? 2. independent contractors, negotiating leases on behalf of another for a fee 1. 3. charges more than the legal maximum commission rate If you are having problems completing the application process, please contact us at 517-241-0199 for assistance and we can help walk you through the process. 2. Larry, knowing that Mark will benefit from the extension because he will not be given possession of the house he has purchased until his sale closes, signs Mark's name to an addendum extending the closing. In the situation described, which of the following statement is true? 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 . 3. an attorney who is offering real property for sale under court order C. $600,000 2. 2. apply for reinstatement of her license and pay a fee 3. both the tenant and owner are subject to board regulations 4. none of the above, a broker may place a sign on a property when he: 1. inform his employing broker 3. such actions could be viewed as creative selling, which does not violate license law or board regulations 1. the office must be licensed 1. Patricia Plante, a licensed New Jersey real estate broker-salesperson, Somerset County - By Final Order of Determination dated July 31, 2014, the Commission administratively determined that Plante violated N.J.A.C. 4. that he cannot accept the listing, if the board receives a written complaint about a licensee, what if the first they will do? 3. a court of law having jurisdiction over the brokers 2. associate brokers and salespersons 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? 2. legal, if disclosed im writing to all parties 1. the executor of an estate Go to the website www.studentaid.ed.gov and list at least five basic eligibility requirements to receive student aid. 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? Dealing honestly and fairly; 2. 2. any property owner 2. this is a questionable business practice and may constitute mail fraud 1. automatically suspend the brokers license 1. must be 18 years old 3. meet the current educational requirements and pay the renewal fee 1. only receive referral fees for sending buyers to other salespersons in his office 1. creative marketing Has Larry violated the rules? attempting to change employing brokers more than three times in A study was conducted in which students were asked to estimate the number of calories in a cheeseburger. 3. take the continuing education course and apply to reinstate his license 2. A fine of $1,000 was imposed. 3. the office must have a separate license 2. a fine only 4. both 1 & 3, a salesperson wishes to transfer from one broker to another. Credit card sales (2% credit card fee)$250,000. 2. local association of realtors 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 2. should have known about the improper dealings performed by his salespersons Under the circumstances, which of the following statements is true? B. 3. a trustee, appointed by a court D. any felony conviction 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? $20 every year D. All of the above, The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund, When the Transaction Recovery Fund balance falls below a statutory minimum, it results in: 3. acceptable, if the compensation is less than $500 Real estate managing broker license fined $10,000 for engaging in licensed real estate activities without a license, entering into 1. should contact the local realtors association and obtain a temp license to sell property 3. is not regulated by the board 1. failing to get a clients written consent to advertise his property 1. for failure to pay an assessment to the TRF 3. the salesperson license will be temporarily suspended until the board can schedule a formal hearing 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. License Categories [G.S. 2. darrell the contractor 2. the VA real estate board Call Paula after 5 at 123-4567." 1. the broker has violated board regulations, which preclude paying valuable consideration to an unlicensed person 3. gene must obtain a brokers license 4. disparate impact, a licensed real estate salesperson may receive money to manage real property from: 4. be a resident of VA, by VA regulation, a licensee that is "actively engaged" is defined as someone who works: 3. a property manager who leases property for the owner in the course of his employement A. For failure to pay an assessment to the TRF within 10 days 1. a broker or a salesperson that has been defrauded in a real estate transaction 2. 4. either 1 or 3, which of the following statements must be true about a real estate salespersons license? real estate commission for which of the following reasons? He now owns a small bakery in Tuscaloosa. Three times a year, the DRE offers an open forum meeting to members of the industry. 4. ask another salesperson in the office to present the offer, Broker Foster manages an apartment building for Owner Smith. 2. the friend must have a law degree Round answer to the nearest cent. 1. gene should send his license to the board and request an associate brokers license 4. 1. suspend the respondents license 30 in a two year period, Kerra the Consumer has filed a claim for payment from the Transaction Recovery Fund. 1. 4. 2. designate one location as the main office If approved, the Virginia Real Estate Board must do which of the following actions? 1. kept for a period of 7 years 3. keep records for a period of 10 years 3. a real estate developer that has been defrauded in a real estate transaction What must the licensee do if she wants to remain licensed? 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. 600,000 Main: 919-875-3700. 20 every year 1. be retained by the principal broker indefinitely 2. a lender, to recover losses sustained due to a real estate agents misrepresentation 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? The licensee has 4 years to repay the Fund Prepare the balance sheet for Wilson To"\ving Service as of June 30, 2018. 1. investigate the actions of any real estate broker or salesperson 2. the VA association of realtors 2. the claimant assigns his rights to the board, to the extent of the amount of money paid by the fund 180 4. both 2 & 3, Jane has been out of town on personal business. 4 years What is the maximum that one licensee may be assessed during a two-year period? The Iowa real estate commission has authority to impose, after proper procedures have been initiated and followed, the following disciplinary penalties: . C. Kerra claim cannot include interest in her damages 4. she must affiliate with a licensed VA broker, Angela operated her own brokerage firm until she unexpectedly passed away. 3. inducement 2. a salesperson who holds a business entity license 1. trustee acting under a court order 1. the MLS service 2. does not comply with the regulations 10,000 3. apply for inactive status for the salesperson 2. yes, as long as the owner is aware of it 2. a salesperson with 5 years experience may run the office 4. sign an affidavit that they understand the laws in the state of VA, take and pass the VA portion of the licensing exam, the real estate board is responsible for: B. habitual intoxication or drug addiction agreement of sale MUST contain the. 3. with written permission of each broker 31 days, The Board determines that a licensee misrepresented information on her license application. 2. be a US citizen 3. 1. president of the corporation 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. VA association of realtors regulations 2. the seller needs a larger house What must she do? A) Cynthia, age 55, who has a master's degree and has lived in Alabama for the past five years.