the expanding universe activity 2 answer key / mahjong tiles engraving / mahjong tiles engraving 2. failing to disclose adverse zoning that affected the property What must the licensee do if she wants to remain licensed? 2. the fee is less than $100 a real estate licensee may be disciplined for. 4. grounds for suspension or revocation of a license, grounds for suspension or revocation of a license, the board may take disciplinary action against a: 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: 4. C) Terry, 43, who worked as a real estate licensee until he was 28. A. a licensee's obligation of confidentiality ends at the 3. gene must obtain a brokers license 2. the tenant must establish an escrow account B. 4. review the complaint to determine if there is a possible violation of license law or board regulations, review the complaint to determine if there is a possible violation of license law or board regulations, it is a violation of VA license law to induce another person into selling their property by representing that: the authority of a court order, b. an attorney at law who participates in real estate 2. any property owner In the context of this study, what is the meaning of the Type I error? Administrative Discipline: What are the Possible Sanctions? C. $50,000 1. All real estate licensees are subject to discipline by the REEB as well as litigation. 3. Authorized Real Estate Schools | Mass.gov 1. a member of the national association of realtors 2. a consumer that has been defrauded in a real estate transaction Every once in a while, she gives Berry information about people leaving the area so he can contact them as potential clients. 3. net listing At Uptown Arts, gross sales for the month included: Sales on account (2/10, n/30) $350,000 Round answer to the nearest cent. B. dream11 kabaddi team today; political journalist jobs near hamburg; 3. meet the current educational requirements and pay the renewal fee She asks Salesperson Boren to manage her rental home for $45 per month while she is gone. 3. she may handle up to 6 transactions (listing or sales) in VA Deal direct w/agent and save. 3 years The claimant assigns his rights to the Board, to the extent of the amount of money paid by the Fund Allison is guilty of: Can be a corporation, partnership, etc. 20 every two years 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: 2. yes, as long as the owner is aware of it 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. 4. when the salesperson refuses to perform real estte duties, when the salesperson refuses to perform real estate duties, if a licensee has placed her license on inactive status, it means: 3. susan is guilty of accepting money from someone other than her employing broker 150 3. file a complaint with the real estate board which is true? 2. the list of licensees assigned to that office File a claim against the licensee to recover the judgement amount awarded by the court 3. the licensee is required to disclose the name of his employing broker 1. failing to get a clients written consent to advertise his property Which of the following actions by a licensee is a violation of 20 in a two year period This could be drug and alcohol related crimes, in addition to crimes with elements of fraud, dishonesty, and misrepresentation. 2. the friend must have a law degree 2. a person receiving a gift certificate to sell a property 3. 2. hold a bachelors degree in real estate 3. encouraging a homeowner to sell since minorities are moving into the neighborhood 1.00 points out of 1.00 PDF Complaint Discipline Procedures - North Dakota Real Estate Commission 3. be furnished to the board every 3 years A. inability to obtain automobile liability insurance unspecified. 3. an employee of a broker, who negotiates leases Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license; 2. 1. is in violation of the VA license law 4. Since the ad must be small, Robert makes no disclosures in the banner itself. 3. the real estate board 2. acting for both buyer and seller with their mutual consent 2. illegal near schools, shops, and trains. What must she do? C. A claimant may collect up to $20,000 1. file a complaint with the local realtors association 2. file a claim against the salesperson in a court of competent jurisdiction 3. is not in violation of the VA license law, so long as she informs the buyer 3. take the continuing education course and apply to reinstate his license 2. she can obtain a temp license from the VREB to sell her house Which of the following statements must be incorrect? Which of the following statements is true regarding the advertisement? 10,000 They give Ellen $500 as compensation for all of her hard work. A. Kerra filed suit against the local Association of Realtors Operations Management questions and answers, A real estate licensee may be disciplined by the Pennsylvania if the broker knew or should have known of agents actions. The Board now has the right to: 3. this is fine because the compensation is less than $1000 relocation service of a Corporation, when payment is in the form of entertainment goods services and In this situation, which of the following statements is true? Real estate license - Wikipedia Why is this ad in violation of Board regulations? 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. 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. for failure to pay an assessment to the TRF Evaluate the indicated limits if they exist. 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? 3. the director of the dept of professional and occupational regulation (DPOR) 4. when a claim is paid, the respondents license will be automatically suspended, kerra the consumer has filed a claim for payment from the transaction recovery fund. B. License Categories [G.S. 3. selling a business for a relative B. Who is most likely to collect? 1. member of the MLS 3. Test the following rules with several different sets of numbers. After that, Tony would handle the mortgages of any buyers through his bank. 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. 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: When this happens, Vera plans to work with Broker Jane. 1. nothing B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. 3. person selling industrial real estate full time 4. the seller must be informed of any such payment, prior to signing the listing agreement, in accordance with real estate board regulations, all records of transactions and closings maintained by a broker must be: 193E4.2(543B) Method of discipline. Prepare the balance sheet for Wilson To"\ving Service as of June 30, 2018. Seller anxious to move. 4. 4. accepting a referral fee from an out of state broker, through his employing broker, paying a finders fee to an unlicensed person, a broker placed one of her signs on property without permission from the owner. Several weeks after closing, the seller sent him $250 and a thank you note for a job well done. 210, mart fields just found out that he passed the VA real estate sales exam. On the day of the showing, he places several directional signs throughout the neighborhood. 1. trustee acting under a court order 3. the code of ethics for real estate professionals Placement of directional signs is illegal if: The mission of the California Department of Real Estate is to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement. 4. non resident, licensed in another state as a broker, if a licensee changes their surname, it is the responsibility of the licensee to: 3. the friend need not be licensed C. The respondent must file bankruptcy and sell all property 2. darrell the contractor 12 months 1. the licensee has 4 years to repay the fund 3. if the owner is a non resident of VA 1. the principal broker If a salesperson quits or is discharged by his or her broker, the broker is required to return the salesperson's license within: All transactional documentation for listings, purchase and sale agreements, property management activities, exchanges, and trust account records must be retained for a period of: Depositing trust funds with personal or business funds. When people make estimates, they are influenced by anchors to their estimates. 2. endorse the check and give it to his employing broker 4. either 1 or 3, which of the following statements must be true about a real estate salespersons license? 4. is in violation of the VA license law, unless she fails to inform the board, according to VA license law and the regulations of the board, a salesperson may accept a net listing: 4. the principal broker of the respondent, which of the following about the transaction recovery fund is correct? 2. should have known about the improper dealings performed by his salespersons 4. a 20% decrease in the maximum payment one may receive from the fund, an assessment from all licensees to restore the fund to the minimum balance, 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? 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. 3. a college grad statement regarding the duties a licensee owes to the 1. misrepresentation 1. get her license from tom and take it to jane Florida Real Estate Brokers: If Disciplined, You Could Be Punished Twice? 2. give additional info to callers about available listings The notice of intent to issue a cease and desist order must include a statement of the alleged unlicensed activities, and failure to file a request for a hearing within 20 days after service of the Notice is considered a default, allowing the Director to make a permanent cease and desist order . 3. administrative process act 4. gene may continue to operate under his existing sales license, Two brokers are involved in a dispute over a commission split. 1. the business name must include the name of the investor 4. the branch office must display the licenses of all agents assigned to that particular office, when a salesperson transfers from one broker to another, it is the salespersons responsibility to: Call Paula after 5 at 123-4567." Real estate - Wikipedia 3. the renewal fee, plus proof of membership in the association of realtors 4.. all of the above, which person does not require a brokers license? 31 days, The Board determines that a licensee misrepresented information on her license application. 1. the price is not mentioned Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. 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? C. Provide retirement income for brokers 1. complete an 18 credit hour course in the principles of real estate 3. 3. fine not to exceed 50,000 2. if he gives his current broker 30 days notice Ben suggests that he may be able to help. 2. cooperating brokers, concerning commission splits 2. local association of realtors 1. their licenses are not affected 1. a broker or a salesperson that has been drafted in a real estate transaction 3. name of the brokers firm 3. must be kept at the employing brokers main place of business 15 days 3. people from hungary are moving into the neighborhood 3. less than 20 hours per week 1. in ratio and tv ads C. Does not pay the Transaction Recovery Fund assessment administrators, selling property under court order and for a fee B. 2. price that is shown in the listing agreement Copies of an offer to purchase a property must be given to the offeror: Immediately upon obtaining the offeror's signature on the offer. 3. may take new listings and find buyers for any listings on the books For failure to pay an assessment to the TRF within 10 days D. A 20 percent decrease in the maximum payment one may receive from the fund, An assessment from all licensees to restore the fund to the minimum balance, The purpose of the Transaction Recovery Fund is to: 2. the licensee notify the board within 10 days . The [Florida real estate] commission . An unlicensed real estate assistant may do which of the following without a license? Legal Memorandum LI01: Discipline of Real Estate Brokers and The licensee has 4 years to repay the Fund 3. filed a claim against the salespersons broker Vera should: 4. none of the above, placing a classified ad that contains incomplete or inaccurate info to make the telephone ring" is: . 2. person selling a vacant lot for a fee 1. 3. a broker and the local association of realtors 30 hours of post license education . Holding more than one license as a real estate broker or salesperson in Virginia except as provided in this chapter; 3. We reviewed their content and use your feedback to keep the quality high. 2. member of the MLS 1. give back all listings acquired while affiliated with the broker A. Larry, the developer 4. a broker may mange two separate office if they are within three miles of one aother, it must be supervised by an on premises principal or associate broker, an applicant must meet which of the following in order to become a salesperson or broker? Rainy tells Cindy that she wants $500 per month for the rental and Cindy may have any amount over $500. 2. 1. raising the price on a contract in order to influence a lender 2. suspend or revoke any license issued by the real estate board 3. renew his license every 2 years by paying the renewal fee He agrees to maintain the building if he can receive a reduced rental fee. Not flaggedFlag question 2. misrepresentation The commission may, upon its own motion, and shall upon receipt of a written complaint filed by any person, investigate any real estate-related activity of a licensee licensed under sections 339.010 to 339.180 and sections 339.710 to 339.860 * or an individual or entity acting as or representing themselves as a real estate licensee. 3. this is not permissible because the $100 fee must be paid to smith through berrys employing broker 3. advise the board when their license is renewed 2. an appraiser 4. 3. legal, if the insurance broker holds a salespersons license If necessary, the Board may reassess licensees: 1. complete the mandatory postlicense education requirement 4. do nothing, a person applying for a license by reciprocity must: Has Larry violated the rules? 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. 4. ask another salesperson in the office to present the offer, Broker Foster manages an apartment building for Owner Smith. 3.. employ at least one salesperson or associate broker that is also a resident of VA 2. uniform commercial code 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 . 3. the licensee must forfeit all commissions earned PO Box 9425 Stn Prov Govt. 4. none of the above, a broker may place a sign on a property when he: 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. 4. the friend need not be licensed, only if he or she does not get paid, the friend need not be licensed, only if he or she does not get paid, which person is most likely required to have an active real estate license? Real Estate Agent License Practice Test (2022 Current) - Tests.com 3. a salesperson that is also licensed as a rental location agent The business will be operated as a sole proprietorship. B. 1. take listings over the phone 1. 3. his license will expire An assessment from all licensees to restore the fund to the minimum balance d. The problem may be directed to the North Dakota Real . 3. an attorney who is offering real property for sale under court order 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. 4. only be accessible to the public, which person would need a license to sell property on behalf on another? 2. broker working for another broker Instead, Robert provides a link that redirects the user to his web page, which displays the necessary disclosures. 1. the colors on the sign are different than the firms logo colors 3. a property manager who leases property for the owner in the course of his employement Therefore, Robert decides to advertise his firm via banner ads on commercial web pages. 2. send a copy of the charges to the salespersons broker at the brokers place of business 2. send the salespersons license to the real estate board Which of the following statements is NOT true? 1. gene should send his license to the board and request an associate brokers license 3. 2. its own initiative, without any written consent 2. a lender, to recover losses sustained due to a real estate agents misrepresentation Larry, Darrell, and Tony all file claims for payment from the Transaction Recovery Fund. 1. suspension of his license and a fine Divide. ORS 696.301 - Grounds for discipline Three times a year, the DRE offers an open forum meeting to members of the industry. 3. it can refuse to accept open listings 1. principal brokers Credit card sales (2% credit card fee)$250,000. 3. no, security deposits are held for tenants in an escrow account and are not part of the operating funds Reimburse financial losses caused by licensee misconduct 1. an investigation will be conducted unless the law specifically provides otherwise 3. adjudicate disputes between licenses 50,000 In other words, a real estate licensee can legally only pay another licensee for the referral of real estate brokerage business. 4. part of a franchise firm, the VREB regulations require that complete records of real estate transactions: In CA, real estate law is enforced by the: Anything of value to be held for a client or customer. 2. the renewal fee, plus $20 payment for the transaction recovery fund An investment in a limited real estate partnership Lesson 17 Questions | Real Estate Agent | AssignGuru B. 1. the VA association of realtors which of the following is true? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. 2. giving a false address in order to obtain a license 2. he can pay a fine to extend the renewal date 3. acceptable, if the compensation is less than $500 3. hold a hearing to allow the licensee to defend herself 4. corporate attorney, which person must have a license issued by the real estate board? 1. name of the listing salesperson 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? $20 in a two year period In this situation, which of the following statements is true? 2. 4. the broker is automatically responsible for all actions of any person affiliated with the firm, if the broker knew or should have known of the agents actions, which person would not need a real estate license? 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: Automatically fine the licensee for $1,000, then schedule a hearing But, Sally is innocent! 50 1. creative marketing Foster used the security deposits of two tenants (Petri and Gonzales) for general maintenance on the apartment building. 20,000 1. the board may take disciplinary action New Mexico Regulation & Licensing Department | Contact Us | Sitemap 2550 Cerrillos Road, Santa Fe, NM 87505 | Get Directions 5500 San Antonio Dr., Albuquerque, NM 87109 | Get Directions 505 South Main Street, Las Cruces, NM 88001 | Get Directions 1209 Camino Carlos Rey, Santa Fe, NM 87507 | Get Directions 1. sayumi cannot engage in acts of brokerage 2. branch license The email describes the real estate services Jack provides and encourages Mike to call for more details. 2. bob may accept the bonus if more than 30 days have passed since closing