Affiliated licensee - Study guides, Class notes & Summaries

DC Real Estate License Exam Questions and Answers Already Passed In addition to disciplinary sanctions imposed by the DC Real Estate Commission, licensees may face a(n) ________ if the attorney general files for one in superior court. Injunction How often do DC real estate licensees contribute to the Guaranty and Education Fund? Upon initial licensure and at every license renewal Typically, a panel oversees a hearing for a DC license law violation rather than the full real estate ...

REAL ESTATE 2024 WITH COMPLETE SOLUTIONS Real Estate Broker a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson a person who peforms real estate activities while associated with a licensed real estate broker. licensee a person holding a valid real estate license appraiser a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector A per...

Maine Real Estate Test 2024/2025 Questions And Answers 100% Accurate Graded A+. For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER-No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. ...

South Carolina - State Exam Practice Questions and Answers If a brokerage firm changes its name, address, phone, or email, within how many days must the commission be notified? A. 10 days B. 30 days C. Immediately D. Seven days - Correct Answer ️️ -A. 10 days The broker-in-charge must notify the real estate commission of changes to name or contact information within 10 days. Which of these would NOT be considered first substantive contact with a customer? A. Asking a couple why th...

May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - ANSWER CORRECT ANSWER: agency According to the Statute of Fr...

Chapter 1: The Real Estate Profession + Chapter 2: Getting a Real Estate License Questions And Answers Broker - ANS-Any person, partnership, association, limited liability partnership, limited liability company, or corporation who, for a fee, sells, lists, leases, exchanges, negotiates, or otherwise deals in the real estate of others, or represents publicly that he does. Independent Contractor - ANS-A self-employed salesperson paid on jobs completed rather than hours worked and resp...

GA REAL ESTATE EXAM PREP / HARD QUESTIONS AND ANSWERS GRADED A+ *Amortization Rate* is defined as: The percentage of periodic payment that is applied to the reduction of the principal. *In a title theory state, the *Mortgagee takes title to the mortgaged property, during the TERM of the mortgage.* *Property* may be technically defined as: *Rights or Interest* which a person has in the thing owned. A *Broker's*, license fee costs how much? *$170* A *Deficiency Judgement* ca...

The DC commission can impose civil fines for license law violations. Each violation may garner a fine up to ______. correct answers $5,000 Joan began a court case against a DC licensee who misrepresented a property, resulting in a financial loss for Joan. At this point, does Joan need to make any notifications to the mayor? correct answers Yes, Joan must notify the mayor within 30 days of the date she began her action DC licensee Jenna presented her evidence at a commission hearing held Ma...

SC REAL ESTATE - STATE PORTION EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Associated Licensee - -Licensee who is affiliated with a BIC Broker - -For a fee, salary, commission Negotiates, Auctioins, Solicits a referral, Offers advisory services, Offers to act as an agent, Advertises Broker-in-Charge - -Has responsibility over actions of all associated licensees and real estate trust accounts Client - -Person with whom a licensee has an established agency relationship Customer - -Pers...

In addition to disciplinary sanctions imposed by the DC Real Estate Commission, licensees may face a(n) ________ if the attorney general files for one in superior court. Injunction How often do DC real estate licensees contribute to the Guaranty and Education Fund? Upon initial licensure and at every license renewal Typically, a panel oversees a hearing for a DC license law violation rather than the full real estate commission. The hearing panel comprises at least how many commis...