Sponsor broker - Study guides, Class notes & Summaries

Real Estate U Final Exam questions Joe Jacobs | Questions and Correct Answers |Latest update 2024/2025 | 100% PASS The Department of State's ability to enforce license laws through reprimand and denial as well as the suspension and revocation of licenses is known as...? - Answer -Administrative Discipline To mingle or mix funds is known as what...? - Answer -Commingling Chris is a real estate broker involved in a residential transaction. When Chris illegally places his client's fu...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? - SEC Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC is a government agency, while FINRA is an SRO - a self-regulatory organization under SEC oversight. The Municipal Securities Rulemaking Board is another SRO that creates rules for municipal market participants, b...

Article 12 A : NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3) broker at least 20 years . Sponsor : Broker that holds salesperson license Summary of Submission : Paper you get after registering for NYS test. Bring to tes with you Misedemanor : Crime with no more than 1 year prison or $1,000 fine Listing Agreement : Agreement between salesperson and property owner, allowing salesperson to provide services to the owner involving their porperty 2 | ...

BD acting in a principal capacity correct answers BD is the contra party to the trade (the BD is involved in the transaction as a buyer or seller) BD acting in an agency capacity correct answers BD puts the buyer and the seller together, earning a commission doing so BDs must always disclose what capacity they filled on the trade confirmation no later than the completion of the trade correct answers If acting as a broker, they disclose the amount of commission. Offering a proprietary pr...

- 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 - correct answer Article 12-A of the NYS Real Property Law - A licensed real estate broker that holds the license of a salesperson. - correct answer Sponsor - Obtained after you register for the New York State Salesperson exam usin...

Article 12-A of the NYS Real Property Law - ANSWER 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 Sponsor - ANSWER A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - ANSWER Obtained after your register for the New York State Salesp...

Some one who lives outside of New Jersey can be licensed as a non resident broker if he or she A. Posts a bond of $5,000 B. Is a citizen of the United States C. Finds a New Jersey sponsor D. Consents to being sued in New Jersey - Answer- D. consents to being sued in New Jersey By the time she received her broker's license, the licensee had studied real estate for at least A. 75 hours B. 90 hours C. 165 hours D. 225 hours - Answer- D. 225 hours In New Jersey, real estate licenses...

Real Estate U Final Exam Study Guide 2024 Questions and Answers Article 12-A of the NYS Real Property Law - Answer- 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 Sponsor - Answer- A licensed real estate broker that holds the license of a salesperson. "Summary of Your Submission" - A...

Illinois Leasing agent Exam prep with correct Answers New Update The leasing agent license shall expire on July 31st of: - Answer -even numbered years sponsoring brokers must submit the 45 day sponsor card to IDFPR within: - Answer -24 hours of employment leasing agent licensees must complete how many hours of containing education during the 24 month period prior renewal: - Answer -8 hours of continuing education The real estate recovery fund is: - Answer -a fund at IDFPR to reimburs...

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 - -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. - 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. Sale of one's own pr...