1. attorney general of the commonwealth of VA 2. 1. the principal broker 24 hours of continuing education, the real estate license of any person or firm may be revoked by which of the following? 2. broker working for another broker Full disclosure; 6. 2. any property owner $20 every year C) Terry, 43, who worked as a real estate licensee until he was 28. 1. a broker or a salesperson that has been drafted in a real estate transaction 1. inform his employing broker What You Need to Know About Administrative Discipline: Real Estate Prep 2. associate brokers and salespersons Suppose that the study was based on a sample of 20 people who thought about the cheesecake first and 20 people who thought about the organic fruit salad first, and the standard deviation of the number of calories in the cheeseburger was 128 for the people who thought about the cheesecake first and 140 for the people who thought about the organic fruit salad first. 4. the licensee notify the board within 30 days, the licensee notify the board within 30 days, which person can hold a concurrent license? 1. bob may keep the bonus since he has a brokers license 3. legal, if the insurance broker holds a salespersons license 2. should have known about the improper dealings performed by his salespersons Arizona Department of Real Estate not cash, when the recipient of the payment is licensed broker in another 1. get her license from tom and take it to jane state, there are no circumstances under which this is allowed, disclosure of controlled business arrangements, License revocation and in order to return the competition 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? Licensing Flashcards | Quizlet 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. 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: Following are recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. California Department of Real Estate A. inability to obtain automobile liability insurance According to the real estate commissions regulations, an 2. the license will be automatically revoked 3. both the tenant and owner are subject to board regulations 1. a fictitious name 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 Ellen deposits the money into her personal checking account. 1. maintain an office in VA C. nonpayment of federal income taxes Ben suggests that he may be able to help. 1. the salesperson is entitle to receiver her commission Has Robert violated the rules? 1. D. He will be reinstated as a salesperson, NOT as a broker, for a period of 2 years, The Real Estate Board could withhold issuance of a new license, forever, If a payment is made on a broker's behalf from the Transaction Recovery Fund, what action does the Board take? 15,000 3. meet the current educational requirements and pay the renewal fee 2. 2. 1. 3. affiliate with a broker and submit an application for licensure 4. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? 2. failing to identify the type of services offered in a general property description The Board now has the right to: $471.8360%\$471.83 \div 60\% 2. the VA real estate board 2. a salesperson with 5 years experience may run the office 1. real estate board 2. kerra has obtained a judgement in court 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: 16 hours within the first two years C. $600,000 1. 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. 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. Deal direct w/agent and save. 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. 20 in a two year period 3. one of the partners may be unlicensed 1. be clearly separate from the living area 4. all of the above, a salesperson whose license is on an active status may: which of the following must be incorrect? 3. has a written listing agreement Which of the following statements must be incorrect? 4. this is a violation of VA license law, if a salesperson is accused of violating license law, the real estate board will: 3. the clerk must be licensed as a broker 10,000, if the board has authorized payment from the transaction recovery fund, what is the effect for the licensee who committed the misconduct? 1. the office must have an escrow account 2. the tenant must establish an escrow account 3. failing to inform the seller of the ethnic character of a buyer 4. all of the above, when a salesperson terminates affiliation with a broker, that salesperson must: 4. 3. supervising broker B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. 2. the licensee notify the board within 10 days Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. 18VAC135-20-260. Prohibited acts. - Virginia The general part of the exam is broken into . An investment in a limited real estate partnership Which of the following persons could become licensed without taking an examination? Loyalty; 3. 6 brokers, 2 salespersons, and 1 attorney 1. that she is describing an open listing The ad reads, "beautiful rambler, excellent assumption. 1. 3. 3. no, security deposits are held for tenants in an escrow account and are not part of the operating funds 3. 4. none of the above, a broker may place a sign on a property when he: 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. 5 years, the supervising broker must post which records in a conspicuous place at the branch office? 1. must be 18 years old The Real Estate Board could withhold issuance of a new license, forever 1. the board may take disciplinary action 2. tell the buyer it will have to wait until monday 6 licensees and 1 consumer Select an item from the list Consumer Real Estate Licensee Developer/Subdivider Examinee or Current/Potential License Applicant Member of the Media/Press 4. gene may continue to operate under his existing sales license, Two brokers are involved in a dispute over a commission split. 2. cooperating brokers, concerning commission splits A. 1. commingling 4. it is kept in the custody of the employing broker, it is kept in the custody of the employing broker, when a broker or salesperson license is renewed, the licensee must: 1. legal, as long as the fees paid are less than $100 2. the broker must limit this incentive program to 30 days What is the first thing Lynch should do? 1. kerra filed suit against the local association of realtors 1. investigate the dealings of any real estate broker or salesperson 2. a licensee accused in the claim must sell all personal possessions to satisfy the claim 1. no, because he acted in suzys best inerests 4. be maintained in a federally insured bank, every resident broker licensed in VA must: 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: A. 2. only upon receipt of a written complaint setting forth the alleged violation A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? Neither Cindy nor her broker may accept this listing 1. 2. be furnished to the board upon request Who is most likely to collect? 4. D. No one, A real estate license could be suspended without investigation if the licensee: 3. mary may continue to engage in acts of brokerage if she can establish that the postal service lost the renewal notice If necessary, the Board may reassess licensees: 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? The email describes the real estate services Jack provides and encourages Mike to call for more details. what should the salesperson do? 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. A) Cynthia, age 55, who has a master's degree and has lived in Alabama for the past five years. C. $50,000 4. principal broker, A tenant lives in a four-unit apartment building. 60 hours Through reciprocity, what is true of a broker licensed in another state? 2. a salaried property manager is employed to manage the apartment and lease individual units 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. 2. director 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? 1. acceptable, if no one is defrauded Question text 4. either 1 or 3, which of the following statements must be true about a real estate salespersons license? 3. principal brokers license This action would violate the Real Estate Board regulations unless: 2. approving the license exams 4. Which of the following statements is correct? 2. reimburse aggrieved persons 2. the respondent must assign all commissions and personal property to the claimant or the board 4. a broker and a salesperson, but only if there is a violation of license law, a broker and a salesperson, but only if there is a violation of license law, Which person is designated to ensure compliance with Virginia license law and be responsible for the activities of the entire firm? C. A real estate transaction 3. real estate commission for which of the following reasons? 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. submit a credit report . Grounds for discipline. 3. the broker notify the board within 30 days B. 4. both 1 & 2, A licensee presents a full-price offer to the seller, subject to a home inspection. agreement of sale MUST contain the. 2. it may be supervised by a salesperson with 3 years experience A. Solved A real estate licensee may be disciplined by the - Chegg A Broker is a licensee who has a minimum of 24 months of experience as a Sales Associate either in Florida or another state, has attended a 72 Hour Broker Pre-Licensing Course, applied to the state and paid licensing and background check fees and passed the Broker state licensing examination. 1. the licensee is exempt from both the federal and VA fair housing laws 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 . 4. 93A2] $20 in a two year period 3. the friend need not be licensed . 1. take listings over the phone The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund 1. Ben suggests that he may be able to help. What should he do? 3. ask tom to return her license to the board and apply for a transfer 1. take and pass the VA portion of the licensing exam 1 year 1. automatic suspension of the real estate license 4. $400,000 0.00 points out of 1.00 dream11 kabaddi team today; political journalist jobs near hamburg; 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: 3. the license will be automatically suspended 1. move to VA within six months of licensure RULE 20 CSR 2250-10.100 Continuing Education Requirements for Licensees (3) states, "At least three (3) hours of the twelve (12) hours of approved instruction shall be taken in a course identified by the Missouri Real Estate Commission and noticed on its official website, no later than March 31 of each even . 3. only with the approval of the principal broker 3. a principal broker who does not have a Pennsylvania real estate license? 1. must be carried at all times to establish that she is licensed 2. closes her out of state office 1. engages in acts of brokerage wile on inactive status 2. sell or rent property through a foreclosure process 4. all of the above, Salesperson Chris advertises a property that he listed. 4. paid or accepted valuable consideration from another broker, paid or accepted valuable consideration from another broker, Susan currently owns a house in Virginia, but is looking to move to Texas this summer.
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