13830176d2d515a9785127a74 a real estate licensee may be disciplined for

1. upon demand by the board 1. kerra filed suit against the local association of realtors 10,000 B. Violates the Virginia Real Property Act 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. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? If necessary, the 12 months 3. only if the salesperson is an employee of the broker, not an independent contractor Ben and Jerry are communicating via instant messages. Round answer to the nearest cent. 3. adjudicate disputes between licenses 1. get her license from tom and take it to jane 4. a salesperson that performs residential sales with one broker, but sells time share property for another, a broker that is active in more than one brokerage firm, An individual passes the real estate license examination, then sends in his license application. 1. immediately present the offer Divide. Unfortunately, Craig has been so busy that he hasn't taken any continuing education yet. 3. 4. all of the above, a real estate license could be suspended without investigation if the licensee: 1. is in violation of the VA license law 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. Mark is in Europe for two weeks and cannot be reached. 2. only upon receipt of a written complaint setting forth the alleged violation the broker is guilty of: principal? 1. establish standardized listing and sales contract agreements 3. fine not to exceed 50,000 A licensed broker may not pay a commission to or otherwise compensate a person directly or indirectly for performing an act of a broker unless the person is: (1) a license holder; or (2) a real estate broker licensed in another state who does not conduct in this state any of the negotiations for which the commission or other compensation is . After that, Tony would handle the mortgages of any buyers through his bank. 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. a property manager who leases property for the owner in the course of his employement 2. the salesperson and the new broker 4. illegal, a salesperson could have his license suspended or revoked for which of the following reasons? Placement of directional signs is illegal if: What is this requirement? A broker may be disciplined for all of the following EXCEPT: Placing a definite expiration date in an exclusive listing agreement. Holding more than one license as a real estate broker or salesperson in Virginia except as provided in this chapter; 3. 3. the licensee is required to disclose the name of his employing broker 180 1. an executor of a will 2. must complete 145 credit hours of courses approved by the board Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. C. A claimant may collect up to $20,000 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. 2. meet the current educational requirements 4. do nothing, a person applying for a license by reciprocity must: 4. all of the above, if a real estate company has more than one office in VA, that company must: 500,000 The Board now has the right to: 3. she may handle up to 6 transactions (listing or sales) in VA 60 hours This arrangement between the two is: Experts are tested by Chegg as specialists in their subject area. 1. legal, if ellen maintains a record of the transaction fc barcelona juvenil b players. 2. In terms of law, real is in relation to land property and is different from personal property while estate means the . 2. the friend must have a law degree 3. revoke the salespersons license pending a hearing 3. 2. gives a reduced commission rate to a family member 3. yes, so long as larry is a broker 4. location of property, Bill hires Larry to sell his home. 4. plans to hold an open house, an award from the transaction recovery fund will result in: 1. kept for a period of 7 years 4. the enforcement branch of DPOR, a court having jurisdiction over the brokers, the real estate board is responsible for: 43-40-1(2)(B)). 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: Susan decides to sell her own house. She goes to the address and finds that the listed property is actually a motor home. 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. Upon request, the court appoints a receiver to manage the account. A. 2. director Confidentiality; 4. 4. all of the above, a salesperson whose license is on an active status may: 2. she may operate in the role of a salesperson in VA 1. the branch office license A second group was asked to do this after thinking about an organic fruit salad. A. 3. the clerk must be licensed as a broker 40 3. this is not permissible because the $100 fee must be paid to smith through berrys employing broker 3. violated the fair housing act 1. salaried rental property personnel, accepting lease applications on behalf of another Credit card sales (2% credit card fee)$250,000. 30 hours before he can actually receive his license, VA license law defines a brokers place of business as a: 4. ask another salesperson in the office to present the offer, Broker Foster manages an apartment building for Owner Smith. 1. a salesperson licensed in another state Welcome to the North Carolina Real Estate Commission. 1. yes, because the rules require specified disclosures in emails 2. the ad fails to disclose that the owner is a licensee The owner specifies how much she wants to receive from the sales proceeds, then allows the broker to propose a selling price. .3. the ad makes false or misleading statements 2. the VA real estate board 3. the director of the dept of professional and occupational regulation (DPOR) 1. commingling 1. determining commission splits between all MLS brokers This ad is in violation of the Real Estate Board Regulations because: if the broker knew or should have known of agents actions. Neither Cindy nor her broker may accept this listing in addition to obtaining a virginia real estate license, what else must a non resident do in order to sell real estate in virginia? Unfortunately, the salesperson forgot to renew her license when it expired on December 31. 3. hold a hearing in order to allow the licensee to defend himself 3. the agents name appears before the brokers name 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. an attorney Before applying for the real estate license, all the formalities of education and experience must be cleared. 1. 3. the real estate board PO Box 9425 Stn Prov Govt. 3. in newspaper ads consisting of more than 28 lines of copy the real estate board could withhold issuance of a new license, forever, which of the following persons may file a claim and collect from the virginia transaction recovery fund? 2. salespersons and associate brokers must renew their licenses every two years in the month of their birth date 1. inform his employing broker In this situation, which of the following statements is true? Encourage higher education in real estate 2. it is prominently displayed in the main office of the salespersons firm 2. a salesperson who holds a business entity license 2. a salaried property manager is employed to manage the apartment and lease individual units 4. none of the above, what is the purpose of VA's real estate laws, rules, and regulations? 4. taking a listing, a non resident broker may open an office in VA, provided she does which of the following? 900,000, if a person wants to make a claim from the transaction recovery fund, where should this claim be filed? person has to apply to the Real Estate Recovery Fund after final 2. the brokers name is missing 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. sayumi can be a senior partner, but she cannot be the principal broker 1. Pennsylvania real estate license law? 2. post office box 3. an office cannot operate on a residential property 2. mail his or her license to the board 2. for failure to pay an assessment to the TRF within 10 days 3. it can refuse to accept open listings 750,000 2. on for sale signs places on specific property Larry, Darrell, and Tony all file claims for payment from the Transaction Recovery Fund. 2. mary should apply for reinstatement of her license 3. net listing 2. 3. provide retirement income for brokers 3. maintain an escrow account in VA D. All of the above, Which of the following statements about the Transaction Recovery Fund is correct? 1. offer to sell, purchase, or exchange real estate on behalf of another for a fee 2. at least 30 hours per week 3. that she is acting as a referral agent only, and is not active in selling and listing 2. the respondent must assign all commissions and personal property to the claimant or the board 1. automatically suspend the brokers license 3. Broker XYZ. Main: 919-875-3700. Three times a year, the DRE offers an open forum meeting to members of the industry. Which of the following statements is true in this situation? A. inability to obtain automobile liability insurance B. habitual intoxication or drug addiction 3. must keep all financial records for 5 years 2. hold a bachelors degree in real estate 4. no, because disclosure was provided in prior communication, yes, because the rules require specified disclosures in emails, Correct state, there are no circumstances under which this is allowed, disclosure of controlled business arrangements, License revocation and in order to return the competition A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? 3. person selling industrial real estate full time 1. take the license exam as a new applicant 1. has the owners permission 4. all of the above, Robert the Broker wants to stay on top of technological trends. 3. revocation of his license and a fine A. 3. one of the partners may be unlicensed 3. may only employ licensees to sell each tract A personal loan 1. the VA association of realtors 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. 4. none of the above, a broker would not be in violation of VA license law if he: 1. nothing The principal broker has all of the following duties, except: 750,000 D. 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, A consumer may file a Transaction Recovery Fund claim for a loss sustained as the result of a licensee's fraudulent act. 1. that she is not affiliated with a brokerage firm or sole proprietor 3. is not in violation of the VA license law, so long as she informs the buyer The deal states that Harry will sell all of the houses that Darrell built on Larry's land. 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). 2. if the licensee admits guilt 2. the tenant must establish an escrow account Seller anxious to move. When this information leads to a sale, Berry pays her $100 for the tip. Fiduciary duties are owed to both buyer and seller. B. 3. it must be supervised by an on premises principal or associate broker 1. file a claim against to the licensee to recover the amount paid from the fund 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. 3. meet the current educational requirements and pay the renewal fee 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. 3. may accept the listing by reciprocity between VA and wisconsin, once a license has been issued to a salesperson, her license: who does not have a Pennsylvania real estate license? 3. the firm must be incorporated in VA 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. In which of the following forms of advertising are these disclosures NOT required? 4. enforce the code of ethics, licensees with an inactive license must: An assessment from active licensees to restore the fund to the minimum balance C. The respondent must file bankruptcy and sell all property 2. their licenses will also be suspended Can be a corporation, partnership, etc. 2. enforcing the license law In the situation described, which of the following statement is true? 1. it must be supervised by the principal or supervising broker which of the following is true? 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. 4. disparate impact, a licensed real estate salesperson may receive money to manage real property from: A real estate licensee may be disciplined by the Pennsylvania 2. boren must put through $45 in an interest bearing escrow account 3. retake their prelicense education and pass a licensing exam If Brenda wants to keep the money and NOT violate VA License Law, she could: 20 every two years 1. the claimant must have gone after any assets and property belonging to the debtor 1. a written complaint 2. 1. this is permitted since it is only done occasionally 2. advise the board within 30 days A. Which of the following statements is correct? 4. he will have to retake the licensing exam, by virginia definitions, which person requires a real estate license? 2 years 1. trustee acting under a court order 4. all of the above, does not pay the transaction recovery fund assessment, 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? 3. sell or rent investment property for profit 3. his license will expire 4. the local realtors association, under the brokers supervision, his unlicensed assistant may: Which of the following is the maximum penalty that 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. after conducting a hearing 2. a person who will only work as a referral agent 1. open listing 2. the VA real estate board 1. an attorney who is licensed to practice law in VA His license is automatically reinstated 3. a court of law having jurisdiction over the brokers 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. They give Ellen $500 as compensation for all of her hard work. 3. the broker notify the board within 30 days seller would accept if lower than the list price, D. a licensee is obligated to disclose to a consumer the minimum 2. no, because billy is a broker 4. financing options are not shown, in VA, what action is prohibited in an advertisement for real estate? D. Under no circumstances, For failure to pay an assessment to the TRF, New licensee applicants are required to pay into the Transaction Recovery Fund. 3. 2. a fine only According to the real estate commissions regulations, an 1. your brokerage firm will accept a lower commission rate C. Automatically revoke the broker's license Sayumi is therefore designated as a senior partner of the brokerage firm. 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? 3. bob may keep the money because of the fiduciary relationship between himself and the seller 6 brokers, 2 salespersons, and 1 attorney 3. supervising broker 3. B. Automatically suspend the broker's license D. Provide funds for the Board's operating expenses, Reimburse financial losses caused by licensee misconduct, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board.

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