Sponsor broker - Study guides, Class notes & Summaries

In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor What is the name given to the Illinois license laws under which brokers and salespeople practice? - Real Estate License Act of 2000 After May 1, 2011, the new license categories are: - Managing Broker and Broker After April 30, 2012, as an alternative to passing the prof...

REAL ESTATE U FINAL EXAM TEST BANK AND STUDY GUIDE | ALL EXAM VERSIONS 1 , 2 AND 3 | ACCURATE REAL EXAM QUESTIONS AND ANSWERS | RECENTLY TESTED | EXPERT VERIFIED | GUARANTEED PASS | GRADED A | LATEST UPDATE | 2023/2024 Article 12-A of the NYS Real Property Law - 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 broke...

Leasing License Exam Questions With 100% Correct Answers What does the IDFPR stand for? - answerThe Illinois Department of Financial and Professional Regulation How can you get on the Real Estate Administration and Disciplinary Board? - answerBe appointed by the governor What does the Real Estate Research and Education Fund do? (Do not choose on test) - answerScholarships What does the Real Estate Administration Fund do? - answerPays the bills for the IDFPR What do the Peer Review Advis...

1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer -B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts would require a real estate license in New York a...

associate real estate broker a licensed real estate broker who may perform the acts of a broker but chooses to work under the name and supervision and license of a licensed broker real estate broker any oersons partnership association or corporation who, for another and for compensation of any kind negotiates any form of real eatate transaction. The New York Department of State Division of Licensing Services oversees licensure real estate salesperson anyone who performs as a real estate bro...

Leasing License Exam Questions With 100% Correct Answers What does the IDFPR stand for? - answerThe Illinois Department of Financial and Professional Regulation How can you get on the Real Estate Administration and Disciplinary Board? - answerBe appointed by the governor What does the Real Estate Research and Education Fund do? (Do not choose on test) - answerScholarships What does the Real Estate Administration Fund do? - answerPays the bills for the IDFPR What do the Peer Review Advis...

The leasing agent license shall expire on July 31st of: - ACCURATE ANSWERS even numbered years Sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - ACCURATE ANSWERS 24 hours of employment Leasing agent licensees must complete how many hours of containing education during the 24 month period prior renewal: - ACCURATE ANSWERS 8 hours of continuing education The real estate recovery fund is: - ACCURATE ANSWERS a fund at IDFPR to reimburse persons who suffer loss due to...

Texas Law of Agency: Quiz Questions with Complete Solutions One who acts for and with authority from another, called the principal, is known as a/an...? Agent Attorney Employee Partner Agent If an individual works as an associate broker, who must they work under...? An associate licensee An associate broker does not work under anyone A real estate salesperson A sponsoring broker A Sponsoring Broker The Information About Brokerage Services form is presented by the broker to the...? Asso...

Identify the major trade organizations that serve the real estate business. - (1) The National Association of Realtors (NAR) members called "Realtors" (2) The National Association of Real Estate Brokers (NAREB) members called "Realtists" List the Categories of real property. - (1) Residential, (2) Commercial, (3) Industrial, (4) Agricultural, (5) Special Purpose List the factors that affect supply in the real estate market. - (1) Labor force costs, (2) Construction costs, (3) Governmen...

REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 1-A broker legitimately may pay all or part of Real estate commission to a a. seller b. salesperson c. buyer d. friend who provides a listing lead - Answer ️️ --B: Salesperson can accept compensation only from their sponsoring broker. 2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. - Answer ️️ -C. As of July 1,2008 to become a broker you must be 20 years old. 3-Which of the following acts w...