13830176d2d515a9785127a74 a real estate licensee may be disciplined for

1. to facilitate supervision, it must be located within a reasonable distance from the main office 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? 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: VA real estate board This ad is in violation of the Virginia License Law because: An unlicensed real estate assistant may do which of the following without a license? Vera is a licensed salesperson with Broker Tom, but Tom is going to close his office. 4. under no circumstances, a salesperson would be subject to disciplinary action by the real estate board for which of the following actions? 2003-2023 Chegg Inc. All rights reserved. You'll need the following information to search for a real estate license. 150 3. a salesperson that is also licensed as a rental location agent 1. engages in acts of brokerage wile on inactive status 4. deposit the check and say nothing, endorse the check and give it to his employing broker, Salesperson Brenda is affiliated with Broker Bob, who has a listing with Seller Alex. 4. all of the above, The principal broker of a real estate franchise must make certain disclosures when advertising. C. $20 every two years Call Chris at 555-0000 for details." 3. the respondent must file bankruptcy and sell all property 10,000 1. it is mailed to the licensee for delivery to the employing broker 3. must be kept at the employing brokers main place of business 4. all of the above, when a salesperson terminates affiliation with a broker, that salesperson must: 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. 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? Ellen deposits the money into her personal checking account. 4. non resident, licensed in another state as a broker, if a licensee changes their surname, it is the responsibility of the licensee to: 1. she must retake the exam 1. any other salesperson or cooperating broker, as long as he finds a ready, willing, and able buyer Fair Housing CORE Mandate for 2024-2026 License Renewal Period (Next Renewal Period). 4. all of the above, imposing a fine of $5000 for each violation, If a broker acts for more than one party in a real estate transaction without the full knowledge and consent of all parties, it is: 2. both partners must have a brokers license fc barcelona juvenil b players. 3. matters outside the scope of its authority 2. salesperson's employing broker 3. administrative process act real estate commission for which of the following reasons? 1. Several weeks after closing, the seller sent him $250 and a thank you note for a job well done. On the day of the showing, he places several directional signs throughout the neighborhood. 3. 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. 1. renting 1/2 a duplex for a friend 1. 2. principal broker which of the following is true? Has Billy violated the VA License Law? 2. the respondent must assign all commissions and personal property to the claimant or the board A. Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 4. setting the commission rates for different types of property, waiving education or experience requirements, before a person can apply to obtain a brokers license, how much experience must she have as a salesperson? Prohibited acts. 3. they direct the public through a neighborhood more desirable than the subject property 4. 2. illegal, because ellen can only accept money from her broker 2. endorse the check and give it to his employing broker 2. neither the broker nor the clerk is in violation of the law Which of the following is the maximum penalty that 1. take listings over the phone 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. Prepare the balance sheet for Wilson To"\ving Service as of June 30, 2018. In December 2015, the department received a complaint and opened an investigation into allegations the salesperson was using a Facebook page to . 1. a resident of VA 2. designate one location as the main office 4. after 3 complaints have been received, Allison is a broker who knowingly stated an false material fact. 3. net listing 3. improper dealing 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 4. under no circumstances, for failure to pay an assessment to the TRF, the purpose of the transaction recovery fund is to: 4. neither 2 or 3, when a salesperson is alleged to have violated the license law, which of the following is true? $750,000 This arrangement is: Grounds for disciplinary action by the commissioner. In the end, these clients decide to stay where they are and to quit looking for a home. 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: 2. 45 hours of post license education 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 years Allison is guilty of: The Provisions of the Real Estate Licensing and Registration Act apply to a. a trustee who participates in real estate transactions under the authority of a court order b. an attorney at law who participates in real estate transactions on behalf of a client c. a real estate licensee selling real estate she owns 2. maintain an escrow account in VA 4. all of the above, a license may be suspended without benefit of a hearing: 4. the local realtors association, under the brokers supervision, his unlicensed assistant may: 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. 2. its own initiative, without any written consent A) Cynthia, age 55, who has a master's degree and has lived in Alabama for the past five years. B. 2. violates the VA real property act 30 hours of post license education 2. broker working for another broker Three times a year, the DRE offers an open forum meeting to members of the industry. 3. the friend need not be licensed Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license; 2. An investment in a limited real estate partnership A real estate licensee may be disciplined by the Pennsylvania 4. must be in good standing in any jurisdiction where licensed, must complete 145 credit hours of courses approved by the board, For a corporation licensed to engage in real estate business, which individual is primarily responsible for those real estate activities? 1. take the continuing education course 4. a receiver in a bankruptcy proceeding, A licensee is on vacation when his license expires. C. Kerra claim cannot include interest in her damages near schools, shops and trains. Her long-time friend, Sayumi, is not licensed as a real estate agent. 1. the VA association of realtors 3. advertising that a property listed by a firm is for sale by owner 3. susan is guilty of accepting money from someone other than her employing broker 4. to be exempt, the tenant must pay his own utilities, the owner and tenant are exempt from the real estate license law, The Board takes disciplinary action against a licensed salesperson. 4. all of the above, claims for payment from the transaction recovery fund are filed with the: License Categories [G.S. 1. the developer may publish the ad as planned 1. suspend the respondents license 2. it must be in the name of the firm 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. employs a resident broker to represent her 1. yes, because deposits are held to cover the cost of repairs Has Robert violated the rules? 2. closes her out of state office 1. trustee acting under a court order 2. 2. sue evans in the local court Collect it from the broker: [1] Name Mailing address City License ID 2 Search the website. 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: 2. yes, as long as the owner is aware of it 1. an owner who sells no more than three of her own houses in a year 1. name of the listing salesperson When she returned on January 6, she realized that her license had expired on December 31. 1. complies with the regulations 30 hours within the first year 1. the board may take disciplinary action 4. plans to hold an open house, an award from the transaction recovery fund will result in: 60 hours 8 hours within the first year 1. only receive referral fees for sending buyers to other salespersons in his office 2. the brokers name is missing 3. their licenses must be returned to the board 1. it must be supervised by the principal or supervising broker 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? The respondent must assign all commissions and personal property to the claimant or the Board What should he do? 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: licensee? Harry sells three houses, then runs off with all the funds. 1. offer to sell, purchase, or exchange real estate on behalf of another for a fee . Credit card sales (2% credit card fee)$250,000. In this situation, which of the following statements is true? C. A claimant may collect up to $20,000 3. a court of law having jurisdiction over the brokers 1. creative marketing 20 in a two year period Call Paula after 5 at 123-4567." 2. 3. employed by another broker 1. the broker has violated board regulations, which preclude paying valuable consideration to an unlicensed person Which of the following statements is correct? 800,000 B. habitual intoxication or drug addiction 2. automatic revocation of the real estate license 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. 3. sell or rent investment property for profit When people make estimates, they are influenced by anchors to their estimates. B. 2 years 1. if the broker knew or should have known of the agents actions 1. inform their employing broker 3. it is prominently displayed in the branch office where the salesperson works 1. commingling 4. the renewal fee, plus proof of errors and omissions insurance, which person can hold more than one concurrent license issued by the board? Can be a corporation, partnership, etc. 4. list and sell property for relatives at a discounted price, renew his license every 2 years by paying the renewal fee, the VA real estate board has the power to take all of the following actions, except: not cash, when the recipient of the payment is licensed broker in another 3. refusing to hold an open house, at the request of his broker B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. 4. pay the required renewal fees, Jan and Bill have a real estate brokerage partnership. 1. the colors on the sign are different than the firms logo colors transactions on behalf of a client, c. a real estate licensee selling real estate she owns, d. a licensed auctioneer who is auctioning property. After that, Tony would handle the mortgages of any buyers through his bank. The California Real Estate Law provides, in pertinent part (at section 10131 of the California Business and Professions Code), that a "real estate broker" license is required for "a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or .3. the ad makes false or misleading statements year, Soliciting listings in a multi-ethnic neighborhood, preparing a listing contract that leaves the duration A licensee has been found to have committed acts prohibited by Salesperson Brenda receives a check from Seller Alex after finding a buyer to purchase the home. The Board appoints her son, Adam, to operate the business for 180 days. The agent orders the home inspection from a friend, who then pays him a referral fee. 1. larry the developer Ben suggests that he may be able to help. 2. bait and switch 2. if the agents actions were outside the authority granted by the employing broker 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. 2. violation of anti trust laws 1. an auctioneer 3. does not pay the transaction recovery fund assessment B. what must be included in this property advertisement? VA association of realtors regulations 2. salespersons and associate brokers must renew their licenses every two years in the month of their birth date 3. sayumi can be a senior partner, but she cannot be the principal broker 3. is illegal since it would allow the broker to take advantage of an uninformed seller In this situation, which of the following statements is true? 3. both the tenant and owner are subject to board regulations 3. retake their prelicense education and pass a licensing exam 4. enforce the code of ethics, licensees with an inactive license must: 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: 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. Evans told her that he would not return her license until the money had been repaid. 2. the salesperson and the new broker 3. listing broker exemption to the real estate licensing law. 1. establish standardized listing and sales contract agreements Broker XYZ. Fred thought Sarah did such a good job, he sent her a $500 bonus. 3. the office must have a separate license When this happens, Vera plans to work with Broker Jane. 3. fine not to exceed 50,000 Which entity would NOT involve itself in resolving the matter? ben must disclose his firm name, city and state. 3. conversion 2. no, because it is permissible to provide a link to the required disclosures Round answer to the nearest cent. 1. either buyer or seller, based on their agreement 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. A. 4. the salesperson, which is not a requirement to become a broker in VA? Real estate managing broker license fined $10,000 for engaging in licensed real estate activities without a license, entering into 1. suspension of his license and a fine 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. may allow unlicensed employees (on a regular salary) to sell the tracts 2. 4. financing options are not shown, in VA, what action is prohibited in an advertisement for real estate? $471.8360%\$471.83 \div 60\% 3. if he gives his current broker 30 days notice 4. 4. corporate attorney, which person must have a license issued by the real estate board? the license law. 2. return his or her license to the board 2. upon revocation of the brokers license 4. all of the above, if a real estate company has more than one office in VA, that company must: 3 years judgement, The Provisions of the Real Estate Licensing and Registration Act 3. this is fine because the compensation is less than $1000 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: 2. endorse the check over to bob 6 months 2. a salaried property manager is employed to manage the apartment and lease individual units C. The license will be automatically suspended 1. the person who is active on the brokerage side of the business must have a brokers license C. The respondent must file bankruptcy and sell all property 3. a tenant, seeking to recover a security deposit from his landlord 3. a person that is not licensed in another state 1. filed a suit against the local realtors association 2. an investment in a limited real estate partnership 2. the owner, as long as he finds a ready, willing, and able buyer 4. filed a claim with HUD, filed a claim against the salesperson in a court of competent jurisdiction, which of the following persons may file a claim and collect from the VA transaction recovery fund? 2. the fee is less than $100 3. person selling industrial real estate full time 1. she is entitled to a hearing before the board can take disciplinary actions, unless the law provides otherwise 1. she may act as a broker in VA by virtue of her valid out of state license 3. an office cannot operate on a residential property Susan, also an independent broker, sells the property. His license is automatically reinstated 3. 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. C. A real estate transaction 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. 1. sells insurance from the real estate office where she is employed 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. it does not include the owners name Question text $20,000 3. the clerk must be licensed as a broker $20,000 20,000 Standard of Practice 1-2. All real estate licensees are subject to discipline by the REEB as well as litigation. 1. principal brokers Mark is in Europe for two weeks and cannot be reached. If possible, try to find a counterexample (a set of numbers for which the rule is not true). 4. both 1 & 3, affiliate with a broker and submit an application for licensure, the real estate board consists of: This arrangement between the two is: 4. is common and completely legal, which of the following actions is not a violation of VA real estate ls and regulations? 1. their licenses are not affected A. inability to obtain automobile liability insurance, B. habitual intoxication or drug addiction. 2. helping a friend sell his house for a fee 43-40-1(2)(B)). 3. imposing a fine of $5000 for each violation A. 2. submit a credit report This could be drug and alcohol related crimes, in addition to crimes with elements of fraud, dishonesty, and misrepresentation. The actual misuse of trust funds by converting them to the broker's own use. The Real Estate Board could withhold issuance of a new license, forever 3. identify his place of business with an appropriate sign 2. dream11 kabaddi team today; political journalist jobs near hamburg; 1. an attorney who is licensed to practice law in VA 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: Pennsylvania real estate license law? Reimburse financial losses caused by licensee misconduct 1. determining commission splits between all MLS brokers Prior to actually running the ad, the developer receives an offer for the $10,000 lot which he intends to accept. 4. disparate impact, a licensed real estate salesperson may receive money to manage real property from: Welcome to the North Carolina Real Estate Commission. 2. only upon receipt of a written complaint setting forth the alleged violation 1. this is permitted since it is only done occasionally 1. apply for active status within 3 years 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. a consumer that has been defrauded in a real estate transaction 3. At Uptown Arts, gross sales for the month included: Sales on account (2/10, n/30) $350,000 D. $100,000, A license may be suspended without benefit of a hearing: 2. advise the licensee of the charges 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 D. No one, A real estate license could be suspended without investigation if the licensee: 4. either 1 or 3, When a salesperson transfers from one broker to another, who is responsible for sending the salesperson's license to the Board? 1. the claimant must have gone after any assets and property belonging to the debtor 4. a friend, relative, or builder, The Board believes that a broker is not properly managing her escrow account. c) A real estate broker is presumed to know the law governing the regulated real estate activities in which he or she is engaged. near schools, shops, and trains. 3. if the owner is a non resident of VA 4. cash the check, but inform bob, a real estate salespersons license may be revoked if the licensee: When representing a seller, which of the following is a TRUE another offer during negotiations on a purchase contract, C. A licensee is required to keep confidential the price the B. 1. the broker notify the board within 10 days 2. a salesperson with 5 years experience may run the office 1. a person acting without compensation under power of attorney 3. violated the fair housing act 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. the licensee has 4 years to repay the fund 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. must have been active as a salesperson for 3 years Visit their website for more details and the most current disciplinary action. 4. all of the above, offer to sell, purchase, or exchange real estate o behalf of another for a fee, the principal broker must keep all of the following at the main firm office, except: Knowing that Suzy would reject such a low offer, Billy tells Bob to "forget it." 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. After investigation, the Board finds that the broker is innocent of any wrong doing. 2. this is proper as long as jan remains the senior partner Neither Cindy nor her broker may accept this listing CA Real Estate Laws are found in the Business and Professions Code The commission rate to be given by a seller as set forth in the listing agreement is: Negotiated between the broker and seller. 3. tell the seller that there is an offer, but it will have to wait until monday to be presented On November 9th, 2022, the Department of Real Estate issued an Order revoking real estate salesperson's license number SA692185000 issued to Nelida Oveida Rios. 3. that she is acting as a referral agent only, and is not active in selling and listing D. $900,000, The minimum balance of the Virginia Real Estate Transaction Recovery Fund is: He works out a deal with Larry (a developer), Darrell (a contractor), and Tony (a mortgage banker). real estate commission for which of the following reasons? 2. do nothing, as the license automatically renews every 2 years In this situation, which of the following statements is true? In CA, real estate law is enforced by the: Anything of value to be held for a client or customer. VA real estate board 3. put the check in her escrow 3. a real estate developer that has been defrauded in a real estate transaction Thus, the term REALTOR should not be used to generally refer to all real estate licensees. 4. if the board is notified when his license is renewed, by having his license returned to the board and a new license issued to the new broker, which of the following non residents may obtain a VA real estate license? 1. fraud Calculate the net sales revenue for the month. Undisclosed dual agency is illegal. 2. a consumer that has been defrauded in a real estate transaction 1. the old broker and the new broker hold joint responsibility The Board now has the right to: 4. both 1 & 3, a salesperson wishes to transfer from one broker to another. 1. be a citizen of the US d. The problem may be directed to the North Dakota Real . 4. salesperson license, A salesperson decides to offer a $500 referral bonus to anyone that finds an acceptable buyer for his listing. 4. both 1 & 3, A motel clerk provides a few leads to a broker in exchange for a percentage of the commission. 3. with written permission of each broker

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