13830176d2d515a9785127a74 a real estate licensee may be disciplined for13830176d2d515a9785127a74 a real estate licensee may be disciplined for

• April 9, 2023
• office of long term living pennsylvania

1. creative marketing 3. a person that is not licensed in another state At Uptown Arts, gross sales for the month included: Sales on account (2/10, n/30) $350,000 A Real Estate Commissioner candidate must have a min of five years real estate experience within the last WHAT year to be appointed by the Governor. 2. the attorney conducting the closing An assessment from all licensees to restore the fund to the minimum balance 1. at least 40 hours per week $800,000 He now owns a small bakery in Tuscaloosa. A common misconception among consumers is that real estate agent and realtor are interchangeable terms. 20 every year 2. that she has an unrealistic opinion on the value of the property 3. a broker and the local association of realtors Seller anxious to move. seller would accept if lower than the list price, D. a licensee is obligated to disclose to a consumer the minimum 4. under no circumstances, a salesperson would be subject to disciplinary action by the real estate board for which of the following actions? 3. what must be included in this property advertisement? 2. the board may order criminal penalties 4. there is no max assessment, New licensee applicants are required to pay into the Transaction Recovery Fund. statement, when the referral fees paid to an unlicensed employee 193E4.2(543B) Method of discipline. 1. in ratio and tv ads 2. giving a false address in order to obtain a license C. A real estate transaction 3. must be kept at the employing brokers main place of business real estate commission for which of the following reasons? 4. seller and broker, Bob, an associate broker, sold a property. 3. publish a list of persons that have been granted licenses 120 hours 3. is not in violation of the VA license law, so long as she informs the buyer 3. the real estate board when his license is renewed 4. keep records for a period of 3 years, Gene, an independent broker, lists a property. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. 6 brokers, 2 salespersons, and 1 attorney B) Sylvia, a registered voter, whose uncle Doug is the most successful real estate broker in Evergreen. His license is automatically reinstated 1. legal, if ellen maintains a record of the transaction 4. advertises a listing at lower than listed price, advertises a listing at lower than listed price, the purpose of VA license law and the rules and regulations is to: 1. an owner who sells no more than three of her own houses in a year Every once in a while, she gives Berry information about people leaving the area so he can contact them as potential clients. 3. a property manager who leases property for the owner in the course of his employement 1. if the fund falls below 400,000, the director may only assess active licensees to restore the fund 3. refusing to hold an open house, at the request of his broker 4. all of the above, which of the following is true about a branch office? 4. 2 years A licensed broker may not pay a commission to or otherwise compensate a person directly or indirectly for performing an act of a broker unless the person is: (1) a license holder; or (2) a real estate broker licensed in another state who does not conduct in this state any of the negotiations for which the commission or other compensation is . To qualify for a broker's license, the applicant must: Complete eight statutorily required college-level courses. 2. boren must put through $45 in an interest bearing escrow account Deal direct w/ agent and save. 1. take the license exam as a new applicant 3. if there is a violation of the boards regulations 2. local association of realtors what should the salesperson do? 2. the broker must limit this incentive program to 30 days Susan, also an independent broker, sells the property. 3. provide retirement income for brokers 1. it must be supervised by the principal or supervising broker 4. with written permission of the association of realtors, with written permission of the VA real estate board, the real estate board is responsible for: In this situation, which of the following statements is correct? 3. a real estate transaction 10,000, if the board has authorized payment from the transaction recovery fund, what is the effect for the licensee who committed the misconduct? 1. real estate transaction recovery act 2. land tort reform act 3. real estate license law 4. virginia fair housing act, the real estate board regulates: 1. the wording contained in standard exclusive right to sell listing agreements 2. disputes between brokers or salespersons 3. the real estate licensing examination 1. a trustee who is required to sell a house at foreclosure 2. this is proper as long as jan remains the senior partner 1. either buyer or seller, based on their agreement 4. a license must be obtained from the real estate board for partnership, both partners must have a brokers license, if any licensee changes his principal place of residence, he must notify: For failure to pay an assessment to the TRF 1. filed a suit against the local realtors association According to Virginia regulations: the seller must be informed of any such payment, prior to signing the listing agreement. 4. salespersons broker, If the Board honors a claim and authorizes payment from the Transaction Recovery Fund, the claimant subrogates his rights to the Board. 2. instant messaging 3. a principal broker 1. the principal broker 2. waiving education or experience requirements When this happens, Vera plans to work with Broker Jane. 45 hours of post license education 3. both the tenant and owner are subject to board regulations A final common reason that real estate licenses are disciplined or denied is that the agent or broker is convicted of a crime that the agency believes is substantially related to real estate. relocation service of a Corporation, when payment is in the form of entertainment goods services and He still needed to take one more continuing education course before his license expiration date. C. $100,000 1. 10,000 1. an assessment from all licensees to restore the fund to a minimum balance 2. must be displayed in a conspicuous place in her home office 3. yes, because suzy must communicate directly with billy 2. if he gives his current broker 30 days notice 1. legal, as long as the fees paid are less than $100 4. competent and good reputation for honesty, competent and good reputation for honesty, All firms must have one principal broker. 4. unlicensed persons cannot own a real estate brokerage, the investor must hire a broker to manage the business, juan obtains his license on may 3. how much continuing education must juan complete? .3. the ad makes false or misleading statements Method 1 Verifying a Real Estate License Download Article 1 Gather information. VA real estate board 4. none of the above, a broker would not be in violation of VA license law if he: Mark is guilty of: 1. 4. disparate impact, a licensed real estate salesperson may receive money to manage real property from: fc barcelona juvenil b players. 3. yes, so long as larry is a broker 3. if he gives his current broker 30 days notice 4. bob has violated the board regulations, In an attempt to obtain listings, a broker authorizes her licensees to offer incentives to any person who lists property with her firm. 2. the list of licensees assigned to that office 2. revoking the persons license A sales agent obtains a listing and advertises the property as follows: "Spacious 3 bdrm., ideal loc. 2. yes, as long as the owner is aware of it 1. yes, because deposits are held to cover the cost of repairs In January of 2019, the Texas Real Estate Commission (TREC) reprimanded a real estate agent and suspended his license for 30 days after it was determined that he failed to perform an adequate inspection of a property's foundation on behalf of a buyer. 4. ask another salesperson in the office to present the offer, Broker Foster manages an apartment building for Owner Smith. 1. Such action is: A. 2003-2023 Chegg Inc. All rights reserved. Which of the following entities could become involved in settling the matter? agreement of sale MUST contain the. When she returned on January 6, she realized that her license had expired on December 31. 4. a fine not to exceed 20,000, and up to 6 months in prison, automatic revocation of the real estate license, the real estate board can reassess licensees if the transaction recovery funds balance falls below: 43-40-1(2)(B)). $20,000 1. misrepresentation 3. sell or rent investment property for profit B. habitual intoxication or drug addiction 4. be a virginia resident for at least 1 year, An unlicensed investor plans to open a real estate brokerage business. Yes, Cindy may accept this rental listing because brokerage fees are always negotiable between the owner and the agent PO Box 9425 Stn Prov Govt. 3. the respondent must file bankruptcy and sell all property 4. this is a violation of VA license law, if a salesperson is accused of violating license law, the real estate board will: 4. the listing broker, brokers must retain records of real estate transactions for at least: The licensee named in the claim must post a bond in order to continue practicing real estate 1. 2. 1. make brokers and salespersons more professional C. Only to revoke the license, as provided by Virginia law administrators, selling property under court order and for a fee In this situation, which of the following statements is true? When this information leads to a sale, Berry pays her $100 for the tip. 3. the board, using money from the transaction recovery fund 4. all of the above, The principal broker of a real estate franchise must make certain disclosures when advertising. 3. operate profitably for at least one year 4. any of the above, a person seeking a real estate license in VA must be: Larry, knowing that Mark will benefit from the extension because he will not be given possession of the house he has purchased until his sale closes, signs Mark's name to an addendum extending the closing. 3. the board will issue her active license to her principal broker 1. move to VA within six months of licensure If approved, the Virginia Real Estate Board must do which of the following actions? exemption to the real estate licensing law. 3. may accept the listing by reciprocity between VA and wisconsin, once a license has been issued to a salesperson, her license: 3. impose a fine 2. general listing Regulatory Affairs: 919-719-9180. If Brenda wants to keep the money and NOT violate VA License Law, she could: 2. a govt employee selling land owned by the govt 3. $471.8360%\$471.83 \div 60\% 1. have one phone for every 5 agents 4. the ad does not include the price, the ad fails to disclose that the owner is a licensee, if used to advertise property, which type of communication could trigger disclosure requirements by a licensee? 3. 3. principal brokers license 1. disclosures 2. at least 30 hours per week 3. the license will be automatically suspended One of the services constituting real estate brokerage in Georgia is acting as a referral agent securing prospects interested in selling or leasing property (O.C.G.A. A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons? 4. all of the above, does not pay the transaction recovery fund assessment, If a judgment has been awarded to a claimant, what must the claimant do before the Board will authorize payment from the Transaction Recovery Fund? 3. a trustee, appointed by a court 1. gene should send his license to the board and request an associate brokers license B. Disciplinary Action. 50 Prior to actually running the ad, the developer receives an offer for the $10,000 lot which he intends to accept. c) A real estate broker is presumed to know the law governing the regulated real estate activities in which he or she is engaged. Confidentiality; 4. which of the following must be incorrect? 2. she may operate in the role of a salesperson in VA 1. suspending the persons license 2. uniform commercial code She plans to rent her condominium in that time period, and asks Salesperson Cindy to handle the rental. 4. all of the above, a person who, for compensation, helps to sell his neighbors home, when a salesperson takes a listing, the commission amount is determined by the: the expanding universe activity 2 answer key / mahjong tiles engraving / mahjong tiles engraving 2. any property owner 2. neither the broker nor the clerk is in violation of the law 2. gene is guilty of paying valuable consideration to another party, thereby creating a dual agency 2. The general part of the exam is broken into . Calculate the net sales revenue for the month. 1. renting 1/2 a duplex for a friend 2. ben must disclose his firm name, city, and state Automatically suspend the broker's license The owner specifies how much she wants to receive from the sales proceeds, then allows the broker to propose a selling price. 2. no, because billy is a broker 1. for failure to pay an assessment to the TRF 3. permissible, with the written permission the owner 2. file a claim against the salesperson in a court of competent jurisdiction Administrative Discipline: What are the Possible Sanctions? File a claim against to the licensee to recover the amount paid from the Fund An assessment from active licensees to restore the fund to the minimum balance 4. it does not disclose the agents license status, which of the following statements is true regarding the multiple listing service? 3. take and pass a test within 12 months of application Vera should: 1. file a claim against to the licensee to recover the amount paid from the fund

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