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life - colorado law EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$25.49
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life - colorado law EXAM AND PRACTICE EXAM NEWEST ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Life - colorado law
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Life - Colorado Law
life - colorado law EXAM AND PRACTICE EXAM NEWEST
ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
Affiliate broker Oscar discriminates, in violation of the Tennessee
Human Rights Act, and also uses an earnest money check for personal
...
life - colorado law EXAM AND PRACTICE EXAM NEWEST
ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY
GRADED A+
Affiliate broker Oscar discriminates, in violation of the Tennessee
Human Rights Act, and also uses an earnest money check for personal
use. Oscar's managing broker, Aidan, is unaware of these illegal
activities. When the Commission finds out about Oscar's actions, what
will be the impact on Aidan?
Aidan has no responsibility for Oscar's violations.
Aidan will only be held responsible for the violation of the Tennessee
Human Rights Act.
Aidan may be disciplined for failure to exercise adequate supervision
of Oscar.
Aidan will be required to pay any fines imposed on Oscar out of his
personal funds.
Aidan may be disciplined for failure to exercise adequate supervision
of Oscar. - CORRECT ANSWER Aidan may be disciplined for failure to
exercise adequate supervision of Oscar.
The rights of renters are protected by which law?
Uniform Commercial Code.
Tennessee Renters' Rights Act.
,Tennessee Real Estate Licensing Act.
Uniform Residential Landlord and Tenant Act. - CORRECT ANSWER
Uniform Residential Landlord and Tenant Act.
As a condition of license renewal, all active affiliate brokers must
complete the following:
Complete three (3) hours of required core curriculum by June 30th and
nine (9) hours of elective courses by September 30th.
complete at least one (1) hour of a continuing education lecture every
other month throughout the licensing period.
Complete sixteen hours of approved continuing education courses
Complete twelve (12) hours of certified continuing education courses,
three (3) hours of core credit and nine (9) hours of elective credit, by
September 30th of even years. - CORRECT ANSWER Complete
sixteen hours of approved continuing education courses
Affiliate broker Bird has been licensed for at least two years. He has
just passed the state broker examination and would like to apply for a
broker's license. In order to meet the requirements, he must include
which of the following with his application?
His personal affidavit stating that he has been actively engaged in the
real estate business for at least one year.
Proof of satisfactory completion of 120 classroom hours approved by
the Commission.
A letter of proficiency from his broker stating that Bird has procured at
least ten listings and at least ten closed sales.
A statement from his broker indicating that Bird has finished
management training and has been assigned as a branch manager for
one of his broker's branch offices. - CORRECT ANSWER Proof of
,satisfactory completion of 120 classroom hours approved by the
Commission.
An inactive licensee refers his brother as a buyer to an out-of-state
broker. How much money can he receive for a referral fee?
Whatever the other broker's state law allows.
50% of the commission from the out-of-state broker.
Whatever is called for in the referral agreement.
None. - CORRECT ANSWER None.
How far from the firm's office can an affiliate broker live?
50 miles.
100 miles.
There is no distance specified by law.
Within the same county. - CORRECT ANSWER 50 miles
Broker Al finds a house in an area that is zoned commercial and leases
it to use as a real estate office. He hires agents and tells them to
make a lot of cold calls because he doesn't want a sign outside the
home. In this scenario, Al:
is violating commission rules by not having a sign outside his office.
does not need a sign.
may use the house for an office as he wants because its is zoned
commercial and in full compliance with license law.
, must have a sign with letters that are at least four inches high under
commission rules. - CORRECT ANSWER is violating commission rules
by not having a sign outside his office.
The buyer wants to have his earnest money placed in an interest-
bearing account. Can the broker do this?
Yes, if the interest goes to the broker.
Yes, if a written agreement specifies who will receive the interest.
No. Regardless of what the buyer wants, the broker can never put the
money in an interest-bearing account because it is a violation of the
Tennessee License Law.
No, because this is the seller's money and he has to make the
decision. - CORRECT ANSWER Yes, if a written agreement specifies
who will receive the interest.
During the noon hour, all of the licensees at Dream Home Realty were
out to lunch. A secretary was left to answer the telephone and to take
messages. At 12:30, affiliate broker Sampson of New Homes, Inc.,
called to ask for information concerning one of Dream Homes'
residential listings. In this situation, the secretary should:
give Sampson the information he needs but encourage him to get in
touch with one of Dream Homes' agents as soon as possible.
take Sampson's name and telephone number and tell him that a
licensee from Dream Homes Realty will call him back when the
licensee returns from lunch.
reveal only the listing information as directed by the Dream Homes
broker and tell Sampson to call back if any more information is
needed.
P completes an application for a $10,000 life policy, but does not give
the producer the initial premium. P's coverage becomes effective
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