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

WV REAL ESTATE FINAL EXAM QUESTIONS AND ANSWERS GRADED A+ The purpose of the West Virginia License Act is to --- limit competition in the real estate industry. protect the public in real estate transactions. regulate the limit for brokerage compensation. impose license fees to generate income. protect the public in real estate transactions. Jim acquires a West Virginia broker license. He wants to sell real estate without opening a business so he decides to remain at his...

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...

Alabama License Law Exam Questions with Complete Solutions In the state of Alabama, what is the difference between a customer and a client? A. a client pays the commission B. a client is a seller while a customer is a buyer C. a client has signed an agreement for specific services D. a licensee has duties to a client but not to a customer D Which of the following is NOT an allowed brokerage relationship in Alabama? A. a limited nonconsensual dual agency B. a single agency C. a sub agency...

Colorado Real Estate Exam Questions and Answers 100% Pass Duties of the Colorado Real Estate Commission include all of the following EXCEPT A) Investigation of verified written complaints. B) Approving errors and omissions carriers. C) Creating the Annual Commission Update course each year. D) Hearing disputes between brokers. D) Hearing disputed between brokers. A buyer in a closed transaction has filed a complaint with the Colorado Real Estate Commission, claiming the buyer's agent misre...

Legal competency age in Georgia is: a. 15 b. 18 c. 21 d. 16 - Answer B. What does BRRETA stand for? a. The Brokerage Real Estate Training Act b. The Brokerage Real Estate Transactions Act c. The Brokerage Relationships in Real Estate Transactions Act d. The Georgia Basic Relationships in Real Estate Transactions Act - Answer C. The Georgia Real Estate Commission is composed of: a. Three brokers, two salespersons, and a district representative and a representative of the public...

Washington State portion (real estate exam) Questions with Accurate Answers Rebecca receives an earnest money deposit in the amount of $12,000. Which of the following statements best describes the deposit of this trust money? Rebecca may deposit it in the firm's regular trust account. Rebecca must deposit it in an individual trust account set up for just this client. Rebecca must deposit the funds in a non-interest bearing trust account. Rebecca must deposit the funds into a DOL sp...

HI state portion real estate exam Questions and Answers 100% Pass Certificate of license - Correct Answer ️️ -When applying for a Hawaii brokerage firm license, which of the following documents is NOT required? Kanaka - Correct Answer ️️ -Under King Kamehameha I's reign, the ______ initially could possess the land but couldn't legally own the land. Agreement of sale - Correct Answer ️️ -the buyer holds equitable title, and the seller holds legal title, until the loan is paid...

Section 1: Delaware Real Estate Orientation Exam Questions and Answers 100% Correct On the surface, most brokers may seem pretty similar. So it's up to you to do a little probing to discover what makes one broker different than another. That's where you'll start to determine if you and the broker are a good fit. Which five of these areas should you inquire about when looking for a broker? - Correct Answer ️️ -1. Reputation 2. Policies and Procedures 3. Training Program 4. Culture...

texas sae real estate brokerage Question and answers correctly solved 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 supervisio...

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...