Broker salesperson Study guides, Class notes & Summaries
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Colibri Real Estate Exam Questions And Answers
- Exam (elaborations) • 43 pages • 2024
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Colibri Real Estate Exam Questions And Answers 
Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? 
 
A) Jane paid a commission to her licensed personal assistant. 
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. 
C) Jane paid a commission plus a bonus to one of her licensees. 
D) Jane pa...
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Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass
- Exam (elaborations) • 109 pages • 2023
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RE Salesperson License requirements? 18 years old, 40 hour class, pass the exam, must 
affiliate with a broker to practice and may not accept direct client payments 
Broker's License requirements? 3 years salesperson experience, 40 hour class, pass the exam, 
$5,000 bond and pay a fee.
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California Real Estate Principles - Questions and Answers fully solved 2023
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California Real Estate Principles - Questions and Answers fully solved 2023 
(1) 1. The Real Estate Law is found in the 
 
a. Licensing Code 
b. Business and Professions Code 
c. Health and Safety Code 
d. Corporations Code - correct answer Business and Professions Code 
 
(1) 2. The Real Estate Commissioner reports to the 
 
a. California Bureau of Real Estate 
b. governor 
c. Real Estate Advisory Commission 
d. legislature - correct answer governor 
 
(1) 3. Salesperson Sam owns 25% of the o...
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Real Estate U Final Exam Study Guide
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Real Estate U Final Exam Study Guide 
 
The section of the New York Real Property Law 
pertaining to real estate salespersons and brokers. 
- Primary purpose is to "Protect the Public" 
- Requires a salesperson to be at least 18 years of age 
- Requires a broker to be at least 20 years of age 
 
A licensed real estate broker that holds the license of a salesperson. 
 
Obtained after your register for the New York State 
Salesperson exam using eAccessNY. You must bring this with 
you when takin...
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Missouri Real Estate Exam Questions and Answers 100% Pass
- Exam (elaborations) • 26 pages • 2023
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Missouri Real Estate Exam Questions and Answers 100% Pass 
The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements 3 years 
By what title is Chapter 339 of the Missouri State Statutes also known? The license law 
If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. listing broker 
Broker Kelley took a listin...
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PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers.
- Exam (elaborations) • 14 pages • 2024
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PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers. 
Water Rights 
The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is 
an agent to the broker and a subagent to the principal. 
Depreciation is calculated based on the 
Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in favor of th...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
- Exam (elaborations) • 25 pages • 2023
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Aceable Agent: Real Estate Principles exam 2023 with 100% correct answers
- Exam (elaborations) • 66 pages • 2023
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The Real Estate Law is found in 
A. The Licensing Code 
B. The Business and Professions Code 
C. The Health and Safety Code 
D. The Corporations Code - correct answer -B. Business and Professions Code 
 
The Real Estate Commissioner reports to 
a. the California Bureau of Real Estate. 
b. the governor. 
c. the Department of Housing and Urban Development. 
d. the legislature. - correct answer -B. the governor 
 
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the bro...
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+
- Exam (elaborations) • 60 pages • 2023
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant 
En...
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers
- Exam (elaborations) • 13 pages • 2023
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker 
 
Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...
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