Licensees at a brokerage - Study guides, Class notes & Summaries

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities - ANSWERBroker Price Opinion Which of the following is incorrect? Farming methods include Direct Mail and Just Listed Post Cards. Farming only invo...

Florida Real Estate U Final Exam Answered 2023/2024 Florida Real Estate U Final Exam Answered 2023/2024 An appraisal can be completed by which of the following? A home inspector A real estate broker A licensed appraiser using USPAP standards A mortgage loan originator A licensed appraiser using USPAP standards What is a BPO? Broker Price Opinion Best Practice Organization Best Prospective Offer Beyond Present Opportunities Broker Price Opinion Which of the following is incorrect?...

Oregon Practices Final Exam Review Questions and answers, with rationale. graded A+/ verified. A broker is a person who: a. is employed by another person b. has the authority to act for another person c. has the authority to exercise some discretion while acting for another person d. all of the above - -all of the above Feedback: All of the above comprise the definition of a broker. The correct answer is "d". Question #2: The person who hires or appoints a broker to act on his/her beha...

North Dakota Real Estate Exam (State Test) Questions and Answers Already Passed The Real Estate Commission consists of how many members? 5 How many of the commissions members must be active brokers 3 The governor appoints a commissions member for a term of how many years? 5 Terms must be staggered so the term of one member expires each year (T/F) True The commission may submit a report to the governor and secretary of state how often? Biennial The commission shall maintain...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

ALL OK Real Estate Test Prep Questions and Answers 100% Pass Richard and his long-term fiancé Samuel finally got married. Richard, who's a licensee at the Griffen Firm real estate brokerage in Oklahoma, changed his last name to match Samuel's. What must Richard do? Notify the commission and send the appropriate fee. (Richard must notify the commission that his name has changed within 10 days of the change being made.) Jesse started her pre-licensing coursework for her Oklahoma ...

A consistent disparity in listing versus selling prices may reflect ___________. - Correct Answer-Inaccurate competitive market analyses Which of these would be an advantage for the broker of hiring licensees as salaried employees, rather than as independent contractors on a commission-based compensation plan? - Correct Answer-Sales agents will probably make fewer errors as a result of more broker control and supervision. Which option best describes what an environmental impact statement i...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Texas SAE Real Estate Brokerage Question and answers correctly solved A fixed expense ______. - correct answer Isn't impacted by sales Which of the following acts protects Texas consumers against real estate licensees who use false, misleading, or deceptive actions or practices in the advertising, offering for sale, selling, or leasing of personal property or real property? - correct answer DTPA Why should a business owner evaluate the competition's affiliations? - correct answer T...