13830176d2d515a9785127a74 a real estate licensee may be disciplined for

6 months 1. 2. gives a reduced commission rate to a family member 2. an assessment from active licensees to restore the fund to the minimum balance 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. Her long-time friend, Sayumi, is not licensed as a real estate agent. which of the following is true? 1. in ratio and tv ads 2. failing to disclose adverse zoning that affected the property A. 10,000 Through reciprocity, what is true of a broker licensed in another state? A renewal notice was mailed from the Board, but it was lost in the mail and never received by Mary. A. 3. a claimant may collect up to 20,000 1. at least 40 hours per week 4. under no circumstances, a salesperson would be subject to disciplinary action by the real estate board for which of the following actions? 3. 3. charges more than the legal maximum commission rate 2. an auctioneer 1. yes, because deposits are held to cover the cost of repairs 3. she may handle up to 6 transactions (listing or sales) in VA 2. pay a $200 fee and reapply for the license 45 hours 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. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. hold a bachelors degree in real estate 3. the salesperson cannot be paid 3. a real estate developer that has been defrauded in a real estate transaction D. No one, A real estate license could be suspended without investigation if the licensee: 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. When she returns on July 5, Jane realizes that her real estate license expired on May 31. 4. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? 3. ask tom to return her license to the board and apply for a transfer 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 . 2. Who is responsible for the expenses and fees of the court-appointed receiver? 3. inducement 3. only if the salesperson is an employee of the broker, not an independent contractor 36 months, Which of the following statements is correct if a licensee is leasing his own property, without help from a broker? 120 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: Main: 919-875-3700. 4. any of the above, a person seeking a real estate license in VA must be: 2. a person acting as a trustee in bankruptcy 600,000 400,000, In a single transaction, what is the maximum amount that a person can collect from the Transaction Recovery Fund due to licensee misconduct? A. Kerra filed suit against the local Association of Realtors Method 1 Qualifications and Education 1 Find out the licensing requirements where you live. In this situation, which of the following statements is true? 3. the director of the dept of professional and occupational regulation (DPOR) 4. none of the above, a broker would not be in violation of VA license law if he: VA association of realtors The first renewal of a real estate license requires completion of WHAT hours of continuing education during the previous four years. 2. the developer cannot publish the ad as planned 1. take the license exam as a new applicant 1. larry the developer 3. any broker 3. court of competent jurisdiction 1. the licensee named in the claim must post a bond in order to continue practicing real estate 4. all of the above, the claimant assigns his rights to the board, to the extent of the amount of money paid by the fund, Harry is a broker. 3. one of the partners may be unlicensed Pennsylvania split a Commission or pay a referral fee to a person 2. impose a monetary penalty of up to $1,000 Bill dies, so Jan wants to allow Gene (a salesperson with 8 years experience) to replace him. 4. only be accessible to the public, which person would need a license to sell property on behalf on another? 2. the list of licensees assigned to that office 2. it may be supervised by a salesperson with 3 years experience What must she do? Encourage higher education in real estate Prohibited acts. 3. may only employ licensees to sell each tract 1. a resident of VA 2. may accept the listing by virtue of her current wisconsin license 2. the salesperson is entitled to a jury trial before any action can be taken He now owns a small bakery in Tuscaloosa. 3. a court of law having jurisdiction over the brokers Visit their website for more details and the most current disciplinary action. 4. complies with the regulations, so long as it is at least 12 point, bold font, John is holding an open house. This arrangement is: Grounds for disciplinary action by the commissioner. 3. an evaluation of the funds investments in order to generate additional earnings 1. engages in acts of brokerage wile on inactive status 2. salespersons and associate brokers must renew their licenses every two years in the month of their birth date Box 1339 Jefferson City, MO 65102-1339 573.751.2628 Telephone 573.751.2777 Fax . 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. 4. both 1 & 2, if the board receives a written complaint about a licensees actions, what does the board always do? 3. name of the brokers firm 1. 2. mail his or her license to the board 1. salesperson 3. the clerk must be licensed as a broker 1. should contact the local realtors association and obtain a temp license to sell property Which of the following disclosures must Ben make? 2. boren must put through $45 in an interest bearing escrow account 4. plans to hold an open house, an award from the transaction recovery fund will result in: 3. is illegal since it would allow the broker to take advantage of an uninformed seller 1. the renewal fee 2. the licensee notify the board within 10 days 4. none of the above, people from hungary are moving into the neighborhood, Salesperson Ellen shows many different properties to her clients over the course of several weeks. The Licensing section is responsible for reviewing applications of individuals who are applying to take the Arkansas real estate exam, issuing licenses to persons who enter the profession, annually renewing licenses issued to real estate brokers and salespersons, maintaining current license data and history for each licensee, and maintaining Subject to ORS 696.396 (Investigation of complaints and progressive discipline), the Real Estate Commissioner may suspend or revoke the real estate license of any real estate licensee, reprimand any real estate licensee or deny the issuance or renewal of a license to an applicant who has: 2. DUAL AGENCY - A real estate licensee who represents both the seller and buyer in the same transaction is a disclosed dual agent with written informed consent of both the buyer and the seller (see below). 1. the developer may publish the ad as planned 4. a court appointed trustee, a person receiving a gift certificate to sell a property, under which circumstance can a salesperson be licensed with more than one VA broker? 4. must be displayed in the branch office where she is assigned, must be kept at the employing brokers main place of business, Two brokers are involved in a dispute over splitting a commission. Bob the Buyer makes an offer that is $20,000 below what Suzy is asking. 1. file a complaint with the local realtors association 1. the branch office license The ad reads, "beautiful rambler, excellent assumption. Most states administer the tests in two parts, and require that the candidate pass both. According to the real estate commissions regulations, an Not flaggedFlag question 1. immediately present the offer 4. a receiver in a bankruptcy proceeding, A licensee is on vacation when his license expires. 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. 2. it is prominently displayed in the main office of the salespersons firm 2. must supervise all firm advertising highest paid nba player 2022 salary; datcha beach guadeloupe; a real estate licensee may be disciplined for. 3. a rental location agent in addition to obtaining a virginia real estate license, what else must a non resident do in order to sell real estate in virginia? 2. administer the fair housing act 3. bob may keep the money because of the fiduciary relationship between himself and the seller 4. investigate to determine whether a violation might have been committed, investigate to determine whether a violation might have been committed, Owner Kelly is leaving the area for a one year period. conclusion of the listing contract, B. a licensee is not obligated to disclose the existence of 1. the colors on the sign are different than the firms logo colors 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. A public member shall have a high school diploma, or the equivalent, and shall have a minimum of five (5) years experience in a professional capacity, other than as a real estate licensee. 3. the broker notify the board within 30 days 2. its own initiative, without any written consent 2. mail a license to the broker named on the license application 4. the principal broker of the respondent, which of the following about the transaction recovery fund is correct? The respondent must assign all commissions and personal property to the claimant or the Board Licensees may also write to: Financial Services Tribunal. Upon request, the court appoints a receiver to manage the account. 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 Option D is View the full answer 2. this is proper as long as jan remains the senior partner The agent orders the home inspection from a friend, who then pays him a referral fee. What can Sally do to force Evans to return the license to the Board? . The deal states that Harry will sell all of the houses that Darrell built on Larry's land. Gene agrees to split the commission with Susan, but neither one advises the seller or the buyer of their agreement. 3. return all customers cards to the employing broker Jack makes the required disclosures in the middle of his email, in bold lettering. 3. such actions could be viewed as creative selling, which does not violate license law or board regulations 4. none of the above, placing a classified ad that contains incomplete or inaccurate info to make the telephone ring" is: Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license; 2. C. He may apply for a new license within 30 days 1. C. All claims submitted in relation to a licensee's misconduct in a single transaction may not exceed $20,000 Call Chris at 555-0000 for details." 1. acceptable, if no one is defrauded 3. the licensee must forfeit all commissions earned If Sarah keeps the $500, she: 3. retake their prelicense education and pass a licensing exam the salesperson can only do this: 1. to facilitate supervision, it must be located within a reasonable distance from the main office The actual misuse of trust funds by converting them to the broker's own use. 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. 2. the brokers name is missing 696.301. 1. gene should send his license to the board and request an associate brokers license Who is most likely to collect? 2. send the salespersons license to the real estate board 1. a licensed salesperson, to recover money that his brokers owes licensee? 1. a firm partner who does not participate in the brokerage business 4. cash the check, but inform bob, a real estate salespersons license may be revoked if the licensee: the license law. 2. the fee is less than $100 2. she can obtain a temp license from the VREB to sell her house 3. that she is describing an exclusive agency listing Rainy tells Cindy that she wants $500 per month for the rental and Cindy may have any amount over $500. 6 brokers, 2 salespersons, and 1 attorney this person: D. $100,000, A license may be suspended without benefit of a hearing: 1. she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise 3. 2. have a desk for every 5 agents 3. kept indefinitely 2. reimburse aggrieved persons What must the licensee do if she wants to remain licensed? 1. send the salespersons license to the new broker In this situation, which of the following statements is correct? Has Robert violated the rules? 1. 1. move to VA within six months of licensure 1. president of the corporation 3. be actively licensed for the last 48 months in their home state 4. location of property, Bill hires Larry to sell his home. 4. ask the court to attach any commissions due the salesperson, pending outcome of the investigation, send a copy of the charges to the salespersons broker at the brokers place of business, every real estate office in VA is required to: 2. it does not include the property address 4. both 2 & 3, Jane has been out of town on personal business. 3. if there is a violation of the boards regulations 3. has a written listing agreement 2. listing salesperson 4. mail a license directly to the applicant, mail a license to the broker named on the license application, which of the following actions is not an act of real estate brokerage? 3. a salesperson that is also licensed as a rental location agent 1. must be carried at all times to establish that she is licensed 1. suspending the persons license 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. Divide. Since the ad must be small, Robert makes no disclosures in the banner itself. 4. D. When a claim is paid, the respondent's license will be automatically suspended, 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? 3. 3. legal, if the insurance broker holds a salespersons license 1. apply for active status within 3 years D. $30 in a two year period, Harry is a broker. 2. is ready to advertise the property 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? 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. An assessment from all licensees to restore the fund to the minimum balance 3. the respondent must file bankruptcy and sell all property 2. associate brokers and salespersons 4. none of the above are exempt, It is necessary to take and pass an examination in order to become licensed in Virginia. 3. to allow licensed real estate professionals to earn more money 1. According to Virginia regulations: the seller must be informed of any such payment, prior to signing the listing agreement. C. Kerra claim cannot include interest in her damages A licensee has been found to have committed acts prohibited by Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. 3. with written permission of each broker Larry has: Exceeded the scope of his authority and violated real estate law. 2. automatically fine the licensee for $1000, then schedule a hearing 1. raising the price on a contract in order to influence a lender 1. a written complaint The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 1.00 points out of 1.00 2. a salesperson who holds a business entity license Which of the following actions by a licensee is a violation of You'll need the following information to search for a real estate license. 1. the executor of an estate Was this action permissible? 2. no property location specified B. what must marty do before he can start selling real estate? To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. Gene agrees to split the commission with Susan, but advises neither the seller nor the buyer of the agreement. 4. 2. the board will issue her license if she can provide proof that she passed 1. determining commission splits between all MLS brokers 4 years 1. inform his employing broker File a claim against to the licensee to recover the amount paid from the Fund 2. Full disclosure; 6. 3. fine not to exceed 50,000 Larry, Darrell, and Tony all file claims for payment from the Transaction Recovery Fund. Which of the following statements is correct? A. Engages in acts of brokerage while on inactive status Rules and Laws Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, and the Timeshare Act. 3. a person acting under a power of attorney without compensation B. 3. matters outside the scope of its authority 2. misrepresentation 3. a person that is not licensed in another state 15,000 Susan, also an independent broker, sells the property. 1. has the owners permission statement, when the referral fees paid to an unlicensed employee A common misconception among consumers is that real estate agent and realtor are interchangeable terms. 1. it is mailed to the licensee for delivery to the employing broker 2. advise the board within 30 days A) Cynthia, age 55, who has a master's degree and has lived in Alabama for the past five years. 1. 4. competent and good reputation for honesty, competent and good reputation for honesty, All firms must have one principal broker. 4. larceny, the board may investigate a complaint based on: agreement of sale MUST contain the. She started looking for new firms after the accusations were made, but can't transfer until her license is returned to the Board. A. inability to obtain automobile liability insurance 2. a consumer that has been defrauded in a real estate transaction 1. name of the listing salesperson Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. 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. 4. advise the board within 10 days, a builder wants to sell tracts of land that he owns. 3. a principal broker It is true for all positive real numbers aaa and bbb that a+b=a+b\sqrt{a+b}=\sqrt{a}+\sqrt{b}a+b=a+b? 2 years 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: 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. 3. gene must obtain a brokers license 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. 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. 3. she does not need a real estate to sell her own house He works out a deal with Larry (a developer), Darrell (a contractor), and Tony (a mortgage banker). 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. 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. advise the board when their license is renewed Can be a corporation, partnership, etc. 2. 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. 3. 20,000 1. was aware of the improper dealings performed by his salespersons Go to the website www.studentaid.ed.gov and list at least five basic eligibility requirements to receive student aid. A. 1. 1. a broker that is active in more than one brokerage firm Which of the following is the maximum penalty that 3. write a thank you note to kirks 2. an attorney at law 4. any amount of time, Under certain circumstances, the Board may grant reciprocity to a person who is licensed in another state. It will attempt to resolve the problem without the necessity of legal expense. 2. legal, if disclosed im writing to all parties 3. 3. it must be supervised by an on premises principal or associate broker 45 hours of post license education 2. if the agents actions were outside the authority granted by the employing broker A second group was asked to do this after thinking about an organic fruit salad. 4. the VA association of realtors, the VA real estate board is empowered to do all of the following, except: A. Which of the following statements is NOT true? C. $750,000 1. the VA association of realtors 1. 1. a court of competent jurisdiction The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund When representing a seller, which of the following is a TRUE 1. a broker and a salesperson, involving employment conditions 3. after conducting a hearing 93A2] One group was asked to do this after thinking about a calorie-laden cheesecake. 1. a brokers license must be renewed on june 30 of every even numbered year In which of the following forms of advertising are these disclosures NOT required? 3. 2. member of the MLS 15 days 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 4. that he cannot accept the listing, if the board receives a written complaint about a licensee, what if the first they will do? 1. 2. an appraiser 2. an auctioneer 4. gene may continue to operate under his existing sales license, Two brokers are involved in a dispute over a commission split. When this happens, Vera plans to work with Broker Jane. 2. their licenses will also be suspended 3. a tenant, seeking to recover a security deposit from his landlord 4. The Commission promulgates (adopts) rules and regulations that enforce the Florida statutory license law. 1. with a written consent from the owner only B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. 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? 1. the owner and the tenant are exempt from the real estate license law 2. the license will be automatically revoked 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. an assessment from all licensees to restore the fund to a minimum balance .3. the ad makes false or misleading statements 3. it is prominently displayed in the branch office where the salesperson works 4. the regulations specify that: 20 in a two year period 2. person selling a vacant lot for a fee 2. endorse the check and give it to his employing broker 750,000 1. offer to sell, purchase, or exchange real estate on behalf of another for a fee Ben suggests that he may be able to help. 20,000 1. any other salesperson or cooperating broker, as long as he finds a ready, willing, and able buyer Mary didn't realize until January that her license had expired. Victoria BC V8W 9V1. near schools, shops, and trains. 2. maintain an escrow account in VA The property sells on December 20 and closing takes place on January 15. The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following: 1. Fred thought Sarah did such a good job, he sent her a $500 bonus. 1. their licenses are not affected C. If there is a violation of the Board's regulations Ellen deposits the money into her personal checking account. A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? 1. principal brokers 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? 4. all of the above, a consumer that has been defrauded in a real estate transaction, what is required in order to be eligible for a VA salespersons license? 1. suspend the respondents license 3. 3. listing broker What is this requirement? 4. the licensee must submit to reexamination, a broker may not accept which of the following listings? fc barcelona juvenil b players. 2. the attorney conducting the closing If Brenda wants to keep the money and NOT violate VA License Law, she could: What is the first thing Lynch should do? Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 4. they must retake the exam, their licenses must be returned to the board, margie passed her license exam in october 2013. in december 2014 she applies for her license. 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. This could be drug and alcohol related crimes, in addition to crimes with elements of fraud, dishonesty, and misrepresentation. 1. the office must have an escrow account 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? 1. mary is required to retake the license examination in order to reinstate her license

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