Sponsoring broker - Study guides, Class notes & Summaries

ILLINOIS LEASING AGENT LICENSE EXAM 2024 PREP GUIDE WITH 350 EXAM QUESTIONS AND 100% CORRECT ANSWERS What is a Leasing Agent License? - ANSWER-a limited scope license to engage in the leasing of residential real estate only What is a Leasing Agent NOT allowed to do, even with a Leasing License? - ANSWER-A leasing agent may NOT engage in any sales activities with this license or any activities with commercial real estate - these require a real estate broker's license. What duties c...

How many days after passing the licensing exam does an applicant have in which to submit the affidavit of sponsorship to the Commission? - ACCURATE ANSWERS 90 The examination authorization form issued by the Commission will expire after: - ACCURATE ANSWERS 90 Days Which of the following documents is/are required of licensing applicants? - ACCURATE ANSWERS Proof of completion of the required real estate instruction hours. Verification of passing an equivalent real estate license examination...

What agency issues real estate licenses? - correct answer New York State Dept of State (NYDOS) Division of Services At what age can you become a real estate sales person? - correct answer 18 Do you need experience in the field to become a salesperson? - correct answer No What is the minimum age to become a real estate broker? - correct answer 20 Do you need experience in the field to become a broker? - correct answer 2 years and 3500 points If your license is revoked, how long do ...

B: Salesperson can accept compensation only from their sponsoring broker. - Answers -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 C. As of July 1,2008 to become a broker you must be 20 years old. - Answers -2-The minimum age for a New York real estate broker's license is a. 19. b. 18. c. 20. d. 21. C: selling land at an auction. - Answers -3-Which of the following acts would requi...

Leasing Exam - Hard Questions and Answers 100% Correct Leasing Exam - Hard Questions and Answers 100% Correct Leasing Exam - Hard Questions and Answers 100% Correct Leasing Exam - Hard Questions and Answers 100% Correct What agreement chooses termination? - ANSWERemployment ______________ records go into NON INTEREST BEARING accounts unless discussed otherwise. - ANSWEREscrow When must all escrow money accepted by the sponsoring broker be placed in the sponsoring bro...

Texas Principles of Real Estate 1: Quiz Questions And Answers Special Agent - ANS A real estate agent is an example of what type of agent...? Universal Agent General Agent Special Agent Specific Agent Market Comparison Approach - ANS A means of comparing similar type properties, which have recently sold, to the subject property is known as the...? Cost Approach Assessment Approach Income Approach Market Comparison Approach Listing Contract - ANS A contract in which a pr...

NJ Real Estate 2024 Exam Questions with Correct Answers Broker - Answer-is authorized to operate a real estate business, hire salespersons, and to charge the public for services. Broker-salesperson - Answer-Has fulfilled all the requirements of a broker yet chooses to work in a sales capacity for and in the name of another broker. Continuing Education - Answer-All Broker, broker-salespersons, and salespersons licensees must complete 12 hours of approved continuing education courses befor...

Illinois Broker Exam Questions and Answers 100% CorrectIllinois Broker Exam Questions and Answers 100% CorrectIllinois Broker Exam Questions and Answers 100% CorrectIllinois Broker Exam Questions and Answers 100% Correct appurtenance - ANSWER-A right, a privilege, or an improvement belonging to, and passing with, the land. real estate - ANSWER-an improvement to the land creates? 15 days - ANSWER-How many days does a sponsoring broker have to notify IDFPR of the loss of a managing broker? ...

New York Real Estate Exam Guide 2024 Your real estate license with the pocket card will be sent to your sponsoring broker. Who holds the license? Who holds the pocket card? - ️CORRECT ANSWER-Broker holds license, Agent holds pocket card As a real estate salesperson, you have to take continuing education every ___ years. - ️CORRECT ANSWER-two years How many hours of CE are required? - ️CORRECT ANSWER-22.5 hours There is also a three hour CE component of ___ required every two ye...

Illinois Real Estate Practice Exam 1 Questions and Answers (Graded A)Illinois Real Estate Practice Exam 1 Questions and Answers (Graded A)Illinois Real Estate Practice Exam 1 Questions and Answers (Graded A)Illinois Real Estate Practice Exam 1 Questions and Answers (Graded A)Illinois Real Estate Practice Exam 1 Questions and Answers (Graded A) Which of these is a lien on real estate? - ANSWER-Recorded mortgage A sales contract was signed under duress. Which of these describes the contract?...