Broker compensation Study guides, Class notes & Summaries
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301- NC Post Licensing Questions With 100% Correct Answers.
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Can an inactive agent be paid a referral commission if they were active at the time they made the 
referral? - Yes. If and only if they were active at time of referral 
Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing 
and signed by both parties 
At a listing appointment, the agent should be gathering all information for listing and what? - 
Advertising 
May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC 
ov...
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301- North Carolina Post Licensing | 60 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Can an inactive agent be paid a referral commission if they were active at the time they made the 
referral? - Yes. If and only if they were active at time of referral 
Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and 
signed by both parties 
At a listing appointment, the agent should be gathering all information for listing and what? - 
Advertising 
May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC 
ov...
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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NY REAL ESTATE EXAM -REVIEW QUESTIONS
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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. Sa...
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REVIEW QUESTIONS AND ANSWERS FOR NY REAL ESTATE EXAM; Updated 2024 WITH CORRECT QUESTIONS AND ANSWERS
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REVIEW QUESTIONS AND ANSWERS FOR NY REAL ESTATE EXAM; Updated 2024 WITH CORRECT QUESTIONS AND 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 - correct answers-B: Salesperson can accept compensation only from their sponsoring broker.
Too much month left at the end of the money?
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2023/2024 OACIQ Exam Prep - Questions with Verified Answers
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2023/2024 OACIQ Exam Prep - Questions with Verified Answers When do you need a new certificate of location? If previous one is older than 10 years, requires a new one. In the description sheet in MLS, inform collaborating brokers that a new one will be available soon. Seller asks to reduce commission if you find a buyer? You can include a clause in the BCS in 11.1 stating that in the event that you find a buyer, you will reduce your commission to 3%, however in the case of multiple offers, thi...
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TX-Brokerage (SAE) Questions with correct Answers 2024
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TX-Brokerage (SAE) Questions with correct Answers 2024 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
 
 
 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. 
Broker Responsibility MCE 
 
 
 
Who Must Ta...
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Gold Coast Real Estate Final Exam Questions and Answers Latest Update 2024 (Graded)
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Gold Coast Real Estate Final Exam Questions and Answers Latest Update 2024 (Graded) Real Estate Brokerage (Ch. 1) - Answer- A business in which real estate-related 
activities are performed under the authority of a licensed real estate broker 
Farming (Ch. 1) - Answer- concentrating on one type or style of property in one 
particular area of neighborhood 
Property Transfer, Valuation & Marketing (Ch. 1) - Answer- areas of expert knowledge 
that are required for all real estate licensees 
Residen...
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NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)
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NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A)NYS Real Estate Practice Exam 2023-2024 Questions and Answers (Graded A) 
What agency issues real estate licenses? - ANSWER-The New York State Department of State (NYDOS), Divison of Licensing Services 
 
At what age can you become a real estate salesperson? - ANSWER-18 
 
Do you nee...
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California Property and Casualty Insurance Exam Questions and Answers 100% Pass
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California Property and Casualty Insurance Exam 
Questions and Answers 100% Pass 
What is the required rate discount under a Good Driver Discount policy? - Correct 
Answer ️️ -20% below the rate the insured would have been otherwise charged for the 
same coverage 
All the following are authorized activities for the Limited Automobile Insurance Agent 
EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for 
service 
What is the procedure for refusing uninsured moto...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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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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Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified)
- Exam (elaborations) • 15 pages • 2023
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Gold Coast FINAL EXAM STUDY SET for 4/11 
Gold Coast FINAL EXAM STUDY SET (Questions and Answers, 100% Verified) 
what are the the areas a realtor should be an expert in? 
Marketing 
Valuation & Market Conditions 
Property Transfer 
"MVP" 
Does one need to be a resident of the state or a citizen of the U.S. to get a FL real 
estate license? 
to get a FL real estate license, you don't need to be a citizen 
What must an applicant for a real estate license do if he has been convicted of a 
cri...
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